expenses of the Michigan School for the Blind for the year eighteen hundred and ninety-two. rated in tax of SEC. 2. The Auditor General shall add to and incorporate To be incorpoin the State tax for the year eighteen hundred and ninety- 1891-2. one the sum of twenty-three thousand dollars, and for the year eighteen hundred and ninety-two the sum of twentythree thousand dollars, which sums when collected shall be placed to the credit of the general fund to reimburse it for the sums appropriated by this act. This act is ordered to take immediate effect. [ No. 58. ] AN ACT to amend section eight of act number one hundred and seventy-four of the session laws of eighteen hundred and seventy-one, entitled "An act to provide for the appointment of a State Reporter," as amended by act number one hundred and thirty-seven of the session laws of eighteen hundred and seventy-three, being section seven thousand two hundred and two of Howell's Annotated Statutes. amended. SECTION. 1. The People of the State of Michigan enact, Section That section eight of act number one hundred and seventyfour of the session laws of eighteen hundred and seventyone, entitled "An act to provide for the appointment of a State Reporter," as amended by act number one hundred and thirty-seven of the session laws of eighteen hundred and seventy-three, being section seven thousand two hundred and two of Howell's Annotated Statutes, be and the same is hereby amended so as to read as follows: reporter. SEC. 8. The State reporter shall receive an annual Salary of State salary of fifteen hundred dollars and his actual and necessary expenses for clerk hire, to be fixed by the Supreme Court from time to time as the needs of his office demand; and also his actual and necessary expenses incurred by him in attending the sessions of the Supreme Court, which salary, How paid. clerk hire and expenses shall be paid monthly, upon a warrant of the Auditor General upon the State Treasurer, approved by the chief justice of the Supreme Court, and shall be paid out of the general fund. Whenever any State reporter shall successor be removed from office or shall resign, his successor in office shall have the right of possession of all papers in the hands of such reporter, by virtue of his office, at the date of such removal, or at the time such resignation shall take effect. This act is ordered to take immediate effect. Approved May 6, 1891. entitled to papers, etc. Sections amended, Who may be incorporated. Articles of association, contents. Where filed, etc. [ No. 59. ] AN ACT to amend sections one, two and three of act number one hundred and twenty-two of the public acts of the year one thousand eight hundred and seventy-seven, entitled "An act for the incorporation of associations for yachting, hunting, fishing, boating, rowing and other lawful sporting purposes," approved May fourteenth, eighteen hundred seventy-seven, the same being sections four thousand eight hundred and seventeen, four thousand eight hundred and eighteen and four thousand eight hundred and nineteen of Howell's Annotated Statutes of the State of Michigan. SECTION 1. The People of the State of Michigan enact, That sections one, two and three of act number one hundred and twenty-two of the public acts of the year one thousand eight hundred and seventy-seven, entitled "An act for the incorporation of associations for yachting, hunting, fishing, boating, rowing and other lawful sporting purposes," approved May fourteenth, eighteen hundred seventy-seven, the same being sections four thousand eight hundred and seventeen, four thousand eight hundred and eighteen and four thousand eight hundred and rineteen of Howell's Annotated Statutes of the State of Michigan, be and the same hereby amended so as to read as follows: are SECTION 1. The People of the State of Michigan enact, That any ten or more persons of full age, at least six of whom shall be residents and citizens of this State, who shall desire to associate themselves together as a body corporate and politic for yachting, hunting, fishing, boating, rowing, general athletic or other lawful sporting purposes, may make, sign and acknowledge before any officer authorized to take acknowledgments of deeds in this State, articles of association in writing which shall set forth and state: First, The name or title by which the association so formed shall be known in law; Second, The particular objects or purposes for which such association is formed, which shall not be inconsistent with the purposes hereinbefore specified; Third, The location of the principal office or place of business of such association and the period for which the same is incorporated, which shall not exceed thirty years; Fourth, The number of directors to manage the affairs of such association, which shall not be less than five nor more than fifteen. Which said articles of association, duly signed and acknowledged, shall be filed and recorded in the office of the Secretary of State of this State and in the office of the county elerk of the county in which the principal office and place of business of such association shall be situated, in a book to be kept for that purpose; and thereupon the persons so signing and acknowledging the said articles of association, together with their associates and successors, shall be and hold real and etc. real estate. SEC. 2. Such association, by its corporate name, shall be Authorized to capable of receiving, taking, acquiring and holding real and personal estate, personal estate, whether by gift, grant, devise, bequest, purchase, lease or bargain or sale, for the purposes of its incorporation only, and for no other purpose or purposes whatsoever, and the same may at pleasure bargain, grant, sell, mortgage, or lease for the use of the association only: Provided, Proviso limiting That the total amount of real estate held or possessed by any such association, directly or indirectly, shall not exceed in amount at any one time twelve and one-half acres of land; and such association shall have full power and authority to May make make and adopt all necessary rules, regulations, constitutions by-laws, etc. and by-laws for the government of its members and the management and control of its business and affairs, not inconsistent with or contrary to the constitution and laws of this State or of the United States, and to change, amend, alter or repeal the same at pleasure, and to elect and appoint officers and agents for the management of its affairs and to allow them suitable compensation. Such association shall Capital stock, have full power and authority to regulate and determine by its articles of association, rules, regulations, constitution or by-laws the amount of the capital stock thereof, which in no case shall exceed the sum of one hundred and fifty thousand dollars, the number of shares into which the same shall be divided and the par value of such shares, in case such association be formed and organized as a joint stock association; and shall have full power and authority to make and adopt such rules and regulations concerning and governing the admission of members, the [descent] decent, inheritance, purchase or transfer of its capital stock, or the expulsion or suspension of its members for infraction or violation of any of its rules, regulations, constitutions or by-laws that it may deem necessary and proper. etc. SEC. 3. The first meeting of such association, for the First meeting. election of directors and the adoption of a constitution, bylaws, rules or regulations for the government of the association, and the management and control of its business and affairs, shall be called in the manner following, that is to say: Ten or more [of the] persons signing such articles of Call for. association may sign and file in the office of the said county clerk and of the Secretary of State a written call for or notice of such first meeting, which call or notice shall briefly set forth the day, hour and place of such meeting, which shall not be less than four nor more than eight weeks from the date of filing such call or notice, and shall To be published. state the purposes for which such meeting is called. А сору Proviso. Election of directors. Powers of directors. Officers of. Designation of certain officers. of such call or notice shall be published in some paper printed and circulating in the county in which the principal office or place of business of such association is to be located once a week for three successive weeks next preceding the time of such meeting: Provided, That if all the persons signing such articles of association shall sign and file with the articles of association in the offices of said county clerk and of the Secretary of State an agreement in writing naming, fixing and agreeing upon a day, hour and place for the holding of such first meeting, and the purposes thereof, the filing of a call therefor or notice thereof and the publication of a copy of such notice herein before required shall be unnecessary and may be dispensed with. At such first meeting there shall be elected the directors of the association to the number fixed and determined by the articles of association, who shall hold office for the terms or periods provided by the constitution or by-laws of the association; and, in default of any such provision, then for the term of one year. The time, place, and manner of holding subsequent elections of directors of the association, and their terms of office, may be fixed and determined by the constitution and by-laws of the association as adopted or amended from time to time, and, at the first or any subsequent election of directors, they may be elected for varying or different terms or periods of office, as provided by the constitution or by-laws, in such manner as to prevent and avoid the expiration of the terms of office of all of the directors of such association at the same time. The directors of the association shall constitute the board of directors thereof, and shall have the general control and management of the funds and the business and affairs of the association, subject to the restrictions and provisions of the articles of association, rules, regulations, constitution or by-laws of the association. A majority of the said board shall constitute a quorum for the transaction of all business, except when otherwise provided by the articles of association, constitution or by-laws of the association, and when any vacancy shall occur among such directors by death, resignation, neglect to serve, ineligibility or otherwise, such vacancy shall be filled in such manner as may be provided by the constitution or by-laws of the association. All directors of any such association shall be, at the time of their election and during their term of office, residents of this State. The board of directors shall elect from their own number a president, vice president, secretary and treasurer, and may elect or appoint all other officers or committees that may be provided for by the constitution or by-laws of the association. In the case of associations formed or existing under this act for the purpose of yachting, row ing, boating or other similar sporting purposes, the president [ No. 60. ] AN ACT to amend sections five and nine of act number one hundred forty of the public acts of eighteen hundred eighty-nine, being an act entitled "An act to authorize the formation of corporations for acquiring, holding, leasing and selling real estate, and for the erection of buildings thereon," approved June eighth, eighteen hundred eighty-nine. amended. SECTION 1. The People of the State of Michigan enact, Sections That sections five and nine of act number one hundred forty of the public acts of eighteen hundred eightynine, being an act entitled "An act to authorize the formation of corporations for acquiring, holding, leasing and selling real estate, and for the erection of buildings thereon," approved June eighth, eighteen hundred eighty-nine, be and the same are hereby amended so as to read as follows: SEC. 5. The stock, property and affairs of such corpora- Directors, tion shall be managed by not less than five nor more than thirteen directors, as the articles shall determine, a majority of whom shall be residents of this State; they shall hold their office one year, and until their successors shall be duly chosen. number of, etc. and personal SEC. 9. Every corporation organized under this act shall May own real have power to acquire, own and hold all such real estate estate, etc. and personal estate as may be necessary for the purpose of carrying on the business of such corporation, and the same or any part thereof convey, lease or demise, mortgage, improve, use and dispose of at pleasure: Provided, That the lands any such corporation may hold at one time shall not exceed one thousand acres. The title to such real estate shall not remain in such corporation for a term exceeding May borrow seven years. Every such corporation shall also have power, money. |