{"data":{"id":"us-mi/mich.-comp.-laws-141.1006","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 141.1006","heading":"Bonds or obligations; terms and conditions.","body":"Sec. 6.\n\nThe bonds or obligations may be serial bonds or term bonds or a combination of serial and term bonds, shall mature in not more than 30 years, may bear interest at a rate or rates, may be subject to redemption prior to maturity with or without premium, may be sold in 1 or more series at public or private sale at a discount of not to exceed 10% of the principal amount of the bonds or obligations, and may have other terms and conditions all as determined by resolution of the legislative body of the city or county.","path":["MI Code","Chapter 141","Act Act-80-of-1981"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-141-1006","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"e736956d1974ee1af26624bac13fa4f16999c3ae1c6022c135d009d8315d74d5","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-141.1005","next":"us-mi/mich.-comp.-laws-141.1007"},"notice":"GroundRules: Original legal text. Not legal advice."}