Michigan Compiled Laws
Act 4 of 1947 - Bonus Bonds (35.901 - 35.906)
Section 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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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 35 - Veterans and Members of Armed Forces

Act 4 of 1947 - Bonus Bonds (35.901 - 35.906)

Section 35.901 - Veterans' Bonds; Issuance by State Administrative Board; Interest; Denominations; Maturity; Registration; Reconversion; Cancellation; Execution by State Treasurer; Public Sale; Temporary Bonds; Proceeds to Constitute Veterans' Milita...

Section 35.901a - Veterans' Bonds; Use of Proceeds, Provisions Applicable.

Section 35.902 - Veterans' Bonds; Appropriation for Payment of Principal and Interest; Redemption Fund; Surplus; Expenses.

Section 35.903 - Serial Notes; Issuance by State Administrative Board; Maturity, Redemption, Interest, Sale, Denominations; Proceeds Credited to Veterans' Military Pay Fund.

Section 35.904 - Serial Bonds and Notes; Exemption From Taxation.

Section 35.905 - Serial Bonds and Notes; Mutilation, Replacement.

Section 35.906 - Declaration of Immediate Necessity of Act.