Sec. 13.
The authority is hereby authorized to provide for the issuance of revenue refunding bonds of the authority for the purpose of refunding any bonds then outstanding which shall have been issued under the provisions of this act, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of such bonds, and, if deemed advisable by the authority, for the additional purpose of constructing improvements to the project. The issuance of such bonds, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties and obligations of the authority in respect of the same, shall be governed by the provisions of this act insofar as the same may be applicable.
History: 1954, Act 99, Imd. Eff. Apr. 12, 1954
Structure Michigan Compiled Laws
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 254.228 - 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 254.237 - Powers; Supplemental and Additional.
Section 254.238 - Construction of Act.
Section 254.239 - Repealed. 2000, Act No. 243, Imd. Eff. June 29, 2000.