Michigan Laws 123.1139 – Powers of authority
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An authority may do 1 or more of the following:
(a) Acquire and hold, by purchase, lease with or without option to purchase, grant, gift, devise, land contract, installment purchase contract, bequest, or other legal means, real and personal property inside or outside the territory of the authority. The property may include franchises, easements, or rights of way on, under, or above any property. The authority may pay for the property from, or pledge for the payment of the property, revenue of the authority.
Terms Used In Michigan Laws 123.1139
- Authority: means a recreational authority established under section 5. See Michigan Laws 123.1133
- Bequest: Property gifted by will.
- Contract: A legal written agreement that becomes binding when signed.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Municipality: means a city, county, village, township, or school district. See Michigan Laws 123.1133
- Participating municipality: means a municipality or district that is named in articles of incorporation or proposed articles of incorporation as joining in the original establishment of an authority, or a municipality or district that joins an existing authority and is added to the articles of incorporation, and that has not withdrawn from the authority. See Michigan Laws 123.1133
- Personal property: All property that is not real property.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
- Territory of the authority: means the combined territory of the participating municipalities that is served by an authority. See Michigan Laws 123.1133
(b) Apply for and accept grants or contributions from individuals, the federal government or any of its agencies, this state, a municipality, or other public or private agencies to be used for any of the purposes of the authority.
(c) Hire full-time or part-time employees and retain professional services.
(d) Provide for the maintenance of all of the real and personal property of the authority.
(e) Assess and collect fees for services provided by and expenses incurred by the authority.
(f) Receive revenue as appropriated by the legislature of this state or a participating municipality.
(g) Enter into contracts incidental to or necessary for the accomplishment of the purposes of the authority.