Michigan Laws 460.804 – Definitions; M
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(1) “Municipal bond” means a bond or note or other evidence of indebtedness payable from ad valorem taxes which a governmental unit may issue.
(2) “Municipal electric utility system” means a system owned by a municipality or combination of municipalities to furnish heat, power, and light.
Terms Used In Michigan Laws 460.804
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- 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
(3) “Municipality” means a city, county, incorporated village, township, or metropolitan district of this state, or a board, agency, or commission thereof, owning a system or facility for the generation, transmission, or distribution of electric power and energy for public or private use, or proposing to own such a system or facility.