MCL - Act 55 of 1963


Act 55 of 1963

AN ACT to provide for the incorporation of public authorities to acquire, own, and operate or cause to be operated mass transportation systems; to require the state to guarantee payment of certain claims against certain transportation authorities and to give the state a lien in satisfaction of payment; to prescribe the rights, powers, and duties of those public authorities; to provide for the issuance of bonds; to provide for the levy and collection of certain taxes; and to authorize contracts between those authorities and either public or private corporations to carry out the operation of those mass transportation systems.

History: 1963, Act 55, Imd. Eff. Apr. 29, 1963 ;-- Am. 1980, Act 397, Imd. Eff. Jan. 8, 1981 ;-- Am. 1980, Act 410, Imd. Eff. Jan. 9, 1981

The People of the State of Michigan enact:
Document Type Description
Section 124.351 Section Definitions.
Section 124.352 Section Incorporation of public authority; purpose; operation of system; articles of incorporation; adoption; indorsement; publication; filing; operative date; presumption of validity; cessation of operation or dissolution of authority; state guaranteed payment of claims for benefits; lien of state.
Section 124.352a Section Release of political subdivision from membership in authority; conditions; levy and payment of tax; evidence of release.
Section 124.353 Section Articles of incorporation; contents.
Section 124.354 Section Authority as body corporate; powers.
Section 124.354a Section Eligibility of public authority to apply for and receive funds under MCL 247.660e.
Section 124.355 Section Authority as body corporate; property; condemnation.
Section 124.356 Section Fares; contracts.
Section 124.357 Section Self-liquidating revenue bonds; issuance; source of payment; property tax; limitation; election; resolution; submitting proposition to electors; conduct; canvass; costs; tax rate; levy and collection.
Section 124.357a Section Authority; tax limitations.
Section 124.358 Section Property owned by authority; exemption from taxes or special assessments for municipal services.
Section 124.359 Section Additional powers.