In case of vote to change, etc. meeting shall vote to change to one or more primary school This act is ordered to take immediate effect. Number of incorporators. What articles shall contain. Statement. Name. Place of business. Amount of capital stock. Purpose. Number of directors. First directors. [ No. 85. ] AN ACT to provide for the incorporation of companies furnishing automatic electric fire-alarms. SECTION 1. The People of the State of Michigan enact, That any five or more persons may organize a corporation under this act for the purpose of furnishing automatic electric fire-alarms in the manner following, to wit: The persons associating shall sign and acknowledge before any officer competent to take acknowledgments of deeds, articles which shall contain: First, A statement that the same are entered into for the purpose of organizing a corporation under this act; Second, The name of the corporation to be organized; Third, The place of the business office; Fourth, The term of the existence of such corporation, which shall not exceed thirty years; Fifth, The amount of its capital stock which shall not exceed two hundred fifty thousand dollars and the number of shares into which the same shall be divided; the amount of the capital stock subscribed at the time of the execution of such articles, and the amount paid thereon; Sixth, The purpose for which the said company is organized; Seventh, The number of directors, which shall not be less than five, to manage the affairs of said corporation; Eighth, The names of the persons to act as the first directors. Each subscriber shall set opposite his name, his place of residence, and the number of shares of stock by him subscribed. Such articles shall be recorded in the office of the clerk of the county in which the principal business office of such corporation is to be located, and a copy thereof filed in the office of the Secretary of State, and thereupon such corporation shall be deemed fully organized. chosen, etc. SEC. 2. The stock, property, and affairs of every corpo- Directors, how ration organized hereunder shall be managed by its directors. The directors shall be chosen annually by the stockholders, at such time and place as shall be provided by the by-laws, and shall continue in office for one year and until others shall be chosen in their stead. No person except a stockholder shall be a director. SEC. 3. The stock of every such corporation shall be shares. divided into shares of ten dollars each, and shall be deemed personal property. ration. SEC. 4. Every such corporation shall have power to con- Power of corpostruct and maintain or hire lines of wire or other material for use in the transmission of automatic electric fire-alarm signals along, over, across or under any public places, streets and highways, and across or under any of the waters in this State, with all necessary erections and fixtures therefor, proper license therefor being first obtained: Provided, Proviso. That the same shall not injuriously interfere with other public uses of the said places, streets and highways, and the navigation of said waters; to construct, provide and furnish instruments, devices and facilities for use in the origination and transmission of such signals, and to construct, maintain and operate a central office and stations, and generally to conduct and carry on the business of originating, providing and supervising automatic electric fire-alarm signals. served. SEC. 5. Service of legal process against any such corpo- How legal proration may be made upon any officer of such corporation cess may be found within the county in which the action shall have been commenced, or by leaving a copy of such process at any exchange or business office of such corporation within such county, with the person in charge thereof. ty of, misde SEC. 6. Any person who shall unlawfully injure or molest Injury to properany line of wire, or property appurtenant thereto of any meanor. such corporation, or any of the instruments or apparatus of such corporation, shall, on conviction thereof, be deemed guilty of a misdemeanor, and be punished by a fine not Penalty. exceeding one hundred dollars, or imprisonment in the county jail not exceeding three months, or both, in the discretion of the court in which such conviction shall be had. liable, etc. SEC. 7. The stockholders of all corporations organized Stockholders under this act shall be individually liable for all labor performed, and materials furnished for said corporation during the time they were stockholders as aforesaid, which said liability may be enforced against any stockholder, founded on this statute, at any time after an execution shall be returned not satisfied against such company: Provided Proviso, always, That if any stockholder shall be compelled by any Subject to general provisions of law, etc. such action to pay such debts of any creditor, or any part thereof, he shall have the right to call upon all the stockholders to contribute their part of the sum so paid by him as aforesaid, and may sue them jointly or severally, or any number of them, and recover in such action the ratable amount due from the person or persons so sued. SEC. 8. All corporations organized under this act shall be subject to the general provisions of the existing and subsequent laws of this State relating to corporations, so far as such provisions are applicable, and shall also be subject to the provisions of act one hundred and sixtyeight of the session laws of eighteen hundred and eightyone, entitled "An act to provide for the assessment and taxation of telegraph and telephone lines within the State. of Michigan," etc., and all amendments which may hereafter be made thereto in the same manner and with the same effect as if the words "automatic electric fire-alarm" were used in said act wherever the word "telephone" or the word "telephonic" occurs in the title or text thereof. This act is ordered to take immediate effect. Authority to bond, etc. Owners to deter mine form, etc., of bonds, etc. [ No. 86. ] AN ACT to authorize any railroad company, who owns, has possession of and is operating a railroad constructed and equipped and whose railroad amd railroad property and franchises are not mortgaged, to issue bonds and to secure the same by a mortgage on its property and franchises. SECTION 1. The People of the State of Michigan enact, That any railroad company who owns, has possession of and is operating a railroad constructed and equipped, and whose railroad and railroad property and franchises are not mortgaged, shall have the right to issue bonds and to mortgage its corporate property and franchises to secure the payment of the said bonds, and may issue such bonds and dispose of the same in such manner as shall be determined upon by a vote of the owners of the entire capital stock of the said company, at a meeting duly called for that purpose. SEC. 2. It shall be lawful for the owners of the entire capital stock of any such railroad company, at a meeting duly called for that purpose, to determine the form of the bonds referred to in section one of this act, and the length of time they shall have to run and the rate of interest that they shall bear, not exceeding ten per cent; and also the form of the said mortgage or trust deed and what provisions the same shall contain, and the trustee or trustees to whom the same shall be made, and the rights, powers and duties of said trustee or trustees, and to make such provisions therein for the sale and transfer of the corporate property and franchises therein described as they shall deem best; and the sale and transfer of the said corporate property and franchises in accordance therewith shall be lawful and valid. stockholders to be called, etc. SEC. 3. Meetings of stockholders under the provisions of Meetings of this act shall be called by mailing to each of said stockholders notice in writing of such meeting, stating the purpose for which the same is called, which notice shall be addressed to each of said stockholders at his last known postoffice address, with postage prepaid, at least thirty days prior to the day appointed for such meeting, and by publishing the said notice in a daily newspaper published in the city of Detroit, once a week for four weeks previous to the day appointed for the said meeting, and a meeting called in accordance with the provisions of this section. shall be deemed to have been duly called in accordance with the provisions of this act. This act is ordered to take immediate effect. [ No. 87. ] AN ACT to provide for appropriation of money to pay the salary of the Attorney General, clerks and certain expenses in such department, and to provide the manner and condition of payment, and to repeal all acts and parts of acts contravening the provisions of this act. SECTION 1. The People of the State of Michigan enact, Appropriation, That there be and the same is hereby appropriated out of purpose, etc. moneys in the treasury to the credit of the general fund not otherwise appropriated, the following sums for the salary of the Attorney General, clerks in his office, and for certain expenses in such department, for the year one thousand eight hundred and ninety-one, and each year thereafter; for salary of the Attorney General, such sum as is designated in the constitution of the State, to be paid pro rata monthly; for salaries of clerks a sum not exceeding twenty-five hundred dollars to be paid pro rata monthly, any sum not used to be disposed of at the end of the year as provided in section three of this act; for, necessary expenses of the Attorney General, and to pay extra help and expenses if any are necessary, such further sum as the Board of State Auditors may allow. by Attorney SEC. 2. All work for which any money shall be paid by supervision virtue of this act shall be done by or under the supervision General, etc. of the Attorney General, and no extra help shall be employed or paid except on the recommendation of the Disposition of money not used. Repealing clause. Attorney General, with the written consent and approval of the Governor. SEC. 3. All moneys hereby appropriated and not used during the year for which they were appropriated shall, at the end of each year, be transferred and credited to the general fund. SEC. 4. All acts and parts of acts contravening the provisions of this act are hereby repealed. This act is ordered to take immediate effect. Appointment of stenographer. Proviso. An officer of the court, etc. In case of death. etc. [ No. 88. ] AN ACT to provide for the appointment, fix the compensation, and prescribe the duties of a stenographer, for the eleventh judicial circuit, and to establish a basis for the payment of his salary by the counties in said circuit. SECTION 1. The People of the State of Michigan enact, That a stenographer for the eleventh judicial circuit shall be appointed by the Governor, on the certificate of the circuit judge of said circuit that a stenographer is desirable in said circuit. The person so appointed shall take and subscribe the official oath prescribed by the constitution, which oath shall be administered by the presiding judge: Provided, That the stenographer heretofore appointed for said circuit shall not require a re-appointment, but shall continue in office subject to the provisions of this act. SEC. 2. The person so appointed shall be deemed an officer of the court, and shall hold office during the pleasure of the Governor. But the judge of said circuit shall have power to suspend him for misconduct, or failure to properly perform his duties. And, in case of such suspension, he shall thereafter cease to hold the office of stenographer unless by order of the court his suspension be rescinded. If such suspension shall not be rescinded within thirty days after the order, the office shall be deemed vacant, and it shall thereupon be the duty of the Governor on receiving notice of such vacancy from the presiding judge, to fill the same by the appointment of a competent person, under the recommendation of said judge. SEC. 3. In case of the death or resignation of the stenographer, or his inability from any cause to serve, the Governor shall, on the recommendation of the judge of said circuit, appoint a successor to the office, on receiving notice of such vacancy from said judge. But in case of the sickness or temporary absence or suspension by the court, as aforesaid, of the stenographer, the judge may appoint some competent person to act in his absence or during such suspension. |