Michigan § 254.364 Refunding bonds; negotiability and tax exemption.

Michigan Statutes

§ 254.364 — Refunding bonds; negotiability and tax exemption.

Michigan § 254.364

Ch. 254BRIDGES

Act 13 of 1966REFUNDING BONDS OF MACKINAC BRIDGE AUTHORITY; TRANSFER OF AUTHORITY TO STATE HIGHWAY DEPARTMENT (254.361-254.372)

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Bluebook

Mich. Comp. Laws § 254.364 (2026).

Text

REFUNDING BONDS OF MACKINAC BRIDGE AUTHORITY; TRANSFER OF AUTHORITY TO STATE HIGHWAY DEPARTMENT (EXCERPT) Act 13 of 1966 254.364 Refunding bonds; negotiability and tax exemption. Sec.

4.Refunding bonds issued under this act shall be deemed to be negotiable instruments under the laws of the state, and the principal of and interest on the bonds is not subject to taxation by the state or any taxing authority therein.

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REFUNDING BONDS OF MACKINAC BRIDGE AUTHORITY; TRANSFER OF AUTHORITY TO STATE HIGHWAY DEPARTMENT (EXCERPT) Act 13 of 1966 254.364 Refunding bonds; negotiability and tax exemption. Sec. 4. Refunding bonds issued under this act shall be deemed to be negotiable instruments under the laws of the state, and the principal of and interest on the bonds is not subject to taxation by the state or any taxing authority therein.