cial commissioner, who shall take and subscribe the constitutional oath of office, and shall file a bond, with sureties, to be approved by the Auditor General, conditioned for the faithful discharge of his duties as such commissioner, before entering thereon.

and duties.

Sec. 3. The said special commissioner shall, by virtue of his ap- His powers pointment, have the control and management of the improvements specified in this act, and shall have power to superintend the same in person, or to let out by contract any job or jobs therefor, to the lowest bidder, who shall execute and deliver to the said commissioner a good and sufficient bond, with sureries to be approved by him, and conditioned for the faithful performance of the work, according to the stipulations of said contract.

Sec. 4. It shall be the duty of said special commissioner, before letting any such job or jobs, to advertise for proposals, stating the time and place of meeting for that purpose, which notice shall be given at least four weeks previous to the letting of said jobs, in a newspaper printed in the county where the labor is to be performed.

Ib.

Contractors,

Sec. 5. Whenever any contractor, under the preceding sections of how paid. this act, shall have finished his job according to the terms and specifications of his contract, and the same shall have been accepted by said special commissioner, or if any services shall have been rendered under the provisions of this act, it shall be the duty of said special commissioner, to pay said contractor for any such services, by his order drawn on the Auditor General for warrants drawn against and payable in internal improvement lands, which warrants shall be received at the state land office in payment for any unappropriated internal improvement lands belonging to the state: Provided, That nothing herein contained shall authorize the commissioner of the state land of fice to sell any of said lands at a less price than one dollar and twentyfive cents per acre, or in a less quantity in any one certificate of sale, than forty acres.

of comm're.

Sec. 6. Said commissioner shall proceed in the outlay of the appro- Compensat'n priation made by this act, with all the diligence and despatch compatible with proper economy and the best interests of state, and shall receive for his services a sum not exceeding two dollars per day for the time necessarily employed by him in the discharge of the duties devolved upon him by virtue of this act, payable pro rata from the

said appropriations hereinbefore made, and shall render to the Auditor General an account of all services by him thus rendered, verified by his oath.

Sec. 7. This act shall take effect and be in force from and after its passage.

Approved March 15, 1848.

2000 acres of

land appropriated.

Special comr to be apoint

ed.

Duties of

com'r.

No. 76.

AN ACT appropriating certain internal improvement lands for the improvement of the Detroit and Saginaw turnpike within the county of Saginaw.

Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That two thousand acres of internal improvement lands be and the same are hereby appropriated for the purpose of opening and improving the Detroit and Saginaw turnpike, within the limits of the county of Saginaw.

Sec. 2. For the purpose of carrying into effect the provisions of this act, the Governor of the state is hereby authorized to appoint a special commissioner, who shall, before entering upon the duties of his station, take and subscribe the constitutional oath of office, and file a bond, with sureties, to be approved by the Auditor General, conditioned for the faithful discharge of his duties as such commissioner.

Sec. 3. The said special commissioner shall, in virtue of his appointment, have the control and management of the improvement of said turnpike, and may superintend the outlay of said appropriation in person, and for that purpose may employ laborers and purchase materials, or he may let out by contract the whole or any portion of said improvements to the lowest bidder, who shall execute and deliver to said commissioner a good and sufficient bond, with sureties, to be approved by him, and conditioned for the due and faithful performance of the work stipulated in the contract: Provided, That before such letting, the said commissioner shall advertise the same by an advertisement to [be] published three successive weeks in the North Star, printed at Saginaw.

Sec. 4. Upon the completion of any such job, and in payment of

how paid.

the amount stipulated in the contract therefor, and also in payment for Contractorany labor procured, or materials purchased by said commissioner, for the purposes contemplated by this act, such commissioner may draw his orders upon the Auditor General for warrants payable in internal improvement lands, which said warrants shall be received at the state land office in payment for any such lands, not withheld from sale or otherwise appropriated: Provided, The aggregate orders, so drawn by said commissioner, shall not exceed the amount of land hereinbefore appropriated, at one dollar and twenty-five cents per acre.

tion of com'r

Sec. 5. Upon the completion of the duties hereinbefore assigned to Compensasaid commissioner, he shall be entitled to receive for the time necessarily employed therein, a sum not exceeding two dollars per day, and such compensation shall be audited and allowed by the board of supervisors of the county of Saginaw, at any meeting of said board, upon presentation of the account of said commissioner duly verified by his oath, and shall be raised and paid as other county expenses are by the provisions of existing law.

Approved March 15, 1848.

No. 77.

AN ACT to incorporate the North Western Mining Company, of

Detroit.

tion.

Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Zina Pitcher, Israel Coe and Sa- Incorporamuel T. Douglass, and others who shall become associated with them, are hereby constituted a body corporate, by the name of the North Western Mining Company, of Detroit, for the purpose of mining, smelting and manufacturing ores, minerals and metals, in the upper peninsula of the state of Michigan.

stock, shares

real estate of

Sec. 2. The said company shall have corporate succession; its ca- Capital pital stock shall be three hundred thousand dollars, divided into shares thereof, and of one hundred dollars each, and said company may acquire and hold company, such real and personal estate in the upper peninsula of Michigan, as the business of the company may require, to an amount not exceeding the capital stock of said company.

Officers of company.

Sec. 3. The officers of said company shall consist of a president of a board of five directors, of whom the president shall be one; a secretary and treasurer, who may, at the pleasure of the company, be one and the same person; and the said company may levy assessments on the shares of its stock, and forfeit and sell the same for non-payment of any such assessment, in such manner as said company may by its by-laws prescribe: Provided, That one of the directors of said comOne director pany shall at all times be a citizen and resident of the state of Michiand resident gan, upon whom service of all process against said company may be of Michigan. made, and the same shall be deemed a valid service thereof upon. said North Western Mining Company, of Detroit.

to be citizen

State tax.

Right to repeal.

First meet

ing of corpo

Sec. 4. The said company shall pay to the treasurer of the state of Michigan, an annual tax of one per cent. on the whole amount of capital stock actual paid in upon the capital stock of said company, and also upon all sums of money borrowed by said company, which tax shall be paid on the first Monday of July in each year, and shall be assessed upon the last preceding report of said company; and for that purpose the president and secretary thereof, shall, on the first day of January in each year, or within fifteen days previous thereto, make under their hands, a return to the state treasurer, verified by their several oaths, stating the amount which has been actually paid in on the capital stock of said company, and also the whole amount of money which [has] at any time been borrowed by said company, and said tax shall be in lieu of all other taxes on the personal property of said company; and in lieu of all other state taxes on the real estate of said company, and any investment of any portion of the nett profits of said company in business of said company, shall be considered as so much capital paid in, and shall be included in the returns to the state treasurer hereinbefore required.

Sec. 5. The legislature may at any time alter, amend or repeal this act for any violation of the provisions thereof.

Sec. 6. The first meeting of said company shall be held at such poration. time and place as the persons named in the first section, or any two of them, shall appoint, by a notice to be published in one or more newspapers in the city of Detroit, at least thirty days before the time of such meeting.

Sec. 7. Any inhabitant of this state shall have a lien upon the stock,

bitant.

appurtenances and entire property of said company, for all claims and Lien of inhademands against said company, to the amount of one hundred dollars or under, originally contracted within this state, which shall take precedence of all other claims or demands, judgments or decrees, liens or mortgages against said company.

subject to

Sec. 8. Said company shall be subject to the provisions of chapter Corporation fifty-five of the revised statutes of eighteen hundred and forty-six, so chap. 55 rer. far as the same may be applicable, and not inconsistent with the provisions of this act.

statutes.

Business of.

cated and re

Sec. 9. The said company shall, within six months after the first election of the officers thereof, by vote of the board of directors, locate fice to be loa business office of said company within the territorial limits of the ported. state of Michigan, and file in the office of the Secretary of State a certificate specifying the place of such location; and all annual and other meetings of said company shall be held at such place as the by-laws of the company may designate and direct.

Duration of

Sec. 10. This act shall continue in force for thirty years from and after its passage: Provided, That nothing in this act contained shall be charter. construed to confer on said company any banking powers or banking privileges.

Approved March 16, 1848.

No. 78.

AN ACT for the improvement of the Paw Paw River.

10,000 acres

land appro

priated on

ver.

Section 1. Be it enacted by the Senate and House of Representa tives of the State of Michigan, That ten thousand acres of the inter- int imp't nal improvement lands of this state, in the lower peninsular, be and Paw Paw rithe same are hereby appropriated for the improvement of the navigation of the Paw Paw river: Provided, That in the outlay of said appropriation, improvements shall be commenced at the mouth of said river, and continued progressively inland upon the course of the same. Sec. 2. For the purpose of carrying the provisions of this act into effect, the Governor of this state is hereby authorized to appoint a spe- ed. cial commissioner, who shall take and subscribe the constitutional oath of office, and shall file a bond, with sureties, to be approved by the

Special com

missioner to be appoint