against the Directors or other officers of any such corporation. SEC. 25. Whenever any such judgment shall be rendered, any court having equity jurisdiction shall have the same powers to restrain the corporation against which it is rendered: to appoint a receiver of its property and effects; and to take an account and make distribution thereof among its creditors, as in case of the voluntary dissolution of a corporation; and it shall be the duty of the Attorney General, immediately after the rendering of any such judgment, to institute proceedings for that purpose in said court. SEC. 26. Whenever any such judgment shall be rendered against a corporation, a copy of the record of such judgment shall be forthwith filed in the office of the Secretary of State; and such Secretary shall forthwith cause notice of the substance and effect of such recovery to be published for four successive weeks in some newspaper printed at the seat of government, and in a newspaper printed in the county where the principal office or place of business of such corporation shall be, if a newspaper be there printed. SEC. 27. Whenever, by the provisions of law, any property, real or personal, shall be forfeited to the people of this State, or to any officers, for their use, an information for the recovery of such property, alleging the grounds of such forfeiture, may be filed by the Attorney General in the Circuit Court; upon which the like proceedings and judgment shall be had, if the information be to recover personal property, as in actions of trover, and if to recover real property, as in actions of ejectment. GENERAL ENABLING ACT. AN ACT to enable any township, city, or village to pledge its aid, by loan or donation, to any railroad company now chartered or organized, or that may hereafter be organized, under and by virtue of the laws of the State of Michigan, in the construction of its road. ies authorized to aid, by loan or donation. cent. to determine. SECTION 1. The people of the State of Michigan Townships and eitenact, That it shall be lawful for any township or city to pledge its aid to any railroad company now chartered, organized, or that may hereafter be organized, under and by virtue of the laws of the State of Michigan, in the construction of its road, by loan or donation, with or Limited to ten per without conditions, for such sum or sums, not exceeding ten per centum of the assessed valuation then last made, of the real and personal property in such township or city, as a majority of the electors of such township or Majority of electors city voting, shall, at a meeting or meetings called for that purpose, determine: Provided, That the total amount of Proviso. outstanding indebtedness, exclusive of interest thereon, of any such township or city, incurred for any and all railroads, shall not exceed ten per cent. of the assessed valuation of the same at any one time: Provided, That Ibid. the amount, exclusive of interest thereon, which shall become due or collectable in any one year, shall not exceed two per centum of the assessed valuation of such township or city, at the time of issuing the same: And provided further, That the total amount which the city Detroit not to of Detroit may raise for such purposes shall not exceed five per cent. five per centum of the assessed valuation of the real and personal property of said city. raise exceeding Supervisor shall call meeting on re paying electors. tice to be given. P.oviso. Ibid. SEC. 2. It shall be the duty of the supervisor of any quest of thirty tax township, and the mayor of any city, to call a meeting or meetings of the electors of their respective townships or city whenever a request in writing to do so shall be made by thirty tax-paying electors of such township or Twenty days' no- city, and to give public notice thereof, at least twenty days previous to holding such meeting, by posting the same in not less than five of the most public places in such township or city, and by the advertisement of the same in some newspaper published in the county wherein such township or city shall be: Provided, In the case of cities or townships in which a daily or weekly newspaper shall be published, such publication shall be made in such newspaper, at least once in each week for three successive weeks next previous to the holding of such meeting: And provided, In the case of the city of Detroit, such notice shall be published in at least three daily newspapers for ten consecutive days previous to the holding of such meeting. Such request and notice shall specify the amount of aid, the conditions, rate of interest, the time of payment and manner of executing the bonds, and other particulars in regard to such aid not otherwise provided herein: And provided further, That no township or city shall, under the provisions of this act, hold more than two meetings in any one year, unless a majority of the tax-paying electors of such city or township shall sign such request in writing therefor. SEC. 3. At such meeting or meetings the township, city, or ward inspectors of elections shall act as inspectors of election. The electors shall vote by ballot, (such ballot to contain the words "aid to railroad-yes," or "aid to railroad-no," as the case may be) and shall be subject to challenge as at other township or city elections; and the proceedings at such meetings to be held under the provisions of this act, shall, in case of townships, be governed, so far as they may be applicable, by Ibid. Inspectors of elec tion; manner of voting. ings. the general laws of this State relating to township elections, and in the case of cities, by the laws regulating their respective municipal elections; and illegal and 'fraudulent voting shall be punishable in the same manner and to the same extent as at other township or city elections. A copy of the request, and also of the Record of proceednotice required by the provisions of section two of this act, shall be entered at large upon the records of the township or city, together with a statement of the result, and other essential particulars; and a certified copy of Effect of copy of such record shall be in all courts and places, prima facie evidence of the facts therein set forth. record. bonds. bonds. SEC. 4. Any township or city that may avail itself of Issue of coupon. the benefits of this act by voting aid to any railroad company, as provided herein, shall, within sixty days after the question of aid is determined by a vote of the electors of such township or city, as provided in section three of this act, issue its coupon bonds for the amount so determined to be granted, which bonds shall be in Pencmination of sums of not less than one hundred dollars each, and not more than one thousand dollars each, and shall be pay- Maturity. able at any time as determined upon by the electors of such township or city, not exceeding twenty years from the date there. Such bonds shall bear interest at a Interest. rate of not exceeding ten per cent. per annum, and shall have attached thereto the necessary and usual interest coupons, corresponding in dates and numbers with the bonds to which they are attached, which shall be signed by written signatures by the same person or persons executing such bonds. Such bonds shall, if issued by a By whom executcity, be executed by the mayor and clerk or recorder thereof, as the case may be, under the seal of said city, and if issued by a township, they shall be executed by the supervisor and clerk thereof, and if any city or township issuing such bonds shall have a seal, the same shall be impressed upon each of such bonds. The bonds, and ed. Where payable. Coupons attached thereto, shall be payable at the office of the treasurer of the county in which such township or city may be situate. Deposited with State Treasurer shall record. Safe keeping of bonds, and how disposed of. SEC 5. Whenever any such bonds as provided by the provisions of this act shall have been issued as therein specified, the same shall be delivered by the person, persons or officers having charge of the same, to the Treasurer of this State, who shall give a receipt therefor, and hold the same as trustee for the municipality issuing the same, and for the railroad company for which they were issued, and to be disposed of by said treasurer in discharge of his trust as hereinafter provided. SEC. 6. Upon receipt of any such bonds from any township or city, in aid of any such railroad company, the Treasurer of this State shall immediately register or record the same in a book or books to be kept by him for that purpose, in his office, which record shall Contents of record. Show the amount, date, and number of each bond, the rate of interest which it bears, by what township or city issued, to the benefit of what railroad company the same are issued, and the time when payable, which record shall be always open for the inspection of any citizen of this State, or other interested person. Such bonds shall be safely kept by said Treasurer, for the benefit of the parties interested, and be disposed of by him in the following manner: That is to say, whenever any railroad company, in aid of which any of such bonds may have. been issued, shall present to said Treasurer a certificate from the Governor of this State that such railroad company has in all respects complied with the provisions of this act, and is thereby entitled to any of such bonds, the same, or such of said bonds as said company shall be entitled to receive, shall be delivered to said company, the Treasurer first cutting therefrom, canceling, and returning to the municipality, the past due coupons. The |