ister such oaths of office as may be prescribed in the by-laws of such corporation; said bond shall be made payable and conditioned as prescribed by the by-laws of such corporation, and may be sued, and the moneys collected and held for the use of the party injured, or such other use as may be determined upon by said corporation.

appointment

(3013.) SEC. 8. Said corporation shall have power to appoint one Inspector; or more persons, as they may see fit, to examine, weigh, measure, and duties of. gauge, or inspect flour, grain, provisions, liquor, lumber, or any other article of produce or traffic commonly dealt in by the members of said corporation; and the certificate of such person or Certificate of. inspector as to the quality or quantity of such article, or their brand or mark upon it, or upon any package containing such article, shall be evidence between buyer and seller of the quantity, grade, or quality of the same, and shall be binding upon the members of said corporation, or others interested, and requiring or assenting to the employment of such weighers, measurers, gaugers, or inspectors; nothing herein contained, however, shall compel the employment by any one of any such appointee.

may inflict fines.

(3014.) SEC. 9. Said corporation may inflict fines upon any of its Corporation members and collect the same, for breach of its rules, regulations, or by-laws, but no fine shall exceed five dollars; such fines may be collected by action of debt before a justice of the peace, in the name of such corporation.

(3015.) SEC. 10. Such corporations shall have no power to do or Restrictions. carry on any business, excepting such as is usual in the manage

ment of boards of trade or chambers of commerce, as provided

in the foregoing sections of this bill.

CHAPTER CI.

WAREHOUSE COMPANIES.

Authority to incorporate.

Conditions.

Affidavits required.

An Act to provide for the incorporation of associations for the purpose of constructing, owning, and controlling warehouses for the storage of grain and other commodities.

[Approved February 27, 1867. Laws of 1867, p. 34.]

(3016.) SECTION 1. The People of the State of Michigan enact, That any five or more persons, residents of this State, may associate themselves together as a body corporate, for the purpose of constructing, owning, and controlling warehouses for the storage of grain and other commodities;

(3017.) SEC. 2. Such persons shall, under their hands and seals, make and subscribe to a certificate which shall specify

First. The name and business of said association;

Second. The amount of the capital stock thereof, and the amount of cash capital actually paid in ;

Third. The number of shares into which said capital stock shall be divided, and it is hereby provided that such shares shall not be less than twenty-five dollars each;

Fourth. The names of the stockholders, their respective residences, and the numbers of shares held by each person;

Fifth. The amount of all property, real and personal, that may. be held by such corporation;

Sixth. The term of the existence of said corporation, not to exceed thirty years;

Which certificate shall be verified by the affidavits of the persons subscribing the same, and be acknowledged before some officer

corporate.

authorized to take the acknowledgment of deeds, and shall be recorded in the office of the Secretary of State and in the office of the clerk of the county in which such corporation is located. (3018.) SEC. 3. Upon compliance by such persons with the pro- Declared a body visions of the preceding section, such association shall be and is hereby declared a body corporate, empowered to hold and possess so much real and personal estate that may be purchased by it, or that may be given, granted, or devised to it as a corporation, in accordance with the provisions of law at the time such gift, grant, or devise shall take effect, as may be necessary for the use and occupation of said corporation for the purposes of its business: Pro- Proviso. vided, That the whole amount of the real and personal estate of said corporation shall not exceed in value the sum of one hundred thousand dollars: And provided further, That all property of such Proviso. corporation shall be subject to taxation, and shall be used for no other purpose than for the legitimate business of said corporation, as herein before stated.

and receive

storage.

(3019.) SEC. 4. Any corporation formed under the provisions of Right to build, this act is hereby authorized to erect a warehouse or warehouses grain, etc., on on any portion of the real estate that may be owned or acquired by it in accordance with the preceding section, and to receive for storage therein grain and other commodities; to fix the price for such storage, and to make all necessary rules and regulations for the management of its said business.

ing the first

cers.

(3020.) SEC. 5. When any corporation shall be formed under this Manner of call act, any three of those associated may call the first meeting of the meeting. corporation, at such time and place as they may appoint, by giving notice thereof by publishing the same two or more times in some newspaper printed in the county in which the place of business of said corporation is located, at least fifteen days before the time appointed for such meeting; at which meeting, or at any adjourned Election of offimeeting thereof, the stockholders of said corporation may elect such officers of said corporation as they shall deem necessary for the proper management of the property and business of said corporation, and may also make all necessary by-laws and regulations for the proper management of their affairs: Provided, That said Proviso. by-laws and regulations shall be in conformity with the provisions of chapter seventy-three of the Compiled Laws, relative to corporations.

(3021.) SEC. 6. All corporations formed under this act shall be Other provisions subject to the general provisions of chapter seventy-three of the Compiled Laws, in all matters not herein enumerated and specified, so far as the same may be applicable thereto.

Authority to organize.

Power to hold real estate, etc.

An Act to authorize the formation of corporations for manufacturing cheese and other products from milk.

[Approved March 26. 1867. Laws of 1867, p. 142.]

(3022.) SECTION 1. The People of the State of Michigan enact, That corporations for the purpose of manufacturing cheese and other products from milk, with a capital stock of not less than one thousand dollars, may be formed under and in compliance with the provisions of an act entitled "An act to authorize the formation of corporations for mining, smelting, or manufacturing iron, copper, mineral coal, silver, or other ores or minerals, and for other manufacturing purposes," approved February fifth, eighteen hundred and fifty-three; and every such corporation, and the officers, directors, and stockholders thereof, shall have and possess all the rights, and be subject to all the liabilities, conditions, and obligations in and by said act, and the acts amendatory thereof, provided and imposed upon corporations formed thereunder, and upon the officers, directors, and stockholders thereof, except as herein otherwise provided.

(3023.) SEC. 2. Every corporation organized pursuant to the provisions and by authority of this act, shall, by its corporate name have power to acquire, own, and hold all such real and personal estate as may be necessary or convenient for the purpose of carrying on the business of such corporation, and the same, or any part thereof, convey, lease, or demise, mortgage, use, and dispose of at pleasure.

(3024.) SEC. 3. Corporations formed under this act shall be sub- Laws subject to. ject to all general laws of this State relating to corporations that

may be applicable thereto; and the Legislature may amend or repeal

this act at any time.

SEC. 4. This act shall take immediate effect.

CHAPTER CIII.

HEALTH INSTITUTIONS.

An Act to provide for the formation of corporations for establishing health institutions.

[Approved March 13, 1867. Laws of 1867, p. 63.]

incorporate.

(3025.) SECTION 1. The People of the State of Michigan enact, Authorized to That corporations for the purpose of establishing institutions for the treatment of disease, and imparting instruction in the principles of hygiene, may be formed under and in compliance with the provisions of an act entitled "An act to authorize formation of corporations for mining, smelting or manufacturing iron, copper, mineral, coal, silver or other ores or minerals, and for other manufacturing purposes," approved February fifth, eighteen hundred and fifty-three; and every such corporation, and the officers, directors and stockholders thereof, shall have and possess all the rights, and be subject to all the liabilities, conditions and obligations, in and by said act and the acts amendatory thereof, provided and imposed upon corporations formed thereunder, and upon the officers, directors and stockholders thereof, so far as the same may be applicable to corporations organized by authority of this act.

hold.

(3026.) SEC. 2. Any corporation formed by authority of this act, Property the may hold and own personal property, not exceeding one hundred corporation may thousand dollars in value, and may hold sufficient real estate for the location of its buildings, and for its actual use in connection