74.2 Village not to own stock. Sec. 2. No village shall become the owner or holder of stock or shares in any incorporated company. History: 1895, Act 3, Imd. Eff. Feb. 19, 1895 ;-- CL 1897, 2936 ;-- CL 1915, 2821 ;-- CL 1929, 1730 ;-- CL 1948, 74.2
Michigan Legal Code