Michigan § 331.302 Bond issue; payment of principal and interest; referendum.

Michigan Statutes

§ 331.302 — Bond issue; payment of principal and interest; referendum.

Michigan § 331.302

Ch. 331HOSPITALS

Act 1 of 1912 (1st Ex. Sess.)DETENTION HOSPITALS (331.301-331.305)

This text of Michigan § 331.302 (Bond issue; payment of principal and interest; referendum.) 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 § 331.302 (2026).

Text

DETENTION HOSPITALS (EXCERPT) Act 1 of 1912 (1st Ex. Sess.) 331.302 Bond issue; payment of principal and interest; referendum. Sec.

2.The common council of any city availing itself of the provisions of this act, shall have the power to fix the time and place of payment of the principal and interest voted under the provisions of this act, and to issue the bonds or other evidences of indebtedness of such city: Provided, That it shall not be lawful for the common council of any such city to borrow any portion of said sum of money unless the question of borrowing the same shall have been first submitted to the electors of such city at its annual election, or at a special election called for that purpose by the common council of such city, and shall have been adopted by a 3/5 vote of the elect

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DETENTION HOSPITALS (EXCERPT) Act 1 of 1912 (1st Ex. Sess.) 331.302 Bond issue; payment of principal and interest; referendum. Sec. 2. The common council of any city availing itself of the provisions of this act, shall have the power to fix the time and place of payment of the principal and interest voted under the provisions of this act, and to issue the bonds or other evidences of indebtedness of such city: Provided, That it shall not be lawful for the common council of any such city to borrow any portion of said sum of money unless the question of borrowing the same shall have been first submitted to the electors of such city at its annual election, or at a special election called for that purpose by the common council of such city, and shall have been adopted by a 3/5 vote of the electors voting at such election.