Terms Used In Michigan Laws 125.1256

  • Governing body: means the board, by whatever name known, charged with governing the municipality. See Michigan Laws 125.1252
   The bonds may provide that they may be called for redemption prior to the maturity date, on interest payment dates not earlier than 1 year from the date of issuance of the bonds, at a price and under conditions fixed by the governing body before issuing the bonds.