Michigan Compiled Laws Article VII § 26 Cities And Villages, Loan Of Credit.

§ 26 Cities and villages, loan of credit.

Sec. 26.

Except as otherwise provided in this constitution, no city or village shall have the power to loan its credit for any private purpose or, except as provided by law, for any public purpose.

History: Const. 1963, Art. VII, § 26, Eff. Jan. 1, 1964

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Last modified: October 10, 2016