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Michigan Compiled Laws Complete Through PA 357 & includes Initiated Law 1 of 2018
House: Adjourned until Tuesday, December 18, 2018 10:00:00 AM
Senate: Adjourned until Tuesday, December 18, 2018 10:00:00 AM

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Act 147 of 1935
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Act 147 of 1935

AN ACT authorizing the acquisition, improvement, construction, operation and maintenance of certain public works by the state; providing for the creation of the state bridge commission; authorizing the issuance of revenue bonds of the state payable solely from earnings to pay the cost of such works; making such bonds exempt from taxation and making them eligible for certain investments; providing for the collection of fees, rents, tolls and other charges for the payment of such bonds and for the cost of maintenance, operation and repair of the works; declaring that no debt of the state shall be incurred in the exercise of any of the powers granted by this act; and providing for condemnation.

History: 1935, Act 147, Imd. Eff. June 4, 1935

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 254.151SectionState bridge commission; issuance of revenue bonds for public works.
Section 254.152SectionState bridge commission; definitions.
Section 254.153SectionState bridge commission; membership, oath, bond.
Section 254.154SectionState bridge commission; acquisition of necessary property.
Section 254.155SectionState bridge commission; purchase of public works.
Section 254.156SectionImprovement of public works.
Section 254.157SectionConstruction of public works; agreements with other states and Canada.
Section 254.158SectionRevenue bonds for public works; sale, notice; signature; report to administrative board.
Section 254.159SectionLien on bond proceeds.
Section 254.160SectionTrust indenture; collateral security, surety bonds; expenses.
Section 254.161SectionRevenues; contracts with state highway department and Ontario; elimination of tolls.
Section 254.162SectionPowers of commission.
Section 254.163SectionAction by trustee and bondholders.
Section 254.164SectionAcceptance of contributions; use.
Section 254.165SectionCompeting ferries.
Section 254.166SectionAlternative methods of act.
Section 254.167SectionConstruction of act.
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