Michigan Laws 397.288 – Authorization and levy of taxes to pay principal of and interest on bonds
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Terms Used In Michigan Laws 397.288
- Board: means that term as defined in section 2 of the district library establishment act. See Michigan Laws 397.282
- District: means that term as defined in section 2 of the district library establishment act. See Michigan Laws 397.282
- District library: means a library established pursuant to the district library establishment act or a library considered to be established pursuant to the district library establishment act under section 6 of that act. See Michigan Laws 397.282
If a majority of the qualified electors of a district voting on the question of issuing bonds approves the issuance, or if bonds are otherwise issued pursuant to section 5, the board, by resolution, shall authorize and levy the taxes necessary to pay the principal of and interest on the bonds. The taxes shall be levied and collected with the county taxes. If, pursuant to section 5, the bonds are issued without submission of the question of the bond issue to the electors, the board shall not authorize or levy a tax that exceeds the tax levy authorized by a vote of the qualified electors of the district as provided in section 13 to 23 of the district library establishment act.