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Form a Business

Bonds.

MCL 68.35
in effect
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68.35. Bonds. Sec. 35. The village council may borrow money and issue bonds of the village therefor in anticipation of the payment of special assessments in 1 or more special assessment districts, which bonds may be an obligation of the special assessment district or may be both an obligation of the special assessment district and a general obligation of the village. The village council may issue general obligation bonds to defray that portion of the cost and expense of a local public improvement chargeable to the village at large. Add. 1974, Act 4, Imd. Eff. Jan. 30, 1974
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-68-35Fetched: 10/20/2026

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