Courses of study provided. Contract to etc. SEC. 5. Said board shall provide all necessary courses of study to be pursued in the normal school and establish and maintain in connection therewith a fully equipped training school as a school of observation and practice. It may also use schools, enter into a contract with the boards of education of one or more of the school districts near the Michigan state normal college or the normal schools to use the schools and school property of said school districts as schools of observation and practice, and it may provide such equipment, teachers, administrators and other employees and facilities as shall be deemed necessary to provide said observation and practice. The boards of education of said school districts are hereby authorized to enter into said contract and to confer upon said state board of education such of their duties as are prescribed by law as shall be deemed necessary by said boards and the state board of education to carry out the provisions of this section. Any contracts heretofore entered into between the state board of education and the board of education of any school district for the purpose of providing observation and practice as provided in this section are hereby declared legal and binding contracts between the state board of education and the board of education of said school district or districts. It shall grant, upon the completion of either of said courses, such diploma as it may deem best, and such diploma when granted shall carry with it such honors as the extent of the course for which the diploma is given may warrant and said board of education may direct. Contracts legalized. This act is ordered to take immediate effect. Words defined. [No. 138.] AN ACT to provide for the identification, regulation and provide a standard of qualifications for pilots of all aircraft engaged in carrying passengers for hire within the boundaries of the state of Michigan, and to promote the safety and protection of aircraft passengers. The People of the State of Michigan enact: SECTION 1. Definitions. Whenever the word "aircraft" is used in this act it shall mean any contrivance now known or hereafter invented, used or designed, for navigation of or flight in the air except a parachute or other contrivance designed for such navigation and used primarily for safety equipment. "Passenger" means any person not the pilot or member of the crew of any aircraft. "Pay passenger" means any person who shall pay or agree to pay any sum of money or thing of value for a flight in the air in any aircraft. SEC. 2. It shall hereafter be unlawful for any person with- Certificate. in the state of Michigan to navigate any aircraft carrying a pay passenger, who is not then the holder of a certificate as a commercial pilot from the United States government issued by the department of commerce under the rules and regulations thereof. possess SEC. 3. Commercial pilots' certificates shall be kept in the Pilot to personal possession of such pilot when he is navigating air- certificate. craft within the state of Michigan, and must be presented for inspection upon the demand of any pay passenger or any peace officer of the state of Michigan, or any official, manager or employe in charge of any airport or landing field in the state of Michigan from which said commercial pilot proposes to make a flight. with federal SEC. 3-a. It shall hereafter be unlawful for any person to Compliance navigate any aircraft within this state, unless the owner or statute. operator thereof has complied with all of the rules and regulations authorized under the provisions of an act of congress, entitled "An act to encourage and regulate the use of aircraft in commerce, and for other purposes", approved May twentieth, nineteen hundred twenty-six, with reference to the registration of aircraft. violation. SEC. 4. Any person violating any of the provisions of this Penalty for act shall be deemed guilty of a misdemeanor and upon conviction thereof shall be punishable by a fine not exceeding one hundred dollars or by imprisonment in the county jail not exceeding ninety days, or by both such fine and imprisonment in the discretion of the court. Approved May 11, 1927. [No. 139.] AN ACT to amend the title, section four of chapter two of part one, and section thirteen of chapter three of part two, of act number two hundred fifty-six of the public acts of nineteen hundred seventeen, entitled "An act to revise, consolidate and classify the laws of the state of Michigan relating to the insurance and surety business; to regulate the incorporation of domestic insurance and surety companies and associations and the admission of foreign companies; and to provide for the departmental supervision and regulation of the insurance and surety business within this state," as amended, and to add a new section to chapter three of part two to stand as section thirteen-a. The People of the State of Michigan enact: SECTION 1. The title, section four of chapter two of part Title and one, and section thirteen of chapter three of part two, of act amended. sections Section added. Annual statement, when filed. Fee. To file affidavit. Proviso. number two hundred fifty-six of the public acts of nineteen hundred seventeen, entitled "An act to revise, consolidate and classify the laws of the state of Michigan relating to the insurance and surety business; to regulate the incorporation of domestic insurance and surety companies and associations and the admission of foreign companies; and to provide for the departmental supervision and regulation of the insurance and surety business within this state," are hereby amended and a new section to chapter three of part two to stand as section thirteen-a is hereby added. TITLE An Act to revise, consolidate and classify the laws of the state of Michigan relating to the insurance and surety business; to regulate the incorporation of domestic insurance and surety companies and associations and the admission of foreign companies; to provide for the departmental supervision and regulation of the insurance and surety business within this state, and to provide penalties for the violation of this act. SEC. 4. The annual statement required by this act to be filed in the office of the commissioner of insurance by any insurance company or reciprocal exchange doing business in this state, shall unless otherwise provided for, be hereafter filed on or before the fifteenth day of February of the year following that covered by the statement; and a filing fee of twenty-five dollars shall be paid by all such insurance companies and reciprocal exchanges which are organized outside this state, subject to the retaliatory provisions of section twelve of this chapter, for any greater charge for filing such statements. SEC. 13. That the commissioner of insurance, upon the annual payment of a fee of twenty-five dollars may issue licenses to residents of this state subject to revocation at any time, permitting the person named therein to procure policies of insurance on property in this state in foreign insurance companies or other insurance carriers not authorized to transact business in this state, but which are duly authorized to do business in other states having insurance commissioners. Before the person named in such license shall procure any such insurance he shall in every case execute and file with the commissioner of insurance an affidavit that he is unable to procure, in companies admitted to do business in this state, the amount of insurance necessary to protect said property, and shall only procure insurance under such license after he has procured insurance in companies admitted to do business in this state to the full amount which said companies are willing to write on said property: Provided, That such licensed person shall not offer any portion of such insurance to any company which is not possessed of cash assets amounting to at least one hundred thousand dollars, nor one which has, within the preceding twelve months been in an impaired condition. Each person so licensed shall keep a separate account of the business done thereunder, a certified copy of which he shall forthwith file with the commissioner of insurance showing the exact amount of such insurance placed for any person, firm or corporation, the gross premium charged thereon, the companies in which the same is placed, the date of the policies and the term thereof, and he shall also file a report in the same detail of all such policies cancelled and the gross return premiums thereon. violation. SEC. 13-a. Any person, firm, or corporation who procures Penalty for or causes to be procured insurance in a company or in companies not authorized to do business in this state in accordance with this act, without complying with sections thirteen and fourteen of chapter three of part two, and section nineteen of chapter four of part two hereof, shall be deemed guilty of a felony and shall be punished by a fine not exceeding one thousand dollars or by imprisonment in the county jail not more than ninety days, or both such fine and imprisonment, in the discretion of the court. Approved May 11, 1927. [No. 140.] AN ACT to amend sections four, four-a and four-b and to repeal sections seven and ten of act number eighty-five of the public acts of nineteen hundred twenty-one, entitled "An act prescribing the fees, taxes and charges to be paid to the state by corporations doing or seeking to do business in this state; prescribing the method and basis of computing such fees, taxes and charges; requiring certain annual reports to be filed by corporations; providing for the disposition of the moneys received under this act and prescribing penalties for non-compliance with the provisions thereof." The People of the State of Michigan enact: amended. SECTION 1. Sections four, four-a and four-b of act number Sections eighty-five of the public acts of nineteen hundred twenty-one, entitled "An act prescribing the fees, taxes and charges to be paid to the state by corporations doing or seeking to do business in this state; prescribing the method and basis of computing such fees, taxes and charges; requiring certain annual reports to be filed by corporations; providing for the disposition of the moneys received under this act and prescribing penalties for non-compliance with the provisions. thereof," are hereby amended to read as follows: Privilege fee. SEC. 4. Every corporation organized or doing business under the laws of this state, excepting railroad companies and interurban railroad companies, and telephone and telegraph companies, express companies and foreign insurance companies shall, at the time of filing its annual report with the secretary of state of this state, as required by section five of chapter two of part five of act number eighty-four of the public acts of nineteen hundred twenty-one, for the privilege of exercising its franchise and of transacting its business within this state, pay to the secretary of state an annual fee of two and one-half mills upon each dollar of its paid-up capital and surplus, but such privilege fee shall in no case be less than ten dollars nor more than fifty thousand dollars. Building and SEC. 4-a. Every building and loan association organized loan associations. or doing business under the laws of this state shall at the time of filing its annual report as required by section five of chapter two of part five of act number eighty-four of the public acts of nineteen hundred twenty-one, for the privilege of exercising its franchise and of transacting its business within this state, pay to the secretary of state an annual fee of one-quarter mill upon each dollar of its paid-in capital and legal reserve. Mining, etc., companies, fee. Sections repealed. SEC. 4-b. Every corporation organized for profit under the laws of this state or doing business in this state, principally engaged in the development of mines and mining of iron, copper, silver and other mineral ores within this state, shall at the time of filing its annual report with the secretary of state as required by section five of chapter two of part five of act number eighty-four of the public acts of nineteen hundred twenty-one, for the privilege of exercising its franchise and of transacting its business within this state, pay to the secretary of state, an annual fee of two and one-half mills upon each dollar of the fair average value of its issued capital stock for the preceding year ending June thirtieth. In estimating the value of capital stock, the surplus and undivided profits shall be included but such fee shall in no case be less than ten dollars nor more than fifty thousand dollars. SEC. 2. Sections seven and ten of act number eighty-five of the public acts of nineteen hundred twenty-one are hereby repealed. This act is ordered to take immediate effect. |