Sec. 5. This act shall take effect and be in force from and after its passage. Approved March 14, 1848. No. 66. created. AN ACT to incorporate the Detroit Merchants' Exchange Company. Section 1. Be it enacted by the Senate and House of Representa- Corporation lives of the State of Michigan, That James Abbott, Benjamin B. Kercheval, William Brewster, Charles Howard, Z. Chandler, Samuel Lewis, and such other persons as shall become associated with them for the purposes hereinafter expressed, be and they are hereby constituted a body corporate with perpetual succession, under tho name of the "Detroit Merchants' Exchange Company." Sec. 2. The object of said company being to facilitate and promote Its objects & trade and commerce, by providing a suitable place for the meeting of powers. persons interested in trade and commerce, and a reading room and library connected therewith, and to promote the convenience and advance the intelligence of the mercantile and commercial classes, said company is authorized to erect in the city of Detroit an edifice, suitable and convenient for the purposes aforesaid, and may acquire, take and hold estate and property, whether real, personal or mixed, not exceeding in amount one hundred thousand dollars. may exam Sec. 3. The legislature may at any time, by a committee or autho- Legislature rized officer, examine into the transactions and affairs of said company, ine condition and for that purpose shall have access to the books and records of said company. Sec. 4. Said company shall be subject to all the provisions contained in chapter fifty-five of the revised statutes of Michigan, and shall be subject to be at any time altered, amended or repealed, by the legisla ture. And whereas, the Detroit Young Mens' Society may wish to aid in the construction of the building proposed to be erected by said exchange company, with a view to securing in said building, rooms, suitable and convenient for their meetings, lectures, library and reading room. Sec. 5. That said Detroit Young Mens' Society is authorized to of company. authoriz'd Detroit Y. M. take stock in said Exchange Company, to an amount not exceeding o take stock ten thousand dollars: Provided, that no stock shall be so taken by said Society, unless by authority of a vote of said Society, specially called for that purpose, and the object of the meeting being expressed by the notice. Fire Depart similarly au Sec. 6. That the Fire Department of the city of Detroit may, and is horized. hereby authorized to subscribe and take stock in said Exchange Company, to an amount not exceeding ten thousand dollars. Limitation of powers. in Sec. 7. Said company shall not use their funds or any part thereof, any banking transaction, in brokerage or exchange, in dealing in money or bank notes, or in the purchase of any stock of any banks, or in the purchase of any public stock whatever, or for any other purpose than that specified in this act. Sec. 8. This act shall take effect from and after its passage. Revised stat No. 67. AN ACT to amend title twenty-one, chapter ninety-five of the revised statutes of 1846, and for other purposes. Section 1. Be it enacted by the Senate and House of Representa te amend lives of the State of Michigan, That any person who has been or shall hereafter be licensed to practice as an attorney and counsellor at law in the supreme court of this State, shall also be entitled to practice as solicitor and counsellor in chancery, in any court in this State. Sect 2. That section fifty, of chapter ninety-five of the revised sta tutes shall be so amended as to read as follows: "Sec. 50. No person who has not been licensed as an attorney and counsellor at law of the circuit or supreme court of this State, shall be eligible to the office of a master in chancery." Sec. 3. Sections twenty-eight and twenty-nine of said chapter ninety-five, and all other acts and parts inconsistent and in contravention of the provisions of this act, are hereby repealed. Sec. 4. This act shall take effect and be in force from and after its passage. Approved March 14, 1848. No. 68. AN ACT to change the name of the village of Florence, in the county of Shiawassee. Fremont. Section 1. Be it enacted by the Senate and House of Representa- Florence tires of the State of Michigan, That the name of the village of Flo- changed to rence, in the county of Shiawassee, be and the same is hereby changed, and shall hereafter be known as the village of Fremont. Sec. 2. This act shall take effect and be in force from and after its passage. Approved March 14, 1848. No. 69. R. statutes AN ACT to amend chapter twenty-two of the revised statutes of eighteen hundred and forty-six, relative to highways and bridges. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That chapter twenty-two of the revi- amended. sed statutes of eighteen hundred and forty-six shall be amended by adding after section fourteen as follows: "If any overseer of highways shall neglect or refuse to warn the residents in his district, liable to do work on the highways, to do such work, as the law requires and his warrant directs, such overseer shall be liable to pay for all the work not so done or commuted for, at the rate of sixty-two and a half cents per day; and it shall be the duty of the commissioners of highways in each township, to prosecute any overseer who may so neglect or refuse to do his duty, before any justice of the peace or any other court of competent jurisdiction, and collect of him what he may be liable to pay under the provisions of this act, unless such overseer shall show satisfactory cause to such justice of the peace or such court, why he should not pay the same: Provided, that in all cases where judgment shall be recovered against any such overseer, under the provisions of this section, such overseer shall not be further liable to an action for the penalty incurred by such neglect or refusal. Approved March 15, 1848. No. 70. Com'r to issue certifi cate to Joseph Miller. To Loren Andrews. To J Cannon To D. W. Noyes. When deeds may be given AN ACT to authorize the Commissioner of the State Land Office to convey to Joseph Miller, John Cannon, D. W. Noyes and Loren Andrews certain lands selected for saline purposes. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That the Commissioner of the State Land Office be, and he hereby is authorized to issue to Joseph Miller a certificate of purchase, of and for the north west quarter of section thirty-four in township four north, of range twelve east, the same being a portion of the lands selected by this state for saline purposes, upon receiving from said Miller the minimum price established by law for said land per acre, together with the interest upon said amount from the time said lands were offered in market to the date of the certificate thus to be issued. Sec. 2. The said Commissioner is also hereby authorized to issue to Loren Andrews a certificate of purchase of, and for the south west quarter of section thirty-four aforesaid, upon receiving from said Andrews the minimum price established by law for said land, per acre, together with the interest upon said amount from the time said lands were offered in market to the date of the certificate thus to be issued. Sec. 3. The said Commissioner is hereby authorized to issue to John Cannon a certificate of purchase of, and for the south east quarter of section thirty-four aforesaid, upon receiving from said Cannon the minimum price established by law for said land per acre, together with the interest upon said amount from the time said lands were offered in market, to the date of the certificate to be thus issued. Sec. 4. The said Commissioner is also hereby authorized to issue to David W. Noyes, a certificate of purchase, of and for the north east quarter of section thirty-four aforesaid, upon receiving from said Noyes the minimum price established by law for said land per acre, together with the interest upon said amount from the time said lands were offered in market to the date of the certificate thus to be issued. Sec. 5. Deeds of conveyance in fee, in the usual form, shall be executed by the proper authorities of this state to the above named grantees, their heirs and assigns, upon the presentation of the certificates hereinbefore required to be issued by the Commissioner of the State Land Office, and thereupon all the agreements, contracts and rights, whether inchoate or vested, heretofore made, entered into or created and now existing bewteen the said grantees jointly or separately, and any other person or persons, society or corporation, relative to any interest in said lands, or any part thereof, shall have the same force and effect, and be as valid and effectual as if the said grantees, or either of them had been the owners in fee of said lands above described, or any part thereof, at the date of any such agreement or contract, or the accruing of any such right. Sec. 6. This act shall take effect, and be in force from and after its passage. Approved March 15, 1848. No. 71. AN ACT relative to the village of Pontiac. Restriction com.council of Pontiac. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That from and after the passsge of this act, the common council of the village of Pontiac shall not have of powers of or possess any power to lay out, construct, alter or discontinue any street, highway, lane or alley within the said village, nor to make any assessment or levy any tax for constructing or repairing any street, highway, lane or alley, or any bridge, within the said village, but such streets, highways, lanes, alleys and bridges shall hereafter be subject to the control, management and supervision of the proper township officers of the township of Pontiac, in the same manner, and to the same extent, as the other highways and bridges within said township, and the general laws of this state, relating to highways and bridges in the several townships, shall apply to said streets, highways, lanes, alleys and bridges within the said village of Pontiac, and to the territory and property within said village, liable to assessment for other purposes connected with highways and bridges, reserving, however, to said common council, the power to grade said streets, and to assess the expenses thereof upon the lots adjoining said streets. Sec. 2. The said common council of the village of Pontiac shall not hereafter have or possess any power to establish any pound or market within said village, nor to levy or to collect any poll tax therein, nor to Ib. |