which they have any jurisdiction or power of control, and the proceedings pertaining to the arrest and punishment of offenders shall be in the manner hereinbefore prescribed. corded, and premises. SEC. 5. It shall be the duty of said boards to have all rules Boards to have and regulations which may be made or prescribed, entered in rules, convenient form, in a record book kept in the respective office posted on for that purpose and posted in at least three conspicuous places on said premises. It shall be the duty of the prosecut- Duty of pros-" ing attorney of the county in which the offense is committed ecuting attorney. to prosecute offenders against the provisions of this act or any rule or regulation made or prescribed by said boards, under the authority of this act. SEC. 6. All acts or parts of acts inconsistent with or con- Repealing clause. travening the provisions of this act are hereby repealed. Approved May 1, 1905. АСТ [No. 81.] AN ACT to provide for the collection and dissemination of useful information concerning the agricultural resources of Michigan, and to repeal act number one hundred sixty-two of the session laws of eighteen hundred fifty-nine, and all acts amendatory thereof, being compiler's sections four thousand six hundred twenty-one, four thousand six hundred twenty-two, four thousand six hundred twenty-three, four thousand six hundred twenty-four, four thousand six hundred twenty-five of the Compiled Laws of eighteen hundred ninety-seven. The People of the State of Michigan enact: State to collect SECTION 1. The Secretary of State is hereby authorized to Secretary of collect information concerning the agricultural productions agricultural and resources of the State of Michigan, which in his judgment statistics. may be necessary or useful in the development of the agricultural interests of the State, and he is authorized to compile and To compile and publish the information so collected in circular or pamphlet form for free distribution, in such manner as shall in his judgment best promote and develop such interests. publish. SEC. 2. The copy for each such circular or pamphlet shall To whom copy be submitted to the State Board of Auditors and such board submitted. shall determine the number of each to be printed; the cost Cost limited. not to exceed fifteen hundred dollars in any year. SEC. 3. Act number one hundred sixty-two of the session Act repealed. laws of eighteen hundred fifty-nine and all acts amendatory thereto, the same, as amended, being compiler's sections four thousand six hundred twenty-one, four thousand six hundred twenty-two, four thousand six hundred twenty-three, four This act is ordered to take immediate effect. Sections amended. How society may receive loans. Proviso. Society to first invest capital in paying costs of formation, etc. [No. 82.] AN ACT to amend sections three, eight, twelve and thirteen of act number two hundred five of the public acts of eighteen hundred seventy-seven, entitled "An act to provide for the incorporation of societies for the receiving, loaning and investing of money," being sections six thousand one hundred ninety-two, six thousand one hundred ninety-seven, six thousand two hundred one and six thousand two hundred two of the Compiled Laws of eighteen hundred ninetyseven, as amended by act number two hundred seventythree of the public acts of eighteen hundred ninety-nine, and by act number one hundred eighty-four of the public acts of nineteen hundred one. SECTION 1. Sections three, eight, twelve and thirteen of act number two hundred five of the public acts of eighteen hundred seventy-seven, entitled "An act to provide for the incorporation of societies for the receiving, loaning and investing of money," being sections six thousand one hundred ninety-two, six thousand one hundred ninety-seven, six thousand two hundred one and six thousand two hundred two of the Compiled Laws of eighteen hundred ninety-seven, as amended by act number two hundred seventy-three of the public acts of eighteen hundred ninety-nine, and by act number one hundred eighty-four of the public acts of nineteen hundred one, are hereby amended so as to read as follows: SEC. 3. Such society may receive loans or deposits of money from its members, or from other persons, partnerships or corporations, at interest not exceeding seven per centum per annum, or without interest, and for such time certain as may be agreed upon, and may issue its bonds, certificates or other evidences of indebtedness therefor: Provided, That such society shall not receive any such loans or deposits until such society shall have actually invested one hundred thousand dollars of its paid-in permanent stock capital in real estate securities as provided in sections eight and nine of this act. SEC. 8. Such society is hereby empowered to lay out and invest its capital, or other moneys intrusted or in anywise belonging to such society, in the first place, in paying and mainder of discharging all costs, charges and expenses incurred in the formation and management of such society; and the remainder May loan reof such capital, or other moneys, or so much thereof as may capital. from time to time be deemed necessary, may be advanced by way of a loan to any person or persons, partnerships or corporations, upon security of bonds and mortgages, or notes and mortgages, or bonds and deeds of trust, on unincumbered real estate, of at least double the value of such loans; or any part or parts of such capital, or other moneys, may be invested May invest in in the stocks or bonds of the United States, or of any of the and bonds. so-called New England, middle or northwestern states, or in any bonds lawfully issued by any county, city, village or school district in any state of the United States, and upon such terms and conditions as such society shall deem satisfactory and expedient. certain stocks executed. SEC. 12. When all moneys intended to be secured by any Release of inbond and mortgage, or note and mortgage, or bond and deed cumbrance, how of trust, given to any society formed under this act have been fully paid, a release of such incumbrance shall be given, duly executed by the proper officers of the society in the customary form and in accordance with the general law relating to the discharge of such instruments. written articles SEC. 13. The persons proposing to form a society under the shall make provisions of this act shall make written articles of associa- of association. tion, which shall be signed and acknowledged before a notary public, and which shall state: First, The name by which such society shall be known; Second, The place in this State where its principal office is to be located; Third, The purpose for which such society is formed; Fourth, Whether its capital stock is fixed, and if so, at what amount, or whether it is to be of an amount varying from time to time; Fifth, The amounts of its several shares, and how designated, one class of which shall be known as permanent stock; Sixth, How such several shares may be paid; Seventh, What amount of capital, if any, will be actually paid in before commencing business; Eighth, The maximum extent, not exceeding the limits prescribed by section four of this act, to which such society is to receive money on loan or deposit; Ninth, The time such society shall exist, not exceeding thirty years; and Tenth, The names, in full, of the persons associating, their respective residences, and the number and class of shares subscribed for by each of them. This act is ordered to take immediate effect. What to state. Section amended. Board of directors shall have control, etc., of stock, finances, streets, etc. Expenditure and liability limited. Proviso. [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 board of directors shall in no case in any one year, authorize 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. [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, sale 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 custom 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 consolidate. 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 vote. |