Michigan Compiled Laws
Chapter 397 - Libraries
Act 265 of 1988 - District Library Financing Act (397.281 - 397.290)

Section 397.281 - Short Title. - Sec. 1. This act shall be known and may be...

Section 397.282 - Definitions. - Sec. 2. As used in this act: (a) "Board" means...

Section 397.283 - Powers of Board. - Sec. 3. A board may do 1 or more of...

Section 397.284 - Limitation on Borrowing Money or Issuing Bonds or Notes; Conditions to Issuance of General Obligation Unlimited Tax Bonds; Ballot Question. - Sec. 4. (1) A district library shall not borrow money...

Section 397.285 - Issuance of Limited Tax Bonds or Notes by Resolution. - Sec. 5. Except as otherwise provided in section 4, a...

Section 397.286 - Repealed. 1989, Act 25, Imd. Eff. May 22, 1989. - Compiler's Notes: The repealed section pertained to borrowing money, issuing...

Section 397.287 - Bonds as Debt of District Library; Withdrawal of Participating Municipality From District Library. - Sec. 7. Bonds issued pursuant to this act are debt...

Section 397.288 - Authorization and Levy of Taxes to Pay Principal of and Interest on Bonds. - Sec. 8. If a majority of the qualified electors of...

Section 397.289 - Bonds Subject to Revised Municipal Finance Act. - Sec. 9. Bonds issued pursuant to this act are subject...

Section 397.290 - Submission of Proposal to Issue Bonds; Limitation. - Sec. 10. A board shall not submit a proposal to...