Sec. 9.
Any city or village issuing bonds pursuant to the provisions of this act may, at the time of the authorization of such bonds, provide by ordinance for the issuance of additional bonds of equal standing in the event the bonds first authorized shall prove insufficient or in the event subsequent extension, enlargement, improvement and/or repair is deemed advisable, which said additional bonds may be negotiated from time to time as the proceeds therefrom may be necessary for such purposes.
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.