Sec. 6.
On a township board's own motion or after an application has been filed with the township board signed by at least 20% of the registered electors of the township, and subject to the referendum required in section 6a, the township board of an organized township may borrow money, not exceeding 5% of the assessed valuation of the township according to the assessed valuation of all the real and personal property of the township for the preceding December 31, on the faith and credit of the township. The township may issue bonds for the repayment of money borrowed under this section. The money borrowed shall be used for 1 or more of the following purposes:
(a) Acquiring a site for, erecting, and furnishing a town hall, fire station, or library.
(b) Making additions and improvements to an existing site, town hall, fire station, library, or other township public building.
(c) Purchasing and furnishing a building to be used for a town hall, fire station, library, or other township public building.
History: Add. 1989, Act 82, Imd. Eff. June 20, 1989
Structure Michigan Compiled Laws
Act 116 of 1923 - Township and Village Public Improvement and Public Service Act (41.411 - 41.419)
Section 41.413b - Lighting in Residential Areas; Special Assessments; Basis.
Section 41.415 - Special Assessments Levied Against Platted Corner Lots; Payment by Township.
Section 41.416b - Conduct of Election; Canvass of Vote.
Section 41.416c - Issuance and Sale of Bonds in Conformity With Revised Municipal Finance Act.
Section 41.416d - Levy and Collection of Tax.
Section 41.416e - Tax for Maintenance, Upkeep, or Repair of Public Buildings.
Section 41.417a - Township or Village Scales.
Section 41.418 - Weed Control.
Section 41.418a - Control of Weeds in Inland Public Lakes.
Section 41.418b - Use of Pesticide for Weed Control in Inland Lake; “Pesticide” Defined.