Sec. 5.
For the purpose of defraying the cost of purchasing, acquiring, constructing, improving, installing, extending, enlarging, adjusting and/or repairing a garbage disposal equipment system, any city or village may issue self-liquidating bonds in accordance with the provisions of Act No. 94 of the Public Acts of 1933, as amended, being sections 141.101 to 141.139, inclusive, of the Compiled Laws of 1948. Such bonds shall not impose any liability upon the city or village, but shall be secured only by the revenues from the garbage disposal equipment system.
History: 1951, Act 266, Eff. Sept. 28, 1951
Structure Michigan Compiled Laws
Chapter 123 - Local Government
Act 266 of 1951 - The Garbage Disposal Act (123.361 - 123.374)
Section 123.361 - Garbage Disposal Act; Short Title.
Section 123.365 - Self-Liquidating Bonds, Secured by Revenues; Liability.
Section 123.366 - Preliminary Expense; Appropriation, Repayment.
Section 123.367 - Use of Money Received From Sale of Bonds.
Section 123.368 - Free Service Prohibited.
Section 123.369 - Additional Bonds; Negotiation.
Section 123.371 - Service Rates Fixed by Ordinance; Supervision and Regulation.