same, shall cause a notice of such assessment to be published, for twelve successive weeks, in the newspaper printed nearest to the burial ground of such Corporation, which notice shall state when such assessment was made, with a list.of the names of all the stockholders in such Corporation, and the amount assessed to each, and directing each stockholder to pay Forfeiture for his assessment to the Treasurer of such Corporation; and if any such stockholder shall neglect or refuse to pay any assessment, for six months from the time such assessment was made, all rights of such stockholder under such Corporation shall cease, and all rights of burial owned by him shall revert to said Corporation.

non-payment.

Duties of Officers to be defined by By-Laws.

Treasurer's duty.

Form of Record of Right of Burial.

(1743.) SEC. 27. The powers and duties of all officers holding office under any Corporation organized under this act, shall be defined by the by-laws of such Corporation, except so far as they are defined in this act.

(1744.) SEC. 28. It shall be the duty of the Treasurer of any Corporation organized under this act, to receive and safely keep all moneys belonging to such Corporation, and pay them out on the order of the clerk, countersigned by the President of such Corporation.

(1745.) SEC. 29. A record shall be kept by each Corporation organized under this act, of the rights of burial disposed of by such Corporation, in the following form:

"No.

The of

for
hereby grant unto

to them paid by right of burial in their grounds, and embracing in reference to this map, subject, nevertheless, to assessment and forfeiture, as

provided by law.

Dated
Countersigned,

18

President.

Clerk."

Blanks and Index for Record.

Burial to be de

(1746.) SEC. 30. It shall be the duty of every Corporation organized under this act, to procure a sufficient number of blanks of the form above prescribed, bound in convenient form, with an index in which shall be entered alphabetically the names of the purchasers of rights of burial in the grounds of such Corporation.

Price of Rights of (1747.) SEC. 31. The price of rights of burial in the grounds termined by of such Corporation, shall be determined by the stockholders of such Corporation present at any regular meeting.

Stockholders.

Receipt for payment therefor.

(1748.) SEC. 32. Upon payment to the Treasurer of any Corporation organized under this act, the price of any right

of burial determined as above, it shall be the duty of such Treasurer to give the purchaser a receipt therefor, which receipt shall accurately describe the premises on which payment has been made.

Right of Burial to

(1749.) SEC. 33. Upon presenting to the Clerk of any Corpo- Certificate of ration organized under this act, a receipt from the Treasurer purchaser. thereof, in the form prescribed in the next preceding section of this act, it shall be the duty of such clerk to issue a certificate of right of burial, signed by such clerk, and countersigned by the President of such Corporation, in the form prescribed in the twenty-ninth section of this act.

set off Potters'

(1750.) SEC. 34. Any Corporation organized under this act, Corporation may shall have power to set off a part of their burial ground as a Field. Potter's Field, and under proper regulations, permit the dead

may be Incorpo

(1751.) SECTION 1. The People of the State of Michigan enact, How Societies That any three or more persons who may desire to become rated. incorporated for any charitable purpose, may execute under their hands, and acknowledge before some person within this State, authorized to take the acknowledgment of deeds, one or more duplicate articles of agreement, as hereinafter

where to be filed.

Copy of Articles 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 of a certified copy thereof, in the Clerk's office of the county or counties in this State in which the office of such 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 purpose set forth in said articles.

Meaning of term

"Charitable cieties."

So

Articles of Association, what to contain.

chosen.

chosen.

"Charitable Societies," within the meaning of this act, shall be construed to include only Societies intended to assist those suffering from any disease, infirmity, or necessity: Provided, however, That no person shall, by reason of membership in any such Society, become entitled thereby to any special dividend or benefit out of the funds thereof, depending on such membership.

(1752.) SEC. 2. The articles of this Association shall contain: First. 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 located, and the period for which it is incorporated, not exceeding thirty

years;

Third. The objects for which it is organized, which shall be stated with convenient certainty, and expressly;

Fourth. The number of its Trustees and regular officers, and the time and place of holding its annual meeting;

Fifth. The terms and conditions of membership therein. Trustees to be (1753.) SEC. 3. The affairs of such Corporations shall be managed by not less than five, nor more [than] twenty Trustees, to be chosen by the members thereof, and to hold office for one year, and until their successors be chosen ; and the Officers, and how regular officers thereof, except the Treasurer and Secretary, shall form a part of said Trustees, and the said Treasurer and Secretary shall be chosen from such Trustrees. The officers may be chosen by the Trustees, or by the members of such Corporation, as the articles shall prescribe. The by-laws of such Corporation shall be adopted by the Trustees, who may Quorum of Trus- change them at their pleasure. A majority of the Trustees shall be a quorum to transact business. All of such Trustees Trustees to be shall be citizens of the United States, and residents of the Citizens, etc.

By-Laws

tees.

State of Michigan.

(1754.) SEC. 4. No such Corporation shall have power to

real Estate re

used and in

take or hold any real estate, except such as may be necessary Power to hold for any hospital or asylum under its control, or for the trans- stricted. action of its business, for a longer period than ten years. (1755.) SEC. 5. All the funds received by any such Corpo- How funds to be ration shall be used in the first instance, or shall be invested, vested. and the 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 this State. And no portion of the funds of any such Corporation shall be used or contributed towards the erection, completion, or furnishing of any building not owned or used by such Corporation. Such Corporation. may take, by gift, purchase, or devise, property to an amount not exceeding one hundred thousand dollars; and it shall be Restriction as to lawful to invest the same upon mortgage, or in or by loan, on erty. 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 Corporation: Provided, That any such Corpo- other Restricration may, in its articles of agreement, specify the kinds 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 or agreement, then such funds shall only be invested in such securities as are specified in this act.

amount of Prop

tions.

required by

eral or Legisla

report.

(1756.) SEc. 6. Any Corporation formed under this act Society may be shall, whenever required by the Attorney General or by the Attorney Gen Legislature, report a full statement of all its affairs, under ture to make the oath of at least two of its Trustees; and for any neglect to furnish such report when required, all of the Trustees so neglecting shall be liable to a penalty of fifty dollars each, to Penalty for be recovered by action of debt, in the name of the People of the State of Michigan.

SEC. 7. This act shall take effect immediately.

Neglect

Corporate powers of Company.

How Companie s may be org a n Ized.

An Act to Authorize the Formation of Gas Light Companies.

[Approved February 12, 1855. Took effect May 16, 1855. Laws of 1855, p. 243.]

(1757.) SECTION 1. The People of the State of Michigan enact, All 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 may alter and amend the same at pleasure; may elect by ballot a President and three Directors, at the legal meetings as hereinafter provided, and all other necessary officers; may fix their com pensation and determine their duties, and make from time to time such by-laws (not inconsistent with the laws and Constitution of this State), as a majority of the stockholders may direct, at any regular meeting.

(1758.) SEC. 2. Any number of persons, not less than five, who shall, by articles of agreement in writing, associate accord ing to the provisions of this act, under any name assumed by them for the purpose of engaging in the manufacture and supplying any town, city or village, with gas for lighting the