Sec. 50162.
The bonds of a district shall be authorized by resolution adopted by a majority of the board. The bonds are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
History: Add. 1995, Act 57, Imd. Eff. May 24, 1995 ;-- Am. 2002, Act 222, Imd. Eff. Apr. 29, 2002 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 III - Natural Resources Management (324.30101...324.83109)
451-1994-III-2 - Chapter 2 Management of Renewable Resources (324.40101...324.53519)
451-1994-III-2-4 - Subchapter 4 Forests (324.50101...324.53519)
451-1994-III-2-4-THE-TIMBER-INDUSTRY - The Timber Industry (324.50101...324.50707)
451-1994-III-2-4-THE-TIMBER-INDUSTRY-501 - Part 501 Forest Improvements (324.50101...324.50166)
Section 324.50156 - Resolution Authorizing Bonds; Provisions.
Section 324.50159 - Statement of Liability on Face of Bond.
Section 324.50161 - Refunding Bonds.
Section 324.50163 - Pledge and Lien of Pledge Valid and Binding; Recordation Not Required.