Section 455.21 – Stockholders; Map or Plat of Land; Ownership, Sale; Dissolution, Disposition of Lots; Parks and Walks Dedicated to Public Use.
455.21 Stockholders; map or plat of land; ownership, sale; dissolution, disposition of lots; parks and walks dedicated to public use. Sec. 21. Whenever any such corporation shall cause to be platted any part or portion of its lands in the manner prescribed in the foregoing section of this act, it may by its by-laws, provide […]
Section 455.22 – Repeal; Saving Clause; Provisions Governing Act.
455.22 Repeal; saving clause; provisions governing act. Sec. 22. Act No. 151 of the session laws of 1869, entitled “An act to provide for the formation of joint stock companies for the purpose of owning and maintaining skating parks or rinks and parks kept for ornament, recreation and amusement,” approved April fifth, 1869, and Act […]
Section 455.23 – Special Dues; Purpose, Time, Enforcement.
***** 455.23 THIS SECTION IS AMENDED EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2022 REGULAR SESSION SINE DIE: See 455.23.amended ***** 455.23 Special dues; purpose, time, enforcement. Sec. 23. It shall be lawful for the stockholders at a special meeting called for that purpose by a vote of a majority of all the capital stock, […]
Section 455.23.amended – Special Dues; Purpose, Time, Enforcement.
***** 455.23.amended THIS AMENDED SECTION IS EFFECTIVE 91 DAYS AFTER ADJOURNMENT OF THE 2022 REGULAR SESSION SINE DIE ***** 455.23.amended Special dues; purpose, time, enforcement. Sec. 23. (1) The stockholders of the corporation, at a special meeting called for that purpose by a vote of a majority of all the capital stock, may authorize the […]
Section 455.24 – Associate Members; Terms; Stock, Disposition.
455.24 Associate members; terms; stock, disposition. Sec. 24. It shall be lawful for the stockholders of any such corporation, either at the time the articles shall be executed, or at any subsequent period, by a vote of 2/3 of the capital stock, to provide the terms upon which persons may become associate members of the […]
Section 455.18 – Annual Report.
455.18 Annual report. Sec. 18. All corporations formed under the provisions of this act shall annually, between the months of March and the end of the succeeding August, make a report which shall state the amount of the capital stock actually paid in and the amount of money borrowed if any, which report shall be […]
Section 455.20 – Stockholders; Map or Plat of Land; Record; Use as Evidence; Street, Public Places.
455.20 Stockholders; map or plat of land; record; use as evidence; street, public places. Sec. 20. If the by-laws of any such corporation shall provide that the stockholders shall be entitled to select a lot on the lands of said corporation for the purpose of building thereon, it shall be the duty of the directors […]
Section 455.11 – Board of Directors; Officers and Employees, Selection, Removal, Terms.
455.11 Board of directors; officers and employees, selection, removal, terms. Sec. 11. The directors shall choose from their number, by ballot or otherwise, a president, secretary, and treasurer, and the latter 2 offices may be held by the same person, and shall have power to appoint and employ such other subordinate officers, agents, servants or […]
Section 455.12 – By-Laws and Rules; Amendment.
455.12 By-laws and rules; amendment. Sec. 12. The stockholders shall have the power to make such reasonable by-laws not inconsistent with the laws of this state, or of the United States, as they shall deem proper for the management, control and disposition of the property, affairs and concerns of said corporation and may by such […]
Section 455.13 – Books; Inspection; Stock, Transfer.
455.13 Books; inspection; stock, transfer. Sec. 13. It shall be the duty of the directors of any such corporation to cause proper books to be kept by the secretary and treasurer, containing the names of all persons who are stockholders, together with their places of residence, and wherein shall be entered all matters and things […]