Sec. 5.
Purchase of works. The commission is hereby authorized to acquire by purchase whenever it shall deem such purchase expedient, but solely by means of or with the proceeds of revenue bonds hereinafter authorized, any public works hereinabove specified, or any such works wholly or partly constructed, and any franchises, easements, permits and contracts for the construction of any such works, upon such terms and at such prices as may be considered by it to be reasonable and can be agreed upon between it and the owner thereof, title thereto to be taken in the name of the state.
History: 1935, Act 147, Imd. Eff. June 4, 1935 ;-- CL 1948, 254.155
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.