Section 128.82 - Cemetery lots; deposit for care with county treasurer; investment, county may borrow. - Michigan Statutes

CARE AND PRESERVATION OF CEMETERY LOTS (EXCERPT)
Act 81 of 1903

128.82 Cemetery lots; deposit for care with county treasurer; investment, county may borrow.

Sec. 2.

The county in which any such money shall have been so deposited shall have the first privilege of borrowing said money, or any part of it, and afterward any person, firm or corporation, in the discretion of the county treasurer, by paying interest at the rate of not less than 3 per cent per annum. The county treasurer may consolidate such funds for investment, with the approval of the finance committee of the board of supervisors.

History: 1903, Act 81, Eff. Sept. 17, 1903 ;-- CL 1915, 2398 ;-- Am. 1925, Act 208, Eff. Aug. 27, 1925 ;-- CL 1929, 1279 ;-- CL 1948, 128.82