CHAPTER 1041
Water and Sewer System Refunding Bonds, Series 2016 (Limited Tax General Obligation)
1041.01   Definitions.
1041.02   Necessity; approval of plans and specifications.
1041.03   Costs; useful life.
1041.04   Payment of cost; bond authorized.
1041.05   Issuance of bond; details.
1041.06   Registration and transfer.
1041.07   Payment of bond; security.
1041.08   Bondholders’ rights; receiver.
1041.09   Management; fiscal year.
1041.10   No free service or use.
1041.11   Fixing and revising rates; rate covenant.
1041.12   Funds and accounts; flow of funds.
1041.13   Priority of funds.
1041.14   Investments.
1041.15   Bond proceeds.
1041.16   Bond form.
1041.17   General covenants.
1041.18   Additional bonds.
1041.19   Negotiated sale; application to MDEQ, Authority and the Michigan Department of the Treasury; execution of documents.
1041.20   Covenant regarding tax exempt status of the bond.
1041.21   Approval of bond details.
1041.22   Repeal, savings clause.
1041.23   Severability; paragraph headings; and conflict.
1041.24   Publication and recordation.
1041.25   Effective date.