Mich. Comp. Laws § 457.671
Lutheran Bund; incorporation.
That the Lutheran Bund of the state of Michigan, may be incorporated in pursuance of the provisions of this act.
Michigan Compiled Laws — LUTHERAN BUND (Act 179 of 1897)
Michigan · statute · 179 of 1897, Mich. Comp. Laws · 7 active provisions
Mich. Comp. Laws § 457.672
Incorporators; articles of association, execution, contents.
Any 10 or more persons, residents, of this state, being members of said Lutheran Bund of the state of Michigan, including the president or vice-president, secretary and treasurer of said bund, may make and execute articles of association under their hands and seals, which articles of association shall be acknowledged b…
Mich. Comp. Laws § 457.673
Articles, constitution, by-laws and resolution; filing; body corporate, powers; taxation.
Said articles of association, together with a copy of the constitution and by-laws of said bund and of the resolution of said bund authorizing the incorporation thereof, said copies being duly certified by the president and secretary of said bund, shall be filed with the secretary of state of the state of Michigan. The…
Mich. Comp. Laws § 457.674
Membership; delegates; rules; officers, duties; constitution, by-laws, amendment.
The bund shall have power to receive into membership societies, either incorporated or unincorporated, existing either within or without the state of Michigan, and individuals residing either within or without the state of Michigan; and the bund shall have power to receive into membership individuals who are not affili…
Mich. Comp. Laws § 457.675
Reserve fund; loaning, investment and control.
The bund shall have power to create a reserve fund for the purpose of providing against unforeseen contingencies and calamities, and to loan only to its own members upon real estate security or invest only in bonds issued by the state of Michigan or any political division or municipality thereof, such portions of said…
Mich. Comp. Laws § 457.676
Control of affairs.
The affairs of such corporation shall be controlled by a convention of delegates who shall be appointed or elected by the respective societies forming such corporation in such manner as the constitution and by-laws of such corporation shall provide, and the number of delegates which each society is entitled to send to…
Mich. Comp. Laws § 457.677
Amendment of articles; procedure; evidence of existence.
The articles of association may be amended by the vote of 2/3 of all the delegates present and voting at any convention of delegates; but the amendment shall only become effective when a copy thereof duly certified under the seal of the bund by the president and secretary to be a true copy of the amendment passed by th…