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Section 125.1601 - Short Title. - Sec. 1. This act shall be known and may be...
Section 125.1602 - Legislative Finding. - Sec. 2. There exists in this state the continuing need...
Section 125.1603 - Definitions. - Sec. 3. As used in this act: (a) "Corporation" means...
Section 125.1604 - Economic Development Corporation; Incorporation; Application; Notice; Hearing; Approval; Board of Directors; Appointment, Qualifications, Terms, and Compensation of Directors; Public Meetings; Directors as Public Officers; Expirati... - Sec. 4. (1) Application, in writing, may be made by...
Section 125.1605 - Approval of Application to Incorporate and Articles of Incorporation by Resolution; Incorporation Pursuant to MCL 125.1628 to 125.1636. - Sec. 5. After the governing body approves the application to...
Section 125.1606 - Organization of Corporation at Municipal and County Levels; Limitation. - Sec. 6. Not more than 1 corporation shall be organized...
Section 125.1606a - Subsidiary Neighborhood Development Corporation; Creation; Powers; Exemption From Prevailing Wage and Fringe Benefit Rate Requirements; Disposition of Surplus From Sale of Property; Repayment of Bonds or Notes. - Sec. 6a. (1) In order to implement section 3(f)(ii), a...
Section 125.1607 - Powers of Corporation Generally. - Sec. 7. (1) In order to accomplish the public purposes...
Section 125.1607a - Pledge by Corporation; Validity; Lien; Filing or Recording Instruments Not Required. - Sec. 7a. A pledge made by the corporation shall be...
Section 125.1607b - Board of Directors Serving as Planning Commission; Agenda. - Sec. 7b. If the board of directors of a corporation...
Section 125.1608 - Designation of Project Area; Certification of Approval; Preparation and Approval of Project Plan; Transfer of Employment; Contents of Project Plan; Corporation as Instrumentality of Political Subdivision; Notice to Vacate; Corporat... - Sec. 8. (1) The corporation shall designate the project area...
Section 125.1609 - Project Plan; Findings and Recommendations of Local Public Agency; Determinations; Publication of General Standards for Project Plans; Local Public Agency Recommendations Concerning Project Plan Not Required. - Sec. 9. (1) A local public agency shall submit its...
Section 125.1610 - Project Plan; Submission of Findings and Recommendations; Determination of Public Purpose; Considerations. - Sec. 10. (1) The local public agency, if required, shall...
Section 125.1611 - Amendments to Project Plan; Compliance With Local Ordinances and Resolutions. - Sec. 11. The governing body of the municipality for which...
Section 125.1612 - Establishment of Project District Area Boundaries; Project Citizens District Council; Establishment; Appointment and Qualifications of Members; Council as Representative of Project Area. - Sec. 12. (1) The governing body of the municipality for...
Section 125.1613 - Project Citizens District Council as Advisory Body. - Sec. 13. A project citizens district council established pursuant to...
Section 125.1614 - Consultation Between Representative of Corporation and Project Citizens District Council. - Sec. 14. Periodically the representative of the corporation responsible for...
Section 125.1615 - Project Citizens District Council; Meetings; Notice; Right of Person to Be Heard; Record of Meeting; Information and Technical Assistance; Conditions to Adoption of Project Plan. - Sec. 15. (1) Meetings of the project citizens district council...
Section 125.1616 - Existing Citizens District Council as Authorized Projects Citizens District Council. - Sec. 16. In a project district area where there already...
Section 125.1617 - Public Hearing Before Adoption of Resolution Approving Project Plan; Notice; Record of Public Hearing; Availability of Record to Public. - Sec. 17. (1) The governing body of the municipality for...
Section 125.1618 - Finding and Recommendations of Project Citizens District Council; Notice. - Sec. 18. Promptly after the public hearing provided in section...
Section 125.1619 - Revision of Boundaries of Project District Area. - Sec. 19. The boundaries of a project district area may...
Section 125.1620 - Situations Not Requiring Project Citizens District Council; Dissolution of Council. - Sec. 20. A project citizens district council shall not be...
Section 125.1621 - Injunction, Mandamus, or Other Appropriate Remedy at Law; Equitable Relief. - Sec. 21. A municipality may commence an action for an...
Section 125.1622 - Condemnation. - Sec. 22. A municipality may take private property under Act...
Section 125.1623 - Borrowing Money and Issuing Revenue Bonds or Revenue Notes; Issuing Refunding Bonds; Bonds or Notes and Interest Exempt From Taxation; Exceptions; Liability of Municipality on Notes or Bonds; Statement; Investment in Bonds and Note... - Sec. 23. (1) For the purpose of defraying all or...
Section 125.1624 - Disposition of Net Earnings and Property Upon Dissolution of Corporation. - Sec. 24. Any net earnings of the corporation beyond that...
Section 125.1625 - Exemption of Corporation and Instruments of Conveyance From Taxation. - Sec. 25. The corporation shall be exempt from all taxation...
Section 125.1626 - Repealed. 1976, Act 175, Imd. Eff. June 29, 1976. - Compiler's Notes: The repealed section pertained to disposition of property...
Section 125.1627 - Powers of Public Bodies. - Sec. 27. (1) Any municipality and any agency or department...
Section 125.1628 - Incorporation of Economic Development Corporation; Name of Corporation. - Sec. 28. Any number of persons, not less than 3,...
Section 125.1629 - Articles of Incorporation; Approval by Resolution; Contents. - Sec. 29. The incorporation of the corporation shall be accomplished...
Section 125.1630 - Amendment of Articles of Incorporation. - Sec. 30. The articles of incorporation of the corporation may...
Section 125.1631 - Articles of Incorporation; Execution; Delivery; Filing; Publication; Statement of Right to Question Incorporation; Certificate; Effective Date and Validity of Incorporation. - Sec. 31. (1) The articles of incorporation shall be executed...
Section 125.1632 - Corporation as Body Corporate; Powers. - Sec. 32. The corporation shall be a body corporate with...
Section 125.1632a - Personal Liability of Board Members; Insurance. - Sec. 32a. The members of the board of directors of...
Section 125.1633 - Dissolution of Corporation; Referendum on Continued Existence of Corporation. - Sec. 33. (1) A corporation which has completed the purposes...
Section 125.1634 - Corporations Organized and Incorporated Pursuant to MCL 450.62 to 450.192; Validation, Force, and Effect of Prior Actions. - Sec. 34. A corporation organized and incorporated pursuant to section...
Section 125.1634a - Corporation Deemed Validly Incorporated; Validity of Action Taken by Corporation Under Act; Validity and Legality of Evidences of Indebtedness and Related Instruments. - Sec. 34a. (1) Notwithstanding any other provision of this act,...
Section 125.1635 - Liberal Construction. - Sec. 35. This act, being necessary for and to secure...
Section 125.1636 - Authority Cumulative. - Sec. 36. The authority given by this act shall be...