HomeMy WebLinkAboutResolutions - 1973.02.15 - 10398Miscellaneous Resolution 6232 February 15, 1973
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BY: PUBLIC WORKS COMMITTEE - Robert F. Patnales, Chairman
IN RE: PROPOSED AMENDMENT TO SECTION 140 OF ACT 359, P.A. 1947,
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:
CHARTER TOWNSHIPS
Amendment of Act No. 359 of Public Acts of 1947, as amended
(M.S. A. 55.46 [11 et seq. )
Amend Section 14a to read as follows:
"Sec. 14a. The Township may borrow money and issue bonds on the
credit of the township for the purpose of constructing or otherwise
acquiring any public improvement which the township is authorized to
construct or otherwise acquire by any of the provisions of this act or any
other act relating to public improvements by townships, upon approval
thereof by a majority of the electors voting thereon at any general or
special election. The net indebtedness of the township incurred for all
public purposes shall at no time exceed 15 per cent of the assessed value
of all real and personal property in the Township. In computing net
indebtedness for the purposes hereof, bonds issued in anticipation of the
collection of special assessments even though they are also general obligations
of the township, OBLIGATIONS EXCEPTED BY OTHER PROVISIONS OF
LAW AND OBLIGATIONS INCURRED FOR WATER SUPPLY, SEWAGE AND
REFUSE DISPOSAL AND OTHER PUBLIC HEALTH PROJECTS, shall not be
included, and the resources of the sinking fund or debt retirement fund
pledged for retirement of any outstanding bonds shall also be deducted from
the amount of the bonded indebtedness. Bonds OF THE TOWNSHIP shall be
issued AND PAID AS PROVIDED IN Act No. 188 of the Public Acts of
Michigan 1954, as amended. (CL '48, S42. 14a)"
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.
PUBLIC WORKS COMMITTEE
4U1
•o•ert 'atna es, airman
4.• •
Moved by Patnaies supported by Vogt 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
Resolutia #6232 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 day of February 73 this 19....
Lynn D. Allen Clerk