{"data":{"id":"us-mi/mich.-comp.-laws-390.374","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 390.374","heading":"Michigan college of mining and technology; obligations, payment.","body":"Sec. 4.\n\nNo obligations hereunder shall ever be or become a charge against the state of Michigan, nor shall the same become a lien on or secured by any property, real, personal or mixed, of the state or the board of control of said college, but all such obligations, including principal and interest, shall be payable solely:\n\nFrom the net rents and income obtained from the operation of residence halls and housing units, pledged or otherwise.\n\nFees charged students for the use of or maintenance of social centers provided for them under the provisions of this act.\n\nGifts and bequests made to the board of control of the Michigan College of Mining and Technology for the express purpose of financing, partially or completely, the purchase or construction at said college of residence halls, housing units, or social centers for students and faculty members, or for retiring outstanding indebtedness as herein created.","path":["MI Code","Chapter 390","Act Act-9-of-1938-Ex-Sess-"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-390-374","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"715b334113053d789118eebc3ea4fc1289345dce93cf929f4a02340b5b2ac6f2","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-390.373","next":"us-mi/mich.-comp.-laws-390.375"},"notice":"GroundRules: Original legal text. Not legal advice."}