Section 455.304 – Body Corporate; Powers.
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 […]
Section 455.305 – Corporation; Shares of Stock; Directors, Election, Terms, Powers.
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 […]
Section 455.306 – Membership.
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 […]
Section 455.307 – Corporation; Powers; Condemnation.
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 […]
Section 455.217 – Public Utilities; Corporate Authority.
455.217 Public utilities; corporate authority. Sec. 17. The corporation shall have authority to provide a water system for its members and occupants, a sewage system, fire protection and electric light service. History: 1929, Act 137, Eff. Aug. 28, 1929 ;– CL 1929, 10379 ;– CL 1948, 455.217
Section 455.218 – Lands Owned by Corporation; Annexation to City.
455.218 Lands owned by corporation; annexation to city. Sec. 18. Lands owned by the said corporation and its members may not be annexed to any city or village without the consent of a 2/3 majority of the members of said corporation, at a regular or special meeting. History: 1929, Act 137, Eff. Aug. 28, 1929 […]
Section 455.219 – Members; Dues and Assessments.
455.219 Members; dues and assessments. Sec. 19. (1) The board of trustees may require that the members of a corporation pay annual dues and special assessments for any purpose authorized under this act. All of the following apply to an assessment of annual dues or a special assessment under this subsection: (a) The approval of […]
Section 455.220 – Corporate Term of Existence; Expiration; Cessation of Jurisdiction.
455.220 Corporate term of existence; expiration; cessation of jurisdiction. Sec. 20. When a corporation, organized under this act, shall dissolve or its term of existence expires by limitation, all jurisdiction over streets, alleys and highways shall cease and the said streets, alleys and highways shall thereupon become dedicated to the use of the public, and […]
Section 455.251 – Continuance of Corporate Existence; Term; Resolution; Filing Copy of Resolution With Department of Commerce; Copy of Resolution or Record as Evidence of Passage and Extension of Corporate Life; Franchise Fee.
455.251 Continuance of corporate existence; term; resolution; filing copy of resolution with department of commerce; copy of resolution or record as evidence of passage and extension of corporate life; franchise fee. Sec. 1. It shall be lawful for any summer resort association, whose term is about to expire by limitation, at any time within 8 […]
Section 455.252 – Renewed Corporations; Time, Liabilities, Rights.
455.252 Renewed corporations; time, liabilities, rights. Sec. 2. The renewal term of such corporation shall begin from the expiration of the former term, and the corporation whose term has thus been renewed shall be the same corporation, and own all its property, and be subject to all its liabilities, have the same stockholders and members […]