322.369 University lands; obligations receivable, limitation. Sec. 69. The whole amount of such notes and warrants which may be received under the provisions of the preceding section, shall not exceed the residue of the sum of 100,000 dollars which shall remain after deducting the full amount of all sums which shall have been credited to the regents of the university, or to the university fund on the principal of the 'Michigan university state stock,' in pursuance of 'An act authorizing the receipt of obligations of this state in payment of university lands,' approved February twenty-eighth, 1844, and of 'An act for the relief of the university of Michigan,' approved March eleventh, 1844, and 156,000 dollars in addition thereto. History: R.S. 1846, Ch. 60 ;-- CL 1857, 2511 ;-- CL 1871, 3884 ;-- How. 5329 ;-- CL 1897, 1402 ;-- CL 1915, 585 ;-- CL 1929, 5952 ;-- CL 1948, 322.369 Compiler's Notes: The acts referred to in this section are Act 20 of 1844 and Act 83 of 1844.
Michigan Legal Code