Michigan Compiled Laws
3-1895-VIII - Chapter VIII Improvements and Assessments. (68.1...68.36)
Section 68.35 - Bonds.

Sec. 35.
The village council may borrow money and issue bonds of the village therefor in anticipation of the payment of special assessments in 1 or more special assessment districts, which bonds may be an obligation of the special assessment district or may be both an obligation of the special assessment district and a general obligation of the village. The village council may issue general obligation bonds to defray that portion of the cost and expense of a local public improvement chargeable to the village at large.
History: Add. 1974, Act 4, Imd. Eff. Jan. 30, 1974

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapters 61 - 75 - Villages

Act 3 of 1895 - The General Law Village Act (61.1 - 75.12)

3-1895-VIII - Chapter VIII Improvements and Assessments. (68.1...68.36)

Section 68.31 - Expense of Local Public Improvement or Repair; Special Assessments.

Section 68.32 - Ordinance Providing Special Assessment Procedure; Contents; Additional Assessments; Disposition of Excess Assessments; Payment of Future Due Installments.

Section 68.33 - Special Assessment as Lien and Debt; Collection.

Section 68.34 - Action to Contest Collection of Special Assessment; Illegal Assessment Roll.

Section 68.35 - Bonds.

Section 68.36 - Energy Conservation Improvements; Acquisition or Financing; Resolution; Payment; Scope of Improvements; Acquisition of Improvements by Contract, Lease-Purchase Agreement, or Notes; Reports; Forms; Terms of Lease-Purchase Agreement.