Imágenes de páginas
PDF
EPUB

list of, where filed.

missioner of the Banking Department. Every bank shall Stockholders,
at all times keep a correct list of the names of all its stock-
holders, and once in each year, on the second Monday of
April

, file in the office of the county clerk and with said com-
missioner a correct copy of such list.

Approved March 11, 1913.

[No. 11.)
AN ACT to amend section four of act number two hundred

five of the Public Acts of eighteen hundred eighty-seven,
entitled "An act to revise the laws authorizing the business
of banking, and to establish a Banking Department for

supervision of such business," being compiler's section
six thousand ninety-three of the Compiled Laws of eighteen

the

hundred ninety-seven.

SECTION 1.

[ocr errors]

The People of the State of Jichigan enact:

Section four of act number two hundred five Section
"An act to revise the laws authorizing the business of bank
of the Public Acts of eighteen hundred eighty-seven, entitled amended.
ing and to establish a Banking Department for the super.

,
sand ninety-three of the Compiled Laws of eighteen hundred
ninety-seven, is hereby amended to read as follows:

SEC. 4. Upon making and filing the articles of incorpora Corporate porate, and as such shall have power:

First, To adopt and use a corporate seal;
in the articles of incorporation;
Second, To have succession for the period of years named

Third, To make contracts; ;
as fully as natural persons;

Fourth, To sue and be sued in any court of law or equity
Fifth, To elect or appoint directors, who shall choose from

members a president and one or more vice-presidents,

Shall have power to appoint and employ a cashier or treasurer, and other officers, define their duties, dismiss such officers so elected or appointed, or any of them, at pleasure and elect or appoint others to fill their places, and the board of directors shall require every officer and every clerk con cerned in the handling of moneys, accounts and securities of the bank to be bonded either by a surety company authorized to do business in the State of Michigan or by a personal bond

such an amount as shall be determined by the board of

their and

in

Proviso,

directors: Provided, That the bank shall pay for any surety payment for Surety bonds. bonds reguired of its employes.

Sixth, To prescribe by its board of director's by-law's not inconsistent with law, regulating the manner in which its stock shall be transferred, its directors and officers elected or appointed, its stockholders convened for special meetings, its property transferred, its general business conducted and the privileges granted to it by law exercised and enjoyed;

Seventh, To exercise by its board of directors or duly authorized officers or agents, subject to law, all such power as shall be necessary to carry on the business of banking by discounting and negotiating promissory notes, drafts, bills of exchange and other evidences of debts, by receiving deposits, by buying and selling exchange, coin, and bullion, and by loaning money on personal and real security as provided hereinafter; but no such bank shall take or receive more

than the rate of interest allowed by law in advance on its Proviso. loans and discounts: Provided, That this restriction shall

not authorize any transaction for a less sum than fifty cents; and no bank shall transact any business except such as is incidental and necessarily preliminary to its organization until it has been authorized by the Commissioner of the Banking Department to commence the business of banking:

Approved March 11, 1913.

[No. 12.]

AN ACT to amend section ten of act number thirty-five of

the Public Acts of nineteen hundred seven, entitled “An act to provide for the establishment of county schools of agriculture, manual training and domestic economy," approved April three, nineteen hundred seven, as last amended by act number twenty-nine of the Public Acts of nineteen hundred eleven, relative to the number of schools entitled to State aid.

Section amended.

The People of the State of Michigan enact: SECTION 1. Section ten of act number thirty-five of the Public Acts of nineteen hundred seven, entitled "An act to provide for the establishment of county schools of agriculture, manual training and domestic economy," approved April three, nineteen hundred seven, as last amended by act number twenty-nine of the Public sets of nineteen hundred eleven, is hereby amended to read as follows:

Sec. 10. Any school established under the provisions of schools, when this act, whose course of study and the qualifications of paced upons

approved list. whose teachers have been approved by the Superintendent of Public Instruction and the president of the Michigan State Agricultural College, and which shall have expended at least twenty thousand dollars in buildings and equipment, and shall have acquired title to at least eighty acres of land to be used in connection with said school, may, upon application, be placed upon the approved list of county schools of agriculture, manual training and domestic economy. A school once entered upon said list may remain listed and be entitled to State aid so long as the scope and character of its work are maintained in such manner as to meet the approval of the Superintendent of Public Instruction. On the annual report. first day in July of each year the secretary of each county school board maintaining a school on the approved list shall report to the Superintendent of Public Instruction, setting forth the facts relative to the cost of maintaining the school

, the character of the work done, the number and names of to the support of such school, the amount so contributed by the county school board or the said superintendent. each county and such other matters as may be required by

Upon has been maintained in a satisfactory manner for a period of the receipt of such report, if it shall appear that the school pot less than eight months during the year, closing on the thirtieth day of the preceding June, the said superintendent shall make a certificate to that effect and file it with the Auditor General. Upon receiving such certificate, the Auditor Amount General shall draw his warrant payable to the treasurer of the county maintaining such school for a sum equal to twothirds the amount actually expended for maintaining such

during the year: Provided, That the total sum so Proviso. apportioned shall not exceed four thousand dollars to any

School in any one year: Provided further, That any further itants of the State on such terms as may be provided by said

School receiving State aid shall be free to the inhab. proviso, board and the Superintendent of Public Instruction. When more than one county has contributed to the support of the school, the Auditor General shall draw his warrant payable aid as the amount contributed by his county is part of the to the treasurer of each county for such portion of the State

by all the of the school for the preceding year. The Auditor General Tax clause.

annually, beginning in the year nineteen hundred thir-
include and apportion in the State tax such sum

drawn.

school

one such

total

shall teen

as

shall have been so paid.

'Droved March 11, 1913.

[No. 13.]

AN ACT to amend section twenty of act number two hun.

dred eighty-one of the Public Acts of nineteen hundred nine, entitled "An act relative to the nomination of party candidates for public office and delegates to political conventions, to regulate primary elections and to prescribe penalties for violations of its provisions, and to provide for the printing upon election ballots of the names of the candidates nominated under the terms of this act, and to repeal act number four of the Public Acts of the Extra Session of the year nineteen hundred seven, and all local primary election acts contravening the provisions of this act, except as in this act otherwise provided,” approved June two, nineteen hundred nine, as amended by act two hundred seventy-nine of the Public Acts of nineteen hundred eleven; relative to furnishing candidates with proof copies of primary election ballots.

The People of the State of Michigan enact: Section

SECTION 1. Section twenty of act number two hundred amended.

eighty-one of the Public Acts of nineteen hundred nine, entitled “An act relative to the nomination of party candidates for public office and delegates to political conventions, to regulate primary elections and to prescribe the penalties for violations of its provisions, and to provide for the printing upon election ballots of the names of candidates nominated under the terms of this act, and to repeal act number four of the Public Acts of the Extra Session of the year nineteen hundred seven, and all local primary election acts contravening the provisions of this act, except as in this act otherwise provided," approved June two, nineteen hundred nine, as amended by act two hundred seventy-nine of the Public Acts of nineteen hundred eleven, is hereby amended

to read as follows: Names printed

SEC. 20. The said ballots so prepared by the board of election commissioners in each county shall include the names of all candidates for the particular political party for the office of Governor, Lieutenant Governor and United States Senator, and shall include the names of all candidates for

district offices, and in each county the names of all candiProof copies dates for county offices. Proof copies of the ballots so pre candidate.

pared shall be placed on file in the office of the county clerk, at least ten days prior to each primary election, and one proof copy of such ballot shall be sent by registered mail with return receipt demanded to each candidate at his last known address whose name appears upon such ballot. It shall be the duty of the board of election commissioners to correct such errors as may be called to their attention. No

on ballots.

sent each

[ocr errors][merged small]

candidate shall have his name printed upon any official pri-
mary election ballot of any political party in any voting
precinct in this State, unless he shall file nomination peti-
tions according to the provisions of this act and all other
requirements of this act have been complied with in his be.
half. The said ballots shall also contain as many lines as Delegates.
there are delegates to be elected to the county convention
by the particular political party. Such lines, upon which
may be placed the names of proposed delegates to the county
convention, shall be printed under the title "Delegates to
county conventions" and no ballot for a delegate to a county
convention of any political party shall be counted unless
prepared and voted under authority of this act.

Approved March 11, 1913.

[merged small][merged small][merged small][ocr errors]
[ocr errors][merged small]

Ted

en:

IN ACT to amend section twenty-three of chapter twenty-
nine of the Revised Statutes of eighteen hundred forty-
six, entitled “Jurisdiction, powers and procedure of circuit
courts in chancery,” being section four hundred thirty-
five of the Compiled Laws of eighteen hundred ninety-

seven,

adi ons, dal

the ates act the tion this hun

ve of

nded

read

elec ames

the

T the

States

The People of the State of Michigan enact:
SECTION 1. Section twenty-three of chapter twenty-nine Section

.
"Jurisdiction, powers and procedure of circuit courts in chan-
rery," being section four hundred thirty-five of the Compiled
Laws of eighteen hundred ninety-seven, is hereby amended to

as follows:
Sec. 23. Such courts shall dismiss every suit concerning What suits to
property, excepting suits between co-partners, and suits for be dismissed.

enforcement of mechanics' liens, suits for the foreclosure
of mechanics liens, and suits for the foreclosure of mort-
gages, and suits for the foreclosure of land contracts or other

upon real estate, where the matter in dispute shall
not exceed one hundred dollars with costs to the defendant.

person, his heirs or assigns, holding a mining option Enforcement
of agreement for a mining lease or license, containing the in'chancery! .
vial clause found in mining leases or licenses, allowing
lessees to terminate such leases or licenses, on notice, shall
have an absolute right to have such options or agreements
specifically enforced in chancery, if not in default in his part
of the agreement himself. Any person, his heirs or assigns, Idem.
holding an agreement for an interest in any such lease or
license from the lessee, shall have an absolute right to have

liens

s for candi

Any

pre clerk

one

or

mail

3 last

t. It

Prs to

No

« AnteriorContinuar »