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Act 639 of 1978
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Act 639 of 1978

AN ACT to authorize the establishing of port authorities in cities and counties; to prescribe the powers and duties of port authorities, cities, and counties; to authorize the incurrence of contract obligations and the issuance and payment of bonds or other evidences of indebtedness; to provide for a pledge by a city or county of its full faith and credit for the payment of contract obligations entered into under this act and the levy of taxes without limitation as to rate or amount to the extent necessary; to validate obligations issued; to provide for the adoption of a port facilities plan; to provide for the financing of the operating budget of port authorities; to prescribe penalties and provide remedies; and to repeal acts and parts of acts.

History: 1978, Act 639, Imd. Eff. Jan. 11, 1979 ;-- Am. 1998, Act 188, Eff. Mar. 23, 1999

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 120.101SectionShort title.
Section 120.102SectionDefinitions.
Section 120.103SectionPort authority; exercise of powers and duties; jurisdiction.
Section 120.104SectionPort authority; incorporation; recommendations; articles of incorporation; body corporate and politic; public purpose.
Section 120.105SectionPort authority; appointment and terms of members; vacancy; reappointment; chairperson, vice-chairperson, and secretary-treasurer; quorum; voting; expenses; liability.
Section 120.106SectionBond of secretary-treasurer.
Section 120.107SectionAdvisory committees and councils.
Section 120.108SectionPort authority; powers generally.
Section 120.109SectionPort authority; additional powers.
Section 120.110SectionPort authority; additional powers.
Section 120.111SectionPort authority; liability.
Section 120.112SectionAcquisition of property by purchase, lease, or condemnation; sale or removal of structures; sale or lease of property.
Section 120.113SectionContracts for acquisition, improvement, enlargement, or extension of port facilities; payment of cost; pledge of full faith and credit; tax levy; methods of raising funds; assessment of costs.
Section 120.114SectionRevenue bonds; applicability of revenue bond act; revenue bonds payable solely from revenues or income.
Section 120.114aSectionViolation of MCL 168.1 to 168.992 applicable to petitions; penalties.
Section 120.115SectionRevenue bonds; form; date; denomination; place of payment; redemption; validity of signature or facsimile; issuance in coupon or registered form; registration, reconversion, and interchange of bonds.
Section 120.116SectionRevenue bonds; trust agreement.
Section 120.117SectionBonds as securities; investment; deposit.
Section 120.118SectionAdditional bonds for acquisition of port facilities; authorization; resolution; issuance and execution of bonds; seal; negotiable instruments; maturities; payment; tax exemption; issuance of bonds or notes subject to revised municipal finance act.
Section 120.119SectionValidation of bonds or notes; contesting validity.
Section 120.120SectionContract for use of port facilities; increase in charges; duration of contract.
Section 120.121SectionDock, waterfront, or riparian property; transfer, possession, or control.
Section 120.122SectionTax exemption.
Section 120.123SectionPlan for future development, construction, and improvement of port and facilities; notice; comments; hearing; adoption; modification, amendment, or extension; plans for specific projects.
Section 120.124SectionOperating budget.
Section 120.125SectionSurplus of unencumbered funds; disposition.
Section 120.126SectionEntry on lands, waters, and premises; purpose; reimbursement for actual damages.
Section 120.127SectionEmployees of port authority; transfer and payment of sick leave and annual leave; salary rate; job seniority and pension rights.
Section 120.128SectionAnnual report; audit.
Section 120.129SectionLiberal construction; powers cumulative.
Section 120.130SectionRepeal of MCL 120.1 to 120.35; effective date of subsection (1).
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