list of, where filed. missioner of the Banking Department. Every bank shall Stockholders, , file in the office of the county clerk and with said com- Approved March 11, 1913. [No. 11.) five of the Public Acts of eighteen hundred eighty-seven, supervision of such business," being compiler's section the hundred ninety-seven. SECTION 1. The People of the State of Jichigan enact: Section four of act number two hundred five Section , 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; Third, To make contracts; ; Fourth, To sue and be sued in any court of law or equity 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- 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 candidate shall have his name printed upon any official pri- Approved March 11, 1913. Ted en: IN ACT to amend section twenty-three of chapter twenty- 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: . as follows: enforcement of mechanics' liens, suits for the foreclosure upon real estate, where the matter in dispute shall person, his heirs or assigns, holding a mining option Enforcement liens s for candi Any pre clerk one or 3 last t. It Prs to No |
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