Proposal No. 2

Article X

Sec. 21: The state may from time to time borrow money and issue bonds therefor on such terms as shall be provided by law for the purpose of paying or refunding any outstanding bonded indebtedness of the state.

Sources

• Joint Resolution No. 2 of 1931 (PDF)
• Biennial Spring Election, April 6, 1931, Proposals (Library of Michigan)
• Michigan Official Directory and Legislative Manual, 1931-1932, p. 635 (HathiTrust)
• Public Acts of the Legislature of the State of Michigan Passed at the Regular Session of 1931, pp. 809–810 (HathiTrust)