Powers of cor porations to re other obstruc tions. (2793.) SEC. 19. If any person or persons shall put or cause to move jams and be put into any navigable river, creek, or stream in this State, or shall have in any such river, creek, or stream, any logs, lumber, or timber, for any purpose, and shall not make adequate provision and put on sufficient force for driving or running the same, or for breaking jams of such logs, timber, or lumber, in or upon such river, creek, or stream, at the head of or along the side of such boom, or shall, for want of adequate provision,.or want of sufficient force, allow such logs, timber, or lumber to jam or accumulate at the head of such boom or booms, or along the side thereof, thereby obstructing the navigation of such river, creek, or stream, it shall be lawful for such corporation, at the head of or along the side of whose boom or booms such jam or accumulation of logs, timber, or lumber shall form, to cause such jams to be broken, and such logs, timber, or lumber to be driven, boomed, rafted, or run, at the expense of the person or persons owning such logs, timber, or lumber; and such owner shall be liable to such corporation for corporation for the breaking of such jams and the driving, booming, rafting of said logs, timber, and lumber, and the cost and expense thereof; and such corporation shall have a lien on such logs, timber, or lumber, etc, so removed. for breaking such jams, and for driving, booming, rafting, or running such logs, timber and lumber, and the cost and expense thereof, and shall be entitled to take and retain possession of such logs, timber, or lumber, or so much thereof as may be necessary to satisfy the amount of such charges for breaking such jams, and for driving, booming, rafting, and running of said logs, timber, or lumber, and expenses and costs thereon, until the same shall be satDamages, how isfied and paid; and such corporation shall proceed to collect such charges, costs, and expenses, in the same manner, in all respects, as provided in sections seventeen and eighteen of this act. Owner of logs, etc., liable to removal. Corporation to have lien on logs, collected. Corporate taxes. (2794.) SEC. 20. The real and personal estate of such corporation shall be assessed and taxed, and may be sold, if delinquent for such tax, in the same manner, in all respects, as other real and personal estate is assessed, taxed, and sold in this State. SEC. 21. This act shall take immediate effect. CHAPTER LXXXIX. MECHANICS' ASSOCIATIONS. An Act to provide for the incorporation of mechanics' associations. [Approved February 17, 1857. Laws of 1857, p. 468.] be incorporated. (2795.) SECTION 1. The People of the State of Michigan enact, Association may That associations may be formed and incorporated for the purposes of promoting the mechanic arts in this State, for the relief of distressed mechanics, whether members of any such association or otherwise, and for such other charitable purposes as may be deemed proper by such association, connected with the mechanical and architectural arts. ment to be en and filed. (2796.) SEC. 2. That any six or more persons, residents of this Articles of agreeState, desirous to become incorporated for the above named tered into. objects, may execute under their hands, and acknowledge before some officer of this State having authority to take the acknowledgment of deeds, articles of agreement as hereinafter specified, one copy whereof, verified by the affidavit of two or more of the To be recorded trustees, shall be filed and recorded in the office of the Secretary of State, and another, verified in the same manner, in the office of the county clerk of the county in which their place of business shall be; and upon the execution of such articles of agreement, the acknowledgment thereof, and the filing of such copies as aforesaid, the parties signing the same, and those who may thereafter become associated with them, shall become a body politic and corporate for the purposes aforesaid. What articles to contain. Rights, powers, and privileges of corporation. Chapter 73. How affairs of association managed. Not to hold real estate except for (2797.) SEC. 3. Such articles of association shall containFirst. The names of the persons associating in the first instance, and their places of residence; Second. The name of such corporation, and the place where its office for the transaction of business is established, and the period for which it is incorporated, not exceeding thirty years; Third. The purposes for which it is incorporated, mentioned in the first section of this act; Fourth. The number of trustees and regular officers, and the time of holding its annual meetings; Fifth: The terms and conditions of membership therein. (2798.) SEC. 4. Every association formed under this act shall have all the rights, powers, and privileges granted by, and shall be subject to all the provisions of, chapter number fifty-five in title number ten of the Revised Statutes, so far as the same are not repugnant to the Constitution or to this act. (2799.) SEC. 5. The affairs of such association shall be managed by not less than five nor more than nine trustees, to be chosen by the members thereof, and to hold office for one year, and until their successors shall be chosen. A treasurer shall be appointed from the number of trustees, and the other regular officers shall be members of the association. A majority of the trustees shall be a quorum to transact business, and they may adopt such by-laws, not repugnant to this act or to such articles of association, as they may see fit, and change the same at pleasure. (2800.) SEC., 6. No such association shall have power to take or certain purposes hold any real estate, except such as may be actually occupied in the exercise of its franchises, and except such as it may acquire in security for, or satisfaction of, debts justly due it. How funds to be used. (2801.) SEC. 7. All funds received by such association shail be used in the first instance, or shall be invested and the income thereof used, after paying necessary expenses, exclusively for the purposes, or some of them, mentioned in the articles of association. Such association may take by gift, subscription, purchase, or devise, money to an amount not exceeding fifty thousand dollars; Restriction and it shall be lawful to invest the same upon mortgage or by loan amount of prop-in railroad stocks or bonds, or any city, county, State, or Government securities; but no loan shall be made to any trustee or officer of such association: Provided, That any such association may, in its articles of agreement, designate the kinds of securities in which its funds may be invested, in which case no part of its funds shall be invested in any securities other than named in its articles. erty. Proviso. upon made when re ney General or lect. (2802.) SEC. 8. Any such association, whenever required by the Report to be Attorney General or the Legislature, shall report to him or them quired by Attor under the oath of at least two of its trustees, a full and true state- Legislature. ment of its conditions and affairs; and for any willful neglect to Penalty for negmake such report within a reasonable time after the same is so required, the association shall be liable to pay to the people of this State a fine of fifty dollars; or, if the Attorney General shall so elect, or be instructed by the Governor, he may proceed against such association, by information, to forfeit its charter for such neglect. may consolidate (2803.) SEC. 9. Any association or society now incorporated for How association any of the above purposes, or hereafter to become incorporated with any now incorporated. under this act, may become consolidated with any one created by virtue of this act into a single corporation, which may be done by the vote or resolution of a majority of the members of each, at a meeting called for that purpose, a copy of which vote or resolution, signed by the presiding officer and secretary of such meeting, and verified by their affidavit, shall be filed in the office of the Secretary of State, and another, signed and verified in like manner, shall be filed in the office of the county clerk of the county where their place of business is. And upon such filing and an agreement entered into, and copies thereof filed as hereinafter provided, said corporation shall thereby become one associations under this act, to be called and known by such name as shall be given it in said agreement, but subject to the provisions of this act, and entitled to the same franchises and privileges as if it had been formed without such consolidation. (2804.) SEC. 10. Such agreement shall contain What agreement for consolidation First. The terms and conditions of such consolidation, and the to contain. disposition of the corporate property of each; Second. The name of the association thereby formed, the place where its office for the transaction of business is established, and the period for which it is incorporated, not exceeding thirty years; Third. The purposes set forth in the first section of this act; Fourth. The number of trustees and regular officers, and the time of holding its annual meetings; Fifth. The terms and conditions of membership therein; which agreement shall be executed and acknowledged, and copies thereof signed, verified, filed, and recorded, as provided in the first section. of this act: Provided however, That for the purposes of paying and enforcing the payment of its debts and liabilities, and the protection of all the rights of creditors and claimants, the members Libraries may be maintained by association. and the property of each such association shall be subject to the same remedies as if such consolidation had not taken place. (2805.) SEC. 11. All societies or associations, organized as aforesaid, shall have the right to keep and maintain libraries,. and make all needful by-laws for the good government and regulation of the same. SEC. 12. This act shall take immediate effect. CHAPTER XC. CO-OPERATIVE ASSOCIATIONS. Permission to incorporate. An Act to authorize the formation of co-operative asssociations by mechanics, laboring men, or others. 1 [Approved March 20, 1865. Laws of 1865, p. 581.] (2806.) SECTION 1. That any five or more persons who shall be desirous of uniting as mechanics, laboring men, or in any other capacity, in any co-operative association, for the purpose of purchasing all manner of groceries, provisions, and any other articles of merchandise and selling the same for cash, or otherwise, to all the stockholders and others, at such reasonable prices over the cost thereof as will enable the members of such association to obtain such commodities at the smallest practicable rate of cost, and also, if necessary, to manufacture any such articles of trade or merchandise, such as flour, meal, boots, shoes, clothing, and to vend the same as aforesaid, or for the purpose of cultivating or raising vegetables, fruits, or other produce, or animals, for food for said members, or to vend the same as aforesaid, may become incorpo 1 As amended by Act 25 of the Laws of 1867, p. 88, approved February 21, 1867. |