Sec. 21.
Bonds shall not be issued, except special assessment bonds, bonds for the portion of the cost of local improvements to be paid by the city at large, not to exceed 40% of the cost of the improvements, bonds for capital improvements in the annual budget as provided in section 18 of this chapter, emergency bonds, and bonds which the council is authorized by specific statute to issue without vote of the electors, unless approved by a majority of the electors voting thereon at any regular or special city election. The election shall be conducted in accordance with the general laws governing the conduct of elections.
History: 1895, Act 215, Eff. Aug. 30, 1895 ;-- CL 1897, 3309 ;-- CL 1915, 3231 ;-- CL 1929, 2155 ;-- CL 1948, 110.21 ;-- Am. 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-XXX - Chapter XXX Finance and Taxation. (110.1...110.29)
Section 110.2 - Council's Power of Taxation; Collection; Installments.
Section 110.3 - Tax Revenues; Division Into Funds.
Section 110.4 - Tax Money; Special Funds.
Section 110.5 - Taxes for General Fund; Limitation on Council.
Section 110.6 - Tax Raised in Street District; Purposes, Limitation.
Section 110.7 - Special Assessments; Purposes; Local Improvements, Street and Drain Construction.
Section 110.8 - Private Sewer Tax.
Section 110.9 - Annual Tax Levy; Purpose; Credit for Surplus Moneys.
Section 110.10 - Expense Estimates of Council; Time, Contents.
Section 110.11 - Expense Estimate of Council; Deficiencies; Installment Levies.
Section 110.12 - Annual Appropriation Bill; Purpose; Contents.
Section 110.13 - Taxes Certified to Board of Supervisors and Ward Supervisors; Manner.
Section 110.14 - Annual Appropriation Bill; Raising of Moneys After Passage Prohibited.
Section 110.16 - Improvements Financed by Special Assessments.
Section 110.17 - Improvement Before Tax Levy Prohibited.
Section 110.18 - Taxes and Loans for Capital Improvements; Bonds; Limitation.
Section 110.21 - Bonds; Approval of Electors Required; Exceptions.
Section 110.22 - Accounting Rules; Moneys Received.
Section 110.23 - Moneys; Procedure for Disbursement.
Section 110.24 - Moneys; Drawing Upon Exhausted Funds; Warrants on Such Funds Declared Void.
Section 110.25 - Loans; Limitation; Bonds.
Section 110.26 - Annual Accounts Audit by Council; Statement, Contents.
Section 110.27 - Statement of Receipts; Filing, Publication.
Section 110.28 - Misappropriation of Moneys; Penalty.
Section 110.29 - Repealed. 1974, Act 345, Imd. Eff. Dec. 21, 1974.