or more newspapers in the city of Detroit, at least thirty days before the time of such meeting. Sec. 6. Any inhabitant of the State of Michigan, not a stock. Lien holder of said company, shall have a lien upon the stock, appurtenances and entire property of said company, for all claims and demands against said company, to the amount of one hundred dollars or under, which shall take precedence of all other claims or demands, judgments or decrees, liens or mortgages against said company; and any person may enforce said lien by filing in any court in the county where said debt was contracted, having jurisdiction thereof, an affidavit showing to the satisfaction of such court that he has a claim under the provisions of this section; and such court may thereupon issue an attachment against the property of said company, and the same proceedings may be thereupon had as in other cases. provisions. Sec. 7. Said company shall be subject to the provisions of chap- General ter fifty-five of the revised statutes of eighteen hundred and fortysix of this State, so far as the same are not inconsistent with the provisions of this act. Sec. 8. The said company shall, within six months after their or- Business of ganization under the provisions of this act, locate their business of- fice. fice or offices, one of which shall be in this State, and file in the office of the Secretary of State of Michigan a certificate specifying the place or places of such location. All annual and other meetings of said company shall be held at such place or places as the by-laws of the company, by its board of directors, may designate and direct. Service of Sec. 9. Service of any legal process may be made on any one of the officers of said company; and said company shall at all times process. have an agent residing in the city of Detroit, upon whom service of all legal process may at any time be made, which shall be as valid as if made upon any of such officers. A certificate in writing of the appointment of such agent, shall be filed in the office of the county clerk of the county of Wayne; and if no such agent shall be appointed, or if neither such agent nor any such officer shall be found in the county of Wayne, then service thereof may be made by posting up a copy of such process in some conspicuous place in said clerk's office. Sec. 10. The stockholders of said company shall be severally in- Liability. dividually liable to an amount equal to the amount of stock held by Dividend. l'ime for payment of capital stok Limited. Tiration of sebarter. them respectively, for all debts and contracts made by said compa ny, until the amount of stock held as aforesaid shall have been paid in, and a return made to the State Treasurer, as prescribed in section four of this act; and they shall be jointly and severally liable for all debts that may be due or owing to any and all their laborers, or any person or persons in their employ, for services performed for such corporation, but shall not be liable to an action therefor before an execution shall be returned unsatisfied, in whole or in part, against said company; and then the amount due on said execution shall be the amonnt recoverable, with cost and interest, against said stockholders. If the directors of said company, or their agent, contract debts for the company exceeding in the aggregate the amount of capital stock paid in, said directors shall be individually and personally liable for all debts of said company. Sec. 11. If the directors of said company shall declare and pay any dividend when said company is insolvent, or which would render it insolvent, they shall be jointly and severally liable for all the debts of said company then existing, and for all debts thereafter contracted so long as they shall respectively continue in office. Sec. 12. This act shall cease, determine and be void if said comshall not pay in ten per cent. of their capital stock within two pany years after the passage of this act; and the amount of the capital stock of said company shall be limited to, and never thereafter exceed, the amount paid in at the time the annual report of said company is made for the year eighteen hundred and sixty. Sec. 13. This act shall take effect immediately, and shall continue in force thirty years; but may be annulled or repealed at any time by the Legislature, if said company violate or fail to comply with any of the provisions of this act. Approved April 2, 1850. No. 295. ] AN ACT to provide for the appraisal of certain lanés in Berrien County. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That the Governor of this State shall ap point three suitable persons, residents of the county of Berrien, for Appraisers. the appraisal of the lands hereinafter described. Sec. 2. It shall be the duty of the said appraisers forthwith after their appointment by the Governor, to proceed upon, and examine and appraise at their true and just value per acre, (exclusive of all improvements thereon,) the lands described in University certificates numbered three hundred and thirty, three hundred and thirty-one, three hundred and thirty-two, three hundred and thirty-three, three hundred and thirty-four and four hundred and five, situated in section twenty-four, township four south of range nineteen west; also, the lands described in University certificates numbered twenty, fiftytwo, sixty, sixty-one, and sixty-nine, in section twenty-six, township four south of range nineteen west; all of said lands being in the township of St. Joseph in the county of Berrien, and known as University lands. Sec. 3. Said appraisers shall immediately thereafter make out and transmit to the Commissioner of the State land office, a statement of the said appraisal, containing a description and valuation of the lands contained in each of said certificates, but said valuation shall not be less than six (6) dollars per acre. Their duties Ibid. Cow. State Sec. 4. It shall be the duty of the said commissioner to credit the Duties of grantees named in said certificates, their heirs, administrators and assigns, with the difference between said valuations and the prices at which said lands were purchased as stated in said certificates; but no credit shall reduce the price of said lands below six dollars per acre, with interest thereon, from the time of purchase. See. 5. Said grantees, their heirs and assigns, may hold any part Ibid of said lands in the legal sub-divisions named in said certificates of purchase, and surrender the balance of them to the State; and all moneys paid to the State by said grantees, their heirs and assigns, upon said lands, shall be credited to said grantees, their heirs and assigns, upon such lands as they shall elect to hold as aforesaid, upon the surrender to the said commissioner by the said grantees, their heirs and assigns, of the certificates of purchase of the lands so surrendered to the State; and if necessary in carrying out the provis ons of this section, said commissioner is hereby authorized to issue Hew certificates upon the surrender of the certificate originally issured to said grantees. Certificates revived. Sec. 6. For the purpose of carrying out this act, certificates twen ty, three hundred and thirty-two, three hundred and thirty-three and three hundred and thirty-four, be and the same are hereby revi ved. Sec. 7. Said grantees, their heirs or assigns, shall pay to said Pay of ap appraisers for their services, as soon as rendered, one dollar to each praisers. for every day thus employed, and fifty cents for each half day, and five cents per mile for traveling fees for going only to the place of appraisal; but no money shall be drawn from the State under the provisions of this act. Sec. 8. This act shall take effect and be in force from and after its passage. Approved April 2, 1850. [ No. 296. ] AN ACT to provide for the sale of a site to School District Num Sec. 2. This act shall take effect immediately. Authorized t No. 297. 1 AN ACT to authorize James Shepherd, guardian of Esther Ann Section 1. Be it enacted by the Senate and House of Representatives to convey. of the State of Michigan, That James Shepherd, guardian of Esther Ann Shepherd, be and he is hereby authorized and empowered to bargain, sell and convey, in the behalf of the said Esther Ann Shepherd, all the right, title and interest which the said Esther Ann has in the following described piece or parcel of land, to wit: the east fractional half of the south-west quarter of section thirty-four, in township two north of range three west, in the county of Eaton. Probate to approve of sale. Sec. 2. Said James Shepherd is hereby authorized to sell and con- Judge of vey said land entire or in parcels, as to him shall appear to be most for the interest of the said Esther Ann; but no conveyance of said land made by said James Shepherd shall be of any force or effect unless the Judge of Probate of Eaton county shall, under his hand and seal of office, certify upon the back of said conveyance his approval of the same. give bond. Sec. 3. Before the land mentioned in the first section of this act Guardian to shall be conveyed, the said James Shepherd shall execute and deliver to the Judge of Probate of said county, a bond, with at least two sufficient sureties, to be approved by said Judge, conditioned that he will faithfully apply the proceeds of such sale in the manner provided by section three of chapter seventy-eight of the revised statutes of 1846, as printed. Sec. 4. This act shall take effect and be in force from and after its passage. Approved April 2, 1850. [ No. 298. ] AN ACT to authorize Delia C. Cole, Charles Henry Cole and Mariett Lavinia Cole, to convey certain real estate. Authorized Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Delia C. Cole, and Charles Henry to convey. Cole, and Mariett Lavinia Cole, of the town of Napoleon in the county of Jackson, be and they are hereby authorized to sell and convey the following described land, viz: the south seventy-six acres of the west half of the south-east quarter of section thirty, township four south of range two east. Also the south-west half of the north-east quarter of section twenty-six, township four south of range one east, in the county of Jackson, and to give to the purchaser or purchasers thereof a good and sufficient deed: Provided, Any Proviso. |