Certificate of secretary Sec. 5. Whenever an assessment is made on any premium note, prima facie given to the Jackson County Mutual Fire Insurance Company for evidence. any hazard taken by said company, or as consideration for any poli cy A of insurance issued, or to be issued by said company, and an action is brought for the recovery of such assessment, the certificate of the secretary of said company, under the seal of said company, specifying such assessment and the amount due to said company, on such note, by means thereof, shall be taken and received as prima facie evidence thereof in all courts and places whatever. Sec. 6. This act shall take effect immediately. [ No. 236. ] Incorporation. Route. Capital. General provisions. AN ACT to incorporate the Walker and Vergennes Plank Road Company. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Joseph Penny, William S. Waring, John B. Shear, William A. Richmond and Harvey P. Yale, be and they are hereby appointed commissioners, under the direction of a majority of whom subscriptions may be received to the capital stock of the Walker and Vergennes Plank Road Company; and the subscribers thereto, with such other persons as they shall associate with them for that purpose, their successors and assigns, shall be and they are hereby created a body politic and corporate, by the name and style of the Walker and Vergennes Plank Road Company, with corporate succession. Sec. 2. Said Company hereby created shall have the power to lay out, establish and construct a plank road, and all necessary buildings and appurtenances, from the town of Walker in the county of Kent, to the town of Vergennes in the county of Kent, with the right of uniting said road at any other point with the plank road of any other company. Sec. 3. The capital stock of said company shall be thirty thousand dollars, to be divided into one thousand two hundred shares of twenty-five dollars each; and said company shall be subject to all general laws of this State now in force relative to plank roads, and the same are made a part of this act. charter. Sec. 4. This act shall be and remain in force for the term of sixty Duration of years from and after its passage; but the Legislature may at any time alter, amend or repeal this act by a vote of two-thirds of each branch thereof; but such alteration, amendment or repeal shall not be made within thirty years from the passage of this act, unless it shall be made to appear to the Legislature that there has been a violation by the company of some of the provisions of law to which it is subject: Provided, That after said thirty years, no alteration or re- Repeal, duction of the tolls of said company shall be made during its existence, unless the yearly nett profits of said company, over and above all expenses, shall exceed ten per cent. on the capital stock invested: Provided, There be no violation of the charter of said company. Sec. 5. This act shall take effect and be in force from and after its passage. Approved April 1, 1850. Proviso [ No. 237. ] AN ACT to vacate a portion of a certain street in the village of Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That all that part of Exchange street in the village of Owasso, (as laid down in the recorded plat thereof,) which lies west of Water street in said village, be and the same is hereby vacated. Sec. 2. This act shall take effect and be in force from and after its passage. Approved April 1, 1850. [ No. 238. ] AN ACT to repeal act No. 105 of the session of A. D. 1849, and to establish the dividing line between the townships of China and St. Clair, in the county of St. Clair. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Act No. 105 of the session laws of 1849, be and the same is hereby repealed. act No. 52 of 1817 a ine nued. Sec. 2. That all that part of the township of China that is included within the incorporation limits of the village of St. Clair, be and the same is hereby attached to the township of St. Clair for township purposes. Sec. 3. This act shall take effect and be in force from and after its passage. Approved April 1, 1850. [ No. 239. ] AN ACT to amend an act entitled an act to incorporate the village of Hillsdale, approved March 16, 1847. Section 1. Be it enacted by the Senate and House of Representatives Bec. 13 cf of the State of Michigan, That the act entitled "an act to incorporate the village of Hillsdale," approved March 16, 1847, be and the same is hereby amended as follows: after the word "dollars," in the ninth line of section 13, insert "except upon a vote of the electors of said village, taken at the annual meeting, immediately after the closing of the polls, or at a special meeting, called upon a notice, as provided for the annual meetings, in which notice the object of the meeting shall be stated; and not to exceed six hundred dollars with such vote." And after the word "dollars," in the tenth line of section 18, insert "except upon a vote of the electors of said village, taken at the annual meeting, immediately after the closing of the polls, or at a special meeting, called upon a notice, as provided for the annual meetings, in which notice the object of the meeting shall be stated." Ser. 18 a. mended. Incorp ration, Sec. 2. This act shall take effect and be in force from and after its passage. Approved April 1, 1850. [ No. 240. ] AN ACT to incorporate the Grand Rapids Manufacturing Company. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Truman H. Lyon, Daniel Ball, W. A. Richmond, John T. Pittman and Frederick D. Richmond, their associates and successors, are hereby created and duly incorporated for the term of fifty years, a body corporate under the name and title of the Grand Rapids Manufacturing Company, for the purpose of manufacturing woolen and woolen cloths, and cotton and cotton cloths, at the Rapids of Grand river in the county of Kent and State of Michigan, capable of exercising all the powers, franchises and privileges of a General corporation, necessary for the purposes aforesaid, and subject to all the conditions, requirements and privileges specified in chapter fiftyfive of the revised statutes. provisions. Sec. 2. Said corporation shall have a treasurer, (who shall be a officers. 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 Grand Rapids 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 Capital. 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, as- Stock signments 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 carrying on the business of the company. Forty thousand dollars of said capital stock may consist of real estate, which said company is hereby authorized to acquire, hold and convey. Sec. 4. Any inhabitant of the State shall have a lien upon [the] stock Lien. 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 company. Real estate. File certifi cate. fice. Fine. Sec. 5. The said company shall, within six months after the organization thereof under the provisions of this act, locate their business office, which shall be in the county of Kent, 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 Business of 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 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 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 fellowing section; and the capital stock of said company shall all be paid in, one-half within one year, and one-half within two years from the of this act, or said company be dissolved. Nothing bus passage money shall be considered as payment of any part of the capital Liability. Dissolution bf company. Certificate ed. stock. Sec. 7. The president, and a majority of the trustees or directors to be record of said company, within thirty days after the payment of the last instalment 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 Kent. Dividends. 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 Liability of said company shall be jointly and severally individually liable for debts that may be due and owing to all their agents, laborers and |