Sec. 1.
Issuance of revenue bonds for public works. The state bridge commission hereinafter created is hereby authorized and empowered to acquire by purchase and to construct, or partly acquire and partly construct, and to improve, enlarge, reconstruct, own, equip, operate and maintain the public works hereinafter specified, and to issue revenue bonds, payable solely from earnings, to pay the cost of such works.
History: 1935, Act 147, Imd. Eff. June 4, 1935 ;-- CL 1948, 254.151 Compiler's Notes: The catchlines following the act sections numbers were incorporated as part of the act as enacted.By Act 302 of 1931 the state gave its consent to the construction of a bridge across the Saint Clair river at or near Port Huron by the Great Lakes bridge commission, created by act of congress.The state bridge commission, referred to in this act, was transferred to the department of state highways and transportation and abolished by MCL 16.456.
Structure Michigan Compiled Laws
Act 147 of 1935 - State Bridge Commission; Public Works (254.151 - 254.167)
Section 254.151 - State Bridge Commission; Issuance of Revenue Bonds for Public Works.
Section 254.152 - State Bridge Commission; Definitions.
Section 254.153 - State Bridge Commission; Membership, Oath, Bond.
Section 254.154 - State Bridge Commission; Acquisition of Necessary Property.
Section 254.155 - State Bridge Commission; Purchase of Public Works.
Section 254.156 - Improvement of Public Works.
Section 254.157 - Construction of Public Works; Agreements With Other States and Canada.
Section 254.159 - Lien on Bond Proceeds.
Section 254.160 - Trust Indenture; Collateral Security, Surety Bonds; Expenses.
Section 254.162 - Powers of Commission.
Section 254.163 - Action by Trustee and Bondholders.
Section 254.164 - Acceptance of Contributions; Use.
Section 254.165 - Competing Ferries.