reglab/housing_qa huggingface dataset:
MI Comp L § 254.327 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 214 of 1952 - Mackinac Bridge Authority (254.311 - 254.332)|Section 254.327 - Declared Public Purpose; Tax Exemption.

254.327 Declared public purpose; tax exemption. Sec. 17.  It is hereby found, determined and declared that the creation of the authority and the carrying out of its corporate purposes are in all respects for the benefit of the people of the state and constitute a public purpose, and that the bridge is an essential part of the public highway system of the state and that the authority will be performing an essential governmental function in the exercise of the powers herein conferred upon it. Therefore, all property owned by the authority hereunder shall be exempt from all taxes levied by the state of Michigan and all of its political subdivisions and taxing districts, and the authority shall be required to pay no taxes or assessments upon its activities or upon any of its revenues. If at any time hereafter any taxes of any nature shall be legally imposed on any properties of the authority or the obligations thereof, and such taxes shall be determined to be valid and effective, they shall be paid from the revenues of the authority as 1 of the expenses of maintaining and operating the bridge. History: 1952, Act 214, Imd. Eff. Apr. 30, 1952
MI Comp L § 254.328 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 214 of 1952 - Mackinac Bridge Authority (254.311 - 254.332)|Section 254.328 - Authority's Rights Not Limited or Altered; Competitive Vehicular Traffic Services.

254.328 Authority's rights not limited or altered; competitive vehicular traffic services. Sec. 18.  The state of Michigan hereby pledges to and agrees with the holders of the bonds that the state will not limit or alter the rights hereby vested in the authority to construct, maintain and operate the bridge and to establish and collect such charges and tolls as may be convenient or necessary to produce sufficient revenues to meet the expenses of maintenance and operation and to fulfill the terms of any agreements made with the holders of the bonds or in any way impair the rights and remedies of the bondholders until the bonds and interest thereon and all costs and expenses in connection with any action or proceedings by and in behalf of the bondholders shall have been fully met and discharged.  The state of Michigan further covenants and agrees with the holders of the bonds that it will not construct or operate any tunnel, bridge or ferry service which will be competitive with the bridge herein authorized, and so far as legally possible it will prohibit the construction or operation of any other tunnel, bridge or ferry service which will afford facilities for vehicular traffic to cross the straits of Mackinac: Provided, That nothing herein contained shall be construed to prevent the operation of ferries by the state highway department between the upper and lower peninsulas until such time as the bridge shall have been placed in operation. History: 1952, Act 214, Imd. Eff. Apr. 30, 1952
MI Comp L § 254.329 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 214 of 1952 - Mackinac Bridge Authority (254.311 - 254.332)|Section 254.329 - Bondholders' Rights; Enforcement Actions.

254.329 Bondholders' rights; enforcement actions. Sec. 19.  Any holder or holders of bonds, including a trustee or trustees for such holders, shall have the right in addition to all other remedies to bring suit by mandamus or other action in any court of competent jurisdiction against the authority and its officers and employees and against officers and employees of the state to enforce his or their rights under the proceedings authorizing the bonds and to enforce all agreements and covenants contained in the bond resolution or trust indenture. The right to bring such action may be limited by the terms of the bond resolution or trust indenture to any percentage of bondholders which may be therein fixed. Such action may be in equity to require the authority to act as if it were the trustee of an express trust for the holders of such bonds, may be a request for injunction or mandamus or may request, and the bondholders shall be entitled as of right to, the appointment of a receiver for the bridge, and such receiver may enter and take possession thereof and of all moneys and other property of the authority and may proceed with the construction of the bridge, if it shall not have been completed, and may operate and maintain the bridge and collect and receive all tolls and other revenues thereafter arising therefrom, subject to any pledge thereof or agreement with bondholders relating thereto, and may perform the public duties and carry out the agreements and obligations of the authority, all in such manner as the court may direct. History: 1952, Act 214, Imd. Eff. Apr. 30, 1952
MI Comp L § 254.330 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 214 of 1952 - Mackinac Bridge Authority (254.311 - 254.332)|Section 254.330 - Operation of Ferries.

254.330 Operation of ferries. Sec. 20.  The authority may, if it sees fit, at any time, when for any reason the bridge may be out of service, acquire through purchase, lease or otherwise and operate 1 or more ferries for the purpose of conveying passengers and freight between the upper and lower peninsulas, in which event the cost thereof may be paid from the revenues of the authority, including, unless prohibited by the terms of the proceedings authorizing the bonds, the proceeds of the sale of bonds hereunder, and all revenues derived from the operation of such ferries shall be regarded and treated as revenues of the bridge for all purposes of this act. History: 1952, Act 214, Imd. Eff. Apr. 30, 1952
MI Comp L § 254.331 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 214 of 1952 - Mackinac Bridge Authority (254.311 - 254.332)|Section 254.331 - Inconsistent Acts.

254.331 Inconsistent acts. Sec. 21.  Insofar as the provisions of this act may be inconsistent with the provisions of any other act, general or special, the provisions of this act shall be controlling. History: 1952, Act 214, Imd. Eff. Apr. 30, 1952
MI Comp L § 254.332 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 214 of 1952 - Mackinac Bridge Authority (254.311 - 254.332)|Section 254.332 - Expenditure of Funds for Construction of State Police Post; Lease Agreement; Payments; Expiration or Termination of Lease; Use.

254.332 Expenditure of funds for construction of state police post; lease agreement; payments; expiration or termination of lease; use. Sec. 22.  (1) The authority may expend not more than $995,000.00 from funds under its jurisdiction to construct a building and lease it to the department of state police for use as a regional state police post. The building shall be located on authority owned property adjacent to the north terminal of the bridge.  (2) The authority shall not construct a building pursuant to this section until the authority and the department of state police enter into a lease agreement that contains all of the following terms:  (a) A provision that the building be used for a regional state police post.  (b) A provision that the initial term of the lease shall be 10 years, with renewals as agreed to by the authority and department of state police.  (c) A provision that the lease amount be equivalent to the fair market lease value of the leased building. However, the lease may provide for a reduction in the lease amount equivalent to the reasonable cost incurred by the department of state police in providing a certain level of law enforcement services incident to the operation of the bridge.  (d) Except as otherwise agreed by the authority and department of state police, a requirement that the department of state police pay the costs of maintaining the building in reasonable repair.  (e) Any other terms that may be agreed to by the authority and the department of state police regarding the use of the building.  (3) Lease payments that are received by the authority under a lease agreement entered into pursuant to subsection (2) shall be regarded and treated as revenues of the bridge for all purposes under this act.  (4) Upon the expiration or termination of a lease agreement entered into pursuant to subsection (2), the authority may use the building for any reasonable purpose in carrying out its duties under this act. History: Add. 1992, Act 120, Imd. Eff. June 26, 1992
MI Comp L § 254.361 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 13 of 1966 - Refunding Bonds of Mackinac Bridge Authority; Transfer of Authority to State Highway Department (254.361 - 254.372)|Section 254.361 - Refunding Bonds; Issuance, Purpose.

254.361 Refunding bonds; issuance, purpose. Sec. 1.  The state may borrow money and issue its refunding bonds for the purpose of refunding the following outstanding bonds issued by the Mackinac bridge authority, and agency and instrumentality of this state created by Act No. 21 of the Public Acts of the Extra Session of 1950, being sections 254.301 to 254.304 of the Compiled Laws of 1948, pursuant to Act No. 214 of the Public Acts of 1952, as amended, being sections 254.311 to 254.331 of the Compiled Laws of 1948, and a certain indenture between the Mackinac bridge authority and the Detroit trust company, dated July 1, 1953:  (a) Bridge revenue bonds, series A (Mackinac straits bridge), dated July 1, 1953, in the principal sum of $79,800,000.00;  (b) Bridge revenue bonds, series B (Mackinac straits bridge), dated July 1, 1953, in the principal sum of $20,000,000.00. History: 1966, Act 13, Imd. Eff. Apr. 6, 1966 ;-- Am. 1967, Act 112, Imd. Eff. June 27, 1967
MI Comp L § 254.362 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 13 of 1966 - Refunding Bonds of Mackinac Bridge Authority; Transfer of Authority to State Highway Department (254.361 - 254.372)|Section 254.362 - Refunding Bonds; Amount; Application of Funds, Pledge of State Credit, Appropriation.

254.362 Refunding bonds; amount; application of funds, pledge of state credit, appropriation. Sec. 2.  The refunding bonds shall be issued in an amount sufficient to pay the costs of refunding of said outstanding bonds, which costs of refunding shall be deemed to include (a) the principal amount of the bonds to be refunded, (b) the amount of premium required to be paid for the redemption of the bonds to be refunded, (c) a reserve fund to be used for operation and maintenance costs of the bridge or for payment of interest or principal on the refunding bonds, which reserve fund shall be in a total amount not exceeding $1,000,000.00, and (d) costs and other expenses of refunding in an amount not exceeding 1/8 of 1% of the principal amount of bonds to be refunded. Money of the Mackinac bridge authority on hand in any of the funds provided in the existing trust indenture at the time of refunding shall be used and applied as follows: first, an amount sufficient to pay the interest due on the outstanding bonds to be refunded on the redemption date fixed therefor shall be deposited with the paying agent for the outstanding bonds, and second the balance shall be applied to reduce the amount of refunding for which the refunding bonds authorized by this act are to be issued. The full faith and credit of the state shall be pledged to the prompt payment of the principal of and interest on the refunding bonds as they become due. There is appropriated from the general fund each year during the life of any refunding bonds issued under this act a sum equal to the amount of the principal and interest payments due and payable thereon in each such year. History: 1966, Act 13, Imd. Eff. Apr. 6, 1966
MI Comp L § 254.363 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 13 of 1966 - Refunding Bonds of Mackinac Bridge Authority; Transfer of Authority to State Highway Department (254.361 - 254.372)|Section 254.363 - Refunding Bonds; Issuance and Sale, Terms and Conditions.

254.363 Refunding bonds; issuance and sale, terms and conditions. Sec. 3.  The state highway commission, hereinafter sometimes referred to as the commission, may provide by resolution for the issuance and sale of the refunding bonds and for the retirement thereof, and for any other matters in connection with the refunding bonds not inconsistent with the provisions of this act. The resolution shall be approved by the state administrative board. The refunding bonds may be term or serial bonds issued in 1 or more series, or both, with dates of maturity not exceeding 35 years as determined by the commission and shall be in such denominations as fixed by the commission. They may be registrable as to principal only or as to both principal and interest, under such terms and conditions as may be determined by the commission. The commission may also provide for the issuance of registered bonds without coupons to replace coupon bonds. The bonds shall bear interest at a rate or rates not exceeding 5% per annum, payable semiannually except that the first interest payable may be for a period not exceeding 10 months, but the average net interest cost to the state on the money borrowed shall not exceed 3 1/2%. They may be made subject to redemption prior to maturity in whole or in part at such prices, upon such terms and at such times as may be fixed by the commission. The refunding bonds may recite that they are issued pursuant to this act which recital shall be conclusive evidence of their validity and the regularity of their issuance. History: 1966, Act 13, Imd. Eff. Apr. 6, 1966 ;-- Am. 1967, Act 112, Imd. Eff. June 27, 1967
MI Comp L § 254.364 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 13 of 1966 - Refunding Bonds of Mackinac Bridge Authority; Transfer of Authority to State Highway Department (254.361 - 254.372)|Section 254.364 - Refunding Bonds; Negotiability and Tax Exemption.

254.364 Refunding bonds; negotiability and tax exemption. Sec. 4.  Refunding bonds issued under this act shall be deemed to be negotiable instruments under the laws of the state, and the principal of and interest on the bonds is not subject to taxation by the state or any taxing authority therein. History: 1966, Act 13, Imd. Eff. Apr. 6, 1966
MI Comp L § 254.365 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 13 of 1966 - Refunding Bonds of Mackinac Bridge Authority; Transfer of Authority to State Highway Department (254.361 - 254.372)|Section 254.365 - Refunding Bonds; Execution, Officers, Manner.

254.365 Refunding bonds; execution, officers, manner. Sec. 5.  The refunding bonds shall be executed for and on behalf of the state by the state treasurer and the secretary of state or their respective deputies. The right of a deputy to so act shall not be limited by any other statute specifying the circumstances under which he may act for his principal. Interest coupons may be executed by affixing thereto the facsimile signature of the official designated to execute them. If an officer whose signature appears on the refunding bonds or attached coupons ceases to be such officer before delivery of the refunding bonds, his signature shall nevertheless be valid and sufficient for all purposes the same as if he had remained in office until delivery. History: 1966, Act 13, Imd. Eff. Apr. 6, 1966
MI Comp L § 254.366 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 13 of 1966 - Refunding Bonds of Mackinac Bridge Authority; Transfer of Authority to State Highway Department (254.361 - 254.372)|Section 254.366 - Issuance and Sale of Refunding Bonds; Approval of Board, Commission or Agency.

254.366 Issuance and sale of refunding bonds; approval of board, commission or agency. Sec. 6.  In the issuance and sale of the refunding bonds, it shall not be necessary to secure the approval of any board, commission or agency of the state except as provided in this act. History: 1966, Act 13, Imd. Eff. Apr. 6, 1966
MI Comp L § 254.367 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 13 of 1966 - Refunding Bonds of Mackinac Bridge Authority; Transfer of Authority to State Highway Department (254.361 - 254.372)|Section 254.367 - Public Sale; Terms and Conditions; Disposition of Proceeds.

254.367 Public sale; terms and conditions; disposition of proceeds. Sec. 7.  The refunding bonds shall be sold at public sale upon such terms and conditions as shall be determined by the commission with the approval of the state administrative board. The proceeds from the sale of the bonds shall be made available for the redemption of the bonds to be refunded thereby, but in the meantime may be invested in United States government securities redeemable prior to the time the money is necessary for the redemption of the bonds to be refunded. History: 1966, Act 13, Imd. Eff. Apr. 6, 1966
MI Comp L § 254.368 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 13 of 1966 - Refunding Bonds of Mackinac Bridge Authority; Transfer of Authority to State Highway Department (254.361 - 254.372)|Section 254.368 - Powers of Commission.

254.368 Powers of commission. Sec. 8.  The commission may do all things necessary in connection with the issuance and sale of the refunding bonds and the retirement of the bonds to be refunded thereby, except to the extent that the retirement powers are now vested in the Mackinac bridge authority, and in that respect the authority shall do all things necessary to accomplish the retirement when the funds are available therefor. The commission may employ such fiscal agents and attorneys as may be necessary to accomplish the purposes of this act and the costs thereof shall be included as a part of the costs of refunding as provided in section 2.  History: 1966, Act 13, Imd. Eff. Apr. 6, 1966
MI Comp L § 254.369 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 13 of 1966 - Refunding Bonds of Mackinac Bridge Authority; Transfer of Authority to State Highway Department (254.361 - 254.372)|Section 254.369 - Repealed. 2005, Act 329, Imd. Eff. Dec. 28, 2005

254.369 Repealed. 2005, Act 329, Imd. Eff. Dec. 28, 2005 Compiler's Notes: The repealed section pertained to transfer of operation of Mackinac bridge to state highway department.
MI Comp L § 254.370 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 13 of 1966 - Refunding Bonds of Mackinac Bridge Authority; Transfer of Authority to State Highway Department (254.361 - 254.372)|Section 254.370 - Fixing of Tolls, Fees, Rents, and Charges; Commission Powers, Legislative Intent.

254.370 Fixing of tolls, fees, rents, and charges; commission powers, legislative intent. Sec. 10.  The commission from time to time shall establish and fix tolls, fees, rents and charges for the use of the bridge and its services and facilities, the proceeds of collection thereof to be used: first, for expenses of operation and maintenance of the bridge, second, for the replenishment of the reserve fund provided for in section 2 to its full required amount of $1,000,000.00, and third, for the payment of the principal of and interest on the refunding bonds when due, which amounts shall be deposited, quarterly or oftener, with the state treasurer and used for such payment. Except as hereinafter provided it is the intent of the legislature that the tolls, fees, rents and charges, as near as is reasonably possible within the limitations herein expressed, shall provide sufficient funds to pay the costs of operating and maintaining the bridge and to pay the principal of and interest on the refunding bonds when due. If any specific taxes or funds of the state, or any portion thereof, except the general fund, are at any time allocated, appropriated or earmarked by law for the payment of the principal of and interest on the refunding bonds, and the cost of operating and maintaining the bridge, the tolls, fees, rents and charges shall be revised to give credit for the moneys so allocated, appropriated or earmarked by law, and if the specific taxes or funds of the state so allocated, appropriated and earmarked are sufficient to provide all necessary funds for the payment thereof including the refunding of the bonds as they mature, no further tolls, fees, rents or charges shall be fixed or collected for such purpose, but the tolls, fees, rents or charges shall be fixed and collected only in such amount as will provide moneys within the limitations expressed in this act to operate and maintain the bridge. The provisions of this section shall be construed in no way to affect or limit the general obligation of the state to pay the principal of and interest on the refunding bonds as the same shall mature. History: 1966, Act 13, Imd. Eff. Apr. 6, 1966
MI Comp L § 254.371 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 13 of 1966 - Refunding Bonds of Mackinac Bridge Authority; Transfer of Authority to State Highway Department (254.361 - 254.372)|Section 254.371 - Operation of Bridge as Part of State Highway System; Expenses, Tolls and Fees.

254.371 Operation of bridge as part of state highway system; expenses, tolls and fees. Sec. 11.  At such time as the refunding bonds authorized by this act are retired in full, the Mackinac bridge shall be operated by the state highway department as a part of the state highway system and all expenses in connection with the operation and maintenance of the bridge shall be paid in the same manner as similar expenses in connection with the state highway system are paid. If authorized by law, the commission may charge and collect tolls, fees, rents and charges for the use of the bridge to provide all or any part of the costs of operation and maintenance of the bridge. History: 1966, Act 13, Imd. Eff. Apr. 6, 1966
MI Comp L § 254.372 (2021)
2021 Michigan Compiled Laws|Chapter 254 - Bridges|Act 13 of 1966 - Refunding Bonds of Mackinac Bridge Authority; Transfer of Authority to State Highway Department (254.361 - 254.372)|Section 254.372 - Employees of Authority; Transfer to Commission, Credit for Time.

254.372 Employees of authority; transfer to commission, credit for time. Sec. 12.  All employees of the Mackinac bridge authority shall be given the opportunity to transfer to the commission and be given credit for time employed by the authority and the employees now employed by the Mackinac bridge authority shall be employed in the operation of the bridge. History: 1966, Act 13, Imd. Eff. Apr. 6, 1966
MI Comp L § 255.51 (2021)
2021 Michigan Compiled Laws|Chapter 255 - Ferries|Act 150 of 1943 - Ferry Services and Equipment (255.51 - 255.53)|Section 255.51 - Board of Supervisors Authorized to Acquire Ferry Service.

255.51 Board of supervisors authorized to acquire ferry service. Sec. 1.  The boards of supervisors of the several counties of this state are hereby authorized, by a 2/3 vote of the members elect thereof, to acquire ferry services, and the necessary equipment therefor, as part of the highway system of said counties.  The board of supervisors of any county acquiring such ferry service may from time to time make appropriations for the purchase, operation and/or maintenance of said ferry and ferry services. History: 1943, Act 150, Imd. Eff. Apr. 14, 1943 ;-- CL 1948, 255.51
MI Comp L § 255.52 (2021)
2021 Michigan Compiled Laws|Chapter 255 - Ferries|Act 150 of 1943 - Ferry Services and Equipment (255.51 - 255.53)|Section 255.52 - Board of Supervisors; Sale and Disposal of Ferry Heretofore Owned.

255.52 Board of supervisors; sale and disposal of ferry heretofore owned. Sec. 2.  The board of supervisors of any county having acquired ferry services as authorized in this act shall give, grant, assign and dispose of any ferry, equipment and services heretofore owned or acquired hereunder to the board of county road commissioners of said county. History: 1943, Act 150, Imd. Eff. Apr. 14, 1943 ;-- CL 1948, 255.52