Michigan § 72.4 - Authorized village lighting; borrowing; limitation; payment; bonds; terms.
Full text of Michigan Michigan Compiled Laws § 72.4 — Authorized village lighting; borrowing; limitation; payment; bonds; terms., with citation guidance and answers to common questions.
§ 72.4. Authorized village lighting; borrowing; limitation; payment; bonds; terms.
A village may borrow a sum of money not exceeding 5% of the taxable value of the property in the village as shown by the last preceding tax roll, to be used exclusively for the purpose of purchasing or constructing and maintaining lighting works as provided in this chapter. The council may fix the time and place of the payment of the principal and interest of the debt contracted under the provisions of this chapter, and issue bonds of the village for those purposes. Bonds issued under this section are subject to the revised municipal finance act, 2001 PA 34, MCL 141.2101 to 141.2821.
The total amount expended for the purchase or construction of the lighting works shall not exceed the amount of the estimate of expense provided for in section 3 of this chapter.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 72.4
What does Michigan Compiled Laws § 72.4 cover?
Section 72.4 ("Authorized village lighting; borrowing; limitation; payment; bonds; terms.") 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 § 72.4?
A common citation format is "Michigan Compiled Laws § 72.4" (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 § 72.4 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.