639 of 1978 - Hertel-Law-T. Stopczynski Port Authority Act (120.101 - 120.130)

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  4. 639 of 1978 - Hertel-Law-T. Stopczynski Port Authority Act (120.101 - 120.130)

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Section
120.101

Short Title.

Section
120.102

Definitions.

Section
120.103

Port Authority; Exercise of Powers and Duties; Jurisdiction.

Section
120.104

Port Authority; Incorporation; Recommendations; Articles of Incorporation; Body Corporate and Politic; Public Purpose.

Section
120.105

Port Authority; Appointment and Terms of Members; Vacancy; Reappointment; Chairperson, Vice-Chairperson, and Secretary-Treasurer; Quorum; Voting; Expenses; Liability.

Section
120.106

Bond of Secretary-Treasurer.

Section
120.107

Advisory Committees and Councils.

Section
120.108

Port Authority; Powers Generally.

Section
120.109

Port Authority; Additional Powers.

Section
120.110

Port Authority; Additional Powers.

Section
120.111

Port Authority; Liability.

Section
120.112

Acquisition of Property by Purchase, Lease, or Condemnation; Sale or Removal of Structures; Sale or Lease of Property.

Section
120.113

Contracts for Acquisition, Improvement, Enlargement, or Extension of Port Facilities; Payment of Cost; Pledge of Full Faith and Credit; Tax Levy; Methods of Raising Funds; Assessment of Costs.

Section
120.114

Revenue Bonds; Applicability of Revenue Bond Act; Revenue Bonds Payable Solely From Revenues or Income.

Section
120.114a

Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.

Section
120.115

Revenue Bonds; Form; Date; Denomination; Place of Payment; Redemption; Validity of Signature or Facsimile; Issuance in Coupon or Registered Form; Registration, Reconversion, and Interchange of Bonds.

Section
120.116

Revenue Bonds; Trust Agreement.

Section
120.117

Bonds as Securities; Investment; Deposit.

Section
120.118

Additional Bonds for Acquisition of Port Facilities; Authorization; Resolution; Issuance and Execution of Bonds; Seal; Negotiable Instruments; Maturities; Payment; Tax Exemption; Issuance of Bonds or Notes Subject to Revised Municipal Finance Act.

Section
120.119

Validation of Bonds or Notes; Contesting Validity.

Section
120.120

Contract for Use of Port Facilities; Increase in Charges; Duration of Contract.

Section
120.121

Dock, Waterfront, or Riparian Property; Transfer, Possession, or Control.

Section
120.122

Tax Exemption.

Section
120.123

Plan for Future Development, Construction, and Improvement of Port and Facilities; Notice; Comments; Hearing; Adoption; Modification, Amendment, or Extension; Plans for Specific Projects.

Section
120.124

Operating Budget.

Section
120.125

Surplus of Unencumbered Funds; Disposition.

Section
120.126

Entry on Lands, Waters, and Premises; Purpose; Reimbursement for Actual Damages.

Section
120.127

Employees of Port Authority; Transfer and Payment of Sick Leave and Annual Leave; Salary Rate; Job Seniority and Pension Rights.

Section
120.128

Annual Report; Audit.

Section
120.129

Liberal Construction; Powers Cumulative.

Section
120.130

Repeal of MCL 120.1 to 120.35; Effective Date of Subsection (1).