Amendment of articles of incorporation.

Sec. 30. The articles of incorporation of the corporation may be amended by resolution of the municipality which resolution shall be filed with the secretary of state. The effect of an amendment may include the alteration or changing of the structure, organization, programs, or activities of the corporation including the power to terminate the existence of the corporation. However, an amendment shall not impair the obligation of a bond or contract. History: Add. 1976, Act 175, Imd. Eff. June 29, 1976; Am. 1978, Act 467, Imd. Eff. Oct. 16, 1978; Am. 1980, Act 501, Imd. Eff. Jan. 22, 1981