Michigan § 69.25 - Loans; issuance and execution of bonds; validation of prior bonds or indebtedness.
Full text of Michigan Michigan Compiled Laws § 69.25 — Loans; issuance and execution of bonds; validation of prior bonds or indebtedness., with citation guidance and answers to common questions.
§ 69.25. Loans; issuance and execution of bonds; validation of prior bonds or indebtedness.
A loan may not be made by the council or by its authority in any year, exceeding the amounts prescribed in this act. For a loan lawfully made, the bonds of the village may be issued subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821. The bonds shall be executed in the manner directed by the council. Bonds issued or indebtedness incurred by a village before January 30, 1974 are validated.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 69.25
What does Michigan Compiled Laws § 69.25 cover?
Section 69.25 ("Loans; issuance and execution of bonds; validation of prior bonds or indebtedness.") 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 § 69.25?
A common citation format is "Michigan Compiled Laws § 69.25" (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 § 69.25 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.