Michigan Compiled Laws
451-1994-III-2-4-THE-TIMBER-INDUSTRY-501 - Part 501 Forest Improvements (324.50101...324.50166)
451-1994-III-2-4-THE-TIMBER-INDUSTRY-501-7 - Subpart 7 Bond Issuance Provisions (324.50156...324.50166)

Section 324.50156 - Resolution Authorizing Bonds; Provisions. - Sec. 50156. A resolution authorizing bonds to be issued under...

Section 324.50157 - Resolution Authorizing Bonds; Principal, Interest, Payment, and Security; Full Faith and Credit; Trustees. - Sec. 50157. (1) The bonds shall be payable and secured...

Section 324.50158 - Special Debt Service Reserve Fund; Creation; Purpose; Sources and Use of Money; Transfer of Income or Interest; Limitation on Approved Reserve Fund Requirement; Limitation on Issuance of Bonds. - Sec. 50158. (1) A district, with the approval of the...

Section 324.50159 - Statement of Liability on Face of Bond. - Sec. 50159. The state shall not be liable on bonds...

Section 324.50160 - Applicability of Part And Resolution; Enforcement of Duties; Recital in Bond as Evidence of Validity; Publication and Effective Date of Resolution. - Sec. 50160. (1) This part, and the resolution authorizing the...

Section 324.50161 - Refunding Bonds. - Sec. 50161. A district may issue its bonds to refund...

Section 324.50162 - Adoption of Bonds by Resolution of Majority of Board; Bonds Subject to Revised Municipal Finance Act. - Sec. 50162. The bonds of a district shall be authorized...

Section 324.50163 - Pledge and Lien of Pledge Valid and Binding; Recordation Not Required. - Sec. 50163. A pledge made by a district shall be...

Section 324.50164 - Liability on Bonds. - Sec. 50164. Neither the members of the board of a...

Section 324.50165 - Pledge and Agreement of State Not to Impair Rights and Remedies of Bondholders; Bonds as Negotiable Instruments; Bonds as Securities; Investment in Bonds. - Sec. 50165. (1) The state pledges and agrees with the...

Section 324.50166 - Exemption From Taxation. - Sec. 50166. The state covenants with the purchasers and all...