***** 120.22 THIS SECTION IS SUBJECT TO CONDITIONAL REPEAL: See (2) of 120.130 *****
Sec. 22.
Each port commission shall have power to lease under such covenants and conditions as the commission may prescribe, all storage facilities, wharves, piers, bulkheads, docks, sheds, warehouses, industrial locations and other property owned and controlled by said port district upon such terms as the port commission may deem proper: Provided, That no lease shall be executed for longer than a period of 50 years and every such lease shall be secured by a bond with surety satisfactory to or approved by the port commission.
History: 1925, Act 234, Eff. Aug. 27, 1925 ;-- CL 1929, 2311 ;-- Am. 1933, Act 67, Imd. Eff. May 1, 1933 ;-- CL 1948, 120.22 ;-- Am. 1955, Act 190, Imd. Eff. June 14, 1955 Compiler's Notes: For repeal of act, see MCL 120.130 and Compiler's note thereto.
Structure Michigan Compiled Laws
Act 234 of 1925 - Port Districts (120.1 - 120.36)
Section 120.1 - Port Districts; Incorporation, Exercise of Powers.
Section 120.4 - Election; Notice, Form of Ballot.
Section 120.5 - Formation; Procedure, Referendum, Effective Date of Creation.
Section 120.8 - Formation of District; Election and Survey Expense.
Section 120.9 - Port Commission, Appointment, Term, Vacancies.
Section 120.10a - Conducting Business at Public Meeting; Notice.
Section 120.11 - Port Commission; Submission of Propositions at Elections, Canvass of Votes.
Section 120.12 - Port Commission; Commissioners, Compensation; Mileage, Expenses.
Section 120.13 - Port Commission; Acquisition of Property.
Section 120.13a - Port Commission; Acceptance of Gifts, Grants or Loan; Approval.
Section 120.14 - Port Districts; Powers.
Section 120.15 - Port District Public Improvement; Issue of Evidence of Indebtedness.
Section 120.17 - Port District Public Improvements; Lands, Leases and Easements.
Section 120.18 - Port District Public Improvements; Streams.
Section 120.19 - Port District Public Improvements; Waterways, Creation.
Section 120.20 - Public Improvements; Income Producing; Payment in Lieu of Taxes.
Section 120.21 - Commodities; Tolls, Fees, Rents; Approval.
Section 120.22 - Lease of Property; Maximum Term, Bond.
Section 120.23 - Sale of Property; Approval.
Section 120.24 - Port Commission; Taxes, Special Assessments; Allocation of Millage.
Section 120.24a, 120.24b - Repealed. 1958, Act 178, Imd. Eff. Apr. 18, 1958.
Section 120.25 - Port Commission; Bond Issues, Limit, Approval by Governing Bodies or Electors.
Section 120.26 - Port Commission; Assistants and Employes.
Section 120.27 - Port Commission; Expenditures, Authority, Bids.
Section 120.28 - Port Commission; Lease of Harbor Area, Rents.
Section 120.29a - Availability of Writings to Public.
Section 120.32 - Power to Borrow in Anticipation of Tax.
Section 120.33 - Fund Created; Special Funds; Disbursement.
Section 120.34 - Annual Reports; Budgets; Budget Committee.
Section 120.35 - Construction of Act.
Section 120.36 - Repealed. 1966, Act 318, Eff. Mar. 10, 1967.