113.11 City not to own stock of incorporated companies. Sec. 11. No such city shall become the owner or holder of stock or shares in any incorporated company. History: 1895, Act 215, Eff. Aug. 30, 1895 ;-- CL 1897, 3368 ;-- CL 1915, 3291 ;-- CL 1929, 2213 ;-- CL 1948, 113.11
Michigan Legal Code