{"data":{"id":"us-mi/mich.-comp.-laws-380.1362","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 380.1362","heading":"Bonds; issuance; conditions prescribed by school district board.","body":"Sec. 1362.\n\nThe board of a school district that votes to borrow a sum of money may issue the bonds of the district.\n\nThe board shall prescribe all of the following:\n\nThe form of the bonds.\n\nThe amount of the bonds, which shall not be less than $50.00 each.\n\nThe time for payment of the bonds.\n\nThe interest rates on the bonds.\n\nThe manner in which the president and secretary of the board shall execute the bonds.","path":["MI Code","Chapter 380","Act Act-451-of-1976"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-380-1362","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"71899ac2cd4f98c631828052718c76caf99cc4fc6fd1bc20ab86b1a5dc76fda9","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-380.1361","next":"us-mi/mich.-comp.-laws-380.1363"},"notice":"GroundRules: Original legal text. Not legal advice."}