Michigan Compiled Laws
Act 214 of 1952 - Mackinac Bridge Authority (254.311 - 254.332)
Section 254.312 - Mackinac Bridge Authority; Corporate Existence, Terms.

Sec. 2.
The corporate existence of the authority shall continue until all of its liabilities have been met and the bonds, including refunding bonds, have been paid in full or otherwise discharged and when all such liabilities and bonds have been discharged in full, all rights and properties of the authority shall pass to and be vested in the state.
History: 1952, Act 214, Imd. Eff. Apr. 30, 1952

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 254 - Bridges

Act 214 of 1952 - Mackinac Bridge Authority (254.311 - 254.332)

Section 254.311 - Mackinac Bridge Authority; Definitions; Scope of Act.

Section 254.312 - Mackinac Bridge Authority; Corporate Existence, Terms.

Section 254.313 - Repealed. 2005, Act 331, Imd. Eff. Dec. 28, 2005.

Section 254.314 - Mackinac Bridge Authority; Bridge Construction, Bond Proceeds; Property Acquisition and Condemnation, Surveys, Easements.

Section 254.315 - Revenue Bonds; Purposes; Sale or Exchange of Refunding Bonds; Contracts for Fiscal Agents' Services; Payment of Principal, Interest, and Redemption Premiums; Serial Bonds or Term Bonds; Statement; Signatures; Negotiability; Tax Exem...

Section 254.316 - Mackinac Bridge Authority; Security, Trust Indenture; Authority, Duties; Annual Audit; Depository; Collateral Security; Approval.

Section 254.317 - Mackinac Bridge Authority; Bridge Construction, Tolls, Utility Lines, Lease; Appropriation, Sale or Lease; Revenues, Priority.

Section 254.318 - Mackinac Bridge Authority; Grants or Donations.

Section 254.319 - Unauthorized Indebtedness to State.

Section 254.320 - Scope of Act.

Section 254.321 - Board and State Highway Department; Authority.

Section 254.322 - Use of Bridge; Payment of Tolls; Authorized Emergency Vehicles; Violation as Misdemeanor; Penalty.

Section 254.323 - Federal Government Approvals.

Section 254.324 - Mackinac Straits Corridor Authority; Definitions.

Section 254.324a - Mackinac Bridge Authority; Utility Tunnel; Service Rates; Duties; Powers; Property Exempt From Taxes.

Section 254.324b - Mackinac Straits Corridor Authority; Duties; Corridor Authority Board; Members; Terms; Powers.

Section 254.324c - Straits Protection Fund.

Section 254.324d - Transfer of Funds, Duties, and Powers Related to Utility Tunnel to Corridor Authority Board; Report; Tunnel Agreement; Findings Required; Representation by Attorney General.

Section 254.324e - Funding From Any Source Other Than Straits Protection Fund; Agreement to Accept Liability of Utility Equipment by User of Utility Tunnel; Prohibited.

Section 254.325 - Construction of Act.

Section 254.326 - Contracts, Books, Maps; Delivery to Authority.

Section 254.327 - Declared Public Purpose; Tax Exemption.

Section 254.328 - Authority's Rights Not Limited or Altered; Competitive Vehicular Traffic Services.

Section 254.329 - Bondholders' Rights; Enforcement Actions.

Section 254.330 - Operation of Ferries.

Section 254.331 - Inconsistent Acts.

Section 254.332 - Expenditure of Funds for Construction of State Police Post; Lease Agreement; Payments; Expiration or Termination of Lease; Use.