Sec. 6.
The board of sinking fund commissioners shall from time to time, but at least annually, and whenever requested by the board of supervisors, make report of the condition of the sinking fund, which report shall be made to the board of supervisors and then referred to and filed with the county clerk and be recorded by him. It shall recommend to the board of supervisors the sum of money that in its judgment should be raised by direct taxation for the benefit of the sinking fund.
History: 1923, Act 161, Eff. Aug. 30, 1923 ;-- CL 1929, 1251 ;-- CL 1948, 141.36
Structure Michigan Compiled Laws
Chapter 141 - Municipal Financing
Act 161 of 1923 - Board of Sinking Fund Commissioners (141.31 - 141.40)
Section 141.31 - Bond Issues; Requisite Sinking Funds.
Section 141.32 - Sinking Fund Commissioners.
Section 141.33 - Sinking Fund Commissioners; Control of Fund, Application; Payment, Manner.
Section 141.34 - Sinking Fund Commissioners; Handling of Funds, Investment; Bonded Debt.
Section 141.36 - Sinking Fund Commissioners; Condition Reports to Board; Tax Recommendations.
Section 141.37 - Bond Sale; Interest, Credit; Expenses of Commissioners.
Section 141.38 - Suit on Securities.
Section 141.39 - Saving Clause; Construction of Act.
Section 141.40 - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.