Sec. 6.
The bonds may provide that they may be called for redemption prior to the maturity date, on interest payment dates not earlier than 1 year from the date of issuance of the bonds, at a price and under conditions fixed by the governing body before issuing the bonds.
History: 1963, Act 62, Imd. Eff. May 8, 1963 ;-- Am. 1966, Act 340, Imd. Eff. Sept. 21, 1966
Structure Michigan Compiled Laws
Chapter 125 - Planning, Housing, and Zoning
Act 62 of 1963 - Industrial Development Revenue Bond Act of 1963 (125.1251 - 125.1267)
Section 125.1251 - Legislative Determination; Short Title.
Section 125.1252 - Definitions.
Section 125.1253 - Powers of Municipality Generally.
Section 125.1255 - Resolution Authorizing Issuance of Bonds; Contents.
Section 125.1256 - Redemption of Bonds.
Section 125.1257 - Default; Receiver.
Section 125.1258 - Repealed. 1966, Act 340, Imd. Eff. Sept. 21, 1966.
Section 125.1259 - Additional Bonds; Refunding Bonds.
Section 125.1260 - Cost of Project.
Section 125.1261 - Taxation of Lessee; Liens; Recovery.
Section 125.1262 - Referendum; Intention to Issue Bonds.
Section 125.1262a - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.
Section 125.1264 - Sale of Bonds.
Section 125.1265 - Municipalities; Powers as to Industrial Buildings and Machinery.