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Mich. Comp. Laws § 123.152

Joint source; cities having outstanding water revenue bonds.

Michigan · Michigan Compiled Laws — WATER SUPPLY; JOINT SOURCE (Act 130 of 1945) · Status: effective

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Mich. Comp. Laws § 123.152, Joint source; cities having outstanding water revenue bonds, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1340367
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If any city issuing bonds hereunder shall then have outstanding other water revenue bonds which constitute a prior lien on the revenues of the city's water system, bonds may be issued hereunder in such manner as to be subordinate to the outstanding bonds.