Michigan Compiled Laws § 35.992 Bond Redemption Fund; Continuing Appropriation For Payment Of Principal And Interest.

35.992 Bond redemption fund; continuing appropriation for payment of principal and interest.

Sec. 2.

For the prompt payment of the principal and interest upon serial bonds issued under authority of section 26 of article 10 of the constitution of the state of Michigan, there is hereby appropriated to the Korean veterans bond redemption fund each year during the life of these bonds, from the general fund, the sum of the principal and interest due and payable.

History: 1955, Act 71, Imd. Eff. May 24, 1955

Compiler's Notes: In this section, “section 26 of article 10 of the constitution” refers to the Constitution of 1908. See now Const. 1963, Art. IX, § 15, and Schedule, § 13.

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Last modified: October 10, 2016