Michigan Laws 12.64 – Act as contract with holders of obligations

Contract: A legal written agreement that becomes binding when signed.
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

This act shall be deemed a contract with the holders from time to time of obligations of this state.