Michigan Compiled Laws
Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)
Section 124.456 - Articles of Incorporation; Contents.

Sec. 6.
The articles of incorporation shall state the name of the public authority; the name or names of the incorporating authority or the incorporating political subdivisions; the portion of an incorporating city, village, or township to become part of the public authority, if less than the entire city, village, or township is to become part of the public authority; the purposes for which it is formed; the power, duties, and limitations of the public authority and its officers; the composition and method of selecting its governing body and officers; the person or persons charged with the responsibility of causing the articles of incorporation to be published and the printed copies of the articles of incorporation to be filed as provided in this act; the method of amending the articles of incorporation; and any other matters which the incorporators consider advisable.
History: 1986, Act 196, Imd. Eff. July 10, 1986

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 124 - Municipalities

Act 196 of 1986 - Public Transportation Authority Act (124.451 - 124.479)

Section 124.451 - Short Title.

Section 124.452 - Definitions.

Section 124.453 - Public Authority; Formation Generally; Membership; Articles of Incorporation; Approval.

Section 124.454 - Public Authority; Formation by Political Subdivision; Articles of Incorporation.

Section 124.455 - Articles of Incorporation; Endorsement as Evidence of Adoption; Publication; Filing; Operative Public Authority; Effective Date of Articles; Validity of Incorporation Conclusively Presumed; Exception.

Section 124.456 - Articles of Incorporation; Contents.

Section 124.457 - Membership After Formation of Public Authority; Resolution; Approval, Execution, Filing, and Publication of Amendment to Articles.

Section 124.458 - Conditions to Release From Membership in Public Authority; Taxes; Transportation Services; Evidence of Release; Withdrawal From Public Authority; Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties; Notice.

Section 124.459 - Tax Limitations.

Section 124.460 - Validation and Ratification of Acts Taken Before Effective Date of Act.

Section 124.461 - Assumption, Transfer, Assignment, or Conveyance of Tax Revenues, Property, Rights, Duties, and Obligations.

Section 124.462 - Powers of Public Authority Generally; Public Authority as Public Benefit Agency and Instrumentality of State.

Section 124.463 - Additional Powers of Public Authority.

Section 124.464 - Additional Powers of Public Authority.

Section 124.465 - Collective Bargaining Agreements; Employees Entering Military Service.

Section 124.466 - Exemption of Public Authority From Certain Acts in Exercise of Powers.

Section 124.467 - Public Transportation Service; Financing.

Section 124.468 - Tax Levy; Collection.

Section 124.469 - Additional Tax Levy.

Section 124.470 - Contract With Public Authority to Make Payments, Appropriations, or Contributions; Pledge of Full Faith and Credit; Tax Levy; Execution of Contract.

Section 124.471 - Duties of Public Authority.

Section 124.472 - Notes and Bonds Generally.

Section 124.473 - Notes and Bonds; Additional Provisions; Tax Exemption; Advancing Money or Delivering Property to Carry Out Powers and Duties; Repayment or Payment.

Section 124.474 - Loans.

Section 124.475 - Revenues Pledged for Payment of Debt Service on Bonds or Notes Subject to Statutory Lien; Substitution of Other Security.

Section 124.476 - Investments; Use of Investment Income.

Section 124.477 - Notes and Bonds as Securities.

Section 124.478 - Validation and Ratification of Prior Acts.

Section 124.479 - Duration of Financial Obligation.