Sec. 8.
The said board of sinking fund commissioners shall have power and authority to bring suit for the purpose of enforcing the collection of any bonds or securities taken by it for the benefit of the sinking fund or for any purpose within the scope of their duties, but said suits shall be instituted and carried on in the name of the county.
History: 1923, Act 161, Eff. Aug. 30, 1923 ;-- CL 1929, 1253 ;-- CL 1948, 141.38
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.