Act 639 of 1978 Hertel-Law-T. Stopczynski Port Authority Act (120.101 - 120.130)

Act 639 of 1978 Hertel-Law-T. Stopczynski Port Authority Act (120.101 - 120.130)

Section 120.101 Short Title.
Section 120.102 Definitions.
Section 120.103 Port Authority; Exercise of Powers and Duties; Jurisdiction.
Section 120.104 Port Authority; Incorporation; Recommendations; Articles of Incorporation; Body Corporate and Politic; Public Purpose.
Section 120.105 Port Authority; Appointment and Terms of Members; Vacancy; Reappointment; Chairperson, Vice-Chairperson, and Secretary-Treasurer; Quorum; Voting; Expenses; Liability.
Section 120.106 Bond of Secretary-Treasurer.
Section 120.107 Advisory Committees and Councils.
Section 120.108 Port Authority; Powers Generally.
Section 120.109 Port Authority; Additional Powers.
Section 120.110 Port Authority; Additional Powers.
Section 120.111 Port Authority; Liability.
Section 120.112 Acquisition of Property by Purchase, Lease, or Condemnation; Sale or Removal of Structures; Sale or Lease of Property.
Section 120.113 Contracts 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 120.114 Revenue Bonds; Applicability of Revenue Bond Act; Revenue Bonds Payable Solely From Revenues or Income.
Section 120.114a Violation of Mcl 168.1 to 168.992 Applicable to Petitions; Penalties.
Section 120.115 Revenue 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 120.116 Revenue Bonds; Trust Agreement.
Section 120.117 Bonds as Securities; Investment; Deposit.
Section 120.118 Additional 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 120.119 Validation of Bonds or Notes; Contesting Validity.
Section 120.120 Contract for Use of Port Facilities; Increase in Charges; Duration of Contract.
Section 120.121 Dock, Waterfront, or Riparian Property; Transfer, Possession, or Control.
Section 120.122 Tax Exemption.
Section 120.123 Plan for Future Development, Construction, and Improvement of Port and Facilities; Notice; Comments; Hearing; Adoption; Modification, Amendment, or Extension; Plans for Specific Projects.
Section 120.124 Operating Budget.
Section 120.125 Surplus of Unencumbered Funds; Disposition.
Section 120.126 Entry on Lands, Waters, and Premises; Purpose; Reimbursement for Actual Damages.
Section 120.127 Employees of Port Authority; Transfer and Payment of Sick Leave and Annual Leave; Salary Rate; Job Seniority and Pension Rights.
Section 120.128 Annual Report; Audit.
Section 120.129 Liberal Construction; Powers Cumulative.
Section 120.130 Repeal of Mcl 120.1 to 120.35; Effective Date of Subsection (1).

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