Mich. Comp. Laws § 123.347

Current through Public Act 166 of the 2024 Legislative Session
Section 123.347 - Act not deemed part of bondholders' contract; proceedings impairing contracts prohibited

This act shall not be deemed to be a part of the bond contract between a public corporation hereafter issuing any revenue bonds and the holders of such bonds, and no proceedings shall be taken hereunder which will impair the contract rights of such bondholders.

MCL 123.347

1947, Act 235, Eff. 10/11/1947 ;--CL 1948, 123.347.