Act 338 of 1974 Economic Development Corporations Act (125.1601 - 125.1636)

Act 338 of 1974 Economic Development Corporations Act (125.1601 - 125.1636)

Section 125.1601 Short Title.
Section 125.1602 Legislative Finding.
Section 125.1603 Definitions.
Section 125.1604 Economic Development Corporation; Incorporation; Application; Notice; Hearing; Approval; Board of Directors; Appointment, Qualifications, Terms, and Compensation of Directors; Public Meetings; Directors as Public Officers; Expiration; Vacancy; Removal; Disclosure of Interest; Planning Commission of Certain Municipalities Serving as Board of Directors.
Section 125.1605 Approval of Application to Incorporate and Articles of Incorporation by Resolution; Incorporation Pursuant to Mcl 125.1628 to 125.1636.
Section 125.1606 Organization of Corporation at Municipal and County Levels; Limitation.
Section 125.1606a Subsidiary Neighborhood Development Corporation; Creation; Powers; Exemption From Prevailing Wage and Fringe Benefit Rate Requirements; Disposition of Surplus From Sale of Property; Repayment of Bonds or Notes.
Section 125.1607 Powers of Corporation Generally.
Section 125.1607a Pledge by Corporation; Validity; Lien; Filing or Recording Instruments Not Required.
Section 125.1607b Board of Directors Serving as Planning Commission; Agenda.
Section 125.1608 Designation of Project Area; Certification of Approval; Preparation and Approval of Project Plan; Transfer of Employment; Contents of Project Plan; Corporation as Instrumentality of Political Subdivision; Notice to Vacate; Corporation to Operate Project as Lessor; Issuance of Obligations; Project Plans for Agricultural and Forestry Enterprises.
Section 125.1609 Project Plan; Findings and Recommendations of Local Public Agency; Determinations; Publication of General Standards for Project Plans; Local Public Agency Recommendations Concerning Project Plan Not Required.
Section 125.1610 Project Plan; Submission of Findings and Recommendations; Determination of Public Purpose; Considerations.
Section 125.1611 Amendments to Project Plan; Compliance With Local Ordinances and Resolutions.
Section 125.1612 Establishment of Project District Area Boundaries; Project Citizens District Council; Establishment; Appointment and Qualifications of Members; Council as Representative of Project Area.
Section 125.1613 Project Citizens District Council as Advisory Body.
Section 125.1614 Consultation Between Representative of Corporation and Project Citizens District Council.
Section 125.1615 Project Citizens District Council; Meetings; Notice; Right of Person to Be Heard; Record of Meeting; Information and Technical Assistance; Conditions to Adoption of Project Plan.
Section 125.1616 Existing Citizens District Council as Authorized Projects Citizens District Council.
Section 125.1617 Public Hearing Before Adoption of Resolution Approving Project Plan; Notice; Record of Public Hearing; Availability of Record to Public.
Section 125.1618 Finding and Recommendations of Project Citizens District Council; Notice.
Section 125.1619 Revision of Boundaries of Project District Area.
Section 125.1620 Situations Not Requiring Project Citizens District Council; Dissolution of Council.
Section 125.1621 Injunction, Mandamus, or Other Appropriate Remedy at Law; Equitable Relief.
Section 125.1622 Condemnation.
Section 125.1623 Borrowing Money and Issuing Revenue Bonds or Revenue Notes; Issuing Refunding Bonds; Bonds or Notes and Interest Exempt From Taxation; Exceptions; Liability of Municipality on Notes or Bonds; Statement; Investment in Bonds and Notes; Deposit of Bonds and Notes; Report; Inspection of Records and Reports; Publication and Distribution of Statement of Revenues and Expenditures.
Section 125.1624 Disposition of Net Earnings and Property Upon Dissolution of Corporation.
Section 125.1625 Exemption of Corporation and Instruments of Conveyance From Taxation.
Section 125.1626 Repealed. 1976, Act 175, Imd. Eff. June 29, 1976.
Section 125.1627 Powers of Public Bodies.
Section 125.1628 Incorporation of Economic Development Corporation; Name of Corporation.
Section 125.1629 Articles of Incorporation; Approval by Resolution; Contents.
Section 125.1630 Amendment of Articles of Incorporation.
Section 125.1631 Articles of Incorporation; Execution; Delivery; Filing; Publication; Statement of Right to Question Incorporation; Certificate; Effective Date and Validity of Incorporation.
Section 125.1632 Corporation as Body Corporate; Powers.
Section 125.1632a Personal Liability of Board Members; Insurance.
Section 125.1633 Dissolution of Corporation; Referendum on Continued Existence of Corporation.
Section 125.1634 Corporations Organized and Incorporated Pursuant to Mcl 450.62 to 450.192; Validation, Force, and Effect of Prior Actions.
Section 125.1634a Corporation Deemed Validly Incorporated; Validity of Action Taken by Corporation Under Act; Validity and Legality of Evidences of Indebtedness and Related Instruments.
Section 125.1635 Liberal Construction.
Section 125.1636 Authority Cumulative.

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