Capital Stock not to be increased Act. Corporation purchasing the same, in like manner as if originally incurred by it; and all rights of creditors, and all liens upon the property of either Corporation, shall remain unimpaired, and the respective Corporations shall continue to exist so far as may be necessary to enforce the same. (1843.) SEC. 5. No Corporation with which another may be by virtue of this consolidated under this act, shall be allowed to increase its capital stock by virtue of this act, but such Corporation shall, in all respects consistent with this act, be subject to the provisions of the general law of this State above referred to, authorizing the formation of Mining Corporations. SEC. 6. This act shall take immediate effect. Corporations may be organized for Music. An Act for the Incorporarion of Musical Societies. [Approved February 16, 1857. Laws of 1857, p. 354.] (1844.) SECTION 1. The People of the State of Michigan enact, Instruction in That Corporations may be organized under the provisions of this act, for the instruction of vocal and instrumental Music, and the giving of public vocal and instrumental Concerts, subject to the provisions hereinafter set forth. ment how ex Articles of Agree- (1845.) SEC. 2. That any five or more persons, who may ecuted; Where desire to become incorporated for the purpose set forth in recorded. section one, may execute under their hands and acknowledge to be filed and before some person within this State, authorized to take the acknowledgment of deeds, one or more duplicate articles of agreement as hereinafter specified, one copy whereof shall be filed and recorded in the office of the Secretary of State, and a record shall be made of such articles, or a certified copy thereof, in the Clerk's office of the county or counties in this State in which the office of said Association, for the transaction of business, may be located; and upon the execution and acknowledgment of such articles, the signers thereof, and those who may thereafter become associated with them, shall become a body politic and corporate, for the purposes set forth in such articles. contain. (1846.) SEC. 3. The articles of such Association shall contain: What Articles to 1. The names of the persons associating in the first instance, and their places of residence; 2. The name of such Corporation, and the place where its office for the transaction of business is located, and the period for which it is incorporated, not exceeding thirty years; 3. The objects for which it is organized, which shall be stated with convenient certainty and expressly;" 4. The number of its Directors and regular officers, and the time and place for holding its annual meeting; chosen. 5. The terms and conditions of membership therein; (1847.) SEC. 4. The officers (affairs) of said Corporation shall Directors; how be managed by not less than five, or more than twenty Directors, to be chosen for such period and in such manner as the by-laws of such Corporation shall provide, and who shall hold their offices until their successors are chosen. The officers may be Powers of Direcchosen, and the by-laws of such Corporation adopted and changed by the Directors, as the articles or by-laws may prescribe; a majority of the Directors shall be a quorum to transact business; all of such Directors shall be residents of the State of Michigan. tors. power to hold (1848.) SEC. 5. No such Corporation shall have power to Restriction on take or hold any real estate, except such as may be necessary Real Estate. for the transaction of its business, for a longer period than thirty years. used and Proper (1849.) SEc. 6. All the funds received by such Corporation How Funds to be shall be used in the first instance, or shall be invested, and the ty invested. income thereof used, after paying necessary expenses, for. the exclusive purpose set forth in the articles of Association; and no portion thereof shall be used for any such purpose, except within the State; and no portion of the funds of any such Property Corpo incorporation shall be used or contributed towards the erection, completion, or furnishing of any building not owned or used by said Corporation. Such Corporation may take by gift, Limitation as to purchase or devise, property (exclusive of that actually used ration may hold. and necessary for the transaction of its business) to an amount not exceeding fifty thousand dollars; and it shall be lawful to invest the same upon mortgage, or in or by loan on railroad stocks or bonds, or any city, county, or Government securities, or deposit it at some bank, or with any broker in this State: Provided, That any such Corporation may, in its articles of agreement, specify the kind of securities in which its funds shall be invested; and that no part of its funds shall be invested in any securities other than those named in its articles, or where the securities shall not be specified in the articles of agreement, then such funds shall only be invested in such securities as are specified in this act. No two to have same name. Specific Tax to be paid to State. (1850.) SEC. 7. No two such Associations incorporated under this act shall transact business under the same name. (1851.) SEC. 8. Every Association organized under the provisions of this act, shall pay to the State Treasurer, on or before the second Monday of January in each year, during its corporate existence, one per cent. upon its capital actually invested, deducting the real estate held by such Association; which amount shall be in lieu of all other taxes or assessments. All real estate owned by such Association may be taxed as other real estate in the city, village or township where the same may be situated. SEC. 9. This act shall take immediate effect. first year. 1859. Notice of payment of subscription to be given. 1860. Annual Report to be made to Auditor General. 1861. Office of Company how designated; Service of process on Company. 1862. Inhabitants of this State to have lien for claims. 1863. Directors shall cause Survey, etc., to be recorded. 1864. Powers of Directors in Construction of Road. 1865. When and how use of Highway to be obtained; Saving of Private Rights. 1866. Appraisal of Private Damages. 1867. Width of Road, Grade and other description. 1868. When and where Cates may be erected; Rates of Toll; Penalty for Illegally Passing Gates; Farmers exempt from Toll in certain cases. 1869. Annual State Tax, when to be paid, and how estimated. 1870. Exemption from Toll. 1871. Subscription to Capital Stock extended. 1872. Duties of Directors to keep Road in Repair; Forfeiture for neglect. 1873. Other Forfeitures. SECTION 1874. Power of Toil Gatherer to detain persons, etc., till Toll paid. 1875. Penalty for Obstructions, etc. 1876, 1877. Liability to pay Toll, etc., in certain cases. 1878. Penalties and Forfeitures, how recovered; Duty of Treasurer of Company. 1879 Company subject to certain provisions. 1880, 1881. Road may be constructed of Gravel or Stone, instead of Plank; Specifications. II. UNDER THE GENERAL INCORPORATION ACT OF 1851. 1882. Corporations, how formed; Articles of Association. 1883. Articles of Association to be Filed with Secretary of State; General powers and liabilities of Corporation. 1884. Five per cent. of Stock to be paid before Articles Filed; Affi avit to Articles; Stockholders not to vote while Assessments unpaid. 1885. Copy of Articles and Affidavit made evidence. 1886. Board of Directors, and their Election; How vacancies filled. 1887. Proceedings when Regular Election not held. 1888. Board, how formed. 1889. President and Treasurer. 1890. By-Laws. 1891. May enter upon Lands to Survey and Locate Route; Where not to locate without consent of Owner; When may take possession of Lands. 1892. Not to hold Land except for use of Road. 1893. May take or purchase Lands for Road. 1894. How damages appraised, when compensa tion not agreed upon. 1895. Commissioners to be appointed by Court; Petition therefor. 1896. Commissioners to be Sworn; Notice to SECTION Owners; Duties of Commissioners to ex- 1898. Commissioners to act in all cases arising in 1899. Like proceedings to be had in other Coun- 1900. Fees of Commissioners, Witnesses and Off- 1901, 1902. Appraisal of Land of Married Wo- 1903. Subpoenas for Witnesses. 1904. Damages must be tendered before sing 1905. Damages, how paid in case of non-resident 1906. How to obtain use of Street. 1907. Highway may be used by consent of cer 1908. Mode of Construction of Road. 1910. Exemptions frem Toll. 1911. Application to Circuit Court to change 1912. Payments and Forfeiture of Stock. 1914. Notice of location of office to be given. SECTION and exhibited; Penalty for neglect to keep 1916. Individual liability of Stockholders. cases. 1918. Judgment to be obtained against Company 1923. List of Rates to be Posted. 1924. Persons to pay before passing Gate. etc. 1926. Penalty for Injuring Road. 1929. Affairs subject to Legislative examination. GENERAL PROVISIONS. 1952. Company to keep Highway in Repair in certain cases; Forfeiture for neglect. 1933. If Plank Road not kept in repair, Toll not to be taken. 1934. Company may collect Toll when two miles of Road constructed. 1935. When Company shall cease to be body corporate. 1936. Certain Provisions Repealed. Plank Road om panies Incorpo An Act Relative to Plank Roads. [Approved March 13, 1848. Laws of 1818, p. 59.] (1852.) SECTION 1. Be it enacted by the Senate and House of rated to be sub- Representatives of the State of Michigan, That all Corporations hereafter created for the purpose of constructing Plank Roads, shall be subject to the provisions hereinafter contained. ject to Provisions of this Act. What Aots of Incorporation to specify. Powers of Plank Road Companies. (1853.) SEC. 2. All acts incorporating Companies for the purpose aforesaid, shall contain the names of not less than three persons, as Commissioners, to receive subscriptions to the capital stock of said Corporation, and shall specify the point or place from which, and to which said road is to be constructed, the capital stock of such Company, and the num ber of shares into which the stock is to be divided, and the duration of such Corporation. (1854.) SEC. 3. All such Corporations shall be deemed persons in law, and as such shall be capable of suing and being sued in all Courts, and in all manner of actions, and may |