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fied in the articles or agreement, then such funds shall only be invested in such securities as are specified in this act.'

required by At

or Legislature to

(3041.) SEC. 6. Any corporation formed under this act shall, Society may be whenever required by the Attorney General or by the Legislature, torney General report a full statement of all its affairs, under the oath of at least make report. two of its trustees; and for any neglect to furnish such report when Penalty for negrequired, all of the trustees so neglecting shall be liable to a penalty of fifty dollars each, to be recovered by action of debt, in the name of the people of the State of Michigan.

SEC. 7. This act shall take effect immediately.

lect.

CHAPTER CVI.

INDUSTRIAL AND OTHER CHARITABLE SCHOOLS.

An Act for the incorporation of industrial and other charitable schools.

[Approved March 27, 1867. Laws of 1867, p. 186.]

ted.

(3042) SECTION 1. The People of the State of Michigan enact, How incorporaThat any three or more persons, who may desire to become incorporated for the purpose of maintaining industrial schools for the relief and instruction of the children of the poor, or the maintenance of homes for vagrant and friendless children, or the instruction of children generally in the various mechanical trades or other avocations of life, or for the purpose of one or all of these objects united, may execute, under their hands, and acknowledge before some person within this State, authorized to take the acknowledgment of deeds, one or more duplicate articles of agreement, as hereinafter specified, one copy whereof shall be filed and recorded in the office of the Secretary of State, and a second shall

1 As amended by Act 32 of the Laws of 1871, p. 33, approved and took effect March 6,

Articles of asso

ciation. -Contents.

Number of trustees.

How officers are chosen.

Majority of

trustees a quorum.

Power to hold real estate.

How funds are to be used.

be made of such articles, or a certified copy thereof, in the clerk's office of the county or counties in this State, in which the office of said association for the transaction of business may be located; and upon the execution and acknowledgment of such articles, the signers thereof, and those who may thereafter become associated with them, shall become a body politic and corporate, for the purpose or purposes set forth in said articles.

(3043.) SEC. 2. The articles of this association shall containFirst. The names of the persons associating in the first instances, with their places of residence;

Second. The name of such corporation, and the place where its office for the transaction of business is located, and the period for which it is incorporated, not exceeding thirty years;

Third. The objects for which it is organized, which shall be stated with convenient certainty, and expressly;

Fourth. The number of its trustees and regular officers, and the time and place of holding its annual meeting;

Fifth. The terms and conditions of membership therein. (3044.) SEC. 3. The affairs of such corporation shall be managed by not less than five nor more than twenty trustees, to be chosen by the members thereof, and to hold office for one year, and until their successors be chosen; and the regular officers thereof, except the treasurer and secretary, shall form a part of said trustees, and the treasurer and secretary shall be chosen from said trustees. The officers may be chosen by said trustees, or by the members of such corporation, as the articles shall prescribe. The by-laws of such corporation shall be adopted by such trustees, who may change them at their pleasure. A majority of the trustees shall be a quorum to transact business, and all of such trustees shall be citizens of the United States, and residents of the State of Michigan.

(3045.) SEC. 4. No such corporation shall have power to take and hold any real estate, except such as may be necessary for any schools, shops or other buildings under its control, or for the transaction of its business and carrying out of its purposes, for a longer period than ten years.

(3046.) SEC. 5. All the funds received by any such corporation shall be used in the first instance, or shall be invested, and the income thereof used (after paying necessary expenses), for the exclusive purpose or purposes set forth in the articles of association; and no portion thereof shall be used for any such purpose or purposes, except within this State, and no portion of the funds of any such corporation shall be used or contributed towards the erection, com

pletion, or furnishing of any building not owned or used by such corporation. Such corporation may take by gift, purchase, or Amount of devise, property to an amount not exceeding one hundred thousand property limited dollars, and it shall be lawful to invest the same upon mortgage, How invested. or in city, county, State, or government securities, but no loan of its funds shall be made to any trustee or officer of such corporation: Provided, That any such corporation may, in its articles of Proviso. association, specify the kind of securities in which its funds shall Investments. be invested, and that no part of its funds shall be invested in any securities other than those named in its articles, or where the securities shall not be specified in its articles of association, then such funds shall only be invested in such securities as are specified in this act.

oath.

(3047.) SEC. 6. Any corporation formed under this act shall, To report under whenever required by the Attorney General or by the Legislature, report a full statement of all its affairs, under the oath of at least two of its trustees; and for any neglect to furnish such report Penalty of negwhen required, all of the trustees so neglecting shall be liable to a penalty of fifty dollars each, to be recovered by action of debt in the name of the people of the State of Michigan.

lect.

[blocks in formation]

authorized.

(3048.) SECTION 1. The People of the State of Michigan enact, Incorporation That any society of the "Father Mathew Total Abstinence Beneyolent Societies," of the State of Michigan, may be incorporated in pursuance of the provisions of this act.

Number of corporators.

Articles; how

executed and

(3049.) SEC. 2. Any ten or more persons, residents of this State, and members of any society of the "Father Mathew Total Abstinence Benevolent Society," of the State of Michigan, desirous to become incorporated, may, on the consent of said society, make what to set forth 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

Articles of association where

ed.

First. The names of the persons associating in the first instance, and their places of residence;

Second. The name and location of the society of which they are members;

Third. The corporate name by which such association shall be known in the law;

Fourth. The object and purposes of such association, which shall be to promote the general welfare of the fraternity known as the "Father Mathew Total Abstinence Benevolent Society," and the period for which it is incorporated, not exceeding thirty years.

(3050.) SEC. 3. A copy of said articles of association, together filed and record- with a copy of the charter or constitution, of which the persons executing said articles are members, shall be filed and recorded in the office of the Secretary of State, and a duplicate of said articles shall be filed with the county clerk of the county in which such corporation shall be formed and located; and shall be recorded at length by such clerk in a book to be kept in his office for that Corporate rights purpose; and thereupon the persons who shall have signed such articles of association, their associates, and successors, shall be a body politic and corporate, by the name expressed in such articles of association; and by that name they and their successors shall have succession, and shall be persons in law capable to purchase, take, receive, hold, and enjoy, to them and their successors, estates real and personal; of suing and being sued; and they and their successors may have a common seal, which may be changed and altered at their pleasure: Provided, That the value of their real and personal estate shall not exceed the sum of fifty thousand dollars, and that they and their successors shall have authority and power to give, grant, sell, lease, devise, mortgage, and dispose of said real and personal estate, or any part thereof, at their will and pleasure, and the proceeds, rents, and increase shall be devoted exclusively to the charitable and benevolent purposes of the "Father Mathew Total Abstinence Benevolent Society."

Proviso.

Value of real and personal

estate.

rules, regula

corporation shall have full power and authority to make and estab- May establish lish rules, regulations, and by-laws for regulating and governing tions, etc. all the affairs and business of said corporation, not contrary to the laws of this State and the United States, and to designate, To elect memelect, or appoint from among their members, such officers, under such names and style as shall be in accordance with the constitution or charter of said society, who shall have the supervision, control, and management of the affairs of said corporation.1

bers.

(3051.) SEc. 4. A copy of the record of such articles of associa- Efect of copy of tion, under the seal of the county clerk where the said record is record. kept, and duly certified to by him, shall be received as prima facie evidence in all the courts of this State, of the existence and due incorporation of such corporation.

ings for meet

(3052.) SEC. 5. Any corporation formed in pursuance of this act May erect buildmay erect and own such suitable edifices, building, or hall as such ings. corporation shall deem proper, with convenient rooms for the meeting of the fraternity of Father Mathew Total Abstinence Benevolent Society, and for that purpose may create a capital stock of not more than fifty thousand dollars, to be divided into shares of not more than fifty dollars each; and any such corporation may May own land take, purchase, hold, and own a suitable lot or parcel of ground as may be convenient for the purpose of a cemetery, and may make all lawful and needful rules and regulations for the disposition of lots, and the burial of the dead therein, as to such corporation may seem proper.

for cemetery.

subject to laws

(3053.) SEC. 6. All corporations formed under the provisions of corporations this act shall be subject to the provisions of chapter seventy-three of this State. of the Compiled Laws of this State, so far as the same may be applicable to corporations formed under this act, and the Legislature may alter or amend this act at any time.

SEC. 7. This act shall take immediate effect.

1As amended by Act 14 of the Laws of 1971, p. 17, approved and took effect February 21. 1871.

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