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by said Superintendent; and said visitors shall report to said Superintendent as soon after an examination as practicable.

be applied.

(3140.) SEC. 7. The trustees of any institution incorporated Funds, how to under the provisions of this act, shall apply all funds and property belonging thereto, according to their best judgment, to the promotion of its objects and interests: Provided, That any gift, Proviso. bequest, or donation to such institution for any specific object, shall be faithfully applied to the object specified by such donor.

required to give

(3141.) SEC. 8. The trustees of any institution incorporated Officers may be under the provisions of this act, may require the treasurer, and all bond, ete. other officers and agents, before entering upon the duties of their respective offices, to give bonds and securities in such sums as they may deem proper and sufficient.

port to superin

instruction.

(3142.) SEC. 9. Such trustees shall be required, on or before the Trustees to refirst day of December, annually, to report to the Superintendent tendent of public of Public Instruction a statement of the name of each trustee, officer, teacher, and student of such institution, with a statement of its property, the amount of stock subscribed, donated, and bequeathed, and the amount actually paid in, and such other information as will tend to exhibit its condition and operations. And said trustees shall be severally and jointly liable for all the Disability of labor performed for the corporation; but no execution shall issue bor performed. against any trustee, till an execution against the corporation shall Sec. 7. have been returned unsatisfied in whole or in part; and no such trustee shall be thus liable, unless suit for the collection of such debt shall have been brought against said corporation within one year after such debt shall have become due.

trustees for la

Const. Art. 15,

process to be

ration.

(3143.) SEC. 10. Service of legal process on any such corpora- How service of tion may be made on any one of the trustees thereof, if such made on corpotrustee be in the county in which the institution is located; but if not, then by leaving a copy of such process with any officer in the employ thereof, at its principal place of business.

tions may be

ted under this

(3144.) SEC. 11. Any institution of learning now in existence Existing Institu in this State, whether incorporated or not, shall be entitled to all come incorporathe benefits of this act, by complying with the provisions of this act; act. and may, by a vote of the majority of such corporation or unincorporated company or association, to be taken according to the act of incorporation, by-laws, or other legal regulations thereof, determine to avail itself of the provisions of this act, and to take and assume corporate name and powers thereunder, and may, by a like vote, transfer to such corporation, formed under this act, all its property, both real, personal, and mixed; and thereupon said

and liabilities of

Rights, powers, corporation, to which such property is so transferred, shall take the such new corpo- same in the same manner, to the same extent, and with the like

ration.

effect as the same was previously owned and held by the corporation, company, or association so transferring the same, and may, in its own corporate name, sue for and collect all debts, dues, demands, subscriptions, devises, and bequests thereof. The said corporation so taking such property as aforesaid, shall take the same subject to all liens, trusts, and limitations, both legal and equitable, to which the same was subject before such transfer, and shall also be liable for all the debts and obligations of such previous corporation, company or association, and shall pay the same, to the full extent of the value of such property at the time of so taking the same. (3145.) SEC. 12. Nothing in this act shall be construed as grantPons of corpo- ing banking powers, or as allowing the business of brokerage, or any other powers not usually granted to or exercised by institutions for educational purposes.

Restriction upon

powers ration.

This act shall take effect immediately.

CHAPTER CX.

LIBRARIES AND LYCEUMS.

Meeting of proprietors to form corporations, how called.

Chapter fifty-three of Revised Statutes of 1846.

OF LIBRARIES.

(3146.) SECTION 1. Any seven or more proprietors of a library may form themselves into a corporation, under such corporate name as they may adopt, for the purpose of enlarging, regulating, and using such library; and for that purpose any justice of the peace may, on the application of five or more of the proprietors. issue his warrant to one of them, directing him to call a meeting

choose officers.

of the proprietors at the time and place expressed in the warrant, for the purpose of forming such corporation, and such meeting shall be called by posting up a notice containing the substance of such warrant, in at least two public places in the township where such library is kept, at least seven days before the time of meeting. (3147.) SEC. 2. Any seven or more of the proprietors of such Proprietors may library, met in pursuance of such notice, may choose a president, a clerk, a librarian, collector, treasurer, and such other officers as they may deem necessary; and they may also determine upon the mode of calling future meetings of the proprietors; and the proceedings of such first meeting, containing a specification of the corporate name adopted by such proprietors, shall be certified by the clerk of such corporation, and recorded by the county clerk of the county within which the same is formed, who shall be entitled to receive seventy-five cents for recording the same.

privileges of

(3148.) SEC. 3. When such proprietors shall be organized as a Powers and corporation in the manner herein before provided, they shall have corporation. all the powers and privileges, and be subject to all the duties of a corporation, according to the provisions of chapter fifty-five, so far Chap. 72. as such provisions shall be applicable in such case, and not inconsistent with the provisions of this chapter.

or and treasurer.

(3149.) SEC. 4. The treasurer and collector shall give bond to Bond of collectsuch corporation, with sufficient sureties, to the satisfaction of the president, for the faithful discharge of their duties.

of corporation.

(3150.) SEC. 5. The said proprietors may raise such sums of Certain powers money, by assessment on the shares, as they shall judge necessary for the purpose of preserving, enlarging, and using the library; and the shares may be transferred according to such regulations as they may prescribe, and such corporation may hold real and personal estate to any amount not exceeding five thousand dollars, in addition to the value of their books.

OF LYCEUMS.

(3151.) SEC. 6. Any fifteen or more persons, in any township or Lyceums, how county within this State, who shall, by writing, associate for the organized otc. purpose of mental improvement and the promotion of education, may form themselves into a corporation by the name of "The Lyceum of "(the name of the place where the meetings of the corporation are to be holden), by calling their first meeting and being organized in like manner as is provided in this chapter, in the case of library corporations; and every lyceum, upon becoming

a corporation as aforesaid, shall have, during the pleasure of the Legislature, all the like rights, powers, and privileges, as the proprietors of such libraries, and may hold real and personal estate not exceeding six thousand dollars.

CHAPTER CXI.

TEACHERS' ASSOCIATIONS.

Fifteen or more

An Act to incorporate teachers' associations.

[Approved February 12, 1855. Laws of 1855, p. 268.]

(3152.) SECTION 1. The People of the State of Michigan enact, form corporation Any fifteen or more teachers, or other persons residing in this State,

teachers may

lished.

who shall associate for the purpose of promoting education and science, and improvements in the theory and practice of teaching, may form themselves into a corporation, under such name as they Notice to be pub- may choose, providing they shall have published, in some newspaper printed at Lansing, or in the county in which such association is to be located, for at least one month previous, a notice of the time, place, and purpose of the meeting for such association, and shall file in the office of the Secretary of State a copy of the constitution and by-laws of said association.

May hold real and personal property.

Restrictions upon its use.

Privileges and liabilities of corporation.

(3153.) SEC. 2. Such association may hold and possess real and personal property to the amount of five thousand dollars; but the funds or property thereof shall not be used for any other purpose than the legitimate business of the association in securing the objects of its corporation.

(3154.) SEC. 3. Upon becoming a corporation, as herein before provided, they shall have all the powers and privileges, and be subject to all the duties of a corporation, according to the provisions of chapter fifty-five of the Revised Statutes of this State, so far as

such provisions shall be applicable in such case, and not inconsistent with the provisions of this act.

This act shall take effect immediately.

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An Act to authorize the formation of corporations for literary and scientific purposes.

[Approved March 21, 1865. Laws of 1865, p. 725.]

corporation.

(3155.) SECTION 1. The People of the State of Michigan enact, Powers of All corporations organized and established under the provisions of this act, shall be capable of suing and being sued in any court of this State, and may have a common seal, and alter and amend the same at pleasure; may elect, in such a manner as they shall determine, all necessary officers, may fix their compensation and determine their duties, and make from time to time such by-laws, not inconsistent with the Constitution and laws of this State, as a majority of the members thereof shall direct.

literary and

(3156.) SEC. 2. Any number of persons, not less than ten, who Incorporated shall, by articles of agreement in writing, associate themselves other societies. together according to the provisions of this act, for literary or scientific purposes, or both, or for missionary or other benevolent purposes, and who shall comply with the provisions of this act, shall, with their successors and assigns, constitute a body politic and corporate, in fact and in name, under any name assumed by them in the articles of agreement: Provided, That no two societies Proviso. shall assume the same name.'

1 As amended by Act 18 of the Laws of 1867, p. 21, approved and took effect February 18. 1967.

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