Section 455.202 – Articles of Association; Contents.
455.202 Articles of association; contents. Sec. 2. The persons so associating shall subscribe and verify articles of association stating: First: The corporate name chosen; Second: The names and residences of the persons thus associating; Third: A legal description of the land owned by each of such persons and to be subject to the jurisdiction of […]
Section 455.203 – Execution and Acknowledgment of Articles of Association; Filing Articles With Department of Commerce; Classification of Corporation as Nonprofit.
455.203 Execution and acknowledgment of articles of association; filing articles with department of commerce; classification of corporation as nonprofit. Sec. 3. The execution of such articles of association shall be acknowledged by the persons signing the same before some officer authorized to take the acknowledgment of deeds. Such articles shall thereupon be filed with the […]
Section 455.204 – Corporate Powers and Liabilities; Property Ownership, Limitation.
455.204 Corporate powers and liabilities; property ownership, limitation. Sec. 4. On compliance with the foregoing provisions of this act, the persons so associating, their successors and assigns, shall become and be a body politic and corporate, under the name assumed in their articles of association and shall have and possess all the general powers and […]
Section 455.205 – Property; Sale and Disposition, Proceedings.
455.205 Property; sale and disposition, proceedings. Sec. 5. The trustees of such corporation, when thereunto authorized, by majority vote of the members of such corporation voting thereon at any annual meeting, or any special meeting called expressly for that purpose, by a general by-law, adopted and recorded, may sell, mortgage, give, grant, convey and lease […]
Section 455.103 – Corporate Powers; Articles, Certified Copy as Evidence; Trustees, Powers.
455.103 Corporate powers; articles, certified copy as evidence; trustees, powers. Sec. 3. When a [the] certificate shall have been recorded and filed as aforesaid, the association mentioned therein shall be deemed legally incorporated and shall have and possess the general powers and privileges, and be subject to the liabilities of a corporation. Such association may […]
Section 455.206 – Membership; Eligibility; Corporate Jurisdiction as to Property of Nonmembers; Election.
455.206 Membership; eligibility; corporate jurisdiction as to property of nonmembers; election. Sec. 6. Persons eligible to membership in said corporation, at any and all times, must be freeholders of land in the county of its organization and such land must be contiguous to the resort community in which the corporation is organized: Provided, however, It […]
Section 455.104 – Taking and Holding of Land by Incorporated Association; Purposes; Sale and Conveyance or Lease; Personal Property.
455.104 Taking and holding of land by incorporated association; purposes; sale and conveyance or lease; personal property. Sec. 4. Any association incorporated under this act may take by purchase, devise or gift, and hold within any 1 county, not exceeding 320 acres of land, to be held and possessed by it for the purposes mentioned […]
Section 455.206a – Election and Registration; Notice.
455.206a Election and registration; notice. Sec. 6a. For the foregoing purpose the said board of trustees or board of directors shall cause a notice of such election and notice of registration to be published in 4 succeeding issues of some newspaper printed within the county in which such territory is situated and having circulation within […]
Section 455.105 – Trustees; Election, Vacancy.
455.105 Trustees; election, vacancy. Sec. 5. The annual election of trustees shall be held on the day prescribed in the certificate of incorporation, and at such hour and place as the trustees shall direct, notice of which election shall be given by publication for 4 successive weeks in some paper published in the county in […]
Section 455.206b – Registration Board; Appointment, Duties.
455.206b Registration board; appointment, duties. Sec. 6b. The board of trustees or board of directors shall cause a 3 man board of registration to be appointed who shall establish a set of registration books to be opened and shall register therein all of the qualified voters of such territory who shall apply for registration between […]