Sec. 5.
So much of the estate, both real and personal, as is owned by such township or townships shall be exempt from taxes, but all improvements under lease for private use shall be liable to be taxed.
History: 1905, Act 157, Eff. Sept. 16, 1905 ;-- CL 1915, 2196 ;-- CL 1929, 2404 ;-- CL 1948, 41.425
Structure Michigan Compiled Laws
Act 157 of 1905 - Township Parks and Places of Recreation (41.421 - 41.429)
Section 41.424 - Township Parks; Plan for Acquisition, Specifications; Referendum, Adoption, Record.
Section 41.425 - Exemption From Taxation.
Section 41.425a - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.
Section 41.426a - Township Park Commission; Authority Generally.
Section 41.426c - Budget; Limitation; Assessment, Levy, and Collection of Tax.
Section 41.426d - Township Bonds; Acquisition of Lands for Parks and Places of Recreation; Payment.
Section 41.426e - Sale or Conveyance of Portions of Land Not Needed.
Section 41.426f - Annual Report.
Section 41.426g - Township Park Commission; Dissolution; Procedures.
Section 41.426h - Township Park Commission; Dissolution; Validation; Ratification.
Section 41.427 - Conveyances to and Duties of Board of County Park Trustees.
Section 41.428 - Appropriation; Purpose; Contribution to Park Commission.