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2018 Michigan Compiled Laws
Chapter 123 - Local Government
Act 235 of 1947 JOINT WATER AND SEWAGE DISPOSAL SYSTEM (123.331 - 123.347)
Section 123.347 Act not deemed part of bondholders' contract; proceedings impairing contracts prohibited.
Universal Citation: MI Comp L § 123.347 (2018)
123.347 Act not deemed part of bondholders' contract; proceedings impairing contracts prohibited.
Sec. 17.
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.
History: 1947, Act 235, Eff. Oct. 11, 1947 ;-- CL 1948, 123.347
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