Mich. Comp. Laws § 123.331
Public corporation; definition.
The term "public corporation" as used herein shall be deemed to mean any county, metropolitan district, city, village or township in this state.
Michigan Compiled Laws — JOINT WATER AND SEWAGE DISPOSAL SYSTEM (Act 235 of 1947)
Michigan · statute · 235 of 1947, Mich. Comp. Laws · 16 active provisions
Mich. Comp. Laws § 123.332
Water and sewage disposal system; acquisition through change of boundaries; referendum.
When any public corporation shall have acquired any water or sewage disposal system, and, by subsequent incorporation, annexation or other change of boundaries, the land in which any part of such system lies shall have been placed within the boundaries of any other public corporation, the legislative or governing body…
Mich. Comp. Laws § 123.333
Disposal system; electors' approval; ordinance.
If such proposition shall receive the favorable vote of 3/5 of the electors voting thereon, the legislative or governing body of such public corporation may adopt an ordinance providing for taking the ownership of that portion of such system lying within its boundaries on a specified date not less than 3 months from th…
Mich. Comp. Laws § 123.334
Disposal system; joint board or commission, control; members, election.
On or before the date specified in said ordinance, it shall be the duty of each of such public corporations, by its legislative or governing body, to elect 1 member of a joint board or commission. The members so elected shall elect 1 additional member, and the board so constituted shall have full control of the operati…
Mich. Comp. Laws § 123.335
Disposal system; alternative plans for division or operation.
The several public corporations in which said system lies may, at any time before or after the date specified, enter into a contract providing, in lieu of the provisions of section 4 of this act, for the division of such system, between the several public corporations, or for its operation as a single unit either by 1…
Mich. Comp. Laws § 123.336
Disposal system; retirement of bonds; noncallable bonds; bond and interest redemption fund; payment priority; bonds subject to revenue bond act of 1933.
(1) If there are outstanding revenue bonds issued for the acquisition, construction, extension, or improvement of the system, the bonds may be retired either by the issue of joint refunding bonds on behalf of all the public corporations by concurrent ordinances of their respective legislative or governing bodies, or by…
Mich. Comp. Laws § 123.337
Disposal system; operation as a single unit; segregation and disposition of revenues, retirement of bonds.
The integrity and unit of operation of the entire system as a single unit shall be preserved, and the segregation, safekeeping and disposition of its revenues as provided by the bond ordinance shall be continued until all outstanding bonds assumed by the revenues of the entire system shall have been retired by payment,…
Mich. Comp. Laws § 123.338
Disposal system; operation as a separate unit after retirement of bonds; collection and disposition of revenues.
After all outstanding bonds have been paid or their priority secured as aforesaid, or have been retired by the issue of separate refunding bonds, by the several public corporations, jointly or severally, or by the assumption by each of its proportion thereof, any public corporation shall have the right to take over the…
Mich. Comp. Laws § 123.339
Disposal system; division between public corporations; proportionate share of expenses or indebtedness.
If any such system shall be divided, each public corporation shall provide for the operation of its portion and for the proper proportion of any expenses common to the entire system or separate systems, including payment of interest and principal of any unrefunded bonds of the original issue and for the payment of thos…
Mich. Comp. Laws § 123.340
Disposal system; operation by joint board or agency as unit; fund payments; depreciation, contingent, and surplus funds; revised municipal finance act inapplicable.
(1) If the system is operated as a single unit, by a joint board or by 1 public corporation as agent for all, the operating board or agency shall provide for the payment of the necessary amounts into the operation and maintenance fund and into the bond and interest redemption fund for all bonds secured by the revenues…
Mich. Comp. Laws § 123.341
Disposal system; apportionment of revenues, debts, properties; realty, purchase, use.
Unless otherwise provided by contract, all revenues subject to apportionment and all outstanding indebtedness to be separately refunded or assumed by the several public corporations shall be divided in proportion to the net revenues received during the preceding fiscal year from services rendered by the system to prope…
Mich. Comp. Laws § 123.342
Disposal system provisions applicable.
Except as herein provided, all such systems shall be subject to the provisions of Act No. 94 of the Public Acts of 1933, as now or hereafter amended.
Mich. Comp. Laws § 123.344
Disposal system; joint acquisition by public corporations under other statutes; contracts.
Any public corporations which may, heretofore or hereafter, have jointly acquired the ownership or right to operate any water or sewage disposal system under any other statute may make any contract in regard to such system of the nature hereby authorized.
Mich. Comp. Laws § 123.345
Disposal system; contracts for division of systems existing or to be acquired.
Any public corporation which may, heretofore or hereafter, have acquired a water or sewage disposal system extending beyond its own boundaries and any public corporation into whose territory any such system shall extend, may divide such system by a contract of the nature hereby authorized.
Mich. Comp. Laws § 123.346
Vote or proceeding by public corporation before effective date of act; validation.
Any vote or proceeding authorized hereby which may have been taken by any public corporation before the effective date of this act is hereby validated.
Mich. Comp. Laws § 123.347
Act not deemed part of bondholders' contract; proceedings impairing contracts prohibited.
This act shall not be deemed to be a part of the bond contract between a public corporation hereafter issuing any revenue bonds and the holders of such bonds, and no proceedings shall be taken hereunder which will impair the contract rights of such bondholders.