Table showing the rate at which the sinking fund of $20,000 provided for in section 2, article 16 of the constitution, with an increase of five per cent each year on the amount raised the preceding year will liquidate the state debt and the amount of interest payable each year, estimating the redeemable portion of said debt at $2,000,000.

Table showing the rate at which the sinking fund of $20,000 provided for in section 2, article 16 of the constitution, with an increase of five per cent each year on the amount raised the preceding year will liquidate the state debt and the amount of interest payable each year, estimating the redeemable portion of said debt at $2,000,000.

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Bibliographic Details
Corporate author / creator:Michigan. Legislature. Senate.
Imprint:[Michigan?] : [publisher not identified], [1851]
Description:1 online resource (1 leaf).
Language:English
Series:Senate doc. ; no. 8; Legislature 1851
Senate doc. (Michigan. Legislature. Senate) ; 1851, no. 8.
Subject:
Sinking-funds -- Michigan.
Debts, Public -- Michigan.
Debts, Public.
Sinking-funds.
Michigan.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/13565196
Hidden Bibliographic Details
Notes:Online resource; title from PDF caption title (LLMC Digital, viewed March 16, 2023).
Summary:Table showing the tax for the Michigan sinking fund, interest on debt, principle of debt, and the total for the tax and interests. Data is provided for the years 1852-1887.

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