Section 125.2844 - Authority; establishment of multiple authority; powers of authority as body corporate. - Michigan Statutes

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Statutes > Michigan > Chapter-125 > Act-530-of-2004 > Section-125-2844

HISTORICAL NEIGHBORHOOD TAX INCREMENT FINANCE AUTHORITY ACT (EXCERPT)
Act 530 of 2004

125.2844 Authority; establishment of multiple authority; powers of authority as body corporate.

Sec. 4.

(1) Except as otherwise provided in this subsection, a municipality may establish multiple authorities inside a historic district. A parcel of property shall not be included in more than 1 authority created under this act.

(2) An authority is a public body corporate that may sue and be sued in any court of this state. An authority possesses all the powers necessary to carry out its purpose. The enumeration of a power in this act shall not be construed as a limitation upon the general powers of an authority.

History: 2004, Act 530, Imd. Eff. Jan. 3, 2005

State Codes and Statutes

Statutes > Michigan > Chapter-125 > Act-530-of-2004 > Section-125-2844

HISTORICAL NEIGHBORHOOD TAX INCREMENT FINANCE AUTHORITY ACT (EXCERPT)
Act 530 of 2004

125.2844 Authority; establishment of multiple authority; powers of authority as body corporate.

Sec. 4.

(1) Except as otherwise provided in this subsection, a municipality may establish multiple authorities inside a historic district. A parcel of property shall not be included in more than 1 authority created under this act.

(2) An authority is a public body corporate that may sue and be sued in any court of this state. An authority possesses all the powers necessary to carry out its purpose. The enumeration of a power in this act shall not be construed as a limitation upon the general powers of an authority.

History: 2004, Act 530, Imd. Eff. Jan. 3, 2005

State Codes and Statutes

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State Codes and Statutes

Statutes > Michigan > Chapter-125 > Act-530-of-2004 > Section-125-2844

HISTORICAL NEIGHBORHOOD TAX INCREMENT FINANCE AUTHORITY ACT (EXCERPT)
Act 530 of 2004

125.2844 Authority; establishment of multiple authority; powers of authority as body corporate.

Sec. 4.

(1) Except as otherwise provided in this subsection, a municipality may establish multiple authorities inside a historic district. A parcel of property shall not be included in more than 1 authority created under this act.

(2) An authority is a public body corporate that may sue and be sued in any court of this state. An authority possesses all the powers necessary to carry out its purpose. The enumeration of a power in this act shall not be construed as a limitation upon the general powers of an authority.

History: 2004, Act 530, Imd. Eff. Jan. 3, 2005