Michigan Statutes

§ 141.38 — Suit on securities.

Michigan § 141.38

JurisdictionMichigan

Ch. 141MUNICIPAL FINANCING

Act 161 of 1923BOARD OF SINKING FUND COMMISSIONERS (141.31-141.40)

This text of Michigan § 141.38 (Suit on securities.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 141.38 (2026).

Text

BOARD OF SINKING FUND COMMISSIONERS (EXCERPT) Act 161 of 1923 141.38 Suit on securities. Sec.

8.The said board of sinking fund commissioners shall have power and authority to bring suit for the purpose of enforcing the collection of any bonds or securities taken by it for the benefit of the sinking fund or for any purpose within the scope of their duties, but said suits shall be instituted and carried on in the name of the county.

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BOARD OF SINKING FUND COMMISSIONERS (EXCERPT) Act 161 of 1923 141.38 Suit on securities. Sec. 8. The said board of sinking fund commissioners shall have power and authority to bring suit for the purpose of enforcing the collection of any bonds or securities taken by it for the benefit of the sinking fund or for any purpose within the scope of their duties, but said suits shall be instituted and carried on in the name of the county.

Legislative History

1923, Act 161, Eff. Aug. 30, 1923 ;-- CL 1929, 1253 ;-- CL 1948, 141.38

Nearby Sections

15

§ 141.1001

§ 141.1002

State administrative board; powers and duties; actions of board.

§ 141.1003

Cities or counties authorized to borrow money and issue general obligation bonds or obligations to fund operating deficit.

§ 141.1004

Application for order approving bonds or obligations; resolution; determination of accumulated operating deficit; conditions and determinations; statement; issuance of order; determinations and findings conclusive; maximum amount of bonds or obligations; exceptions; bonds or obligations not subject to revised municipal finance act; agency financing reporting act applicable.

§ 141.1005

Bonds or obligations; amounts included.

§ 141.1006

Bonds or obligations; terms and conditions.

§ 141.1007

Levy of property taxes for payment of principal and interest on bonds or obligations.

§ 141.1008

Issuing bonds or obligations as limited tax bonds or obligations; resolution without vote of electors and publication of notice; submitting question to electors; approval or disapproval; prior actions.

§ 141.1009

Bonds or obligations issued before April 11, 1988; bonds or obligations issued after April 11, 1988 and before January 1, 2010; powers of legislative body; agreement providing for direct payment of distributable aid to paying agent, trustee, escrow agent, or other person; lien; special fund; use of taxes; definition.

§ 141.101

Short title; revenue bond act of 1933.

§ 141.1010

Action to enforce compliance with act.

§ 141.1011

Conditional effective date.

§ 141.102

Construction of act.

§ 141.103

§ 141.104

Municipal public improvements; limitations; bonds; acquiring utility for supplying light, heat or power; referendum; powers exercised.

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Bluebook (online)

Michigan § 141.38, Counsel Stack Legal Research, https://law.counselstack.com/statute/mi/141/141.38.