MCL - Act 265 of 1988
AN ACT to authorize district libraries to acquire, construct, or furnish real or personal property for use for library purposes; to authorize district libraries to borrow money and issue bonds and notes and refunding bonds and notes for those acquisitions; and to authorize district libraries to levy a tax for, and to pledge their full faith and credit to, the payment of contracts, bonds, and notes.
History: 1988, Act 265, Imd. Eff. July 15, 1988
| Document | Type | Description |
|---|---|---|
| Section 397.281 | Section | Short title. |
| Section 397.282 | Section | Definitions. |
| Section 397.283 | Section | Powers of board. |
| Section 397.284 | Section | Limitation on borrowing money or issuing bonds or notes; conditions to issuance of general obligation unlimited tax bonds; ballot question. |
| Section 397.285 | Section | Issuance of limited tax bonds or notes by resolution. |
| Section 397.286 | Section | Repealed. 1989, Act 25, Imd. Eff. May 22, 1989. |
| Section 397.287 | Section | Bonds as debt of district library; withdrawal of participating municipality from district library. |
| Section 397.288 | Section | Authorization and levy of taxes to pay principal of and interest on bonds. |
| Section 397.289 | Section | Bonds subject to revised municipal finance act. |
| Section 397.290 | Section | Submission of proposal to issue bonds; limitation. |