Sec. 4.
That by reason of the acute financial and economic condition, which has arisen and now exists in the state of Michigan an emergency exists, which requires special legislation under the police power of the state, and that this act is enacted to meet such emergency and is hereby declared to be immediately necessary for the preservation of the public peace, health and safety and shall be liberally construed.
History: Add. 1933, Act 55, Imd. Eff. Apr. 14, 1933 ;-- CL 1948, 554.214