 ... but shall be secured only upon the property and revenues of such public utility, including a franchise stating the terms upon which, in case of foreclosure, the purchaser may operate the same, which franchise shall in no case extend for a longer period...  The Northwestern Reporter - Page 1041914Full view - About this book
 | Indiana. Constitutional Convention - 1851 - 1104 pages
...shall not have power to grant any charter for any bank or banking institution to continue in force for a longer period than twenty years from the date of the passage of such charter. The following proposed as an amendment by Mr. Holman, was accepted by Mr.... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1911 - 844 pages
...prescribed by law shall not impose any liability upon such city or village, but shall be secured only upon the property and revenues of such public utility,...sale of such utility and franchise on foreclosure." There is certainly nothing in these sections expressly prohibiting the issuance of bonds of both kinds,... | |
 | Michigan. Supreme Court, Randolph Manning, George C. Gibbs, Thomas McIntyre Cooley, Elijah W. Meddaugh, William Jennison, Hovey K. Clarke, Hoyt Post, Henry Allen Chaney, William Dudley Fuller, John Adams Brooks, Marquis B. Eaton, Herschel Bouton Lazell, James M. Reasoner, Richard W. Cooper - 1916 - 812 pages
...prescribed by law shall not impose any liability upon such city or village, but shall be secured only upon the property and revenues of such public utility,...sale of such utility and franchise on foreclosure." The general law passed pursuant to the constitutional provision is Act No. 279, Pub. Acts 1909, amended... | |
 | New York (State) - 1882 - 806 pages
...dollars, in anyone year, able. and none of said bonds shall run for a shorter period than three years, nor for a longer period than twenty years from the date of the issue tkf the bonds. Tax. ยง 5. The said board of education is authorized, empowered and directed,... | |
 | 1907 - 52 pages
...prescribed by law shall not impose any liability upon such city or village, but shall be secured only upon the property and revenues of such public utility,...sale of such utility and franchise on foreclosure. Section 25. No city or village shall have power to abridge the right of elective franchise, to loan... | |
 | Michigan. Constitutional Convention - 1907 - 214 pages
...prescribed by law shall not impose any liability upon such city or village, but shall be secured only upon the property and revenues of such public utility,...sale of such utility and franchise on foreclosure. New. SEC. 25. No city or village shall have power to abridge the right of elective franchise, to loan... | |
 | Michigan - 1915 - 240 pages
...indebtedness prescribed by law shall not impose any liability upon such city, but shall be secured only upon the property and revenues of such public utility,...franchise on foreclosure: And provided further, That fhe charter shall provide for the Further creation of a sinking fund .by setting aside such percentage... | |
 | Michigan - 1909 - 110 pages
...prescribed by law shall not impose any liability upon such city or village, but shall be secured only upon the property and revenues of such public utility,...sale of such utility and franchise on foreclosure. New. SBC. 25. No city or village shall have power to abridge the right of elective franchise, to loan... | |
 | Michigan - 1909 - 960 pages
...indebtedness prescribed by law shall not impose any liability upon the village, but shall be secured only upon the property and revenues of such public utility,...sale of such utility and franchise on foreclosure; (j) To lay or collect taxes for municipal purposes at a rate in excess of two per centum of the assessed... | |
 | Bay City (Mich.) - 1909 - 662 pages
...indebtedness prescribed by law shall not impose any liability upon such city, but shall be secured only upon the property and revenues of such public utility,...sale of such utility and franchise on foreclosure: Provided, however, That no city shall have power to borrow money or issue bunds imposing any liability... | |
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