Michigan § 397.288 Authorization and levy of taxes to pay principal of and interest on bonds.

Michigan Statutes

§ 397.288 — Authorization and levy of taxes to pay principal of and interest on bonds.

Michigan § 397.288

Ch. 397LIBRARIES

Act 265 of 1988DISTRICT LIBRARY FINANCING ACT (397.281-397.290)

This text of Michigan § 397.288 (Authorization and levy of taxes to pay principal of and interest on bonds.) 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 § 397.288 (2026).

Text

DISTRICT LIBRARY FINANCING ACT (EXCERPT) Act 265 of 1988 397.288 Authorization and levy of taxes to pay principal of and interest on bonds. Sec.

8.If a majority of the qualified electors of a district voting on the question of issuing bonds approves the issuance, or if bonds are otherwise issued pursuant to section 5, the board, by resolution, shall authorize and levy the taxes necessary to pay the principal of and interest on the bonds. The taxes shall be levied and collected with the county taxes. If, pursuant to section 5, the bonds are issued without submission of the question of the bond issue to the electors, the board shall not authorize or levy a tax that exceeds the tax levy authorized by a vote of the qualified electors of the district as provided in sections 13 to 23 of the dis

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DISTRICT LIBRARY FINANCING ACT (EXCERPT) Act 265 of 1988 397.288 Authorization and levy of taxes to pay principal of and interest on bonds. Sec. 8. If a majority of the qualified electors of a district voting on the question of issuing bonds approves the issuance, or if bonds are otherwise issued pursuant to section 5, the board, by resolution, shall authorize and levy the taxes necessary to pay the principal of and interest on the bonds. The taxes shall be levied and collected with the county taxes. If, pursuant to section 5, the bonds are issued without submission of the question of the bond issue to the electors, the board shall not authorize or levy a tax that exceeds the tax levy authorized by a vote of the qualified electors of the district as provided in sections 13 to 23 of the district library establishment act.