Sec. 5.
The city council may borrow money and issue bonds of the city therefor in anticipation of the payment of special assessments in 1 or more special assessment districts, which bonds may be an obligation of the special assessment district or may be both an obligation of the special assessment district and a general obligation of the city. The city council may issue general obligation bonds to defray that portion of the cost and expense of any local public improvement chargeable to the city at large.
History: Add. 1974, Act 345, Imd. Eff. Dec. 21, 1974
Structure Michigan Compiled Laws
Chapters 81 - 113 - Fourth Class Cities
Act 215 of 1895 - The Fourth Class City Act (81.1 - 113.20)
215-1895-XXIVA - Chapter Xxiva Special Assessments. (104a.1...104a.5)
Section 104A.1 - Special Assessment for Local Public Improvement or Repair; Resolution.
Section 104A.2 - Special Assessment Procedure; Ordinance.
Section 104A.3 - Special Assessment and Interest Thereon as Lien and Debt; Delinquency.