455.301 Parks, playgrounds, drives and boulevards; incorporation, purpose. Sec. 1. Any number of persons, not less than 5, who shall desire to form a corporation for the purpose of acquiring, owning, controlling, maintaining and improving lands for the purposes of parks, playgrounds, drives and boulevards, or any 1 or more such purposes, and holding the […]
455.302 Articles of association; acknowledgment, contents. Sec. 2. Such articles of association shall be signed by the persons associating in the first instance, and be duly acknowledged before some officer authorized by the laws of this state to take acknowledgment of deeds, and shall set forth: (1) The name by which the corporation shall be […]
455.303 Filing articles of association with department of commerce. Sec. 3. The articles of association shall be filed with the corporation and securities bureau of the department of commerce. History: 1911, Act 161, Eff. Aug. 1, 1911 ;– CL 1915, 10132 ;– CL 1929, 10390 ;– CL 1948, 455.303 ;– Am. 1982, Act 105, Imd. […]
455.304 Body corporate; powers. Sec. 4. Upon the recording of such articles of association the persons who have signed and acknowledged the same, their associates and successors, shall thereupon become a body politic and corporate and shall have power: (1) To sue and be sued; (2) To appoint and employ such officers, managers and agents […]
455.305 Corporation; shares of stock; directors, election, terms, powers. Sec. 5. The corporation shall not have any shares of stock or be for pecuniary profit. It shall have not less than 5 directors to be chosen annually from and by the members at the time and place fixed by the by-laws, they to hold office […]
455.306 Membership. Sec. 6. There shall be 2 classes of members, life and annual. Any person may become a life member by paying to the corporation $100.00 or more in cash, or donating property or services of that value, which the corporation is willing to accept. Any person over 18 years of age may become […]
455.307 Corporation; powers; condemnation. Sec. 7. Corporations organized under this act shall have power to govern, manage, control, lay out and improve parks, playgrounds, boulevards and pleasure drives over which their powers and jurisdiction extend, and shall have the right to purchase and by voluntary grants, bequests and donations to receive, take, hold and use […]
455.308 Municipal corporation; transfer of realty, revocation. Sec. 8. Any municipal corporation, by vote of its governing body, may transfer to any such corporation in trust as hereinbefore provided, the management and control of any real property held by it, for the purpose of laying out, maintaining or carrying on parks, playgrounds, boulevards or pleasure […]
455.309 Municipal corporation; aid. Sec. 9. It shall be lawful for any such municipal corporation to appropriate, by a vote of its common council, or other governing body, to any such corporation, moneys for the uses and purposes of such corporation. History: 1911, Act 161, Eff. Aug. 1, 1911 ;– CL 1915, 10138 ;– CL […]
455.310 Lands held in trust; free access, tax exemption. Sec. 10. All lands acquired by any corporation organized under this act or subject to its control and management shall be held in trust as aforesaid for public parks, playgrounds, boulevards and pleasure drives for the recreation, health, welfare and benefit of the public and shall […]
455.311 Trustees; court appointment. Sec. 11. If any corporation organized under this act shall at any time fail, from any cause, to perform the duties of trustee as herein provided, and by reason of such failure injury may result to any of the drives, parks, playgrounds, boulevards or other property held by such corporation as […]
455.312 Vesting of property in municipality. Sec. 12. If any such corporation fail at any time to have members and no trustees ad interim shall have been appointed, then until such time as the disability of such corporation as trustee shall have been removed, the title to the property thus held in trust shall vest […]
455.313 Construction of act. Sec. 13. In all proceedings of suits that may arise or be brought in any of the courts of this state touching or concerning corporations under this act, all other acts or parts of acts inconsistent herewith shall be interpreted and construed in such manner as to give full force and […]
