Council of Saginaw v. Saginaw Policemen & Firemen Retirement System Trustees

“Does the city of Saginaw, a so-called 15-mill tax city, have the power to levy taxes without limit as to rate or amount for the payment of bonds, other than refunding bonds, which pledge the full faith and credit of the city for the payment thereof1?” From decree holding in the affirmative, defendant appeals.

The so-called 15-mill tax amendment; Constitution 1908, art. 10, § 21, adopted November 8, 1932, reads as follows:

■ “The to+al amount of taxes assessed against property for all purposes in any one year shall not exceed one and one-half per cent, of the assessed valuation of said…