Sec. 1.
The board of supervisors of any county are hereby authorized to levy a tax of not to exceed 2 mills on the assessed valuation of said county each year for a period of not to exceed 10 years, for the purpose of creating a sinking fund to be used for the purchase of real estate for sites for, and the construction or repair of public buildings; provided the proposition of levying such tax to create such sinking fund shall be submitted to the electors of the county and approved by a majority of those voting thereon in the manner provided in this act.
History: 1926, Ex. Sess., Act 14, Imd. Eff. Mar. 13, 1926 ;-- CL 1929, 1256 ;-- CL 1948, 141.51
Structure Michigan Compiled Laws
Chapter 141 - Municipal Financing
Act 14 of 1926 (Ex. Sess.) - Sinking Fund for Public Buildings (141.51 - 141.55)
Section 141.51 - Creation of Sinking Fund for Public Buildings and Sites; Tax Referendum.
Section 141.52 - Tax Referendum Procedure.
Section 141.53 - Requisite Notices.
Section 141.54 - Ballots; Form, Contents, Distribution, Counting; Authorizing Vote; Levy.