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for the year eighteen hundred and forty-nine, a sum not exceeding cight thousand dollars, and for the year eighteen hundred and alty, a further sum not exceeding eight thousand dollars: Provided, That the consent of the taxable inhabitanis of said city to the proposed levy, be first obiained at a public meeting of said taxable inhabitants, to be convened by the proclamation of the Mayor of said city: And provided further, That the said sums, or any part thereof, so raised, shall be applied in payment of the city debt, and the interest thereof, and io no other purpose.

Sec. 2. All acts and parts of acts, contravening the provisions of this act, are hereby repealed.

Sec. 3. This act shall take effect from and after its passage.
Approved March 2, 1849.

[ No. 57. 7 AN ACT relative to certain taxes in the township of Norton, in

the county of Ottawa, Section 1. Bc it cnacleil by the Senate anrl House of RepresentaTownship Weauvreto tives of the State of Michigan, That the treasurer of the township Sredii w of Norton, county of Ottawil, be and he is hereby authorized and eert'n duins, required to credit William M. Ferry upon the tas roll now in his

hands the sum of severty.eight dollars sixty-five cents, at any time when the said Ferry shall pay the balance of the tax assessed and charged to hiin on the tas roll of said township, and when said balance shall be paid as aforesaid, it shall be the duty of the township treasurer to give to snid Ferry a receipt in full for all taxes assessed upon his property in said township, for the year A. D. one thousand cight hundred and forty-eight.

Sec. 2. It shall be the duty of the proper officers of the township ment of said of Norton (as now organized by law, or as it may be hereasier organ

ized) to assess upon all the taxable property of said towriship the said sum of seventy-eight dollars sixty-five cents, will the annual taxes of one thousand eight hundred and forty-nine, and that said township treasurer shall pay over all monies to the county treasure, all the monies as directed by his warrant affixed to the said tax roll.

Sec. 3. This act shall take effect and be in force from and after

Re-assess

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Hamıramek

Groese Point

[ No. 58. ] AN ACT to attach certain portions of the township of Hamtramck

in the county of Wayne, to the township of Grosse Point, in said county.

Section. 1. Be it enacted by the Senate and House of Represen- Portion of tatives of the State of Michigan, That all that part of the town. attached to ship of Hamtramck, lying east of a line commencing at a point on the Detroit river where the westerly line of private land claim number seven hundred and twenty-five, according to a plat made by E. A. Hathon," touches said river, thence following said westerly line north-westerly, to the south line of fractional section number twent iy-two, thence along said south line, easterly to the east line of said section, thence northerly along said east line, and along the east line of section number fifteen, to intersection with the present boundary line of said township of Grosse Point, shall be, and the same is hereby set off from the township of Hamtramck, and attached to the township or Grosse Point, in said county of Wayne.

Sec. 2. This act shall take effect and be in force from and after its passage.

Approved March 3, 1819.

state land

board of re

[ No. 59. ] AN ACT requiring the Commissioner of the State Land Office

to make an Annua: Repori 10 the Regents of the University of Michigan.

Section 1. Be it cracted by the Senate and House of Represen Commissi's tatires of the State of Michigan, That the commissioner of the land office to

make report office shall muke out and transmit to the secretary of the board of to sec'y of regents of the un versiły, by the first day of July next, an accurate geuts. statement of each and erery parcel of university land that shall have been sold up to thai date, and the price for which it was sold. Also, of all forleitures and re-sales, with an amount of the loss or gain attending such forfeitures and re-sales, and also, an amount or Vistof each parcel of university land un-old.

Sec. 2. Said comaissioner shall annually thereafter, report to Annual rcthe board of regnis. all sales and forfeitures of university lands, gents, with an amount of iho receipts and expenditures altending the same.'

port to re

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ibid.

Sec. 3. Said commissioner shall also report annually, the expenses lawfully charged to and deducted from the university interest fund, together with the nett income.

Sec. 4. Said commissioner shall with each of his reports, furnish an accurate statement of all monies loaned from said fund, to whom loaned and when payable, with the interest annually paid thereon, and the annual interest due and unpaid. Also, the amount of internal improvement warrants paid for university lands, with the

annual interest paid thereon by the state, Regents en Sec. 5. The regents of the university shall severally be entitled of statutes to receive from the secretary of state, in the same manner as other

public officers, a copy of the annual laws of the Slate.

Sec. 6. This act shall be in force from and after its passage.
Approved March 3, 1849.

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tion,

[ No. 60. ]
AN ACT to Incorporate the “Northville Hydraulic Company,"

Section 1. Be it enacted by the Senate and House of Represen-
Incorpora-

tatives of the State of Michigan, That Alonzo Plumsted, Abram
A. Gardner, Sylvester Cochrane and Stephen Amsharree, their suc-
cessors and associates, are hereby created for the term of twenty-
five years, froin and after the first day of January eighteen hundred
and forty-eight, a body corporate by the name of the Northville
hydraulic company,” for the purpose of supplying the village of
Northville, in the county of Wayne, with water from a spring about
one mile distant from said village, capable of exerting all the pow.
ers, entitled to all the privileges, subject to all the duties and liabil-
ities specified in the statute, prescribing the general provisions for
corporations, excepi so far as the same may be modified and con-

trolled by the terms of this enacimeni. Capit'l sto'k

Sec, 2. The capital stock of said corporation shall not exceed the sum of five thousand dollars in shares of ten dollars each, transferable on the books of said company, and in such manner as may be provided by the by-laws thereof.

Sec. 3. Said company hereby created shall have power to conduct water from said spring into said village of Northville, under ground, along the highway and streets of said village on the lands

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Powers and objects of company.

Certificates

of the persons owning the same, between said spring and said vil-
lage of Northville: Provided, They first obtain the consent of the
owners of said spring and said lands.
Sec. 4. Said corporation shall have a treasurer and clerk and

Officers. such other officers and agents as the members of the corporation may determine, to be appointed in such manner and for such terms as the by-laws of said corporation may prescribe. The clerk shall be sworn to the faithful discharge oi his duties as the same may be prescribed in said by-laws, and the treasurer shall give bond in such a sum and with such sureties as said by-laws may prescribe, for the faithful discharge of his duty.

Sec. 5. The amount of capital stock shall be fixed and limited by the corporation in the manner prescribed by the by-laws, not ex- of stock. ceeding five thousand dollars, and shall be divided into shares, and a record thereof be made by the clerk; said shares shall be numbered in progressive order, beginning at number one, and every stockholder shall have a certificate, under the seal of the corporation, and signed by the treasurer, certifying his property in such share as shall be expressed in the certificate; and all new stockholders 10 said corporation, shall be under all the liabilities and possess all the privileges of the original stockholders.

Sec. 6. Any shares may be transferred by the proprietor thereof Transfer of by a deed under his hand and seal, acknowledged by an officer duly authorized by law to take acknowledgments of deeds, and recorded by the clerk of the corporation, in a book to be kept for that purpose, and the purchaser named in such deed so recorded, shall, on producing the same to the clerk and delivering to him the former certificate, be entitled to a new certificate, and from the entry of such transfer the new stockholder shall be under all the liabilities and possess all the privileges of the orginal stockholder.

Sec. 7. Said corporation may from time to time at any regular meeting called for that purpose, assess upon each share such sums of on shares. rponey as the corporation shall think proper, not exceeding in the whole, the amount at which such share shall be originally limited and such sums so assessed shall be paid to the treasurer at such times and in such instalments as the corporation may direct.

Sec. 8. All the members of said corporation shall be jointly Liabilities and severally liable for all debts and contracts made by said poration, provided that the corporate property shall be exhausted before the private property of any member of said company shall be

shares.

Assessmu'nta

cor

of corpora tors.

eompany

Real estate.

taken: and a certificate signed and sworn to by the clerk and treas.
urer, setting forth the amount of capital stock paid in, shall be filed
and recorded in the office of the register of deeds for said county of
Wayne.

Sec. 9. The whole amount of debts which said corporation shall
Debts or the

at any time owe shall not exceed the one half of the amount of its
capital stock actually paid in, and the clerk of said corporation shall
at all times keep a record containing a true and correct account of
all the debts due and owing from said corporation, and of the amount
of capital stock paid in, which record shall at all times be open to
public inspection.

Sec. 10. Said corporation shall have the power to purchase and
hold lands, rights of way and other real estate, to the amount of two

thousand dollars.
Right of a Sec. 11. The legislature may at any time alter, amend or repeal this
repeal, &c. act, for any violation of the provisions of this charter; and it shall

not be lawful for said company to use their funds or any part there-
of in any banking transactions, in brokerage or exchange, in deal-
ing in money or bank notes, or in the purchase of any stock of any
bank or in the purchase of any public stock whatever, or for any
purposes other than those herein particularly specified; and the said
company shall be subject to the provisions of chapter fifty-five of the
revised statutes of 1846, so far as the same are applicable and noi

inconsistent with the provisions of this act.
1st mecling. Sec. 12. The first meeting of said corporation shall be called by

a notice signed by one or more of the persons named in this aci,
setting forth the time, place and purpose of the meeting, and such
notice shall, at least three days before the meeting, be delivered to
each member thereof.

Approved March 5, 1849.

Incorporation.

[ No. 61. ]
AN ACT to incorporate the Detroit Savings Fund Institute.
Section 1. Be it enacted by the Senate and House of Represen-
talives of the Slate of Michigan, That Elon Farnsworth, David
Smart, John Palmer, Zina Pitcher, Charles Moran, Shubael Co-
pant, B. B. Kercheval, Levi Cook, James A. Hicks, George M. Rich
and Gurdon Williams and their successors, are constituted a body
corporate and politic, by the name of the Detroit savings fund institute.

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