eighty-seven of the public acts of one thousand eight hun- This act is ordered to take immediate effect. [ No. 197.] AN ACT to authorize the consolidation of street railway and electric light companies. SECTION 1. The People of the State of Michigan enact, Consolidation That any company organized under chapter ninety-five of authorized. Howell's Annotated Statutes of Michigan, entitled "Street Railway Companies" may consolidate with any company organized and in operation under chapter one hundred and twenty-seven of said statutes, entitled "Electric Light Companies," where such companies are located and carry on business in the same [towns, cities, or villages,] town city or village and may form a single corporation. And for this purpose the directors of said two cor- How effected. porations may enter into an agreement under the corporate seal of each, for the consolidation of the said two corporations, prescribing the terms and conditions thereof, the mode of carrying the same into effect, the name of the new corporation, the number of directors thereof, and the names of those who shall be the first directors, which shall be deemed and taken to be the first election of the directors of the consolidated company, which number shall not be less than three, nor more than seven, the time and place of holding the first election of directors after the consolidation, which time shall not exceed six months after such consolidation has been sanctioned by the stockholders of said two corporations, as hereinafter provided, the number of shares of capital stock in the new corporation; the amount of each share; the manner of converting the shares of capital stock in each of said two corporations into shares in such new corporation with such other details as they shall deem necessary to perfect such consolidation of said corporations, and such new corporation shall possess all the powers, rights Powers and du. and franchises conferred upon such two corporations, and ties of new corshall be subject to all [the] restrictions, and perform all the duties imposed by the provisions of their respective charters, or laws of organization, not inconsistent with the provisions of this act. Such agreement of the directors shall not be when agreedeemed to be the agreement of the said two corporations ment valid, etc. until after the written consent of all the stockholders of each of said corporations has been obtained thereto, and when such agreement of the directors has been so sanctioned by the stockholders, in the manner above mentioned, then such agreement of the directors shall be deemed to be the poration, etc. be evidence, etc. Certified copy to agreement of the said two corporations. A copy of said contract or consolidation agreement filed in pursuance of this act with the Secretary of State, and certified by him to be a copy, shall in all courts and places be presumptive evidence of the consolidation of said two companies, and [of] all the facts therein stated. When consolidation effected, etc. SEC. 2. Upon making the agreement mentioned in the preceding section, in the manner required therein, and filing a duplicate thereof in the office of the Secretary of State, the said two corporations mentioned or referred to in this section shall be merged into the new corporation provided for in such agreement, to be known by the corporate name therein mentioned, and the details of such agreement shall be carried into effect as provided therein. And all and singular, the rights and franchises of each and all of said two corporations, parties to such agreement, and all and singular, their rights and interests in and to every species of property and things in action, shall be deemed to be transferred to and vested in such new corporation, without any other deed or transfer, and such new corporation shall hold and enjoy the same, together with all other rights of property, in the same manner and to the same intent, as if the said two corporations, parties to such agreement, should have continued to retain the title and transact the business of such corporation; and the titles and the real estate acquired by either of said two corporations shall not be deemed to revert or be impaired by means of anything in this act contained: Provided, That all rights of creditors and all other liens upon the property of either of said corporations parties to the said agreement, shall be and hereby are preserved unimpaired, and the respective corporations shall continue to exist so far as may Further proviso, be necessary to enforce the same: And provided further, That all the debts, liabilities and duties of either company shall thenceforth attach to such new corporation, and be enforced against the same, to the same extent, and in the same manner as if such debts, liabilities and duties had been originally incurred by it. Proviso. Question to be This act is ordered to take immediate effect. [ No. 198. ] AN ACT to provide for the submission to the people of this State, of the question of a convention for the purpose of a general revision of the constitution of this State. SECTION 1. The People of the State of Michigan enact, That, on the Tuesday succeeding the first Monday of November, in the year one thousand eight hundred and ninety-two, the question of a convention for the purpose of a gen eral revision of the constitution of this State, to meet on the first Tuesday in December, in the year one thousand eight hundred and ninety-three, shall be submitted to the people of this State. State to give SEC. 2. The Secretary of State is hereby required to give Secretary of notice of the same to the sheriffs of the several coun- notice, etc. ties of this State in the same manner that he is now required to do in the case of the election of Governor, or Lieutenant Governor, and the inspectors of election in the several town- Duty of Inspectships and cities in this State, shall prepare suitable boxes ors of election, for the reception of ballots cast for or against such proposition. Each person voting for said proposition shall have Ballots. written or printed, or partly written and partly printed, on his ballot the words," Convention for the purpose of a general revision of the Constitution of this State-Yes;" and each person voting against said proposition the words "Convention for the purpose of a general revision of the Constitution of this State-No." The ballot shall in all respects canvass, etc. be canvassed, and returns be made, as in election of Governor and Lieutenant Governor. Approved July 3, 1891. [ No. 199. ] AN ACT to amend section ten of chapter one hundred and forty-eight of the public acts of eighteen hundred and sixty-nine, entitled "An act to revise and consolidate the several acts relating to the support and maintenance of poor persons," approved April fitth, eighteen hundred and sixtynine, the same being compiler's section eighteen hundred and twenty-five of the compiled laws of eighteen hundred and seventy-one, and being compiler's section seventeen hundred and sixty-four of Howell's Annotated Statutes of Michigan. SECTION 1. The People of the State of Michigan enact, Section That section ten of chapter one hundred and forty-eight of amended, the public acts of eighteen hundred and sixty-nine, entitled "An act to revise and consolidate the several acts relating to the support and maintenance of poor persons," approved April fifth, eighteen hundred and sixty-nine, the same being compiler's section eighteen hundred and twenty-five of the compiled laws of eighteen hundred and seventy-one, and being compiler's section seventeen hundred and sixty-four of Howell's Annotated Statutes, be and the same is hereby amended so as to [read] as follows: report to super SEC. 10. In all cases where relief has been afforded as supervisor shall provided in section eight of this chapter, said supervisor Intendents, etc. shall, within ten days, make in writing to the superintendents of the poor of the county, a report of his doings in every case of relief so afforded, specifying the articles furnished, and the value of each item thereof, and the names supervisors, etc. of the persons relieved, and shall also file a copy of said report with the clerk of the township or city, or city recorder Also to board of where such supervisor resides, and the said supervisor shall make to the board of supervisors at their annual meeting a statement in writing showing the number of persons to whom such temporary relief has been granted, and the names of such persons, and the amount granted to each with the items of such expenditures and also the number of persons, with the names of each, removed to the county poor house from each township and city by the order of the supervisors of such township or city, and the date of such removal. Approved July 3, 1891. Taxation. Real property, Personal property. [ No. 200. ] AN ACT to provide for the assessment of property and the levy of taxes thereon, and for the collection of taxes heretofore and hereafter levied, and to repeal act number one hundred and ninety-five of the session laws of one thousand eight hundred and eighty-nine, except as provided in this act, and all other acts or parts of acts in anywise contravening any of the provisions of this act. SECTION 1. The People of the State of Michigan enact, That all property within the jurisdiction of this State not expressly exempted shall be subject to taxation. SEC. 2. For the purpose of taxation, real property shall what to include. include all lands within [the] this State, and all buildings and fitxures thereon and appurtenances thereto, except in cases otherwise expressly provided by law, and any real estate mortgage, deed of trust, contract, or other obligation, by which a debt is secured, when land within this State is pledged for the payment and discharge thereof, shall, for the purpose of assessment and taxation, be deemed and treated as an interest in the land so pledged. Personal property shall include all goods and chattels within the State, all ships, boats and vessels belonging to inhabitants of this State, whether at home or abroad, and their appurtenances; all goods, chattels and effects belonging to inhabitants of this State, situate without this State, except that property actually and permanently invested [in] business in another State shall not be included; all indebtedness due to inhabitants of this State except mortgages and bills receivable, secured by mortgages, or other incumbrances on real estate situated in this State, above the amounts respectively owed by them, whether such indebtedness is due from individuals or from corporations, public or private, and whether such debtors reside within or without the State; unless the same shall be secured by mortgage on real estate situated in some state where mortgages are taxed as an interest in the land; all shares in corporations organized under the laws of this State, when the property of such corporation is not exempt or is not taxable to itself; all shares in banks organized in this State under any law of the United States, but in estimating the value of such shares, deduction shall be made of the value of all real estate taxed to the bank; all shares in foreign corporations, except national banks, owned by inhabitants of this State; all moneys; all annuities and royalties; all interests owned by individuals in lands, the fee of which is in this State or the United States, except as hereinafter provided. Property exempt from taxation by the laws of the United Exemptions. States shall not be included. Shares in corporations, the property of which is taxable to itself, shall not be assessed to the shareholder. SEC. 3. The following property shall be exempt from Property taxation: exempt. First, All public property belonging to the United States, Public property. to this State, or to any county, city, village, township, or school district within this State, save lands purchased at tax sales and still held by the State; tions. Second, The personal property of all posts of the Grand Benevolent, Army of the Republic, and of all library, benevolent, charitable etc., institu-, and scientific institutions incorporated under the laws of this State, and such real estate as shall be occupied by them for the purposes for which they were incorporated; Third, All houses of public worship, with the land on churches, etc. which they stand, the furniture therein, and all rights in the pews, and also any parsonage owned by any religious society of this State and occupied as such; Fourth, All property of cemetery associations and lands cemeteries, etc. used exclusively as burial grounds, and the rights of burial therein and the tombs and monuments therein, while in use for that purpose: Provided, That the stock of associations Proviso. Fifth, Library or school books of the value of one hun- Library books, dred and fifty dollars; the personal wearing apparel of etc. every individual and all family pictures; Sixth, Furniture and utensils in use in any dwelling Furniture, etc. house, of the value of two hundred dollars; musical instruments not exceeding in value one hundred and fifty dollars, and other personal property owned and used by any householder in connection with his house or business of the value of two hundred dollars; Seventh, The personal and real property of persons who, Poor persons. in the opinion of the supervisor, are, by reason of poverty, unable to contribute toward public charges; Eighth, All mules, horses and cattle not over one year Mules, horses, old; all sheep and swine not over six months old, and all etc. domesticated birds and insects. SEC. 4. All corporate property, except where some other Corporate propprovision is made by law, shall be assessed to the corpora- erty, assessment of, etc. |