the board a quo ing (except that vacancies occurring between annual meetings may be filled by the board); and said officers shall constitute a A majority of board for the management of the concerns of said society, a rum. majority of whom shall be a quorum; and it shall be the duty of Duty of officers. said officers to manage the property and concerns of said society as will best promote the interests of agriculture, horticulture, and mechanic arts; and they may hold fairs and exhibitions, and may distribute premiums for the best and most meritorious animals or articles exhibited in these several departments, as shall be by their by-laws and regulations provided.1 of societies. (2172.) SEC. 5. There shall be but one county society in any one Limit to number county of this State, nor shall there be more than one town society in any one town, village, or city; but two or more counties, towns, or parts of towns, being contiguous, may join and organize district societies.1 societies may be real estate. (2173.) SEC. 6. The said society may, in case the uses and con- When and how venience thereof so require, upon application to the circuit court authorized to sell of the county where such society is organized and located, obtain and have authority to sell, from time to time, the whole or any part of its real estate; the granting of such authority to be in the discretion of the court, and such application to be made only when authorized by said society, at an annual meeting thereof, by a vote of not less than two-thirds of the members of such society present at such meeting, and notice of the intention to vote for such application having been published in some newspaper published in said county, if there be one published, and if not, then in some newspaper published in an adjoining county, once a week for three months next preceding such annual meeting. dividually liable (2174.) SEC. 7. The stockholders of all corporations organized Stockholders inunder this act, shall be individually liable for all labor performed for labor. for such corporation or association. report to State (2175.) SEC. 8. The president, secretary, and treasurer of said Officers to make society shall, on or before the twentieth day of December in each society. year, make out and transmit to the secretary of the State Agricultural Society, at his office, a statement of the transactions of said. society for the preceding year, and giving a full detail of the receipts and expenditures thereof, with a list of the premiums awarded, and to whom and for what purpose. (2176.) SEC. 9. This act shall be subject to the provisions of Act subject to certain provischapter fifty-five, title ten, of the Revised Statutes of eighteen hun- ions. 1 As amended by Act 88 of the Laws of 1867, p. 124, approved and took effect March 23, 1867. Vested with po lice powers. dred and forty-six, so far as applicable to associations formed under this act. SEC. 10. This act shall take effect immediately. An Act vesting with police powers, marshals, and their deputies. at State and county fairs. [Approved March 15, 1861. Laws of 1961, p. 468.] (2177) SECTION 1. The People of the State of Michigan enact, That all persons duly appointed or chosen as marshal and deputy marshals, at the State fair or county fair, by authority of the State or county agricultural societies of this State, shall, as such marshals, during the days of the fair, be vested with the police powers of special constables in the township, village, or city in which such fair is held. Issue of bonds authorized. An Act to authorize agricultural and horticultural societies to issue bonds or other evidences of debt, and to mortgage real estate for certain purposes. (2178.) SECTION 1. The People of the State of Michigan enact, That it shall and may be lawful for any agricultural or horticultural society, duly organized as a corporation by virtue of any law of this State, by the vote of two-thirds of all the directors or other officers having the management of the affairs of such society, to issue bonds or other evidences of debt, bearing interest at a rate not exceeding ten per centum per annum, and to secure the payMay mortgage ment of the same by a mortgage or mortgages upon the real estate of such society, or any part thereof, whenever necessary for the purpose of paying the purchase money of permanent grounds, or for buildings or improvements made or to be made thereon: Provided however, That any such society may, by its by-laws, limit, regulate, or wholly restrain the powers conferred by this act. real estate. Proviso. Former mortgages declared valld. (2179.) SEC. 2. Any mortgage which may have been heretofore executed by any such society, under its corporate scal, and under the hands of its president and secretary, in accordance with any vote or by-laws of such society, shall be valid and binding to all the intents and purposes in such mortgage expressed. SEC. 3. This act shall take immediate effect. An Act for the better promotion of the interests of agriculture, manufactures, and the mechanic arts. [Approved February 7, 1867. Laws of 1867, p. 15.] agriculture, etc. of taxes for. (2180.) SECTION 1. The People of the State of Michigan enact, Advancement of That in any county in this State where the inhabitants thereof have organized and established more than one society for the encouragement and advancement of agriculture, manufactures, and the mechanic arts, in accordance with the provisions of section. sixteen hundred and eighty-seven of the Compiled Laws, the board of supervisors of said county may apportion the amount raised by Apportionment tax in said county, by the provisions of sections sixteen hundred and eighty-seven, sixteen hundred and eighty-eight, and sixteen hundred and eighty-nine of the Compiled Laws, among cach of said societies, as they may deem equitable and just. (2181.) SEC. 2. When the inhabitants of parts of two or more Taxes apporcounties lying adjacent to each other have united in organizing and establishing a society for the encouragement and advancement of agriculture, manufactures, and the mechanic arts, in accordance with the provisions of section sixteen hundred and eighty-seven of the Compiled Laws, the board of supervisors of each of the said counties may apportion to such society so much of the amount raised by tax in their respective counties, by the provisions of sections sixteen hundred and eighty-seven, sixteen hundred and eighty-eight, and sixteen hundred and eighty-nine of the Compiled Laws, as they may deem equitable and just. SEC. 3. This act shall take immediate effect. tioned. CHAPTER LXXXIII. Maritime commerce, or navigation. CHAPTER LXXXIV. For the construction and improvement of canals or harbors, or for the improvement of rivers for the purposes of navigation. CHAPTER LXXXV. For the improvement of rivers for the purposes of navigation. CHAPTER LXXXVI. Water-power companies. CHAPTER LXXXVII. Rafting companies. CHAPTER LXXXVIII. For the running, booming, and rafting of logs. CHAPTER LXXXIX. Mechanics' associations. CHAPTER XC. Co-operative associations. CHAPTER XCI. Trades unions as mechanics' associations. CHAPTER XCII. Building and leasing companies. CHAPTER XCIII. Building and savings associations. CHAPTER CVII. Father Matthew total abstinence benevolent societies. CHAPTER CVIII. Religious societies. CHAPTER CIX. Institutions of learning. CHAPTER CX. Libraries and lyceums. CHAPTER CXI. Teachers' associations. CHAPTER CXII. Literary and scientific associations. CHAPTER CXIII. Polytechnic associations. CHAPTER CXIV. Pomological and horticultural societies. CHAPTER CXV. Publishing associations. CHAPTER CXVI. Fine arts. CHAPTER CXVII. Musical societies. CHAPTER CXVIII. Masonic lodges. CHAPTER CXIX. Independent Order of Odd Fellows. CHAPTER CXX. Independent Order of Good Templars. CHAPTER CXXI. St. George's societies. CHAPTER CXXII. Pocahontas Tribes of Improved Order of Red Men. Societies of marksmen. CHAPTER CXXIV. Gymnastic associations. CHAPTER CXXV. Skating parks or rinks, and parks kept for ornament, recreation, or amusement. CHAPTER CXXVI. For the detection and apprehension of horse thieves and other felons. CHAPTER CXXVII. Villages. CHAPTER CXXVIII. For the introduction of water into towns, cities, and villages. CHAPTER CXXIX. Burying grounds and rural cemeteries. CHAPTER CXXX. General provisions relating to corporations, sociate. be not less than dollars. (2182.) SECTION 1. The People of the State of Michigan enact, Persons may as That any person or number of persons may associate to establish offices of discount, deposit, and circulation, upon the terms and conditions, and subject to the liabilities, prescribed in this act; but the aggregate amount of the capital stock of any such Capital stock to association shall not be less than fifty thousand dollars. Three- fifty thousand fourths of the capital stock of any bank may be invested in Three-fourths of public stocks, as security for its circulating notes. No bank shall vested in public take, as security for any loan or discount, a lien on any part of its capital stock, but the same security, both in kind and amount, shall be required of shareholders and of persons not shareholders; and no bank shall be the holder or purchaser of any portion of its Bank shall not capital stock, or of the capital stock of any other incorporated curity on its own stock may be in stocks. take lien as se |