Sec. 9.
All lots or plots sold shall be assessed and taxed to the owners and holders thereof, and sold in default of the payment of taxes, in like manner as provided by law for the taxation and sale of other real estate; and in case of any such sale the trustees of the association may purchase such lots or plots upon the same terms and conditions, and with like effect as in case of individual or other bidders.
History: 1887, Act 69, Imd. Eff. Apr. 15, 1887 ;-- How. 3983f-9 ;-- CL 1897, 7662 ;-- CL 1915, 10093 ;-- CL 1929, 10358 ;-- CL 1948, 455.109
Structure Michigan Compiled Laws
Chapter 455 - Summer Resort and Park Associations
Act 69 of 1887 - Suburban Homestead, Villa Park, and Summer Resort Associations (455.101 - 455.113)
Section 455.103 - Corporate Powers; Articles, Certified Copy as Evidence; Trustees, Powers.
Section 455.105 - Trustees; Election, Vacancy.
Section 455.106 - Lots and Plots; Proceeds of Sale, Disposition.
Section 455.107 - Lots and Plots; Purchase Agreement.
Section 455.108 - Lots and Plots; Plot Prerequisite to Sale.
Section 455.109 - Lots and Plots; Tax Assessment; Sale for Taxes, Association as Purchaser.
Section 455.110 - Annual Report to Lot Owners; Special Election, Trustees, Appointment, Term.
Section 455.111 - Property; Injury, Penalty; Trespass Action.
Section 455.112 - Property; Acceptance of Gift, Devise or Bequest; Holding.
Section 455.113 - Repeal or Amendment of Act; Dissolution; Effect.