temperance associations or mectings, such library and reading rooms, historical and scientific associations, and those for the promotion of arts, and such school, lecture and meeting rooms as to said association shall seem meet and proper: Provided however, That if said edifice shall consist of three or more stories, it shall be lawful for the said association to lease the first and second stories thereof for mercantile or other business purposes: Proviso. Provided also, That no Ibid. part of said edifice shall at any time be let or used for the sale of ardent spirits, wine, beer, cider, or any other spirituous liquors what soever. Sec. 3. The government of said association and the management of its property and affairs, shall be vested in such officers and according to such rules and regulations as the by-laws thereof shall from time to time ordain: Provided, That such by-laws shall not conflict with any laws of this State, nor the constitution of the United States and of this State. Sec. 4. It shall and may be lawful for the Legislature at any time to demand a statement of the amount of property, real and personal, belonging to the said corporation, and of the debts due to and from said corporation, and the purposes for which disbursements shall have been made; and shall also have the right to authorize one or more persons to inspect such general accounts in the books of said corporation. Sec. 5. The corporation hereby created shall be subject to all the provisions of, and possess all the powers granted by, chapter fiftyfive of the revised statutes of one thousand eight hundred and fortysix, so far as the same are not inconsistent with the provisions of this act. Sec. 6. Every stockholder of said corporation shall be personally liable to the amount of his stock for the payment of all the debts of said corporation. Sec. 7. The Legislature may at any time alter or repeal this act, Approved April 1, 1850. Incorpora. tion. General provisions. Proviso. Officers. Capital. Stock. [ No. 221. ] AN ACT to incorporate the Muskegon Manufacturing Company. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That John F. Stearns, Abraham H. Covert, Calvin Page, their associates and successors, are hereby created and duly incorporated for the the term of fifty years, a body corporate, under the name and title of the Muskegon Manufacturing Company, for manufacturing of lumber, lath, shingles, woolen and cotton goods, at the forks of Muskegon river, in the county of Newago and State of Michigan, capable of exercising all the powers, franchises and privileges of a corporation, necessary for the purposes aforesaid, and subject to all the conditions, requirements and privileges specified in chapter fifty-five of the revised statutes: Provided, That nothing in this act contained shall confer on said company any powers of banking or brokerage, exchange, dealing in money, purchasing any stock of any bank, or for any other purposes than herein particularly specified. Sec. 2. Said corporation shall have a treasurer, (who shall be a resident of this State, and upon whom service of any process against said company shall be made, and the same shall be deemed a valid service thereof upon said Muskegon Manufacturing Company,) and such other officers, agents and persons in their employ, as the business of the company may require, to be determined by the members of said corporation, and to be appointed in such manner and for such duties and time as the by-laws of said corporation may prescribe. The said company may have a corporate seal, and the treasurer shall be sworn to the faithful performance of his duties. Sec. 3. The capital stock of said company shall be one hundred thousand dollars, to be divided into such number of shares as the stockholders or a majority of them shall determine at their first regular meeting; at which meeting the stockholders shall adopt a code of by-laws, with such rules for the issuing of stock certificates, assignments and transfer of the same, the appointment and election of officers and their duties, and for such other purposes, not inconsistent with the laws of this State, as will enable them to carry out the true intent and meaning of this act, as may seem proper and necessary for the earrying on the business of the company. Thirty thou sand dollars of said capital stock may consist of real estate, which Real estate. said company is hereby authorized to acquire, hold and convey. Sec. 4. Any inhabitant of this State shall have a lien upon [the] Lien. stock and appurtenances and entire property of said company for all claims or demands less than one hundred dollars, originally made and contracted within this State, which shall have precedence of all other claims, judgments or dues, liens or mortgages against said com pany. Business of fice. Sec. 5. The said company shall, within six months after its organization under the provisions of this act, locate their business office, which shall be in the county of Newago, and file in the office of the Secretary of State a certificate specifying the place of location. In case the treasurer of said company is not found at said office, service of all legal process against said company may at any time be made by leaving a copy thereof at said office. Said company shall at all times maintain and have an office in said county; and if the location of said office is changed, notice thereof shall be filed immediately with the Secretary of State. For a failure to comply with any of the Fine. provisions of this section, said company shall be liable to a fine of one hundred dollars, to be recovered by the party aggrieved. Sec. 6. All the stockholders of said company shall be severally and Liability. individually liable to the creditors of said company, to an amount equal to the amount of stock held by them respectively, for all debts and contracts made by or for said company, until the whole of their capital stock shall have been paid in, and a certificate thereof shall have been made and recorded as prescribed in the following section; and the capital stock of said company shall be paid in, one-half within When stock two years, and one-half within four years from the passage of this to be paid in act, or said company be dissolved. Nothing but money shall be considered as payment of any part of the capital stock. Sec. 7. The president and a majority of the trustees or directors Certificate of said company, within thirty days after the payment of the last in- of payment. stalment of the capital stock of said company, shall make a certificate stating the amount of capital so paid in, which certificate shall be signed and sworn to by the president and a majority of the trustees or directors, and they shall within the said thirty days cause the same to be recorded in the book of miscellaneous records in the office of the register of deeds in the said county of Newago. Dividends. Liability. Repeal. Sec. 8. If said company shall declare and pay any dividend when said company is insolvent, or any dividend the payment of which would render it insolvent, or which would diminish the amount of its capital stock, the stockholders shall be jointly and severally liable for all the debts of the company then existing. The stockholders of said company shall be jointly and severally individually liable for debts that may be due and owing to all their agents, laborers and apprentices, and to all persons in their employ, for services performed for said company. Sec. 9. The Legislature may at any time alter, amend or repeal this act; but such amendment shall not, nor shall the dissolution of said company, take away or impair any remedy given against said company, its stockholders or officers, for any liability which shall have been previously incurred. Sec. 10. This act shall take effect immediately. Repeal. Engine. [ No. 222. AN ACT to repeal the act incorporating the village of Ann Arbor. Sec. 2. This act shall take effect immediately. [ No. 223. ] AN ACT extending the time in which the county treasurer of St. Clair county may receive returns of taxes collected by the several town treasurers of the townships of Ira and Clay, for the year 1849. Section 1. Be it enacted by the Senate and House of Representatives Returns. of the State of Michigan, That the time for making the returns of taxes collected in the several townships of Ira and Clay, for the year eighteen hundred and forty-nine, be and the same is hereby Time exextended to the twentieth day of April instant. tended. Treasurer & Sec. 2. The county treasurer of St. Clair county is hereby au- Duty of thorized and required to receive the returns from the several trea- Aud. Gen'1. surers of the townships of Ira and Clay, of taxes collected in said townships for the year eighteen hundred and forty-nine, at any time prior to the twentieth day of April instant; and at any time prior to the first day of May next, to make out, compare, certify and forward to the Auditor General a transcript of such returns, as required by section fifty-nine, chapter twenty, title five, of the revised statutes of eighteen hundred and forty-six. And the Auditor General is hereby authorized to receive the same and dispose thereof as in oth er cases. Sec. 3. This act shall take effect and be in force from and after its passage. Approved April 1, 1850. [ No. 224. ] AN ACT to provide for the liquidation of a certain demand against the estate of Justus Burdick, deceased. Whereas, The late Justus Burdick, of Kalamazoo, and A. M. Burdick, his wife, did, on the first day of October, A. D. 1839, execute to the Superintendent of Public Instruction a certain indenture of mortgage upon certain premises in the village and county of Kalamazoo, and described as follows: Beginning at the north-west corner of lot number eighty-one (81) in the village of Kalamazoo in said county, being at the junction of Rose and Main streets, on the west side of Rose street and south side of Main street; thence east by said Main street twenty rods to the west side of Burdick street; Preamble. |