Sec. 8.
After all outstanding bonds have been paid or their priority secured as aforesaid, or have been retired by the issue of separate refunding bonds, by the several public corporations, jointly or severally, or by the assumption by each of its proportion thereof, any public corporation shall have the right to take over the ownership and operation of that part of the system lying within its boundaries and the collection and disposition of the revenues derived therefrom, subject to such conditions as will secure to all the subdivisions the connections, flowage rights and other facilities necessary to the operation of their respective systems.
History: 1947, Act 235, Eff. Oct. 11, 1947 ;-- CL 1948, 123.338
Structure Michigan Compiled Laws
Chapter 123 - Local Government
Act 235 of 1947 - Joint Water and Sewage Disposal System (123.331 - 123.347)
Section 123.331 - Public Corporation; Definition.
Section 123.333 - Disposal System; Electors' Approval; Ordinance.
Section 123.334 - Disposal System; Joint Board or Commission, Control; Members, Election.
Section 123.335 - Disposal System; Alternative Plans for Division or Operation.
Section 123.342 - Disposal System Provisions Applicable.
Section 123.345 - Disposal System; Contracts for Division of Systems Existing or to Be Acquired.
Section 123.346 - Vote or Proceeding by Public Corporation Before Effective Date of Act; Validation.