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Michigan Compiled Laws, Chapter 280. Drain Code of 1956 § 280.529

Current as of February 09, 2022 | Updated by FindLaw Staff

Sec. 529. If for any reason the original assessments shall not be sufficient to pay the principal and interest on bonds issued in anticipation of the collection thereof, then the drainage board shall make such additional assessments therefor as may be necessary, apportioned as in the first instance, it being the intention hereof that the collections on assessments shall under all circumstances be sufficient to pay said principal and interest.

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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 280. Drain Code of 1956 § 280.529 - last updated February 09, 2022 | https://codes.findlaw.com/mi/chapter-280-drain-code-of-1956/mi-comp-laws-280-529/

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