reglab/housing_qa huggingface dataset:
MI Comp L § 123.954 (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.954 - Incorporation of Authority; Procedure.

123.954 Incorporation of authority; procedure. Sec. 4.  The incorporation of such an authority shall be accomplished by the adoption of articles of incorporation by the legislative body of each incorporating unit. For such adoption, the affirmative vote of the majority of the members elect of each such legislative body shall be required. The articles of incorporation shall be executed, for and on behalf of each incorporating unit by the following officers, to-wit: For the county, by the chairman of the board of commissioners and county clerk; for the city, by its mayor and city clerk; for the village, by its president and clerk; for the township, by its supervisor and clerk; and for the school district or intermediate school district, by the president and secretary of the board of education. The clerk or secretary of each incorporating unit shall also affix to the articles of incorporation following the signatures thereto, a certificate in form substantially as follows:  "The foregoing articles of incorporation were adopted by the ............. of the ..... of ........... County, Michigan, at a meeting duly held on the ............ day of ........, 19 .....  Dated: ................., 19 .......  ................................................ (Clerk/Secretary)" History: 1948, 1st Ex. Sess., Act 31, Imd. Eff. May 10, 1948 ;-- CL 1948, 123.954 ;-- Am. 1954, Act 113, Imd. Eff. Apr. 15, 1954 ;-- Am. 1967, Act 200, Imd. Eff. June 30, 1967 ;-- Am. 1968, Act 96, Imd. Eff. June 6, 1968 ;-- Am. 1973, Act 110, Imd. Eff. Aug. 19, 1973
MI Comp L § 123.955 (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.955 - County and Municipal Building Authority; Articles of Incorporation; Contents; Eligibility of Governing Body Member for Membership or Appointment.

123.955 County and municipal building authority; articles of incorporation; contents; eligibility of governing body member for membership or appointment. Sec. 5.  (1) The articles of incorporation shall set forth all of the following:  (a) The name of the authority.  (b) The name or names of the unit or units incorporating the authority.  (c) The purpose for which the authority is incorporated.  (d) The number, terms, and manner of selection of the officers of the authority including its governing body, which shall be known as the "commission".  (e) The powers and duties of the authority and of its officers.  (f) The date upon which the authority shall become effective.  (g) The officer required to publish the articles of incorporation and the name of the newspaper in which the articles of incorporation shall be published.  (h) The county with whose clerk the articles of incorporation shall be filed, which shall be a county that is an incorporating unit or in which an incorporating unit is located.  (i) Any other matters considered expedient.  (2) A member of the governing body of an incorporating unit of an authority is not eligible for membership or appointment to the authority. History: 1948, 1st Ex. Sess., Act 31, Imd. Eff. May 10, 1948 ;-- CL 1948, 123.955 ;-- Am. 1955, Act 143, Eff. Oct. 14, 1955 ;-- Am. 1995, Act 147, Imd. Eff. July 11, 1995
MI Comp L § 123.955a (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.955a - Joint Building Authority; Commissioners; Election and Terms of Members; Chairperson; Secretary; Bylaws and Rules of Procedure; Elected Official as Member; Conducting Business at Public Meeting; Notice of Meeting.

123.955a Joint building authority; commissioners; election and terms of members; chairperson; secretary; bylaws and rules of procedure; elected official as member; conducting business at public meeting; notice of meeting. Sec. 5a.  (1) A joint building authority under section 2 incorporated by a county and a city, township, or village shall be directed and governed by a commission of 3 members, 1 to be elected by the county board of commissioners of the county, 1 to be elected by the legislative body of the city, township, or village, and 1 to be elected by the joint action of the county board of commissioners of the county and the legislative body of the city, township, or village. If the legislative bodies are unable to agree upon a choice for the third member within 60 days after the election of the first member, then the third member shall be appointed by the governor.  (2) A joint building authority under section 2 not described by subsection (1) shall be directed and governed by a commission consisting of 1 member elected by the legislative body of each incorporating unit and such other members as may be provided by the articles of incorporation.  (3) The commissioners of a joint building authority under section 2 shall serve for 4-year terms.  (4) The commission shall designate 1 member as chairperson and 1 as secretary, and shall adopt bylaws and rules of procedure. A member of the commission of a joint building authority shall not be an elected official of the county, city, township, or village.  (5) The business that the commission of any building authority performs shall be conducted at a public meeting of the board of commissioners held in compliance with the open meetings act, Act No. 267 of the Public Acts of 1976, being sections 15.261 to 15.275 of the Michigan Compiled Laws. Public notice of the time, date, and place of the meeting shall be given in the manner required by Act No. 267 of the Public Acts of 1976. History: 1948, 1st Ex. Sess., Act 31, Imd. Eff. May 10, 1948 ;-- CL 1948, 123.955a ;-- Am. 1968, Act 96, Imd. Eff. June 6, 1968 ;-- Am. 1973, Act 110, Imd. Eff. Aug. 19, 1973 ;-- Am. 1977, Act 181, Imd. Eff. Nov. 17, 1977 ;-- Am. 1995, Act 147, Imd. Eff. July 11, 1995
MI Comp L § 123.955b (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.955b - Board of Commissioners; Compensation, per Diem, Mileage.

123.955b Board of commissioners; compensation, per diem, mileage. Sec. 5b.  Members of the commission may be paid such compensation, and such per diem and mileage for attending meetings, as may be provided by the commission with the approval of the incorporating unit or units. History: Add. 1968, Act 96, Imd. Eff. June 6, 1968
MI Comp L § 123.956 (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.956 - Articles of Incorporation; Publication; Statement; Filing; Effective Date; Presumption.

123.956 Articles of incorporation; publication; statement; filing; effective date; presumption. Sec. 6.  (1) The officer designated in the articles of incorporation shall cause a copy of the articles of incorporation or a summary of the articles to be published once in a newspaper designated in the articles of incorporation and circulating within the incorporating units accompanied by a statement that the right exists to question the incorporation in court as provided in this section. The officer shall file with the county clerk of the county designated under section 5(1)(h) and the secretary of state a certified copy of the articles of incorporation with a certificate of the date and newspaper of publication. The officer shall file with the recording officer of the authority, when selected, the original articles of incorporation with a certificate of the date and newspaper of publication.  (2) The authority shall become effective at the time provided in the articles of incorporation.  (3) The validity of the incorporation shall be conclusively presumed unless questioned in a court of competent jurisdiction within 60 days after the filing of the certified copies with the secretary of state and the county clerk. History: 1948, 1st Ex. Sess., Act 31, Imd. Eff. May 10, 1948 ;-- CL 1948, 123.956 ;-- Am. 1973, Act 110, Imd. Eff. Aug. 19, 1973 ;-- Am. 1995, Act 147, Imd. Eff. July 11, 1995
MI Comp L § 123.957 (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.957 - Building Authority; Body Corporate; Powers.

123.957 Building authority; body corporate; powers. Sec. 7.  Such authority shall be a body corporate with power to sue and be sued in any court of this state. It shall possess all the powers necessary to carry out the purpose of its incorporation and those incident thereto. The enumeration of any powers in this act shall not be construed as a limitation upon such general powers. History: 1948, 1st Ex. Sess., Act 31, Imd. Eff. May 10, 1948 ;-- CL 1948, 123.957
MI Comp L § 123.958c (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.958c - Violation of MCL 168.1 to 168.992 Applicable to Petitions; Penalties.

123.958c Violation of MCL 168.1 to 168.992 applicable to petitions; penalties. Sec. 8c.  A petition under section 8b, including the circulation and signing of the petition, is subject to section 488 of the Michigan election law, 1954 PA 116, MCL 168.488. A person who violates a provision of the Michigan election law, 1954 PA 116, MCL 168.1 to 168.992, applicable to a petition described in this section is subject to the penalties prescribed for that violation in the Michigan election law, 1954 PA 116, MCL 168.1 to 168.992. History: Add. 1998, Act 190, Eff. Mar. 23, 1999
MI Comp L § 123.959 (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.959 - Building Authority; Acquisition of Property, Condemnation.

123.959 Building authority; acquisition of property, condemnation. Sec. 9.  For the purpose of accomplishing the objects of its incorporation the authority may acquire property by purchase, construction, lease, gift, devise or condemnation, and for the purpose of condemnation, it may proceed under the provisions of Act No. 149 of the Public Acts of 1911, as amended, being sections 213.21 to 213.41 of the Compiled Laws of 1948, or any other appropriate statute.  The legislative body of any incorporating unit, by a majority vote of the members thereof, may transfer any real property except cemetery property owned by the incorporating unit to an authority established pursuant to this act. History: 1948, 1st Ex. Sess., Act 31, Imd. Eff. May 10, 1948 ;-- CL 1948, 123.959 ;-- Am. 1962, Act 14, Imd. Eff. Mar. 14, 1962 ;-- Am. 1968, Act 96, Imd. Eff. June 6, 1968
MI Comp L § 123.960 (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.960 - Amendment of Articles of Incorporation.

123.960 Amendment of articles of incorporation. Sec. 10.  Amendments may be made to articles of incorporation if adopted by the legislative body of each incorporating unit: Provided, That no such amendment shall impair the obligation of any bond or other contract. Any city or village which is the county seat of a county incorporating an authority under the provisions of this act, may become an incorporating unit of the authority by amendment to the articles of incorporation adopted by the legislative body of such city or village and by the legislative body of the county. Any such city or village shall thereafter be deemed to be an incorporating unit. Each amendment shall be adopted, executed and published, and certified printed copies filed, in the same manner as above specified for the original articles of incorporation, in so far as applicable. History: 1948, 1st Ex. Sess., Act 31, Imd. Eff. May 10, 1948 ;-- CL 1948, 123.960
MI Comp L § 123.961a (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.961a - Building Authority Revenue Bonds or Building Authority Revenue Refunding Bonds; Purpose; Prerequisites of Issuance.

123.961a Building authority revenue bonds or building authority revenue refunding bonds; purpose; prerequisites of issuance. Sec. 11a.  For the purpose of defraying all or part of the cost of acquiring, improving, and enlarging any building or buildings, automobile parking lots or structures, recreational facilities, stadiums, and the necessary site or sites for the property, together with appurtenant properties and facilities necessary or convenient for the effective use of the property; furnishing and equipping the same; or refunding outstanding bonds as provided in section 11k, the authority, after execution of a contract of lease which is not a full faith and credit general obligation, as provided in this act, and pursuant to ordinance or resolution duly adopted by a majority vote of the elected members of the commission, may issue its negotiable bonds in anticipation of the contract obligations of the incorporating unit or units to make cash rental payments to the authority and may pledge the receipts from those payments for payment of the bonds and the interest on the bonds. Bonds shall not be issued unless the property has been leased by the authority to its incorporating unit or units for a period extending beyond the last maturity of the bonds and no maturity shall in any event be more than 40 years from the date of the bonds. The bonds shall be called building authority revenue bonds, or, in the case of bonds issued to refund outstanding bonds, the bonds shall be called building authority revenue refunding bonds. History: Add. 1973, Act 110, Imd. Eff. Aug. 19, 1973 ;-- Am. 1980, Act 74, Imd. Eff. Apr. 3, 1980
MI Comp L § 123.961b (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.961b - Ordinance or Resolution Authorizing Issuance of Bonds; Adoption; Contents.

123.961b Ordinance or resolution authorizing issuance of bonds; adoption; contents. Sec. 11b.  The ordinance or resolution authorizing issuance of bonds shall become effective upon its adoption unless otherwise specified in the ordinance or resolution and shall be recorded in the minutes of the commission as soon as practicable after its passage. The provisions of this section shall constitute the sole requirements with respect to the adoption of any such ordinance or resolution. The ordinance or resolution authorizing the bonds shall set forth a brief description of the contract of lease, the contemplated project, the estimated cost of the contemplated project, the estimated period of usefulness of the contemplated project, and the amount and maximum rate of interest and time of payment of the bonds. History: Add. 1973, Act 110, Imd. Eff. Aug. 19, 1973 ;-- Am. 1980, Act 74, Imd. Eff. Apr. 3, 1980
MI Comp L § 123.961c (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.961c - Repealed. 2002, Act 306, Imd. Eff. May 13, 2002.

123.961c Repealed. 2002, Act 306, Imd. Eff. May 13, 2002. Compiler's Notes: The repealed section pertained to payment, redemption, execution, and tax exemption of serial and term bonds.
MI Comp L § 123.961d (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.961d - Bonds; Statutory Lien.

123.961d Bonds; statutory lien. Sec. 11d.  There shall be created in the authorizing ordinance or resolution a lien by this act made a statutory lien upon the cash rental payments required to be paid by the contract of lease which are pledged to the payment of the principal of and interest on the bonds to and in favor of the holders of the bonds and the interest coupons pertaining thereto. The amounts so pledged shall be and remain subject to the statutory lien until the payment in full of the principal of and interest on the bonds. The holder or holders of bonds representing in the aggregate not less than 20% of the entire issue then outstanding may by suit, action, or other proceedings protect and enforce such statutory lien and enforce and compel the performance of all duties of the officials of the authority, including, but not limited to, compelling the incorporating unit or units by proceedings in a court of competent jurisdiction or other appropriate forum to make the cash rental payments required to be made by the contract of lease, and requiring the incorporating unit or units to certify, levy, and collect appropriate taxes as herein authorized and as may be required by the contract of lease to be so certified, levied, and collected by the incorporating unit or units for the payment of the cash rental required to be paid by the contract of lease. History: Add. 1973, Act 110, Imd. Eff. Aug. 19, 1973
MI Comp L § 123.961e (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.961e - Bonds; Use and Disposition of Proceeds.

123.961e Bonds; use and disposition of proceeds. Sec. 11e.  All moneys received from the sale of bonds shall be used solely for the purpose for which the bonds were authorized including any engineering, architectural, legal, and other expenses incident thereto and to the issuance of the bonds and including also the payment of the interest on the bonds during a period not to exceed the first 3 years following the date of the bonds and an amount required for the project for operation and maintenance, if appropriate, prior to the receipt of the first revenues from the operation of the project by the incorporating unit or units. Any unexpended balance of the proceeds of sale of the bonds remaining after completion of the project for which issued may be used for the improvements or enlargement of the project for which issued or for other projects of the authority leased to the incorporating unit or units if such use is approved by the department of treasury and the incorporating unit or units. Any remaining balance shall be paid into the bond and interest redemption fund of the authority for the bonds in which event the incorporating unit or units may be provided a credit against the cash rental payments next due under contract of lease to the extent of the moneys so deposited in the manner provided in the ordinance or resolution authorizing the bonds. History: Add. 1973, Act 110, Imd. Eff. Aug. 19, 1973 ;-- Am. 1983, Act 29, Imd. Eff. May 6, 1983
MI Comp L § 123.961f (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.961f - Additional Bonds.

123.961f Additional bonds. Sec. 11f.  The commission in the ordinance or resolution authorizing the bonds may provide for issuance of 1 or more series of additional bonds to complete the project for which the bonds are issued or to make improvements or additions thereto under the terms and conditions as shall be prescribed in the ordinance or resolution authorizing the bonds, one of which shall be a requirement of a sufficient increase in the cash rentals required to be paid under the contract of lease to permit payment of the principal and interest on the additional bonds. The additional bonds when sold and delivered shall have equal standing with those issued in the first instance. The provisions of this act providing for annual installments and the amount thereof and the due date of the first installment for serial bonds shall not be controlling as to additional series of bonds. The bonds issued in the original instance, any additional bonds of equal standing then outstanding, and the proposed additional bonds shall be treated as a single issue for purposes of complying with the requirements of this act for the due date of the first installment and for annual installments with respect to serial bonds. History: Add. 1973, Act 110, Imd. Eff. Aug. 19, 1973
MI Comp L § 123.961g (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.961g - Bond and Interest Redemption Fund.

123.961g Bond and interest redemption fund. Sec. 11g.  The ordinance or resolution authorizing the bonds shall establish a bond and interest redemption fund into which shall be paid all cash rentals required to be paid by the incorporating unit or units under the contract of lease which are pledged for the payment of bonds issued under this act and such other sums as shall be required by the ordinance or resolution to be paid therein and shall establish such other funds and accounts and provide for deposits thereto as the governing body shall prescribe in the ordinance or resolution authorizing the bonds. All moneys in the funds and accounts established by the ordinance or resolution authorizing the bonds, including the proceeds of sale of the bonds, shall be deposited with 1 or more banks designated by the commission. Moneys in the bond and interest redemption fund shall be kept in a separate depository account kept with 1 or more of the banks or trust companies where the principal of and interest on the bonds are payable. Moneys in the several funds and accounts may be invested in United States government obligations or obligations the principal of and interest on which are guaranteed by the United States government or in interest bearing time deposits as shall be determined by the commission in the ordinance or resolution authorizing the bonds. History: Add. 1973, Act 110, Imd. Eff. Aug. 19, 1973
MI Comp L § 123.961h (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.961h - Redemption of Bonds Prior to Maturity.

123.961h Redemption of bonds prior to maturity. Sec. 11h.  The commission may make provision in the ordinance or resolution authorizing the bonds for the redemption thereof prior to maturity. History: Add. 1973, Act 110, Imd. Eff. Aug. 19, 1973
MI Comp L § 123.961i (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.961i - Repealed. 2002, Act 306, Imd. Eff. May 13, 2002.

123.961i Repealed. 2002, Act 306, Imd. Eff. May 13, 2002. Compiler's Notes: The repealed section pertained to issuance of bonds by municipal finance commission or successor agency.
MI Comp L § 123.961j (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.961j - Bonds Subject to Revised Municipal Finance Act; Tax Exemption.

123.961j Bonds subject to revised municipal finance act; tax exemption. Sec. 11j.  (1) All bonds authorized under this act are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.  (2) The principal and interest on bonds issued under this act are exempt from taxation by this state and by any other taxing authority within this state. History: Add. 1973, Act 110, Imd. Eff. Aug. 19, 1973 ;-- Am. 1978, Act 365, Imd. Eff. July 22, 1978 ;-- Am. 1980, Act 74, Imd. Eff. Apr. 3, 1980 ;-- Am. 1983, Act 29, Imd. Eff. May 6, 1983 ;-- Am. 2002, Act 306, Imd. Eff. May 13, 2002
MI Comp L § 123.961k (2021)
2021 Michigan Compiled Laws|Chapter 123 - Local Government|Act 31 of 1948 (1st Ex. Sess.) - Building Authorities (123.951 - 123.965)|Section 123.961k - Repealed. 2002, Act 306, Imd. Eff. May 13, 2002.

123.961k Repealed. 2002, Act 306, Imd. Eff. May 13, 2002. Compiler's Notes: The repealed section pertained to bonds issued to refund outstanding bonds.