Section amended. Board of directors shall have control, etc., of stock, finances, streets, etc. [No. 83.] AN ACT to amend section ten of an act, entitled “An act to provide for the formation of corporations for the purpose of owning, maintaining and improving lands and other property kept for the purposes of summer resorts or for ornament, recreation or amusement, and to repeal all laws or parts of laws in conflict herewith," approved June fourth, eighteen hundred ninety-seven, being sections seven thousand six hundred eighteen to seven thousand six hundred thirty-eight inclusive, of the Compiled Laws of eighteen hundred ninety-seven. The People of the State of Michigan enact: SECTION 1. Section ten of an act, entitled "An act to provide for the formation of corporations for the purpose of owning, maintaining and improving lands and other property kept for the purposes of summer resorts or for ornament, recreation or amusement, and to repeal all laws or parts of laws in conflict herewith," approved June fourth, eighteen hundred ninety-seven, being sections seven thousand six hundred eighteen to seven thousand six hundred thirty-eight, inclusive, of the Compiled Laws of eighteen hundred ninetyseven, is hereby amended to read as follows: SEC. 10. The board of directors shall have the management and control of the stock, business, finances, rights and interests, buildings and all property, real and personal, of the corporation, and shall have jurisdiction over the lands of the corporation and all streets, alleys, and highways passing through and over the same, or which said corporation may cause to be constructed, laid out or maintained therein, and the water within and in front of said lands and premises. The Expenditure and board of directors shall in no case in any one year, authorize liability limited. any expenditure or incur any liability on behalf of such corporation to exceed one thousand dollars unless authorized by a majority of all the shares of stock by said corporation in a meeting duly assembled: Provided, That in the county of Emmet the board of directors may authorize any expenditure or incur any liability on behalf of such corporation to an amount not exceeding five thousand dollars in any one year. This act is ordered to take immediate effect. Approved May 3, 1905. Proviso. [No. 84.] AN ACT to amend section four of act number fifty-three of the public acts of nineteen hundred one, entitled "An act for the organization of Corporate Congregational Churches." The People of the State of Michigan enact: amended. SECTION 1. Section four of act number fifty-three of the Section public acts of nineteen hundred one, entitled "An act for the organization of Corporate Congregational Churches," is amended to read as follows: vote after first SEC. 4. It shall not be lawful for anyone to vote in the Who entitled to meetings of such corporate church after the first election of election of trustees, on questions touching the church as a corporate trustees. body-such as the choice of trustees, or pastor, or treasurer, or clerk, or committees, the pastor's salary, the acquisition, lease, mortgage, såle of real and personal property, the building, repairing, removal, enlarging and sale of church and parsonage buildings, or whatever else pertains to the said church as a legal corporation-unless such person shall be of a legal age, shall be a member of such church in regular standing, and shall have attended the worship of said church statedly for six months, and contributed regularly according to the cus tom thereof to the support of such church for one year next preceding the time when such vote is offered: Provided, That Proviso. if the church shall not have been organized so long, or has for any cause suspended worship for a season, the voters at the time of organization or of suspension shall be entitled to vote the same as if worship and payment had been had during the preceding year: And provided further, If there has been Further proviso, a consolidation under the provisions of act forty-seven of the public acts of nineteen hundred one between a church and religious or ecclesiastical society formerly connected therewith, and if, in the proceedings to effect such consolidation it has been voted that the membership in the consolidated body incorporate shall include both the members of the church and the pew holders in the church qualified to vote, that then and in such case, in addition to the persons having the qualifications above stated, the following persons shall have the right to vote upon the questions above mentioned, viz.: All per- Who entitled to sons of legal age who have attended the worship of said church statedly for six months, and who have been pew holders therein and contributed regularly, according to the custom thereof, to the support of such church for one year next preceding the time when such vote is offered. This act is ordered to take immediate effect. when societies consolidate. vote. Knights of Pythias may incorporate. Who may execute articles. What to set forth. Where filed. Prima facie evidence of incorporation. Corporation may hold and convey property, etc. [No. 85.] AN ACT to provide for the incorporation of Knights of Pythias associations. The People of the State of Michigan enact: SECTION 1. That Knights of Pythias associations may be incorporated under the provisions of this act. SEC. 2. Any seven or more residents of this State, who are members of any chartered body, or of different chartered bodies of the order of Knights of Pythias may make and execute articles of association under their hands and seals, which said articles of association shall be acknowledged before some officer of this State having authority to take acknowledgments of deeds, and shall set forth: First. The names of the persons associating in the first instance, their places of residence and the name and location of the Pythian body or bodies to which they severally belong; Second. The corporate name by which such association shall be known in law; Third. The purpose of the association, which shall be to provide a building or buildings to be used in whole or in part for Pythian purposes, and the period for which such association is incorporated not exceeding thirty years; Fourth. The principal office or place of business. SEC. 3. A copy of said articles of association shall be recorded in the office of the Secretary of State and in the office of the county clerk of the county within which such incorporation shall be formed, and shall be recorded by such clerk in a book to be kept in his office for that purpose, and thereupon the persons who shall have signed said articles of association, their associates and successors, shall be a body corporate by the name expressed in such articles of association. A copy of such articles of association, under the seal of the circuit court and signed and certified by the county clerk in whose office said record is kept shall be received as prima facie evidence in all courts of this State of the existence and due incorporation of such association. SEC. 4. Every corporation organized under the provisions of this act may take, receive, purchase and hold in its corporate capacity and for its corporate purposes, real and personal property, and the same or any part thereof demise, sell, convey, lease, use and dispose of at pleasure; and may erect and own, enlarge, alter and repair suitable building or buildings and may purchase, lease, own and maintain furnishings and fixtures therein to be used in whole or in part for meetings of Pythian bodies and may lease said building or buildings for business purposes in whole or in part and may borrow money therefor and for that purpose may issue its bonds and mortgage its property to secure the payment of such bonds. SEC. 5. Shares of stock and certificates of such corporation Who may hold may be held-and owned by chartered or incorporated bodies of stock, etc. Knights of Pythias. SEC. 6. Every such corporation shall have full power and May make byauthority to provide by its by-laws for the issuing of its cer- laws, etc. tificates and shares of stock and for the manner in which said shares of stock shall be held and represented. SEC. 7. Every such corporation shall have power to provide May provide by its by-laws for succession to its original membership and trustees, etc. for new membership; and shall also have power to provide by its by-laws for the election from its stockholders of a board of trustees, and to fix the number and term of office of such trustees. But such board of trustees shall not be less than Number of. five and such term of office shall not exceed three years. Such board of trustees shall consist of an equal number from each Who to constisubordinate chartered lodge of Knights of Pythias owning and holding shares of stock in said corporation as a lodge and situated in the town or city where the property of said corporation is located. tute trustees. control, where vested, etc. SEC. 8. The management and control of the business, af- Management and fairs and property of such corporation shall be vested in said board of trustees and said board of trustees shall have power to borrow any money, and cause to be made and issue the bonds and mortgages authorized by section four of this act. Said trustees shall appoint from their own number a president, Trustees to sevice-president, secretary and treasurer, who shall perform the lect officers. duties of their respective offices in accordance with the rules and regulations prescribed by the board of trustees. The first board of trustees provided for in this act shall have power to adopt by-laws and rules of procedure, and such by-laws and rules shall be binding upon all stockholders until the same are repealed. how elected. SEC. 9. The first board of trustees of such corporation shall First trustees, be elected by ballot from the original incorporators and their number determined upon by the incorporating stockholders. But such first board of trustees shall consist of an equal number from each subordinate lodge of Knights of Pythias represented by such incorporating stockholders. And such incorporating stockholder at such election shall have one vote and no more. Such board of trustees shall hold office until Term of office. their successors are elected and qualified. But no person shall Who eligible as be entitled to election or to hold the office of trustee unless he be in good standing in his subordinate lodge of Knights of Pythias, and when he ceases to be in such good standing his office as a member of said board of trustees shall be deemed vacant and shall be vacated without further proceedings. SEC. 10. The said corporation shall have the further power Corporation may to receive and own contributions and gifts and to use the same for its corporate purposes. It shall have the further power to trustee. receive gifts, etc. Subscriptions, how called in. How payment for stock, enforced. Notice of sale of stock. May recover balance. Rights of purchaser. hold and give entertainments for profit and to use the funds so realized for its corporate purposes. SEC. 11. The said board of trustees may call in the subscriptions to the capital stock of such corporation by installments, in such proportions and at such times and places as they shall think proper by giving notice thereof as the by-laws shall prescribe, and in case any stockholder shall neglect or refuse payment of any such installment for the space of thirty days after the same shall become due and payable, said corporation may recover the amount of said installment from such delinquent stockholder in any proper action for that purpose, or, so much of the stock of such delinquent stockholder as may be neces sary to pay such installment so due, may be sold by the trustees at public auction at the office of the secretary of the corporation, giving at least ten days' notice of said sale personally, in writing or by mail, to such delinquent stockholder at his last known address, or by publishing the same three weeks in succession in some newspaper published in the city or town where said office is located, and in case of the sale of said stock the proceeds thereof shall be first applied to the payment of the installment called for and the expenses of the sale, and the residue, if any, shall be paid over to the delinquent stockholder. In case the proceeds of such sale shall be insufficient to pay such installment such corporation may recover the balance from such delinquent stockholder. Such sale shall entitle the purchaser to all the rights of such delinquent stockholder to the extent of the shares so purchased. This act is ordered to take immediate effect. Approved May 3, 1905. How members may cast their [No. 86.] AN ACT to provide for voting by mail by members of certain alumni associations. The People of the State of Michigan enact: SECTION 1. Alumni associations or other organizations votes in writing. composed of graduates of any degree-granting educational institution within the State of Michigan and duly authorized to elect trustees or other members of the governing body of their respective institutions, may, and such associations or other organizations are hereby empowered to permit duly qualified members, not present at the time and place appointed for the election of such trustees, to cast their votes in writing under such rules and regulations for the reception, canvass and return of such votes as each such association or organization may adopt. This act is ordered to take immediate effect. |