Michigan § 141.222 Municipal borrowing; bus and street railway transportation or water supply utility purposes.

Michigan Statutes

§ 141.222 — Municipal borrowing; bus and street railway transportation or water supply utility purposes.

Michigan § 141.222

Ch. 141MUNICIPAL FINANCING

Act 79 of 1937MUNICIPAL BORROWING (141.221-141.226)

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Bluebook

Mich. Comp. Laws § 141.222 (2026).

Text

MUNICIPAL BORROWING (EXCERPT) Act 79 of 1937 141.222 Municipal borrowing; bus and street railway transportation or water supply utility purposes. Sec.

2.Any municipality of this state that operates any public utility pursuant to law for the purpose of supplying bus or street railway transportation or water supply may, by resolution of its governing body, borrow money and issue notes for the purpose of acquiring, constructing, purchasing, owning, maintaining, or operating any public utility as described in section 1(a), as the board in charge of the utility and the governing body of the municipality may consider necessary or desirable for the purpose of supplying bus or street railway transportation or water supply to the inhabitants of the municipality and within a distance of 10 miles fr

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MUNICIPAL BORROWING (EXCERPT) Act 79 of 1937 141.222 Municipal borrowing; bus and street railway transportation or water supply utility purposes. Sec. 2. Any municipality of this state that operates any public utility pursuant to law for the purpose of supplying bus or street railway transportation or water supply may, by resolution of its governing body, borrow money and issue notes for the purpose of acquiring, constructing, purchasing, owning, maintaining, or operating any public utility as described in section 1(a), as the board in charge of the utility and the governing body of the municipality may consider necessary or desirable for the purpose of supplying bus or street railway transportation or water supply to the inhabitants of the municipality and within a distance of 10 miles from any portion of its corporate limits, and as the public convenience may require, together with all the necessary equipment.