Michigan Compiled Laws
206-1893-ACCOUNTS-AND-SETTLEMENT-THEREOF. - Accounts and Settlement Thereof. (211.87...211.91)
Section 211.87g - Contract for Registration of Notes With Bank or Trust Company; Provisions; Delivery of Notes to Depository Trustee; Authentication; Issuance of Registered Notes Without Actual or Facsimile Seal or Signature of Treasurer.

Sec. 87g.
If the borrowing resolution so provides, any county treasurer may enter into a contract for the registration of notes with a bank or trust company having trust powers which may include provisions governing the issuance, reissuance, transfer, or exchange of notes on behalf of the county by the bank or trust company. Where a treasurer pursuant to such a contract delivers an original note or notes for such issue to a bank or trust company acting as a depository trustee with the understanding that the depository trustee will make appropriate book entries showing the holders of such notes, the bank or trustee by authentication shall, notwithstanding section 87c, be empowered to issue fully registered notes to the owners thereof on behalf of the treasurer without placing the actual or facsimile seal or signature of the treasurer thereon. A bank or trust company acting as registrar or depository trustee may authenticate notes by facsimile signature of an authorized officer or employee of the bank or trust company.
History: Add. 1983, Act 187, Imd. Eff. Oct. 26, 1983 Popular Name: Act 206

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 211 - Taxation of Real and Personal Property

Act 206 of 1893 - The General Property Tax Act (211.1 - 211.157)

206-1893-ACCOUNTS-AND-SETTLEMENT-THEREOF. - Accounts and Settlement Thereof. (211.87...211.91)

Section 211.87 - Adjustment of Accounts; Statement of Account; Interest on Delinquent Payments; Charge Back Lists.

Section 211.87a - Detailed Statement of Delinquent Taxes to School District; Contents; City or Township Treasurer; Duty.

Section 211.87b - Delinquent Tax Revolving Fund; Creation; Designation; Payments; Commingled Money, Property, or Assets; Recovery of Delinquent Taxes and Interest; Reduction of Interest Rate; Lien; Validation and Confirmation of Resolution or Agreeme...

Section 211.87c - Delinquent Tax Revolving Fund; Resolution Authorizing Borrowing and Issuance of Notes; Amounts; Limitation; Pledge of Delinquent Taxes; Segregated Fund or Account; Disposition of Note Proceeds; Requirements as to Notes and Resolutio...

Section 211.87d - Submitting to Voters Question of Issuing Revolving Fund Notes at General or Special Election; Establishment of Revolving Fund; Limitation; Form of Question; Issuance of Notes; Issuance of General Obligation Tax Notes Secured by Deli...

Section 211.87e, 211.87f - Repealed. 2002, Act 165, Imd. Eff. Apr. 11, 2002.

Section 211.87f - Delinquent Tax Revolving Fund; Continuation; Resolution; Designation; Commingled Money, Property, or Assets; Right, Title, or Interest of County; Right of Recourse; Interest Rate; Lien; Validation and Confirmation of Resolution or A...

Section 211.87g - Contract for Registration of Notes With Bank or Trust Company; Provisions; Delivery of Notes to Depository Trustee; Authentication; Issuance of Registered Notes Without Actual or Facsimile Seal or Signature of Treasurer.

Section 211.88 - Repealed. 2001, Act 94, Eff. Dec. 31, 2003.

Section 211.89 - Provisions Applicable for Time Period Prescribed in Subsection (2); Applicability of Subsection (1).

Section 211.89a - City With Population of 600,000 or More; Return of Uncollected Delinquent Taxes to County Treasurer; Personal Liability; Right of City to Bring in Personam Action; Remittance by County Treasurer.

Section 211.89b - City With Population of 600,000 or More; Taxes Levied After December 31, 2003.

Section 211.89c - Solid Waste Fee; Treatment as Delinquent; Applicability of Section; "Solid Waste Fee" Defined.

Section 211.89d - Return of Uncollected Delinquent Taxes Levied on Real Property After December 31, 2008; Return of Uncollected Delinquent Taxes Levied on Real Property Prior to December 31, 2008; Personal Liability; Right of City to Bring in Persona...

Section 211.89e - Return of Uncollected Delinquent Taxes Levied on Personal Property After December 31, 2008; Return of Uncollected Delinquent Taxes Levied on Personal Property Prior to December 31, 2008; Collection of Taxes; Provisions; Definitions.

Section 211.90 - Compensation and Expenses; Payment.

Section 211.91 - Losses by Default; Allocation.