Michigan Laws 125.1431 – Notes and bonds; liability of state
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Terms Used In Michigan Laws 125.1431
- Authority: means the Michigan state housing development authority created in this act. See Michigan Laws 125.1411
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
The state shall not be liable on notes or bonds of the authority and such notes and bonds shall not be a debt of the state. The notes and bonds shall contain on the face thereof a statement to such effect.