Sec. 4507.
Bonds issued under former Act No. 76 of the Public Acts of 1968 or this part are securities in which all banks, bankers, savings banks, trust companies, savings and loan associations, investment companies, and other persons carrying on a banking business; all insurance companies, insurance associations, and other persons carrying on an insurance business; and all administrators, executors, guardians, trustees, and other fiduciaries may properly and legally invest any funds, including capital, belonging to them or within their control.
History: Add. 1995, Act 60, Imd. Eff. May 24, 1995 Popular Name: Act 451Popular Name: NREPA
Structure Michigan Compiled Laws
Chapter 324 - Natural Resources and Environmental Protection
Act 451 of 1994 - Natural Resources and Environmental Protection Act (324.101 - 324.90106)
Article II - Pollution Control (324.3101...324.21563)
451-1994-II-1 - Chapter 1 Point Source Pollution Control (324.3101...324.6539)
Section 324.4501 - “Municipality” Defined.
Section 324.4502 - Legislative Determinations.
Section 324.4503 - Bond Issuance; Authorization; Amount; Purpose.
Section 324.4504 - Bonds; Issuance in Series; Resolution of Administrative Board; Sale of Bonds.
Section 324.4505 - Revenues; Disposition.
Section 324.4506 - Bonds; Negotiability; Tax Exempt.
Section 324.4507 - Legal Investments.
Section 324.4508 - Bonds; Question; Submission to Electors; Ballot; Form.
Section 324.4509 - Submission to Electors.
Section 324.4510 - Bonds; Appropriation to Make Prompt Payment.