Michigan Compiled Laws
38-1969-3 - Chapter 3 (331.51...331.63)
Section 331.62 - Issuance of New Bonds.

Sec. 32.
If it considers refunding expedient, a local authority may periodically issue bonds to refund or refund in advance bonds or notes issued by the local authority, any other local authority, or the state authority, by the issuance of new bonds pursuant to the requirements of sections 43a to 43g.
History: 1969, Act 38, Imd. Eff. July 14, 1969 ;-- Am. 1978, Act 277, Imd. Eff. July 3, 1978

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 331 - Hospitals

Act 38 of 1969 - Hospital Finance Authority Act (331.31 - 331.84)

38-1969-3 - Chapter 3 (331.51...331.63)

Section 331.51 - Incorporation of Local Hospital Authority; Purposes.

Section 331.52 - Local Authority; Articles of Incorporation, Adoption, Certificate Form.

Section 331.53 - Local Authority; Articles, Contents.

Section 331.54 - Local Authority; Articles, Execution, Filing, Publication; Validity of Incorporation.

Section 331.55 - Local Authority; Articles, Amendment.

Section 331.56 - Local Authority as Public Body Corporate; Enumeration of Powers; General Powers Not Limited; Conducting Business at Public Meeting; Notice.

Section 331.57 - Powers of Local Authority.

Section 331.57a - Hospital Loan From Local Authority; Purpose; Requirements; Security; Appointment of Receiver; Limitation on Loan; Repayment; Interest.

Section 331.58 - Power of Local Authority to Borrow Money and Issue Negotiable Bonds; Purpose; Payment of Principal and Interest; Bond or Coupon Not General Obligation or Debt.

Section 331.59 - Contents of Resolution Authorizing Bonds.

Section 331.60 - Additional Provisions of Resolution Authorizing Bonds.

Section 331.61 - Local Authority; Bonds, Enforcement of Payment, Validity, Publication.

Section 331.62 - Issuance of New Bonds.

Section 331.63 - Local Authority; Conveyance of Hospital Facilities.