for the organization, regulation and classification of domestic corporations; to prescribe their rights, powers, privileges and immunities, to prescribe the conditions upon which corporations may exercise their franchises; to provide for the inclusion of certain existing corporations within the provisions of this act; to prescribe the terms and conditions upon which foreign corporations may be admitted to carry on business within this state; to prescribe penalties for violations of the provisions of this act; and to repeal certain acts and parts of acts relating to corporations," approved April twenty-six, nineteen hundred twenty-one, is hereby amended to read as follows: etc., shares SEC. 8. Subject to the limitations of the laws of this state May hold, and of the United States with respect to monopolies and of other illegal restraints of trade, any corporation organized for corporations. pecuniary profit, or organized on a stock share basis not for pecuniary profit, shall have power, in furtherance of the 'objects of its existence, to purchase and hold shares of stock of other corporations organized under the laws of this or any other state for purposes similar to those of such corporation : Provided, Any co-operative agricultural marketing associa- Proviso. tion or company organized for profit may hold and acquire stock or membership in a co-operative agricultural marketing association not organized for profit. Approved May 10, 1923. [No. 154.] AN ACT to amend chapter one of part three of act number eighty-four of the public acts of nineteen hundred twentyone, entitled "An act to provide for the organization, regulation and classification of domestic corporations; to prescribe their rights, powers, privileges and immunities; to prescribe the conditions upon which corporations may exercise their franchises; to provide for the inclusion of certain existing corporations within the provisions of this act; to prescribe the terms and conditions upon which foreign corporations may be admitted to carry on business within this state; to prescribe penalties for violations of the provisions of this act; and to repeal certain acts and parts of acts relating to corporations," approved April twenty-six, nineteen hundred twenty-one, by adding thereto four new sections to stand as sections thirteen, fourteen, fifteen and sixteen. The People of the State of Michigan enact: added. SECTION 1. Chapter one of part three of act number eighty- Sections -four of the public acts of nineteen hundred twenty-one, Members grouped in local units. By-laws may provide terri entitled "An act to provide for the organization, regulation and classification of domestic corporations; to prescribe their rights, powers, privileges and immunities; to prescribe the conditions upon which corporations may exercise their franchises; to provide for the inclusion of certain existing corporations within the provisions of this act; to prescribe the terms and conditions upon which foreign corporations may be admitted to carry on business within this state; to prescribe penalties for violations of the provisions of this act; and to repeal certain acts and parts of acts relating to corporations" approved April twenty-six, nineteen hundred twenty-one, is hereby amended by adding thereto four new sections to stand as sections thirteen, fourteen, fifteen and sixteen, said added sections to read as follows: SEC. 13. Any association or corporation heretofore or hereafter incorporated under the provisions of section two, chapter one of part one, and chapter one of part three of the act, or which has adopted the provisions of this act on a non-stock membership basis, and which has more than five hundred members occupying a territory or district not less than a geographical county in extent, may, by by-law proposed by the board of directors of such association or corporation. enact that the members of the association or corporation and those who hereafter become members shall be grouped in local units formed upon the basis of territorial area or such other basis as may be determined in said by-law proposed by the board of directors as hereinafter provided, for the purpose of election of delegates or representatives to represent said members of such local units at any annual or special meeting of such association or corporation. SEC. 14. The board of directors of said association or cortorial limits. poration shall have the power in said by-law to provide the territorial limits or other basis from or upon which each local unit and membership therein is drawn or formed; to do all things necessary to insure the representation of said local unit or units at meetings of said association or corporation; and to provide the basis of representation and number of delegates to which said local unit or units are entitled: Provided, That each local unit shall be entitled to at least one delegate and that no delegate or delegates representing such local unit shall have a greater number of votes than the total membership of said local unit. Proviso. Local units may incorporate. tions. SEC. 15. The local units designated by by-laws of the association or corporation may or may not be incorporated under the laws of this state by the members thereof and shall have power to do all things necessary to give effect to the preceding sections and the rules and by-laws adopted hereunder. Membership in SEC. 16. Any association or corporation heretofore or other corpora- hereafter incorporated under the provisions of section two, chapter one, part one, and chapter one of part three of the act or which has adopted the provisions of this act on a non-stock or stock plan, may, subject to the limitations of the laws of this state and of the United States with respect to monopolies and illegal restraints of trade in furtherance of the objects of its existence, purchase and hold membership in any other corporations organized under the laws of this or any other state for purposes similar to those of such association or corporation. When any such association or corporation shall be a member in any other corporation, as in this section provided, its president and other officers or any of its directors shall be eligible to the office of director of such corporation the same as if they were individually members therein, and the association or corporation holding such membership shall possess and exercise in respect thereof all the rights, powers, privileges and liabilities of individual holders of such membership. Approved May 10, 1923. [No. 155.] AN ACT to amend section one of chapter fifty of act number three hundred fourteen of the public acts of nineteen hundred fifteen, "the judicature act of nineteen hundred fif teen," being section thirteen thousand seven hundred thirtysix of the compiled laws of nineteen hundred fifteen, as last amended by act number fourteen of the public acts of nineteen hundred nineteen. The People of the State of Michigan enact: SECTION 1. Section one of chapter fifty of act number Section three hundred fourteen of the public acts of nineteen hun- amended. dred fifteen, "the judicature act of nineteen hundred fifteen," being section thirteen thousand seven hundred thirty-six of the compiled laws of nineteen hundred fifteen, as last amended by act number fourteen of the public acts of nineteen hundred nineteen, is hereby amended to read as follows: error may SEC. 1. Writs of error upon any final judgment or de- Writs of termination, where the judgment exceeds in amount five hun- issue of dred dollars, or where judgment has been rendered upon a course. directed verdict for defendant in cases involving a claim of more than five hundred dollars, may issue, of course, out of the supreme court, in vacation as well as in term, and shall be returnable to the same court; and in all other cases such writ may issue in the discretion of the supreme court or any justice thereof upon proper application: Provided, however, Proviso. That if said case involves a construction of the constitution or of any statute of this state, or any matters of great public importance or involves the contest of a will, such application need only show such fact. Approved May 10, 1923. Section amended. School district body corporate. Proviso. [No. 156.] AN ACT to amend section seven of chapter two of act number one hundred sixty-four of the public acts of eighteen hundred eighty-one, entitled "An act to revise and consolidate the laws relating to public instruction and primary schools, and to repeal all statutes and acts contravening the provisions of this act," being section five thousand six hundred fifty-four of the compiled laws of nineteen hundred fifteen. The People of the State of Michigan enact: SECTION 1. Section seven of chapter two of act number one hundred sixty-four of the public acts of eighteen hundred eighty-one entitled "An act to revise and consolidate the laws relating to public instruction and primary schools, and to repeal all statutes and acts contravening the provisions of this act," being section five thousand six hundred fifty-four of the compiled laws of nineteen hundred fifteen, is hereby amended to read as follows: SEC. 7. Every school district organized in pursuance of shall be designated in the formation thereof by the township Approved May 10, 1923. [No. 157.] AN ACT to amend section four of chapter nine of act number three of the public acts of eighteen hundred ninety-five, entitled "An act to provide for the incorporation of villages within the state of Michigan, and defining the powers and duties," being section two thousand seven hundred twentynine of the compiled laws of nineteen hundred fifteen. amended. The People of the State of Michigan enact: SECTION 1. Section four of chapter nine of act number Section three of the public acts of eighteen hundred ninety-five, entitled "An act to provide for the incorporation of villages within the state of Michigan, and defining the powers and duties," being section two thousand seven hundred twentynine of the compiled laws of nineteen hundred fifteen, is hereby amended to read as follows: cemetery. limit. SEC. 4. The council may for the purpose of purchasing Tax for grounds for a cemetery, raise by general tax a sum not exceeding in any one year, one-fourth of one per cent of the assessed value of the property in the village: Provided, Proviso, That the whole amount which may be so raised for the purchase of grounds for such purpose, shall not at any time exceed five thousand dollars. The council may, for the purpose of maintaining the cemetery, raise by general tax a sum not exceeding in any one year one-tenth of one per cent of the assessed value of the property in the village. Approved May 10, 1923. [No. 158.] AN ACT to promote the safety of the general public by requiring railroad companies to equip their locomotives with automatic bell ringers. The People of the State of Michigan enact: engine to be SECTION 1. That from and after January first, nineteen Automatic hundred twenty-four, it shall be unlawful for any railroad bell ringer, company to operate on its tracks within the state of Michigan equipped with. any engine that is not equipped with an automatically operated bell ringer for ringing the bell on such engine. The automatic bell ringer required by this act may be any appliance so constructed as will cause the bell on such engine to continue to ring after being set in motion by the engineer or fireman. The device for starting or stopping such bell, ringer |