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Michigan Compiled Laws — BONUS BONDS (Act 4 of 1947)

Michigan · statute · 4 of 1947, Mich. Comp. Laws · 7 active provisions

7 active provisions.

Provisions

Mich. Comp. Laws § 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' military pay fund; state purchase.

The people of Michigan by constitutional amendment having authorized the state to borrow not to exceed $270,000,000.00, pledge its faith and credit and issue its serial notes or serial bonds for the purpose of paying to each person, or if deceased to the surviving husband or wife, child or children, or to the surviving…

MichiganBONUS BONDSeffective
Government AdministrationMilitary & Veterans
Mich. Comp. Laws § 35.902

Veterans' bonds; appropriation for payment of principal and interest; redemption fund; surplus; expenses.

For the prompt payment of the principal and interest upon each bond issued under this act, the proceeds of a tax to be levied as provided in section 23 of article 10 of the state constitution and the faith and credit of the state are pledged, and there is hereby appropriated each year during the life of these bonds, fr…

MichiganBONUS BONDSeffective
Military & Veterans
Mich. Comp. Laws § 35.903

Serial notes; issuance by state administrative board; maturity, redemption, interest, sale, denominations; proceeds credited to veterans' military pay fund.

To provide immediate funds, prior to the sale of the heretofore authorized bonds, for the payment to persons who served in the military, naval, marine or coast guard forces of the United States, including women serving in auxiliary branches thereof, between September 16, 1940, and June 30, 1946, or to their next of kin…

MichiganBONUS BONDSeffective
Government AdministrationMilitary & Veterans