Michigan § 390.373 Michigan college of mining and technology; board of control, borrowing power, issuance of obligations.

Michigan Statutes

§ 390.373 — Michigan college of mining and technology; board of control, borrowing power, issuance of obligations.

Michigan § 390.373

Ch. 390UNIVERSITIES AND COLLEGES

Act 9 of 1938 (Ex. Sess.)MICHIGAN COLLEGE OF MINING AND TECHNOLOGY (390.371-390.375)

This text of Michigan § 390.373 (Michigan college of mining and technology; board of control, borrowing power, issuance of obligations.) 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 § 390.373 (2026).

Text

MICHIGAN COLLEGE OF MINING AND TECHNOLOGY (EXCERPT) Act 9 of 1938 (Ex. Sess.) 390.373 Michigan college of mining and technology; board of control, borrowing power, issuance of obligations. Sec.

3.In carrying out the above power, said board may borrow money, pledging the rents and income received from the residence halls and housing units in excess of all operating expenses, for the discharge of loans so executed, and/or pledging the fees charged the students for the use and maintenance of social centers provided for them under this act and any revenue derived from the operation of the said centers for the discharge of loans so executed: Provided, That any obligations issued under the provisions of this act shall contain the provisions of section 4 of this act printed on the face thereof.

Free access — add to your briefcase to read the full text and ask questions with AI

MICHIGAN COLLEGE OF MINING AND TECHNOLOGY (EXCERPT) Act 9 of 1938 (Ex. Sess.) 390.373 Michigan college of mining and technology; board of control, borrowing power, issuance of obligations. Sec. 3. In carrying out the above power, said board may borrow money, pledging the rents and income received from the residence halls and housing units in excess of all operating expenses, for the discharge of loans so executed, and/or pledging the fees charged the students for the use and maintenance of social centers provided for them under this act and any revenue derived from the operation of the said centers for the discharge of loans so executed: Provided, That any obligations issued under the provisions of this act shall contain the provisions of section 4 of this act printed on the face thereof.