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Michigan Legislature
Michigan Compiled Laws Complete Through PA 123 of 2019
House: Adjourned until Tuesday, December 10, 2019 1:30:00 PM
Senate: Adjourned until Tuesday, December 10, 2019 10:00:00 AM


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Act 321 of 1909
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DEPOSIT AND SAFEGUARDING OF PUBLIC MONEYS OF VILLAGE

Act 321 of 1909

AN ACT to provide for the depositing and safeguarding of public moneys belonging to villages within the state of Michigan.


History: 1909, Act 321, Eff. Sept. 1, 1909


© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

DocumentTypeDescription
Section 129.41SectionPublic funds of incorporated village; deposit; secured deposits; limitation on acceptable assets; warrants and orders; profits; liability for loss; ordinance or resolution; conduct and inspection of proceedings; accrual of profits to village general fund.
Section 129.42SectionSecurity for deposit prohibited.
Section 129.43SectionLimitation on deposit of additional public funds.
Section 129.44Section“Deposit” defined.
Section 129.45Section“Financial institution” defined.
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