ARTICLE I. IN GENERAL
(A) The application dated March 4, 1977 and the articles of incorporation of the Economic Development Corporation of the City of Sterling Heights are approved and adopted.
(B) A certified copy of the ordinance from which this section is derived is directed to be filed with the Secretary of State of the State of Michigan in accordance with Public Act 338 of 1974, § 5, being M.C.L.A. § 125.1605, as amended, and the applicants in said application dated March 4, 1977 are thereafter authorized to incorporate the Economic Development Corporation of the City of Sterling Heights as a public corporation pursuant to Public Act 338 of 1974, as amended.
(C) The articles of incorporation of the Economic Development Corporation of the City of Sterling Heights, as approved in this section, may be amended from time to time by amendatory ordinance, which amendments shall be filed with the Secretary of State of the State of Michigan.
(D) The articles of incorporation shall be executed in duplicate and delivered to the Clerk of the County of Macomb, who shall file one copy in his or her office and the other with the recording officer of the Economic Development Corporation of the City of Sterling Heights, when such an officer is selected. The Clerk of the City of Sterling Heights shall cause a copy of the articles of incorporation to be published once in the Advisor Newspaper of Utica, Michigan, accompanied by a statement that the right exists to question the incorporation in court, as provided in Public Act 338 of 1974, § 31, being M.C.L.A. § 125.1631, as amended.
(1978 Code, § 2-1)
Statutory reference:
The act referred to above is codified in M.S.A. §§ 5.3520(1) et seq.; M.C.L. § 125.1601
All cash deposits or cash bonds heretofore deposited or posted with the various departments of the City of Sterling Heights pursuant to ordinances or resolutions of the city, which have been held by the city for a period of two years after the sum is deemed to be refundable by the city and which have not been used for the purpose intended, shall be declared canceled and forfeited and transferred from the fund in which it may have been deposited to the city’s General Fund; provided, however, that prior to the transfer, the City Treasurer shall, by certified mail, send a notification to the depositor and/or its principals at their last known address, notifying them that unless the cash deposit or bond is claimed within 30 days from the date of mailing of the notice, the deposit or bond shall be canceled and/or forfeited and the funds shall be transferred to the city’s General Fund.
All cash deposits or bonds hereafter deposited with the City of Sterling Heights to guarantee performance required under various ordinances, which have not been refunded by the department requiring the deposit or bond or which have not been used for the purpose intended, shall be forfeited two years after the sum is deemed to be refundable by the city, unless the depositor has previously made a written request for refund. Notice of the forfeiture shall be given by the City Treasurer by certified mail to the depositor or its principals at their last known address, notifying them that a claim must be filed within 30 days from the mailing of the notice. All such forfeitures shall be deposited in the city’s General Fund.
After the expiration of the 30 day period, all claims by the principal or surety, their successors and/or assigns shall be invalid and unenforceable.
(1978 Code, § 2-2; Ord. No. 205, §§ 1, 2, 3-7-79)
Cross reference:
Building regulations, see Ch. 11;
Water and sewers, see Ch. 53
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