Michigan · statute · 188 of 1857, Mich. Comp. Laws · 11 active provisions
That associations may be formed and incorporated for the purposes of promoting the mechanic arts in this state, for the relief of distressed mechanics whether members of any such association or otherwise and for such other charitable purposes as may be deemed proper by such association connected with the mechanical and…
That any 6 or more persons residents of this state desirous to become incorporated for the above named objects may execute under their hands and acknowledge before some officer of this state having authority to take the acknowledgment of deeds articles of agreement as hereinafter specified a copy whereof verified by th…
Such articles of association shall contain, First, The names of the persons associating in the first instance and their places of residence, Second, The name of such corporation and the place where its office for the transaction of business is established, and the period for which it is incorporated, not exceeding 30 y…
Every association formed under this act shall have all the rights, powers and privileges granted by, and shall be subject to all the provisions of chapter number 55, in title number 10 of the Revised Statutes so far as the same are not repugnant to the constitution or to this act.
The affairs of such association shall be managed by not less than 5, nor more than 9 trustees to be chosen by the members thereof and to hold office for 1 year and until their successors shall be chosen; a treasurer shall be appointed from the number of trustees, and the other regular officers shall be members of the a…
No association shall hold any real estate hereafter acquired, for a longer period than 10 years, except such real estate as shall be actually occupied by it in the exercise of its franchises.
The funds received by such association shall be used in the first instance, or shall be invested, and the income thereof used, after paying necessary expenses, exclusively for the purposes, or some of them, mentioned in the articles of association. (This provision, however, shall not be construed to prevent any associa…
Any such association whenever required by the attorney general or the legislature shall report to him or them under the oath of at least 2 of its trustees a full and true statement of its condition and affairs; and for any willful neglect to make such report within a reasonable time after the same is so required the as…
Any association or society now incorporated for any of the above purposes or hereafter to become incorporated under this act may become consolidated with any one created by virtue of this act into a single corporation which may be done by the vote or resolution of a majority of the members, of each at a meeting called…
Such agreement shall contain: First, The terms and conditions of such consolidation and the disposition of the corporate property of each. Second, The name of the association thereby formed, the place where its office for the transaction of business is established, and the period for which it is incorporated, not excee…
All societies or associations organized as aforesaid, shall have the right to keep and maintain libraries and make all needful by-laws for the good government and regulation of the same.