{"data":{"id":"us-mi/mich.-comp.-laws-41.344","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 41.344","heading":"Contract for issuance and delivery of negotiable revenue bonds; interest, terms, and conditions.","body":"Sec. 14.\n\nA township borrowing pursuant to section 13 may enter into a contract with the corporation described in section 13 for the issuance and delivery to the corporation or its assigns of self-liquidating and fully negotiable revenue bonds for the repayment of the loan with interest on the bonds not exceeding the legal rate, according to terms and conditions consistent with sections 1 to 20a and agreed upon between the township board and the lending corporation.","path":["MI Code","Chapter 41","Act Act-107-of-1941"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-41-344","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"2efbf7b9795929a4f28586b3fec4d60dc07d5dd1cf29547a1f43bc252b00e032","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-41.343","next":"us-mi/mich.-comp.-laws-41.345"},"notice":"GroundRules: Original legal text. Not legal advice."}