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Michigan Legislature
Michigan Compiled Laws Complete Through PA 93 of 2019
House: Adjourned until Wednesday, November 20, 2019 10:00:00 AM
Senate: Adjourned until Wednesday, November 20, 2019 10:00:00 AM

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Act 161 of 1923
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Act 161 of 1923

AN ACT to provide for the establishment of county sinking funds and to create a county sinking fund commission; to prescribe the powers and duties thereof; to prescribe penalties and provide remedies; and to repeal all acts and parts of acts contravening the provisions of this act.

History: 1923, Act 161, Eff. Aug. 30, 1923 ;-- Am. 1998, Act 163, Eff. Mar. 23, 1999

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 141.31SectionBond issues; requisite sinking funds.
Section 141.32SectionSinking fund commissioners.
Section 141.33SectionSinking fund commissioners; control of fund, application; payment, manner.
Section 141.34SectionSinking fund commissioners; handling of funds, investment; bonded debt.
Section 141.35SectionSinking fund commissioners; annual meeting, procedure; rules; authorizing vote; clerk, records.
Section 141.36SectionSinking fund commissioners; condition reports to board; tax recommendations.
Section 141.37SectionBond sale; interest, credit; expenses of commissioners.
Section 141.38SectionSuit on securities.
Section 141.39SectionSaving clause; construction of act.
Section 141.40SectionViolation of MCL 168.1 to 168.992 applicable to petitions; penalties.
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