Michigan Compiled Laws
Act 4 of 1947 - Bonus Bonds (35.901 - 35.906)
Section 35.906 - Declaration of Immediate Necessity of Act.

Sec. 6.
An emergency existing for the reasons, among others, that it is necessary immediately to relieve distress among veterans and their dependents and to enable the state to borrow money for that purpose at the lowest possible interest cost, this act is declared to be necessary for the preservation of the public peace, health and safety.
History: 1947, Act 4, Imd. Eff. Feb. 6, 1947 ;-- CL 1948, 35.906

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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.