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.
Mich. Comp. Laws § 35.904
Serial bonds and notes; exemption from taxation
1947, Act 4, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.