Michigan Compiled Laws
Chapter 123 - Local Government
Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)

Section 123.951 - Local Building Authorities; Incorporation; Purposes; "Transit-Oriented Development" and "Transit-Oriented Facility" Defined. - Sec. 1. (1) A county, city, village, or township may...

Section 123.952 - Joint Buildings and Parking Lots; Authorities; Incorporation; Purposes. - Sec. 2. Any combination of 2 or more counties, cities,...

Section 123.952a - Joint Buildings and Parking Lots of School Districts and Municipalities; Authorities; Incorporation; Acquisition; Operation; Maintenance; Use. - Sec. 2a. A school district and a city, village, or...

Section 123.952b - Public Buildings Used for Disabled, Developmentally Disabled, or Mentally Disturbed Children; Constituent School Districts and Intermediate School Districts; Authority; Purpose; Contract. - Sec. 2b. An intermediate school district and a constituent school...

Section 123.953 - Incorporating Unit; Definition. - Sec. 3. The term "incorporating unit" as used in this...

Section 123.954 - Incorporation of Authority; Procedure. - Sec. 4. The incorporation of such an authority shall be...

Section 123.955 - County and Municipal Building Authority; Articles of Incorporation; Contents; Eligibility of Governing Body Member for Membership or Appointment. - Sec. 5. (1) The articles of incorporation shall set forth...

Section 123.955a - Joint Building Authority; Commissioners; Election and Terms of Members; Chairperson; Secretary; Bylaws and Rules of Procedure; Elected Official as Member; Conducting Business at Public Meeting; Notice of Meeting. - Sec. 5a. (1) A joint building authority under section 2...

Section 123.955b - Board of Commissioners; Compensation, per Diem, Mileage. - Sec. 5b. Members of the commission may be paid such...

Section 123.956 - Articles of Incorporation; Publication; Statement; Filing; Effective Date; Presumption. - Sec. 6. (1) The officer designated in the articles of...

Section 123.957 - Building Authority; Body Corporate; Powers. - Sec. 7. Such authority shall be a body corporate with...

Section 123.958 - Contracts to Acquire Property; Leases and Subleases; Acquisitions Constituting Public Purpose; Stadiums. - Sec. 8. The authority and its incorporating unit or units...

Section 123.958a - Agreement in Contract of Lease to Pay Cash Rental, Costs, and Expenses; General Obligations; Tax Levy; Other Funds; Setoff or Abatement of Cash Rentals. - Sec. 8a. (1) The incorporating unit or units contracting under...

Section 123.958b - Contract of Lease; Full Faith and Credit General Obligation; Resolution Submitting Contract to Vote of Electors; Effective Date; Notice of Intention; Referendum Petition; Election. - Sec. 8b. (1) The governing body of an incorporating unit...

Section 123.958c - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties. - Sec. 8c. A petition under section 8b, including the circulation...

Section 123.959 - Building Authority; Acquisition of Property, Condemnation. - Sec. 9. For the purpose of accomplishing the objects of...

Section 123.960 - Amendment of Articles of Incorporation. - Sec. 10. Amendments may be made to articles of incorporation...

Section 123.961 - Building Authority Bonds or Building Authority Refunding Bonds; Purpose; Conditions; Issuance of Negotiable Bonds to Make Cash Rental Payments. - Sec. 11. (1) For the purpose of defraying all or...

Section 123.961a - Building Authority Revenue Bonds or Building Authority Revenue Refunding Bonds; Purpose; Prerequisites of Issuance. - Sec. 11a. For the purpose of defraying all or part...

Section 123.961b - Ordinance or Resolution Authorizing Issuance of Bonds; Adoption; Contents. - Sec. 11b. The ordinance or resolution authorizing issuance of bonds...

Section 123.961c - Repealed. 2002, Act 306, Imd. Eff. May 13, 2002. - Compiler's Notes: The repealed section pertained to payment, redemption, execution,...

Section 123.961d - Bonds; Statutory Lien. - Sec. 11d. There shall be created in the authorizing ordinance...

Section 123.961e - Bonds; Use and Disposition of Proceeds. - Sec. 11e. All moneys received from the sale of bonds...

Section 123.961f - Additional Bonds. - Sec. 11f. The commission in the ordinance or resolution authorizing...

Section 123.961g - Bond and Interest Redemption Fund. - Sec. 11g. The ordinance or resolution authorizing the bonds shall...

Section 123.961h - Redemption of Bonds Prior to Maturity. - Sec. 11h. The commission may make provision in the ordinance...

Section 123.961i - Repealed. 2002, Act 306, Imd. Eff. May 13, 2002. - Compiler's Notes: The repealed section pertained to issuance of bonds...

Section 123.961j - Bonds Subject to Revised Municipal Finance Act; Tax Exemption. - Sec. 11j. (1) All bonds authorized under this act are...

Section 123.961k - Repealed. 2002, Act 306, Imd. Eff. May 13, 2002. - Compiler's Notes: The repealed section pertained to bonds issued to...

Section 123.962 - Tax Exemption for Property. - Sec. 12. All property owned by any authority shall be...

Section 123.963 - Bonds; Retirement; Conveyance of Title to Property. - Sec. 13. When all bonds issued pursuant to the provisions...

Section 123.964 - Construction of Act. - Sec. 14. The powers herein granted shall be in addition...

Section 123.965 - Validation of Prior Authorities, Actions, and Bonds. - Sec. 15. All authorities heretofore incorporated, all actions heretofore taken,...