Michigan · Statutes
Act Act-338-of-1974
40 sections
40 sections
- Mich. Comp. Laws § 125.1601Short title.
- Mich. Comp. Laws § 125.1602Legislative finding.
- Mich. Comp. Laws § 125.1603Definitions.
- Mich. Comp. Laws § 125.1604Economic development corporation; incorporation; application; notice; hearing; approval; board of directors; appointment, qualifications, terms, and compensation of directors; public meetings; directors as public officers; expiration; vacancy; removal; disclosure of interest; planning commission of certain municipalities serving as board of directors.
- Mich. Comp. Laws § 125.1605Approval of application to incorporate and articles of incorporation by resolution; incorporation pursuant to MCL 125.1628 to 125.1636.
- Mich. Comp. Laws § 125.1606Organization of corporation at municipal and county levels; limitation.
- Mich. Comp. Laws § 125.1606aSubsidiary neighborhood development corporation; creation; powers; exemption from prevailing wage and fringe benefit rate requirements; disposition of surplus from sale of property; repayment of bonds or notes.
- Mich. Comp. Laws § 125.1607Powers of corporation generally.
- Mich. Comp. Laws § 125.1607aPledge by corporation; validity; lien; filing or recording instruments not required.
- Mich. Comp. Laws § 125.1607bBoard of directors serving as planning commission; agenda.
- Mich. Comp. Laws § 125.1608Designation of project area; certification of approval; preparation and approval of project plan; transfer of employment; contents of project plan; corporation as instrumentality of political subdivision; notice to vacate; corporation to operate project as lessor; issuance of obligations; project plans for agricultural and forestry enterprises.
- Mich. Comp. Laws § 125.1609Project plan; findings and recommendations of local public agency; determinations; publication of general standards for project plans; local public agency recommendations concerning project plan not required.
- Mich. Comp. Laws § 125.1610Project plan; submission of findings and recommendations; determination of public purpose; considerations.
- Mich. Comp. Laws § 125.1611Amendments to project plan; compliance with local ordinances and resolutions.
- Mich. Comp. Laws § 125.1612Establishment of project district area boundaries; project citizens district council; establishment; appointment and qualifications of members; council as representative of project area.
- Mich. Comp. Laws § 125.1613Project citizens district council as advisory body.
- Mich. Comp. Laws § 125.1614Consultation between representative of corporation and project citizens district council.
- Mich. Comp. Laws § 125.1615Project citizens district council; meetings; notice; right of person to be heard; record of meeting; information and technical assistance; conditions to adoption of project plan.
- Mich. Comp. Laws § 125.1616Existing citizens district council as authorized projects citizens district council.
- Mich. Comp. Laws § 125.1617Public hearing before adoption of resolution approving project plan; notice; record of public hearing; availability of record to public.
- Mich. Comp. Laws § 125.1618Finding and recommendations of project citizens district council; notice.
- Mich. Comp. Laws § 125.1619Revision of boundaries of project district area.
- Mich. Comp. Laws § 125.1620Situations not requiring project citizens district council; dissolution of council.
- Mich. Comp. Laws § 125.1621Injunction, mandamus, or other appropriate remedy at law; equitable relief.
- Mich. Comp. Laws § 125.1622Condemnation.
- Mich. Comp. Laws § 125.1623Borrowing money and issuing revenue bonds or revenue notes; issuing refunding bonds; bonds or notes and interest exempt from taxation; exceptions; liability of municipality on notes or bonds; statement; investment in bonds and notes; deposit of bonds and notes; report; inspection of records and reports; publication and distribution of statement of revenues and expenditures.
- Mich. Comp. Laws § 125.1624Disposition of net earnings and property upon dissolution of corporation.
- Mich. Comp. Laws § 125.1625Exemption of corporation and instruments of conveyance from taxation.
- Mich. Comp. Laws § 125.1627Powers of public bodies.
- Mich. Comp. Laws § 125.1628Incorporation of economic development corporation; name of corporation.
- Mich. Comp. Laws § 125.1629Articles of incorporation; approval by resolution; contents.
- Mich. Comp. Laws § 125.1630Amendment of articles of incorporation.
- Mich. Comp. Laws § 125.1631Articles of incorporation; execution; delivery; filing; publication; statement of right to question incorporation; certificate; effective date and validity of incorporation.
- Mich. Comp. Laws § 125.1632Corporation as body corporate; powers.
- Mich. Comp. Laws § 125.1632aPersonal liability of board members; insurance.
- Mich. Comp. Laws § 125.1633Dissolution of corporation; referendum on continued existence of corporation.
- Mich. Comp. Laws § 125.1634Corporations organized and incorporated pursuant to MCL 450.62 to 450.192; validation, force, and effect of prior actions.
- Mich. Comp. Laws § 125.1634aCorporation deemed validly incorporated; validity of action taken by corporation under act; validity and legality of evidences of indebtedness and related instruments.
- Mich. Comp. Laws § 125.1635Liberal construction.
- Mich. Comp. Laws § 125.1636Authority cumulative.