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acres action adopted agriculture allowed amount annual appropriations assigns auditor authority become believed bill called canal cents citizens claim committee common consequence consideration constitution contract corporations cost courts debt demand dollars doubt drawn duty effect equal established evidence evil expense extent fact farm forms further give granted hands hundred importance improvement individuals institutions interest internal improvement judgment labor land lease legislation legislature less manner March matter means mentioned Michigan mind moral nature necessary object obligations opinion organized paid parties passed payment person poor possession practice present proper provision question railroad reasons received recommend require resolution respectfully respects revision road scrip Senate session taken thing thousand tion treasury warrants
Página 45 - The term corporations, as used in this article, shall be construed to include all associations and joint-stock companies having any of the powers or privileges of corporations not possessed by individuals or partnerships. And all corporations shall have the right to sue, and shall be subject to be sued, in all courts in like cases as natural persons.
Página 47 - The money arising from any loan or stock creating such debt or liability shall be applied to the work or object specified in the act authorizing such debt or liability, or for the payment of such debt or liability, and for no other purpose whatever.
Página 47 - No such law shall take effect until it shall, at a general election, have been submitted to the people, and have received a majority of all the votes cast for and against it, at such election.
Página 47 - ... single object or work, to be distinctly specified therein, which law shall provide ways and means, exclusive of loans, for the payment of the interest of such debt or liability as it falls due, and also to pay and discharge the principal of such debt or liability within twenty years from the time of the contracting thereof...
Página 47 - The Legislature shall not in any manner create any debt or debts, liability or liabilities which shall, singly or in the aggregate, with any previous debts or liabilities, exceed the sum of three hundred thousand dollars, except in case of war, to repel invasion or suppress insurrection...
Página 44 - Corporations may be formed under general laws; but shall not be created by special act, except for municipal purposes, and in cases where, in the judgment of the Legislature, the objects of the corporation cannot be attained under general laws. All general laws and special acts passed pursuant to this section, may be altered from time to time or repealed.
Página 47 - Shall this bill pass, and ought the same to receive the sanction of the people...
Página 25 - That the said party of the first part has hereby let and rented to the party of the second part, and the party of the second part...