MCL - Act 235 of 1947
AN ACT to regulate the ownership, extension, improvement and operation of public water and sewage disposal systems lying within 2 or more public corporations; to authorize the acquisition, by any public corporation, of that part of a public water or sewage disposal system lying within its boundaries; and to provide for the payment and security of revenue bonds issued for the construction, acquisition, extension and improvement of such systems.
History: 1947, Act 235, Eff. Oct. 11, 1947
| Document | Type | Description |
|---|---|---|
| Section 123.331 | Section | Public corporation; definition. |
| Section 123.332 | Section | Water and sewage disposal system; acquisition through change of boundaries; referendum. |
| Section 123.333 | Section | Disposal system; electors' approval; ordinance. |
| Section 123.334 | Section | Disposal system; joint board or commission, control; members, election. |
| Section 123.335 | Section | Disposal system; alternative plans for division or operation. |
| Section 123.336 | Section | Disposal system; retirement of bonds; noncallable bonds; bond and interest redemption fund; payment priority; bonds subject to revenue bond act of 1933. |
| Section 123.337 | Section | Disposal system; operation as a single unit; segregation and disposition of revenues, retirement of bonds. |
| Section 123.338 | Section | Disposal system; operation as a separate unit after retirement of bonds; collection and disposition of revenues. |
| Section 123.339 | Section | Disposal system; division between public corporations; proportionate share of expenses or indebtedness. |
| Section 123.340 | Section | Disposal system; operation by joint board or agency as unit; fund payments; depreciation, contingent, and surplus funds; revised municipal finance act inapplicable. |
| Section 123.341 | Section | Disposal system; apportionment of revenues, debts, properties; realty, purchase, use. |
| Section 123.342 | Section | Disposal system provisions applicable. |
| Section 123.343 | Section | Disposal system; cumulative effect of act; repeal of authority granted by other law. |
| Section 123.344 | Section | Disposal system; joint acquisition by public corporations under other statutes; contracts. |
| Section 123.345 | Section | Disposal system; contracts for division of systems existing or to be acquired. |
| Section 123.346 | Section | Vote or proceeding by public corporation before effective date of act; validation. |
| Section 123.347 | Section | Act not deemed part of bondholders' contract; proceedings impairing contracts prohibited. |