County or town associations.

tions of the State Board of Agriculture and State Agricultural Society, under the direction of the Secretary of State.

(3176.) SEC. 7. District or county, town, city, or village associations organized under this act are hereby required to report through Annual report. their secretary, in the month of November in each year, to the secretary of the State association, the proceedings of said society during the year, giving a statement of the facts elicited and of the experience gained during the preceding year; such reports from district, county, town, city, or village societies, to be used as correspondence in compiling the report of the State association provided for in section six.

Privileges, etc.

(3177.) SEC. 8. Associations incorporated under this act shall, on compliance with the requirements thereof, be entitled to all the immunities, emoluments, and privileges accorded by law to the agricultural societies of this State.

SEC. 9. This act shall take immediate effect.

CHAPTER CXV.

PUBLISHING ASSOCIATIONS.

Publishing associations authorized.

An Act to provide for the incorporation of associations for the publication of periodicals, newspapers, books, tracts, documents, and other publications.

[Approved March 7, 1861. Laws of 1861, p. 129.]

(3178.) SECTION 1. The People of the State of Michigan enact, That any three or more persons may associate themselves together as a body corporate, for the purpose of publishing periodicals, newspapers, books, tracts, documents, and other publications of a religious, historical, literary, agricultural, scientific, or educational character; which corporation shall, so far as the same shall be

applicable, be subject to the provisions of chapter seventy-three of the Compiled Laws of eighteen hundred and fifty-seven.

(3179.) SEC. 2. Such persons shall, under their hands and seal, Certificate specifying name, etc. make a certificate, which shall specify the name and location of such corporation, the names and places of residence of the shareholders, the number of shares held by each of them, respectively, and the amount of all other property, real or personal, that may

be held by such corporation; which certificate shall be recorded in To be recorded. the office of the Secretary of State, and in the office of the clerk

of the county in which such corporation is located.

(3180.) SEC. 3. Upon compliance with the provisions of the pre- Body corporats. ceding section, such association shall be and is hereby declared a body corporate, empowered to hold and possess so much real estate Powers of. purchased by it, or that may be given, granted, or devised to it as a corporation, in accordance with the provisions of law at the time such grant or devise shall take effect, as may be necessary for its use and occupation for the purposes of business, also personal property not exceeding one hundred thousand dollars: Provided, That all property of such association shall be subject to taxation, Property taxable and shall be used for no other purposes than in the legitimate business of the association, and to secure the object of its incorporation. (3181.) SEC. 4. Any association heretofore organized under the Enlargement of laws of this State, for the purposes above mentioned, or that may authorized. be organized under this act, may enlarge its capital stock by a vote of its stockholders, and such enlargement shall take effect upon filing a certified copy of the resolution of such stockholders in the office of the Secretary of State, and of said county clerk.'

An Act to provide for the incorporation of associations engaged in the publication of newspapers, periodicals, books, and other matter.

[Approved March 21, 1865. Laws of 1865, p. 647.]

capital stock

authorized.

(3182.) SECTION 1. The People of the State of Michigan enact, Associations That any three or more persons may associate themselves together for the purpose of procuring intelligence for the newspaper press from all parts of the world, by telegraph or otherwise, upon such terms and conditions, and subject to the liabilities, prescribed in this act.

(3183.) SEC. 2. Such persons shall, under their hands and seals, Articles of assosign articles of association, in which shall be specified

1 As amended by Act 817 of the Laws of 1865, p. 668, approved March 21, 1865. As added by Act 817 of the Laws of 1865, p. 668, approved March 21, 1865.

ciation.

Contents of.

Articles, where filed and record

ed.

Power of association.

First. The name of said association;

Second. The capital stock, and the number of shares into which the same shall be divided;

Third. The purposes for which such association is established; Fourth. The place where the office of business of said association shall be located;

Fifth. The term of the existence of said association, not to exceed thirty years.

The said articles shall be filed with the Secretary of State, and a copy thereof recorded in the office of the county clerk where the office of said company is established, and thereupon the said association shall be and the same is hereby declared to be a body corporate, under the name mentioned in such articles of association. (3184.) SEC. 3. It shall be competent for the said association to form by-laws, to provide therein for the annual election of so many directors and such other officers and agents as may be deemed expedient by said association, and generally to do any and all things authorized by chapter seventy-three of the Compiled Laws of eighteen hundred and fifty-seven; and the stockholders of all corporations founded upon this act shall be individually liable for all labor performed for such corporations or associations, which How enforced. said liability may be enforced against any stockholders founded on this statute, at any time after an execution shall be returned not satisfied, against said company: Provided always, That if any stockholder shall be compelled by any such action to pay the debts of any creditor, or any part thereof, he shall have the right to call upon the stockholders to contribute their part of the sum so paid by him as aforesaid, and may sue them jointly or severally, or any number of them, and recover in such action the ratable amount due from the person or persons so sued.

Stockholders individually liable.

Btockholders paying may recover from

their associates.

Increase of capital authorized.

Property subject to taxation,

Powers may be rescinded, etc.

(3185.) SEC. 4. The said association may, at a meeting called for that purpose, increase their capital, but never to exceed the sum of five hundred thousand dollars: Provided, That all property of such association shall be subject to taxation, and shall be used for no other purpose than in the legitimate business of the association, and to secure the object of its incorporation.

(3186.) SEC. 5. The Legislature may at any time, for just cause, rescind the powers of any corporation created pursuant to the provisions of this act, and prescribe such mode as may be necessary or expedient for the settlement of its affairs.

SEC. 6. This act shall take immediate effect.

CHAPTER CXVI.

FINE ARTS.

An Act to provide for the incorporation of associations for the encouragement of the

fine arts.

[Approved March 18, 1865. Laws of 1865, p. 494.]

porations.

(3187.) SECTION 1. The People of the State of Michigan enact, Powers of corAll corporations organized and established under the provisions of this act shall be capable of suing and being sued in any court in this State, and may have a common seal, and alter and amend the same at pleasure; may elect, in such a manner as they shall determine, all necessary officers; may fix their compensation and determine their duties, and make, from time to time, such by-laws, not inconsistent with the Constitution and laws of this State, as a majority of the stockholders shall direct.

(3188.) SEC. 2. Any number of persons, not less than five, who Body corporate. shall, by articles of agreement in writing, associate, according to the provisions of this act, under any name assumed by them, for the purpose of purchasing and of erecting or constructing a building or galleries for the exhibition, for a reasonable admission fee, of paintings, sculpture, engravings, and other works of art, and for the distribution of such works among subscribers or purchasers of right therefor, and who shall comply with the provisions of this act, shall, with their successors and assigns, constitute a body politic and corporate, in fact and name, under any name assumed by them in their articles of association: Provided however, That in Proviso. such distribution, each subscriber or purchaser of a right therein

shall be entitled to at least one of the pieces of sculpture, paintings, engravings, or specimens of the fine arts exhibited by such association for such distribution.

(3189.) SEC. 3. The articles of agreement of every such association shall be signed by the persons associating in the first instance, and acknowledged before some officer authorized by the laws of this State to take acknowledgment of deeds, and shall state

First. Distinctly and definitely the purpose for which the same is formed;

Second. The amount of their capital stock, and the number of shares ;

Third. The amount of capital stock actually paid in;

Fourth. The names of the stockholders, their respective residences, and the number of shares held by each person;

Fifth. The place in this State where their office for the transaction of business is located, and the county or counties in which their business is to be carried on ;

Sixth. The term of its existence, not to exceed thirty years. And such articles, with the certificate of acknowledgment thereof, shall be filed in the office of the Secretary of State of this State, and a duplicate thereof in the office of the clerk of the county where such association shall conduct its business, and which articles shall be recorded at length in said offices, in books provided therefor at expense of such corporation.

(3190.) SEC. 4. Every such corporation shall, annually, in the month of July, make a report to the Auditor General of this State, signed by a majority of the board of directors, containing— First. The amount of capital actually paid in;

Second. The amount invested in real estate;

Third. The amount of personal estate;

Fourth. The amount of their debts and credits, as near as may be; Fifth. The name of each stockholder, and the number of shares held by him at the date of such report; and every such report shall be verified on oath by the officers signing the same; and if any person shall, as to any material facts, knowingly swear or affirm falsely, he shall be deemed guilty of perjury, and be punished accordingly.

(3191.) SEC. 5. The amount of the capital stock in every such corporation shall be fixed and limited by the stockholders in their articles of association, and shall in no case be less than twenty thousand dollars nor more than five hundred thousand dollars, of which fifty per cent shall be actually paid in at the time of filing