Sec. 10.
All lands acquired by any corporation organized under this act or subject to its control and management shall be held in trust as aforesaid for public parks, playgrounds, boulevards and pleasure drives for the recreation, health, welfare and benefit of the public and shall be free to all persons, subject to such necessary and reasonable rules and regulations as shall, from time to time, be adopted for the well-ordering and government thereof. And all such lands and personal property so held in trust for such purposes shall be exempt from taxation.
History: 1911, Act 161, Eff. Aug. 1, 1911 ;-- CL 1915, 10139 ;-- CL 1929, 10397 ;-- CL 1948, 455.310
Structure Michigan Compiled Laws
Chapter 455 - Summer Resort and Park Associations
Act 161 of 1911 - Parks, Playgrounds, Drives, and Boulevards (455.301 - 455.313)
Section 455.301 - Parks, Playgrounds, Drives and Boulevards; Incorporation, Purpose.
Section 455.302 - Articles of Association; Acknowledgment, Contents.
Section 455.303 - Filing Articles of Association With Department of Commerce.
Section 455.304 - Body Corporate; Powers.
Section 455.305 - Corporation; Shares of Stock; Directors, Election, Terms, Powers.
Section 455.307 - Corporation; Powers; Condemnation.
Section 455.308 - Municipal Corporation; Transfer of Realty, Revocation.
Section 455.309 - Municipal Corporation; Aid.
Section 455.310 - Lands Held in Trust; Free Access, Tax Exemption.
Section 455.311 - Trustees; Court Appointment.