PUBLIC ACTS, 1899. [No. 1.] AN ACT to amend section two of an act entitled "An act to provide for the incorporation of associations for the purpose of constructing, owning, controlling and acquiring by lease buildings for exposition and exhibition purposes," approved February twentieth, eighteen hundred eighty-nine, as subsequently amended, by amending the seventh subdivision of section two, and by adding a new subdivision to section two, to stand as subdivision eighth, and to add two new sections to said act to stand as sections thirteen and fourteen. The People of the State of Michigan enact: amended. SECTION 1. That section two of the act entitled "An act to Section provide for the incorporation of associations for the purpose of constructing, owning, controlling and acquiring by lease buildings for exposition and exhibition purposes," approved February twentieth, eighteen hundred eighty-nine, be amended to read as hereinafter set forth; and that there shall be added to said act two new sections to stand as sections thirteen and fourteen, to read as hereinafter set forth: sociation, SEC. 2. Such persons shall, under their hands and seals, Articles of asmake and subscribe articles of association, which shall be duly what to state. acknowledged, and shall state: First, The name of such corporation; Second, Distinctly the purpose for which the corporation is formed; Third, The amount of capital stock and the number of shares thereof; Fourth, The names of the stockholders, their respective residences, and the number of shares held by each; Fifth, The place in this State where the office for the transaction of business shall be located; Sixth, The term of its existence, which shall not exceed thirty years; Seventh, The number of directors, which shall not be less than five, and the names of those who shall be directors for the first year; Eighth, The amount of capital stock actually subscribed at the date of the articles, which shall not be less than ten per cent. stock. SEC. 13. It shall not be necessary for the original corporat- Subscription of ors to subscribe for the entire capital stock, but the portion not subscribed for may be disposed of at any time afterwards or diminished. holders to cancel or issue stock. by the corporation in such manner as the by-laws of the corporation may prescribe. Capital stock. SEC. 14. The capital stock and number of shares may be How increased increased or diminished at any annual meeting of the stockholders, or at any meeting duly called for that purpose, by a vote of two-thirds of the capital stock of the corporation, Power of stock and at such meeting the stockholders shall have power to make all necessary provisions for calling in and canceling the old and issuing new certificates of stock, but nothing herein contained shall in any way operate to discharge any company which many diminish its capital stock from any obligation or demand that may be due from said company. When any such corporation shall so increase or diminish its capital stock increased stock, the president and a majority of the directors shall make a certificate thereof, which shall be signed by them, and recorded and returned, as is provided herein for recording and returning the Articles of Association, and such increase or When said in diminution shall commence and be operative from and after the date when the certificate is received for record in the office of Secretary of State. Directors' cer tificate. When or diminished. erease or dimi nution takes effect. This act is ordered to take immediate effect. Additional per diem for Upper Peninsula members. [No. 2.] AN ACT to fix the per diem compensation of members of the State Legislature from the Upper Peninsula for and during the session of one thousand eight hundred and ninety-nine. The People of the State of Michigan enact: SECTION 1. That in addition to the compensation, mileage and allowance for stationery as fixed by law, for members representing the several senatorial and representative districts in the Upper Peninsula, there shall be allowed and paid two dollars per diem extra compensation during the legislative session of the year one thousand eight hundred and ninetynine. This act is ordered to take immediate effect. [No. 3.], AN ACT to repeal act number one hundred and twenty of the public acts of eighteen hundred and ninety-five, as amended by act number two hundred and seventy-five of the public acts of eighteen hundred and ninety-seven, entitled "An act to prevent the spearing of fish in the waters of Long Lake in Genesee county." The People of the State of Michigan enact: SECTION 1. That act number one hundred and twenty of the Act repealed. public acts of eighteen hundred and ninety-five, as amended by act number two hundred and seventy-five of the public acts of eighteen hundred and ninety-seven, entitled "An act to prevent the spearing of fish in the waters of Long Lake in Genesee county," be and the same is hereby repealed. This act is ordered to take immediate effect. [No. 4.] AN ACT to authorize the Prosecuting Attorney for the county of Lapeer to appoint an assistant Prosecuting Attorney and to prescribe his duties, powers and compensation. The People of the State of Michigan enact: prosecutor to SECTION 1. That the prosecuting attorney of the county of Power of Lapeer is hereby authorized and empowered to appoint an as- appoint sistant prosecuting attorney for Lapeer county, which appoint- assistant. ment shall be in writing and filed with the clerk of said county. SEC. 2. Said assistant prosecuting attorney shall receive Compensation. no salary except such compensation as shall be paid to him by the prosecuting attorney of said county. SEC. 3. That said assistant prosecuting attorney shall hold Term of office. his office during the pleasure of the prosecuting attorney of said county. SEC. 4. That said assistant prosecuting attorney shall and he is hereby given authority to perform such duties as may be Duties of. required of him by the prosecuting attorney, and shall be subject to all the disqualifications and disabilities of the prosecuting attorney in other cases, and shall, before entering upon the duties of his office, take and subscribe the oath of office pre- Oath of office. scribed by the constitution of this State and file the same, together with his acceptance, with the county clerk of said county. Duty of prosecutor in case of assistant's removal. SEC. 5. That in case of the removal from office of said assistant prosecuting attorney, by the prosecuting attorney of said county, he shall file such revocation of appointment in the office of the clerk of said county. This act is ordered to take immediate effect. Land patents authorized and directed. Acts repealed. [No. 5.] AN ACT to authorize and direct the Commissioner of the State Land Office of this State, to issue a patent to James O. Ferguson and Cora A. Ferguson, for the northeast quarter of the southeast quarter, of section sixteen in township number three south, of range number four west, confirming the title thereto in James O. Ferguson and Cora A. Ferguson. The People of the State of Michigan enact: SECTION 1. That the Commissioner of the State Land Office, of the State of Michigan, is authorized and directed to issue a patent for the northeast quarter of the southeast quarter of section sixteen in township number three south, of range number four west, to James O. Fer guson and Cora A. Ferguson, of the township of Albion, Calhoun county, Michigan, upon the surrender by the said James O. Ferguson and Cora A. Ferguson, of primary school certificate number three thousand eight hundred and ten, together with all assignments thereof and the payment by said James O. Ferguson and Cora A. Ferguson, of all taxes that may have been assessed upon said lands and now remain. ing unpaid, and all rights and title to such lands herein before described shall be delivered and be and become the absolute and equitable property of the said James O. Ferguson and Cora A. Ferguson, in fee. SEC. 2. All acts and parts of acts, and all executive or other official orders or decrees made thereunder, in any way conflicting with this act, are hereby repealed. This act is ordered to take immediate effect. |