Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)

Section 125.1251 - Legislative Determination; Short Title. - Sec. 1. (1) It is determined that there exists in...

Section 125.1252 - Definitions. - Sec. 2. As used in this act: (a) "Industrial building"...

Section 125.1253 - Powers of Municipality Generally. - Sec. 3. A municipality may: (a) Construct, acquire by gift...

Section 125.1253a - Programs of Water and Air Pollution Control for Industries and Public Utilities; Water and Air Pollution Control Equipment; Powers of Municipality. - Sec. 3a. There exists in this state the continuing need...

Section 125.1254 - Bonds; Purpose; Issuance; Serial or Term Bonds; Interest; Form of Bonds and Coupons; Execution; Payment; Tax Exemption; Debt Limitation Inapplicable; Registration; Applicability of Other Acts. - Sec. 4. (1) For the purpose of defraying the cost...

Section 125.1255 - Resolution Authorizing Issuance of Bonds; Contents. - Sec. 5. (1) Any resolution authorizing the issuance of bonds...

Section 125.1256 - Redemption of Bonds. - Sec. 6. The bonds may provide that they may be...

Section 125.1257 - Default; Receiver. - Sec. 7. If there is any default in the payment...

Section 125.1258 - Repealed. 1966, Act 340, Imd. Eff. Sept. 21, 1966. - Compiler's Notes: The repealed section pertained to industrial development, providing...

Section 125.1259 - Additional Bonds; Refunding Bonds. - Sec. 9. (1) If the governing body finds that the...

Section 125.1260 - Cost of Project. - Sec. 10. In determining the cost of the project, the...

Section 125.1261 - Taxation of Lessee; Liens; Recovery. - Sec. 11. When any real or personal property acquired pursuant...

Section 125.1262 - Referendum; Intention to Issue Bonds. - Sec. 12. The governing body may issue bonds pursuant to...

Section 125.1262a - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties. - Sec. 12a. A petition under section 12, including the circulation...

Section 125.1263 - Issuance of Bonds; Application; Resolution and Project Cost Estimate; Approval by Municipal Finance Commission or Successor Agency; Exception; Effect of Order; Prior Approval Requirement Subject to MCL 133.10 and 133.11; Department... - Sec. 13. (1) Unless an exception from prior approval is...

Section 125.1264 - Sale of Bonds. - Sec. 14. Bonds issued under this act may be sold...

Section 125.1265 - Municipalities; Powers as to Industrial Buildings and Machinery. - Sec. 15. Nothing herein contained shall be interpreted to grant...

Section 125.1266 - Construction of Act; Cumulative Powers. - Sec. 16. This act shall be construed as granting cumulative...

Section 125.1267 - Liberal Construction of Act. - Sec. 17. This act, being necessary for and to secure...