BONUS BONDS (EXCERPT)
Act 4 of 1947

35.904 Serial bonds and notes; exemption from taxation.

Sec. 4.

All serial bonds and serial notes issued under the provisions of this act, and interest thereon, shall be exempt from all taxation by the state or by any municipality or political subdivision thereof.

History: 1947, Act 4, Imd. Eff. Feb. 6, 1947 ;-- CL 1948, 35.904

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Michigan Compiled Laws Complete Through PA 5 of 2025
Courtesy of legislature.mi.gov