Sec. 17. This act shall not be deemed to be a part of the bond contract between a public corporation hereafter issuing any revenue bonds and the holders of such bonds, and no proceedings shall be taken hereunder which will impair the contract rights of such bondholders.
Act not deemed part of bondholders' contract; proceedings impairing contracts prohibited.
Mich. Comp. Laws § 123.347, under JOINT WATER AND SEWAGE DISPOSAL SYSTEM.
Mich. Comp. Laws § 123.347