* One per cent on capital stock paid in, less real estate-one-half due April 1st, one-half due Oct. 1st. Act 122, 1867. 50,000 00 100,000 00 MASONIC INCORPORATIONS. * One per cent on income. Act 145, 1865, and Act 180, 1867. $6,315,906 Michigan Southern, 10,424,500 Amboy, Lan. & Tra. Bay, 5,000,000 $300,000 00 6,315,906 00 10,424,500 00 130,827 42 $661,787 782 cent. on cost of road,. 10,681,710 37 4 cent. on loans & p'd in cap'l. 13,619,184 89 Same,. 1 cent. on paid in capital,. $3,308 94 75,263 46) 35,544 30 By decree of Ct. taxed upon $4,739,240 16. 308 27 $1,308 27 Last year's pay't was on 1862 tax. Same am't due on each of years 1863-4-5 & 6. Total tax uncollected $5,233 08. Exempt from tax for 10 years from Feb. 7, [1857. Act 191, 1857. 1 cent. on paid in capital,. 10,747 36 500,000 414,100 00 Same,. 4,141 00 Flint & Pere Marquette,. 5,500,000 300,720 00 Same, 400,000 400,000 00 Same, 2,927 60 4,000 00 5,233 08 Jack'n, Lan. & Saginaw, 2,000,000 350,000 00 * Three per cent. on gross receipts, payable in February. Acts 54, 1861, and 153; 1865. MOTIONS AND RESOLUTIONS. Mr. Morton offered the following resolution, which was adopted: Resolved, That the use of the Senate Chamber be granted, this evening, to Prof. Grimes, for a free lecture on the formation of continents. On motion of Mr. Mussey, The Convention went into committee of the whole, Mr. McClelland in the chair. IN COMMITTEE OF THE WHOLE. The committee resumed the consideration of the article entitled "Corporations other than Municipal." The question being on the amendment of Mr. Lothrop to Sec. 6, to add, in line 2, after the word "House," the following: "Nor shall the rights of any corporation organized under a general law be affected by any subsequent amendment, alteration or repeal of such law, unless such amendment, alteration or repeal shall be passed by the vote of two-thirds of the members elected to each House, and unless the same is made expressly applicable to existing corporations." Mr. Ninde moved to amend the amendment by striking out the words, "unless such amendment, alteration or repeal shall be passed by the vote of two-thirds of the members elected to each House, and," in the third, fourth and fifth lines. Mr. Williams moved to, amend section 6, by striking out the word "heretofore," in the first line, and inserting after the word “granted,” in the second line, the words "prior to January 1st, 1851." Mr. Conger offered the following substitute for Sec. 6: Sec. 6. The Legislature may pass laws altering and amending general or special laws relating to corporations, and the amendments thereto, by the same majority vote as was required in the passage of the original laws respectively. The amendment of Mr. Ninde was withdrawn. The amendment of Mr. Lothrop was not agreed to. Mr. Pringle offered the following as an amendment to the amendment of Mr. Williams: Strike out of line 1, section 6, the words "act of incorporation," and insert in place thereof the words "special charter." Mr. Chapin moved that the committee rise, report progress,. and ask leave to sit again. The motion prevailed. |