has offered to accept in

WHEREAS, said full payment for said property capital stock of this corporation to be issued fully paid and non-assessable and to be by him accepted at par value; and

WHEREAS, said has subscribed for nine hundred seventy-six (976) shares of the capital stock of this corporation, of which he has heretofore paid in in cash seven thousand six hundred dollars ($7,600), leaving a balance of ninety thousand dollars ($90,000) now payable upon his said Subscription; and

WHEREAS, the valuation of the property above described at the prices fixed thereupon aggregates the sum of ninety thousand dollars ($90,000);

Now, THEREFORE, BE IT AND IT IS HEREBY RESOLVED, First. That this corporation shall accept, and does hereby accept, the property above described at an aggregate purchase price of ninety thousand dollars ($90,000) made up of the items and at the valuation above set forth;

Second. That the warranty deed of said real estate and the bill of sale of said personal property, duly executed and tendered to this corporation at this time by said

and the same are hereby accepted and approved;

be

Third. That by acceptance of said warranty deed and bill of sale this corporation acknowledges full, final payment of all of the subscription of said ... to the capital stock thereof;

Fourth. That the president and secretary of this corporation shall be and they are hereby authorized to execute and deliver under their hands and the seal of this corporation unto the said his lawful representatives or assigns, certificates of stock of this corporation to the amount of nine hundred seventy-six (976) shares, which shares are hereby declared to be fully paid and non-assessable;

Fifth. That copies of said warranty deed and said bill of sale, together with a copy of the assignment of the patent above mentioned, shall be entered upon the record of this meeting for permanent reference.

An aye and nay vote having been called for upon the foregoing resolution, the secretary called the roll of the directors who respectively voted as hereinafter set forth:

Thereupon the chair declared the resolution adopted.

The form of stock certificate, a copy of which is attached to this record and marked Document C, was presented to the board of directors by the Secretary, and was by unanimous consent approved and adopted as the form of stock certificate to be used by this corporation.

A copy of said warranty deed is entered herein and marked Document D.

A copy of said bill of sale is entered herein and marked Document E.

A copy of said assignment of patent is entered herein and marked Document F.

The minutes of this meeting having been prepared as above set forth, said minutes were read and approved.

There being no further business to come before said meeting, the same was adjourned without day.

Attest,

Secretary

President.

$472. Certificate of Corporate Seal.

CERTIFICATE OF CORPORATE SEAL.

(Seal impressed.)

I, .. secretary of ... Company, a Michigan corporation, do hereby certify that the corporate seal, an impression of which is set opposite hereto upon this page, is the true and authentic corporate seal of said company adopted by the board of directors thereof.

IN TESTIMONY WHEREOF, I have hereunto set my hand this 8th day of June, 1908.

Secretary.

Note: Documents C, D, E and F, being ordinary commercial forms of a stock certificate, warranty deed, bill of sale and assignment of patent, respectively, are omitted herefrom, although forming a part of the original record.

$473. Warranty Deed.

THIS INDENTURE, made this

day of

in the year of our Lord one thousand nine hundred and

between

county of

of the

State of

of ....

being a corpora

tion organized and existing under and by virtue of the laws of and having its principal place of

the state of

business at the

state of

of

of county of ...

as party of the first part, and

as part... of the second part.

WITNESSETH, that the said party of the first part, for and in consideration of the sum of .. Dollars, to it in hand paid by the said part... of the second part, the receipt whereof is hereby confessed and acknowledged, does by these presents grant, bargain, sell, remise, release, alien and confirm unto the said part... of the second part, and . . . . . . . heirs and assigns, forever, all certain piece.. or parcel.. of

land, situate and being in the county of ....

.......

of

and State of Michigan, known and

described as follows, to-wit:

Together with all and singular, the hereditaments and appurtenances thereunto belonging or in any wise appertaining; TO HAVE AND TO HOLD the said premises, as herein described, with the appurtenances unto the said part... of the second part, and to ... heirs and assigns, forever. And the said party of the first part, for itself, its successors and assigns, does covenant, grant, bargain and agree to and with the said part.... of the second part.... heirs and assigns, that at the time of the ensealing and delivery of these presents it is well seized of the above granted premises in fee simple; that they are free from all incumbrances whatever,

and that it will and its successors and assigns shall forever WARRANT AND DEFEND the same against all lawful claims whatsoever.

has caused

IN WITNESS WHEREOF, the said ... these presents to be signed in its name by its (President and Secretary, or as the case may be) and sealed with its corporate seal, the day and year first above written.

By..

(NAME OF CORPORATION)

President.

Secretary.

(CORPORATE SEAL.)

Signed, Sealed and Delivered in presence of

STATE OF MICHIGAN,

COUNTY OF

On this ...

SS.

day of..

19..., before me,

a Notary Public in and for said county, appeared A. B. and C. D., to me personally known, who, being by me severally duly sworn, did depose and say, each for himself, that they are respectively and in the order last above named, the President and Secretary of a corporation organ

ized and existing under the laws of the State of Michigan, and that the foregoing instrument by them severally subscribed, was by them signed and sealed in behalf of said corporation by authority of the board of directors thereof, and that the seal affixed to said instrument is the corporate seal of said corporation, and that said instrument was executed for the intents and purposes therein set forth, and that said instrument is by them and by each of them acknowledged to be the free act and deed of said corporation.

corporation organized and existing under and by virtue of the

and assigns forever, all that certain piece of land situate in the

and state of

of

county of described as follows:

TO SECURE THE REPAYMENT to the said second part.. of the sum of ..

dollars,

according to the tenor and effect of

sory note

.....

certain promis

executed by said first party to said second

part..., to which these presents are collateral.

And the said first party hereby expressly covenants and agrees to pay the same accordingly.

And the said first party further covenants and agrees to pay or cause to be paid, as often as the same shall become due and payable, all taxes and assessments of whatever nature, which may be lawfully assessed or levied on the said premises.

And the said first party further covenants and agrees to insure and keep insured the buildings erected and to be erected on the premises above described, in amount and with insurers satisfactory to the said second part..., and to cause such insurance to be made payable to said second part..., as

mortgage interest may appear, and to deliver the policy or policies of insurance into the possession of the said second part.... And in default of the payment of such taxes, assessments, or insurance, or any part thereof, then the said second part... may pay the same, and the sum or sums so paid shall be a lien on the premises above described, secured by these presents, due forthwith, and bearing interest at the rate of

until paid.

per cent

And in case default be made in the payment of any installment of principal, or of the interest, taxes, assessments, or insurance, or any part thereof, on any day whereon the same is made payable as above expressed, and should the same remain due and unpaid for the space of days, thenceforth the aforesaid principal sum of .. Dollars, together with all interest, taxes, assessments, and insurance unpaid, shall, at the option of said second part..., executors, administrators, or assigns, become and be due and payable forthwith, notice of the said option being hereby expressly waived.

And in case any proceedings are taken to foreclose this mortgage, said first part... shall pay to said second part..., Dollars, as an Attorney or

Solicitor's fee, in addition to all other costs.

And in case of the non-payment of the said sum of Dollars, or of the said interest, taxes, assessments, or insurance as above expressed, all of the indebtedness secured hereby shall thereupon fall due immediately, and it shall be lawful for said second part..., heirs, executors, administrators, or assigns, and the said first party does hereby empower and authorize the said second part..., heirs, executors, administrators, or assigns, to then forthwith sell and convey the said premises at public vendue, according to the statute in such