Proviso, school electors. district shall have the right, by presenting the trustees with Section amended. Term of office, bond, etc. [No. 59.] AN ACT to amend section thirty-five of chapter fourteen of the revised statutes of eighteen hundred forty-six, entitled "Of the county treasurer," being section two thousand three hundred sixty-one of the compiled laws of nineteen hundred fifteen. The People of the State of Michigan enact: SECTION 1. Section thirty-five of chapter fourteen of the revised statutes of eighteen hundred forty-six, entitled "Of the county treasurer," being section two thousand three hundred sixty-one of the compiled laws of nineteen hundred fifteen, is hereby amended to read as follows: SEC. 35. The county treasurer shall be elected at the general election for the term of two years. He shall give a bond for the faithful and proper discharge of the duties of his office as hereinafter directed. Approved April 20, 1923. Public market. [No. 60.] AN ACT to authorize the board of supervisors of any county of this state to establish and operate a public market. The People of the State of Michigan enact: SECTION 1. In any county where there is not a public market the board of supervisors of such county is hereby authorized to construct and equip, or purchase and equip a building or buildings to be used as a public market, and to purchase a site within the county for such purpose. SEC. 2. For the purpose above mentioned the board of Sum may supervisors may expend such sums of money as may be expend. necessary, not exceeding one mill on each dollar of the assessed valuation of the county, and may borrow such sum or sums on the faith and credit of the county and issue bonds therefor. SEC. 3. When a public market has been established in any Control of. county under this act the board of supervisors shall have control thereof and may make regulations for the use and operation of such market, and may appoint a market master Market masand such other employes as they may deem necessary, whose salary shall be paid from the general fund. ter, etc. SEC. 4. This act shall not take effect until it has been Referendum. approved by a majority vote of the electors of said county voting therefor at a general or special election called for that purpose. This act is ordered to take immediate effect. [No. 61.] AN ACT to amend the title and section one of act number two hundred forty-seven of the public acts of nineteen hundred nineteen, entitled "An act to permit the taking of cisco by the use of gill nets in the waters of certain lakes in Cass county, and providing for the licensing and regulation of such fishing by the state game, fish and forestry warden," as amended by act number thirty-three of the public acts of nineteen hundred twenty-one. The People of the State of Michigan enact: section SECTION 1. The title and section one of act number two Title and hundred forty-seven of the public acts of nineteen hundred amended. nineteen, entitled "An act to permit the taking of cisco by the use of gill nets in the waters of certain lakes in Cass county, and providing for the licensing and regulation of such fishing by the state game, fish and forestry warden," as amended by act number thirty-three of the public acts of nineteen hundred twenty-one, are hereby amended to read as follows: TITLE. An Act to permit the taking of cisco by the use of gill nets in the waters of certain lakes in Cass and Barry counties, and providing for the licensing and regulation of such fishing by the state game, fish and forestry warden. Open season. Proviso, size of gill net. Further proviso, where set. SEC. 1. Hereafter it shall be lawful from the fifteenth day of November to the tenth day of December, inclusive, of each year, to take cisco in any of the waters of Harwood, Weatherbee, and Lime lakes in Newberg township; Lewis lake in Penn and Newberg townships; Birch, Shavehead, Baldwin, Wood, Little Wood, and Long lakes in Porter township; Bunker lake in Volinia township; Donnell and Curtis lakes in Penn township; Chain, Round, Long, Tharps, Day and Curtis lakes in Calvin township, all in Cass county; Fish lake and Lime lake in Orangeville township, Barry county, by means of gill nets: Provided, however, That no such gill net shall exceed ten rods in length nor be of a mesh less than two and one-half inches, nor more than four and one-quarter inches, extension measure, nor shall any person use or have in his possession at any time more than one of such nets: Provided further, That no such net shall be floated from the surface of the water or set except between the time of sunset of one day to sunrise of the following morning, nor in water exceeding fifteen feet in depth. Approved April 20, 1923. Section amended. Nets, etc., unlawful to use in certain waters. [No. 62.] AN ACT to amend section one of act two hundred seventynine of the public acts of nineteen hundred twenty-one, entitled "An act to define the limits of Duncan bay, Lake Huron, and to prohibit the taking or catching of fish with any kind of a net, set hook line or other device except with the hook and line within such limits." The People of the State of Michigan enact: SECTION 1. Section one of act two hundred seventy-nine of the public acts of nineteen hundred twenty-one, entitled "An act to define the limits of Duncan bay, Lake Huron, and to prohibit the taking or catching of fish with any kind of a net, set hook line or other device except with the hook and line within such limits," is hereby amended to read as follows: SEC. 1. It shall be unlawful for any person to make use of any kind of a net, set hook line or other device for the purpose of taking or catching fish in the waters of Duncan bay, Lake Huron, which within the meaning of this act shall be defined as all those waters of said Duncan bay, Lake Huron, lying south of a line drawn west from Cheboygan Point lighthouse on Lighthouse Point to a point where the easterly boundary line of Beaugrand township meets the westerly boundary line of the corporate limits of the city of Cheboygan extended due north would intersect the waters of hook and line. Lake Huron : Provided, however, That it shall be lawful to Proviso, [No. 63.] AN ACT to amend section three, subdivision two, chapter two, part three of act number two hundred fifty-six of the public acts of nineteen hundred seventeen, entitled "An act to revise, consolidate and classify the laws of the state of Michigan relating to the insurance and surety business; to regulate the incorporation of domestic insurance and surety companies and associations and the admission of foreign companies; and to provide for the departmental supervision and regulation of the insurance and surety business within this state," approved May ten, nineteen hundred seventeen. The People of the State of Michigan enact: amended. SECTION 1. Section three, subdivision two, chapter two, Section part three of act number two hundred fifty-six of the public acts of nineteen hundred seventeen, entitled "An act to revise, consolidate and classify the laws of the state of Michigan relating to the insurance and surety business; to regulate the incorporation of domestic insurance and surety companies and associations and the admission of foreign companies; and to provide for the departmental supervision and regulation of the insurance and surety business within this state," approved May ten, nineteen hundred seventeen, is hereby amended to read as follows: payable in SEC. 3. No policy of life insurance shall be issued in this Provisions state, unless the same shall contain the following provisions: policy. required in First, A provision that all premiums shall be payable in Premiums advance, either at the home office of the company or to an advance. agent of the company, upon delivery of a receipt signed by one or more of the officers who shall be named in the policy; Second, A provision for a grace of one month for the pay- Grace. ment of every premium after the first year, which may be subject to an interest charge, during which month the insurance shall continue in force, which provision may contain a stipulation that if the insured shall die during the month of grace the over due premium will be deducted in any settlement under the policy; contract. Third, A provision that the policy, together with the appli- Entire cation therefor, a copy of which application shall be endorsed upon or attached to the policy and made a part thereof, shall constitute the entire contract between the parties and shall Statements deemed representations. Understate be incontestable after it shall have been in force during the life time of the insured for two years from its date, except for non-payment of premiums and except for violations of the policy relating to naval and military services in time of war, and at the option of the company provisions relative to benefits in the event of total and permanent disability and provisions which grant additional insurance specifically against death by accident may also be excepted; Fourth, A provision that all statements made by the insured, shall, in the absence of fraud, be deemed representations and not warranties, and that no such statement shall avoid the policy unless it is contained in a written application and a copy of such application shall be endorsed upon or at tached to the policy when issued; Fifth, A provision that if the age of the insured has been ment of age. understated, the amount payable under the policy shall be such as the premium would have purchased at the correct age; Participate in surplus. Loans. Sixth, A provision that the policy shall participate in the surplus of the company, and that, beginning not later than the end of the fifth policy year, the company will determine and account for the portion of the divisible surplus accruing on the policy, and that the owner of the policy shall have the right to have the current dividend arising from such participation paid in cash, and that at periods of not more than five years such accounting and payment at the option of the policy-holder shall be had. This provision shall not be required in non-participating policies; Seventh, A provision that after three full year premiums have been paid, the company at any time, while the policy is in force, will advance, on proper assignment of the policy and on the sole security thereof, at a specified rate of interest, a sum equal to, or at the option of the owner of the policy, less than the reserve at the end of the current policy year on the policy and on any dividend additions thereto, specifying the mortality table and rate of interest adopted for computing such reserve, less a sum not more than two and one half per centum of the amount insured by the policy and of any dividend additions thereto; and that the company will deduct from such loan value any existing indebtedness on the policy and any unpaid balance of the premium for the current policy year, and may collect interest in advance on the loan to the end of the current policy year; which provision may further provide that such loan may be deferred for not exceeding six months after the application therefor is made. It shall be further stipulated in the policy that failure to pay any such advance or to pay interest shall not void the policy unless the total indebtedness thereon to the company shall equal or exceed such loan value at the time of such failure ror until one month after notice shall have been mailed by the company to the last known address of the insured and of the assignee if any. No condition other than as herein |