Michigan Compiled Laws
Act 99 of 1954 - International Bridge Authority (254.221 - 254.240)
Section 254.230 - Bonds; Negotiable Instruments.

Sec. 10.
Notwithstanding any of the foregoing provisions of this act or any recitals in any bonds issued under the provisions of this act, all such bonds shall be deemed to be negotiable instruments under the laws of this state.
History: 1954, Act 99, Imd. Eff. Apr. 12, 1954

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 254 - Bridges

Act 99 of 1954 - International Bridge Authority (254.221 - 254.240)

Section 254.221 - International Bridge Authority; Definitions.

Section 254.222 - Revenue Bonds; Statement, Expenses.

Section 254.223 - International Bridge Authority; Powers and Duties; Value of Assets; Efficiencies.

Section 254.223a - Expenditure From Bridge Revenues; Purposes; Payment.

Section 254.224 - Real Property; Purchase and Conveyance by City of Sault Ste. Marie; Condemnation Proceedings; Title; Removal of Property.

Section 254.225 - Revenue Bonds; Issuance, Principal and Interest Payments, Date, Form, Signatures, Coupon or Registered, Sale, Approval, Proceeds, Use; Interim Receipts or Temporary Bonds.

Section 254.226 - Revenue Bonds; Secured by Trust Agreement, Pledge, Provisions, Indemnifying Bonds, Expenses, Approval.

Section 254.227 - Tolls; Collection; Contracts With Public Utilities; Appropriation of Revenue; Supervision and Regulation; Sinking Fund; Pledge.

Section 254.228 - Trust Funds; Depository Acting as Trustee.

Section 254.229 - Trust Agreement or Resolution; Enforcement.

Section 254.230 - Bonds; Negotiable Instruments.

Section 254.231 - Purpose of Project; Taxation.

Section 254.232 - Bonds Made Securities.

Section 254.233 - Revenue Refunding Bonds; Purpose, Regulation.

Section 254.234 - Vehicular Traffic Facilities; Covenant With Bondholders; Limitations.

Section 254.235 - Authorization for Action; Project Maintenance and Operation, Report to Governor, Failure to Pay Tolls, Surveying.

Section 254.236 - Bonds; Final Payment; Disposition of Property; Dissolution of Authority; Assumption of Powers and Responsibilities; Use of Property and Funds; Surveys and Studies; Availability of Data.

Section 254.237 - Powers; Supplemental and Additional.

Section 254.238 - Construction of Act.

Section 254.239 - Repealed. 2000, Act No. 243, Imd. Eff. June 29, 2000.

Section 254.240 - Repeal.