Michigan Compiled Laws
Chapter 247 - Highways
Act 175 of 1952 - Borrowing From Motor Vehicle Highway Fund (247.701 - 247.707)

Section 247.701 - Borrowing Money and Issuing Bonds; Purposes; Bonds Subject to Revised Municipal Finance Act; Refunding Bonds; Sale; Refund Prohibited Under Certain Conditions. - Sec. 1. (1) Subject to subsections (2) and (3), any...

Section 247.702 - Authorization of Bonds; Cities and Villages; Resolution, Approval, Publication, Contents. - Sec. 2. When the governing body of any incorporated city...

Section 247.703 - Bonds; Principal and Interest; Payment; Additional Security; Existing Contract Rights; Priority. - Sec. 3. (1) The principal of and interest upon the...

Section 247.704 - Issuance of Bonds for Highway Purposes; Cities and Villages; Successive Borrowing. - Sec. 4. A city or village shall not pledge, for...

Section 247.705 - Revenues Set Aside; Source. - Sec. 5. After any indebtedness shall be incurred under the...

Section 247.706 - Repealed. 2002, Act 330, Imd. Eff. May 23, 2002. - Compiler's Notes: The repealed section pertained to approval or denial...

Section 247.707 - Prohibition of Pledges. - Sec. 7. Nothing in this act contained shall be construed...