Michigan § 247.668h Bonds; negotiability; payment, exemption from taxation.

Michigan Statutes

§ 247.668h — Bonds; negotiability; payment, exemption from taxation.

Michigan § 247.668h

Ch. 247HIGHWAYS

Act 51 of 1951STATE TRUNK LINE HIGHWAY SYSTEM (247.651-247.675)

This text of Michigan § 247.668h (Bonds; negotiability; payment, exemption from taxation.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 247.668h (2026).

Text

STATE TRUNK LINE HIGHWAY SYSTEM (EXCERPT) Act 51 of 1951 247.668h Bonds; negotiability; payment, exemption from taxation. Sec. 18h. Any bonds issued under the provisions of this act shall have all the qualities of negotiable instruments under the law merchant and the negotiable instruments law. Any bonds and interest coupons shall be made payable in lawful money of the United States of America, and shall be exempt from any and all taxation whatsoever by the state or by any taxing authority within the state.

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STATE TRUNK LINE HIGHWAY SYSTEM (EXCERPT) Act 51 of 1951 247.668h Bonds; negotiability; payment, exemption from taxation. Sec. 18h. Any bonds issued under the provisions of this act shall have all the qualities of negotiable instruments under the law merchant and the negotiable instruments law. Any bonds and interest coupons shall be made payable in lawful money of the United States of America, and shall be exempt from any and all taxation whatsoever by the state or by any taxing authority within the state.