Michigan § 141.1006 - Bonds or obligations; terms and conditions.
Full text of Michigan Michigan Compiled Laws § 141.1006 — Bonds or obligations; terms and conditions., with citation guidance and answers to common questions.
§ 141.1006. Bonds or obligations; terms and conditions.
The bonds or obligations may be serial bonds or term bonds or a combination of serial and term bonds, shall mature in not more than 30 years, may bear interest at a rate or rates, may be subject to redemption prior to maturity with or without premium, may be sold in 1 or more series at public or private sale at a discount of not to exceed 10% of the principal amount of the bonds or obligations, and may have other terms and conditions all as determined by resolution of the legislative body of the city or county.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 141.1006
What does Michigan Compiled Laws § 141.1006 cover?
Section 141.1006 ("Bonds or obligations; terms and conditions.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 141.1006?
A common citation format is "Michigan Compiled Laws § 141.1006" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 141.1006 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.