HomeMy WebLinkAboutResolutions - 1973.02.15 - 10397PUBLIC WORKS COMMITTEE
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Miscellaneous Resolution 6231
BY: PUBLIC WORKS COMMITTEE - Robert F. Patnales, Chairman
February 15, 1973
IN RE: PROPOSED AMENDMENT TO SECTION 26 OF ACT 278, P.A. 1909,
AS AMENDED
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairman, Ladies and Gentlemen:
WHEREAS the Public Works Committee and the Legislative Committee concur
in the recommendation of the Board of Public Works that the following proposed
amendatory legislation be made an item of the 1973 County Legislative Program:
HOME RULE VILLAGE
Amendment of Act No. 278 of Public Acts of 1909, as amended
(M.S. A. 55.1511 et seq. )
Amend Section 26 to read as follows:
(Reword subsection Li) only)
Sec. 26 (i) To incur indebtedness by the issue of bonds or otherwise,
EXCLUDING THE OBLIGATIONS EXCEPTED HEREIN AND BY OTHER
PROVISIONS OF LAW AND EXCLUDING OBLIGATIONS INCURRED FOR
WATER SUPPLY, SEWAGE AND REFUSE DISPOSAL AND OTHER PUBLIC
HEALTH PROJECTS in any sum which, including existing indebtedness, shall
exceed 15% of the assessed valuation of the real and personal property
within the village subject to taxation as shown by the last preceding assessment
roll of the village. Bonds issued in anticipation of the collection of special
assessments shall not be included in this limitation. Moneys on hand in a
sinking fund limited to the payment of indebtedness may be treated as a
reduction of such indebtedness to that extent. In case of fire, flood or other
calamity requiring an emergency fund for the relief of the inhabitants of the
village, or for the repairing or rebuilding of any of its municipal buildings,
works, bridges or streets, the legislative body of the village may borrow money
due in not more than 3 years and in an amount not exceeding 1/4 of 1% of the
assessed valuation of such village, notwithstanding such loan may increase the
indebtedness of such village beyond the limitations fixed by its charter or in this
act. When a village is authorized to acquire or operate any public utility, it
may issue mortgage bonds therefor beyond the general limit of bonded indebtedness
prescribed by law. Such mortgage bonds issued beyond the limit of general
indebtedness prescribed by law shall not impose any liability upon the village,
but shall be secured only upon the property and revenues of such public utility,
including a franchise, stating the terms upon which, in case of foreclosure, the
purchaser may operate the same; which franchise shall in no case extend for a
longer period than 20 years from the date of the sale of such utility and franchise
on foreclosure.
NOW THEREFORE BE IT RESOLVED that amendatory legislation as set forth above
be and is hereby approved as an item of the 1973 County Legislative Program.
The Public Works Committee, by Robert F. Patnales, Chairman, Moves the adoption
of the foregoing resolution.
Moved by Patnales supported by Walker the resolution be adopted.
A sufficient majority having voted therefor, the resolution
was adopted.
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
I, Lynn D. Allen, Clerk of the County of Oakland and
having a seal, do hereby certify that I have compared the annexed copy of
Resolution #623I adopted by the Oakland County Board of Commissioners
at their February 15, 1973 meeting
with the original record thereof now remaining in my
office, and that it is a true and correct transcript
therefrom, and of the whole thereof.
In Testimony Whereof, I have hereunto set my hand and
affixed the seal of said County at Pontiac, Michigan
15th February 73 this day of In
Lynn D. Allen Clerk