Mich. Comp. Laws § 123.152

Current through Public Act 122 of the 2024 Legislative Session

Section 123.152 - Joint source; cities having outstanding water revenue bonds

If any city issuing bonds hereunder shall then have outstanding other water revenue bonds which constitute a prior lien on the revenues of the city's water system, bonds may be issued hereunder in such manner as to be subordinate to the outstanding bonds.

MCL 123.152

1945, Act 130, Imd. Eff. 4/27/1945 ;--CL 1948, 123.152.