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Corporations,

Library may form themselves into a Corporation, under such prietors to form corporate name as they may adopt, for the purpose of how called. 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 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.

choose Officers.

(1783.) SEC. 2. Any seven or more of the proprietors of Proprietors may such 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.

ileges of Corpo

(1784.) SEC. 3. When such proprietors shall be organized Powers and privas a Corporation in the manner hereinbefore provided, they ration. shall have all the powers and privileges, and be subject to all the duties of a Corporation, according to the provisions of Chap. 72. chapter fifty-five, so far as such provisions shall be applicable

in such case, and not inconsistent with the provisions of this chapter.

or and Treasurer.

Corporation.

(1785.) SEC. 4. The Treasurer and Collector shall give bond Bond of Collectto such Corporation, with sufficient sureties, to the satisfaction of the President, for the faithful discharge of their duties. (1786.) SEC. 5. The said proprietors may raise such sums of Certain powers of 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.

48

Lyceums, how organized, etc.

OF LYCEUMS.

(1787.) SEC. 6. Any fifteen or more persons, in any township or county within this State, who shall, by writing, associate for the 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.

[blocks in formation]

Association may

be Incorporated.

An Act to Provide for the Incorporation of Mechanics' Associations.

[Approved February 17, 1857. Laws of 1857, p. 468.]

(1788.) SECTION 1. The People of the State of Michigan enact, That Associations may be formed and incorporated for the

purposes of promoting the Mechanic Arts in this State, for the relief of distressed mechanics, whether members of any such Association or otherwise, and for such other charitable purposes as may be deemed proper by such Association, connected with the Mechanical and Architectural Arts.

ment to be euter

and Filed.

(1789.) SEC. 2. That any six or more persons, residents of Articles of agreethis State, desirous to become incorporated for the above ed into. named objects, may execute under their hands, and acknowledge before some officer of this State, having authority to take the acknowledgment of deeds, articles of agreement as hereinafter specified, one copy whereof, verified by the affidavit of two or more of the Trustees, shall be filed and To be Recorded recorded in the office of the Secretary of State, and another, verified in the same manner, in the office of the County Clerk of the county in which their place of business shall be; and upon the execution of such articles of agreement, the acknowledgment thereof, and the filing of such copies as aforesaid, the parties signing the same, and those who may thereafter become associated with them, shall become a body politic and corporate for the purposes aforesaid.

(1890.) SEC. 3. Such articles of Association shall contain: 1. The names of the persons associating in the first instance, and their places of residence;

2. The name of such Corporation, and the place where its office for the transaction of business is established, and the period for which it is incorporated, not exceeding thirty years;

3. The purposes for which it is incorporated, mentioned in the first section of this act;

4. The number of Trustees and regular officers, and the time of holding its annual meetings;

What Articles to contain.

and Privileges of

5. The terms and conditions of membership therein. (1791.) SEC. 4. Every Association formed under this act Rights, Powers shall have all the rights, powers and privileges granted by, Corporation. and shall be subject to all the provisions of chapter number fifty-five, in title number ten of the Revised Statutes, so far as chapter 73. the same are not repugnant to the Constitution or to this act.

sociation man

(1792.) SEC. 5. The affairs of such Association shall be man- How affairs of Asaged by not less than five, nor more than nine Trustees, to be aged. chosen by the members thereof, and to hold office for one year, and until their successors shall be chosen; a Treasurer shall be appointed from the number of Trustees, and the other regular officers shall be members of the Association. A

Not to hold Real

Estate except for

majority of the Trustees shall be a quorum to transact business, and they may adopt such by-laws, not repugnant to this act or to such articles of Association, as they may see fit, and change the same at pleasure.

(1793.) SEC. 6. No such Association shall have power to certain purposes. take or hold any real estate, except such as may be actually occupied in the exercise of its franchises, and except such as it may acquire in security for, or satisfaction of debts justly

How Funds to be used.

due it.

(1794.) SEC. 7. All funds received by such Association shall be used in the first instance, or shall be invested and the income thereof used, after paying necessary expenses, exclusively for the purposes, or some of them, mentioned in the articles of Association. Such Association may take by gift, subscription, purchase or devise, money to an amount not exceeding fifty thousand dollars; and it shall be lawful to Restriction upon invest the same upon mortgage or by loan in railroad stocks or bonds, or any city, county, State or Government securities; but no loan shall be made to any Trustee or officer of such Association: Provided, That any such Association may, in its articles of agreement, designate the kinds of securites in which its funds may be invested, in which case, no part of its funds shall be invested in any securities other than named in its articles.

amount of

perty.

Report to be made when re

torney General or

(1795.) SEC. 8. Any such Association, whenever required quired by At by the Attorney General or the Legislature, shall report to Legislature. him or them under the oath of at least two of its Trustees, a Penalty for neg-full and true statement of its condition and affairs; and for

lect.

How Associations may consolidate

any willful neglect to make such report within a reasonable time after the same is so required, the Association shall be liable to pay to the People of this State a fine of fifty dollars; or, if the Attorney General shall so elect, or be instructed by the Governor, he may proceed against such Association, by information, to forfeit its charter for such neglect.

any

(1796.) SEC. 9. Any Association or Society now incorporated with any now for Incorporated. of the above purposes, or hereafter to become incorporated under this act, may become consolidated with any one created by virtue of this act, into a single Corporation, which may be done by the vote or resolution of a majority of the members of each, at a meeting called for that purpose, a copy of which vote or resolution, signed by the presiding officer and Secretary of such meeting, and verified by their affidavit, shall be filed in the office of the Secretary of State, and

another signed and verified in like manner, shall be filed in
the office of the County Clerk of the county where their place
of business is. And upon such filing and an agreement
entered into, and copies thereof filed as hereinafter provided,
said Corporations shall thereby become one Association under
this act, to be called and known by such name as shall be
given it in said agreement, but subject to the provisions of
this act, and entitled to the same franchises and privileges as
if it had been formed without such consolidation.
(1797.) SEC. 10. Such agreement shall contain:

What agreement for consolidation

1. The terms and conditions of such consolidation, and the to contain. disposition of the corporate property of each;

2. The name of the Association thereby formed, the place where its office for the transaction of business is established, and the period for which it is incorporated, not exceeding thirty years;

3. The purposes set forth in the first section of this act; 4. The number of Trustees and regular officers, and the time of holding its annual meetings;

5. The terms and conditions of membership therein; which agreement shall be executed and acknowledged, and copies thereof signed, verified, filed, and recorded, as provided in the first section of this act: Provided, however, That for the Proviso. purposes of paying and enforcing the payment of its debts and liabilities, and the protection of all the rights of creditors and claimants, the members and the property of each such Association shall be subject to the same remedies as if such consolidation had not taken place.

maintained by

(1798.) SEC. 11. All Societies or Associations, organized as Libraries may be aforesaid, shall have the right to keep and maintain libraries, Association. and make all needful by-laws for the good government and regulation of the same.

SEC. 12. This act shall take immediate effect.

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