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SEC. 4. There shall be a meeting of the stockholders of said corporation on the first Monday in July, one thousand eight hundred and fifty, and on the first Monday in July in every succeeding year, at some convenient place in the village of Mt. Clemens, to be designated by the by-laws of said corporation; and a majority of the stockholders who shall meet in person or by proxy, shall at their first annual meeting, elect six trustees, who shall immediately be divided by lot into three classes; the first class to hold their offices one year, the second two years, and the third three years; so that thereafter there shall be two trustees elected andually; each trustee so elected to hold his office until his successor shall have been elected.
Sec. 5. The capital stock of said company shall be one thousand dollars, in shares of ten dollars each; and the trustees are hereby authorized to receive subscriptions thereto, at such times and places as they or a majority of them shall designate; said shares to be assignable and transferable agreeably to such by-laws as the trustees may from time to time establish, and shall in law be considered personal property.
Bec. 6. The trustees of said corporation shall be jointly and severally liable for all debts of the said corporation: Provided, That no execution shall issue against the individual property of said trustees, until the property of the corporation shall first have been exhausted: And provided further, That any trustee resigning, shall not thereby be released from any liability accrued during the period which he was in office, until a responsible successor shall be appointed, and enter upon the discharge of his duties.
dec. 7. The board of trustees shall cause to be transmitted to the Superintendent of Pablic Instruction, annually, on or before the tenth day of November, a full statement of the condin tion of the institute.
Sec. 8. This act may be amended or repealed at any time, by a vote of two-thirds of any future Legislature.
Approved April 1, 1860.
[ No. 29. ] AN ACT to incorporate the Young Ladies' Seminary of the City
SECTION 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Charles Noble, Dan B. Miller, William H. Boyd, Robert McClelland, S. R.' Arnold, George Laodon, Wedworth W. Clark, David A. Noble, Thomas G. Cole, Norman R. Hascall, Ira Mayhew, Werner Wing, H. Morgan, H. H. Northrop, C. F. Lewis and Charles G. Johnson, together with such other persons as may become members of the incorporation hereby created, shall be and they are hereby constituted and declared to be a body corporate and politic, by the name of “ The Young Ladies' Seminary of the City of Monroe;" and in their corporate name may sue and be sued; may have a common sen), which they may renew at pleasure; and shall have, enjoy, and may exercise all the powers, rights and privileges which appertain to corporate bodies for the purposes mentioned in this act.
Sec. 2. The capital stock of said corporation shall not exceed the sum of ten thousand dollars, and shall be divided into shares of ten dollars each.
Sec. 3. The corporation hereby created shall be capable in law to purchase, take, receive, hold and enjoy any estate, roal and personal, whatever, to an amount not exceeding ten thousand dollars, and to lease, sell and convey, or otherwise dispose of the same.
Sec. 4. There shall be sixteen trustees of said corporation, who shall be members thereof, and who shall mannge all the affairs thereof; and the first trustees shall be Charles Noble, Dan
B. Miller, William H. Boyd, Robert McCleland, S. R. Arnold, George Landou, Wedworth W. Clack, David A. Noble, Thomas G. Cole, Norman R. Hascall, Ira Mayhew, H. H. Northrop, C. F. Lewis, H. Morgan, Warner Wing and Charles G. Johnson, who shall hold their offices untü the third Wednesday in August, eighteen hundred and fifty, and until others are elected in their places.
980. 5. There shall be, on the third Wednesday in August, eighteen hundred and fifty, and on the third Wednesday in August in every succeeding year, a general meeting of the members of said corporation, at some convenient place in the city of Monroe, to be designated by the by-laws of said corporation; and a majority of the members who shall meet in person or by proxy, shall elect by ballot, sixteen of their number to be trustees of the said corporation for the year then next ensuing.
Sec. 6. The trustees of said corporation shall have power to choose from out of their mum. ber, a president, a treasurer and secretary, who shall immediately enter upon the duties of their offices, and hold the same from the time of their election until the third Wednesday in August of the ensuing year, and until others are chosen in their stead; and in case any of the trustees shall resign, die, refuse or neglect to act, then, and in every such case, the remaining trustees may, within thirty days thereafter, elect by ballot, other members of said corporation in their stead, who shall hold their offices in the same manner as those first elected.
Sec. 7. Each member shall be entitled to one vote for each share of which he shall be the holder. And the said trustees shall receive subscriptions for shares in said corporation, until the capital stock may be subscribed; and said shares be assignable and transferable according to such rules as the board of trustees shall from time to time make and establish, and shall be considered personal property.
Sec. 8. In case it should at any time happen that an election of trustees should not be made on any day, when, pursuant to this act, it ought to have been made, the said corporation shall not for that cause be dissolved, but it shall and may be lawful on any other day to hold an election for trustees in such manner as shall be provided by the laws and ordinances of said corporation
Sec. 9. The trustees may, by their by-laws, make all necessary rules and regulations for calling special meetings, and changing the time of the annual meetings, and for all other purposes necessary to carry on the true intent and meaning of this act, and not inconsistent with the laws of this state; and a majority of the trustees shall constitute a quorum for the transaction of business.
Sec. 10. A board of visitors, consisting of twelve ladies, shall be appointed annually by the trustees, whose duty it shall be to attend all examinations, and from time to time make a personal exanination into the state of the seminary, in all its departments, and report the result to the trustees, suggesting such improvements as they may deem important.
Sec. 11. It shall be the duty of the trustees to submit to the Superintendent of Public Instruction, an annual report, exhibiting the number of pupils in the seminary, and the condition thereof in all its departments; and he may, in his discretion, submit the same to the Legislature in his annual report.
Sec. 12. The said corporation shall incur no debt whatever, except such as may be necessary for the current expenses of each current year: Provided, Nothing herein contained shall prohibit said corporntion from executing a mortgage or other security for the balance now due for the purchase of property which has been already made for them.
Sec. 13. This act shall take effect and be in force from and after its passage. The Legislature may at any time alter, amend or repeal this act, by a vote of two-thirds of each House.
Approved February 18, 1850.
[ No. 112. ) AN ACT to incorporate St. Mark's College at Grand Rapids. SECTION 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That the Right Reverend Samuel A. McCoskry, Bishop of the Protestant Episcopal Church in the Diocese of Michigan, and his successors in said office, together with Francis H. Cuming, James M. Nelson, George Kendall and Alonzo Platt, of the county of Kent, Charles C. Taylor, of the county of Washtenaw; Charles Reighley, of the county of Genesee; Richard S. Adams, of the county of Lenawee; Algernon S. Hollister, of the county of Livingston; Richard S. Elder, of the county of Hillsdale; Charles C. Trowbridge and Henry P. Baldwin, of the county of Wayne; Daniel T. Grinnell and Ira Backus, of the county of Jackson; Charles E. Stuart, of the county of Kalamazoo; James L. Glen, of the county of Berrieu; Hiram Adams and George C. Gibbs, of the county of Calhoun, and their successors, be and are hereby created, ordained and constituted a body politic and corporate, in fact and in name, by the title of St. Mark's College; and by that name they and their successors shall remain in perpetual succession, with full power to sue and be sued, plead and be impleaded; to acquire, hold and convey property, real and personal; to have and to use a common seal; to alter and renew the same at pleasure; to make and alter from time to time such by-laws as they may deem necessary for the government of said institution, its officers and servants; and of doing every other act, matter and thing necessary and proper for the well-being and government of the same, not inconsistent with the constitution and laws of the United States and this State: Prorided, That nothing in this section shall be construed to authorize said corporation to hold at one time more than one hundred thousand dollars in property, real and personal.
Sec. 2. The said college or institution, as well as the preparatory school attached thereto, shall be located in the township of Grand Rapids, county of Kent, and shall be for the purpose of affording instruction in the liberal arts and scieuces to such extent as their means may justify, and also for the study of all or any of the liberal professions; the preparatory department may embrace instruction for both male and female students.
Sec. 3. The board shull, at their first meeting, appoint a secretary and treasurer, together with such other officers and instructors as may be necessary, and shall have power to displace any or either of them; and also to fill vacancies wbich may happen by death, resignation, removal from the State, or otherwise, in snid board, or among said officers, instructors and servants; and also to prescribe and direct the course of study to be pursued in said institution and its departments.
Sec. 4. The Bishop of said Church shall also be a member of said board and president thereof; when he is absent, or if there be a vacancy in said office of Bishop, the board shall elect one of their own number to preside for the time being. The secretary and treasurer shall be elected at each annual meeting of the board.
Sec. 5. The board of trustees shall consist of seventeen members, exclusive of the president, any eight of whom may constitute a quorum for the transaction of business; said board shall hold their first meeting at the call of the president of the same, within two months from the approval of this act, and afterwards they shall meet on their own appointment; special meetings may be called when necessary, by the president, or when required by any five members, each member of the board having been notified, in writing, of such meeting, at least seven days hefore the time of meeting.
SŁc. 6. The treasurer of the college shall always, and all other agents when required, before catering ou the duties assigned thèm, give bonds for the security of the corporation and the public, in such penal sums, and with such sureties, as said board shall approve; and all process against the institution shall be by summons, and the service of the same shall be by leaving
an attested copy thereof with the treasurer of the college, at least thirty days before the retura thereof.
Sec. 7. The institution hereby incorporated, as well as the preparatory school attached there. to, shall always be subject to the examination of a board of visitors, three in number, to be as. nually appointed by the Superintendent of Public Instruction, and such visitors shall report said Superintendent as soon after an examination as practicable.
Sec. 8. The trustees shall have the power to confer the honors and degrees usually granted by collegiate inslitrtions upon such persons as may be recommended by the professors of said institution to be worthy thereof: Provided, That the primary degrees shall not be code ferred on any students, who shall not have passed through a course of studies equivalent to and as thorough as that prescribed by the Regents of the University of Michignn for candidates for degrees.
Sec. 9. Said corporation shall not hold any real estate more than fifteen years after the same shall have been conveyed to it: excepting, always, such real estate as shall be necessary for the objects of said corporation.
Seo. 10. The legislature may at any time alter, amend or repeal this act.
[ No. 314. ] AN ACT to incorporate the St. Mary's Academy, at the village of
Bertrand in Berrien county. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Aglac De la Cheptais, Vathurine Salon, Theresa Dussaulx, Prosperine Chanson, and their associates and succesors in office, be and they are hereby constituted and declared a body corporate and politic by the name and style of the St. Mary's Academy; and by that name they shall have perpetual succession, with full power and authority to elect a president, professors, teachers and other officers and ngents, as they may deem proper for the benefit of said scademy; to form constitutions and by-laws for the good government of the institute; to contract and be contracted with; to acquire, hold, enjoy and transfer property, real or personal, in their corporate capacity; to make, have and use a common seal, and the same to alter at pleasure ; to sue and be sued; to plead and be impleaded in any court of law or equity; to receive or secept of any grant, gift, donation, bequest or conveyance by any person, company or corpora tion, of any property, real or personal; and to hold and enjoy and dispose of the same as may be deemed by them the best for the interest of the institution; to make, ordain, establish and execute such rules and ordinances, not inconsistent with the constitution of the United States or this State, as they shall think proper for the welfare of said academy, and to do all other acts in pursuance thereof, necessary for the promotion of the arts and sciences and the prosperity of said academy: Provided, Said corporation shall not hold any real estate more than five years after they shall have become owners of the same, except such real estate as shall be necessary for the objects of the corporation: And provided further, That the amount of real and personal estate which suid corporation may hold, shall not at any time exceed fifty thousand dollars: Provided further, That no deed or devise of lands made to said corporation by any person or persons during his or her last sickness shall be valid.
SEC. 2. This act is declared to be a public act, and the same shall be construed favorably for every beneficial purpose therein intended. The Legislature may at any time alter, amend or repeal this act. This act shall take effect and be in force from and after its passage.
Approved April 2, 1850.
LITERARY ASSOCIATIONS. AN ACT to incorporate the members of the Detroit Young Men's
Society. SECTION 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That the members of the Detroit Young Men's Society, and all such persons as shall be associated with them for the purposes hereinafter mentioned, and their successors be and they are hereby ordained, constituted and appointed a body poltic and corporate, in fact and in name, under the name of the “Detroit Young Men's Society,” for the purpose of moral and intellectual improvement, and by that name they and their successors may have perpetual succession, and shall be capable of suing and being sued, pleading and being inpleaded, answering and being answered unto, defending and being defended in all suits, complaints, metters and causes whatsoeter, either in law or equity; of having a common seal, of enacting all by-laws, for the regulation of the officers and members of said society, of acquiring by gift, devise, purchase or otherwise, and of holding and conveying any real, personal or mixed estate whatsoever, necessary and proper for the object of this incorporation: Provided, The same shall at no time exceed the sum of twenty-five thousand dollars.
SEC. 2. And for carrying into effect the purposes aforesaid, there shall be a president, rice : president, corresponding and recording secretaries, treasurer, auditor, and seven managers, who together shall constitute a board of directors, and shall, as such, keep a record of their proceedings, be empowered to establish and superintend a library, elect members, and for good cause expel the same, subject to an appeal to the society, fill all vacancies occurring between each annual meeting in their own body-transact all business-direct all the affairs, control and dispose of all funds, estate and effects of said society, and do every other act, matter and thing necessary and proper for the good government of the same, not inconsistent with the by-laws and this act of incorporation, seven of whom shall constitute a quorum for the transaction of business.
8Ec. 3. There shall be an annual meeting of the society on the first Monday in July in each year, at which shall be held an election of officers and managers, who shall be elected by a majority of the members present, and shall hold their offices for one year, or until others be chosen in their places: Provided, That in case it shall at any time happen that an election of officers and managers shall not be made on the day aforesaid, the said corporation shall not be dissolved; but it shall and may be lawful to hold such election at any time thereafter, pursuant to public notice given in one or more papers printed in the city of Detroit.
Sec. 4. That the lands, tenements and hereditainents, which it shall be lawful for the said corporation to purchase, shall be only such as shall be required for its accommodation in relation to the convenient transaction of its business; and it shall be the duty of the board of directors whenever required by the Legislature to furnish a statement under oath or affrmation, the amount of capital actually paid in, the amount of their real estate, and other property, and containing a true and faithful exhibit of the entire state of said society.
Sec. 5. That of the said Detroit Young Men's Society, John L. Talbott shall be president, John Owen vice president, Franklin Sawyer Jr., corresponding secretary, Henry N. Walker recording secretary, Henry T. Stringham treasurer, Alexander FI. Sibley, auditor, and Francis Raymond, Andrew T. McReynolds, Francis Dwight, Asher S. Kellogg, Marshal J. Bacon, Alexander W. Buel and Charles W. Penny, managers—who, together shall constitute the first board of directors of said society; and shall hold their said offices until the first Monday of July, A. D. 1836, or until others shall be chosen in their stead, according to the provisions of this act.
Sec. 6. This set may be altered, amended or repealed by any future Legislature, with the Assent of at least two-thirds of the members of each bouse,
Approved March 26, 1836.