456.15 By-laws, rules and regulations.
Sec. 15.
The board of trustees of any corporation organized under this act, shall have the power, by a 2/3 vote of the members elect, to make all needful by-laws, rules, and regulations, not inconsistent with this act, that may be necessary to the proper management of the affairs of such corporation, and may by a like vote amend the same.
History: 1855, Act 87, Imd. Eff. Feb. 12, 1855 ;– CL 1857, 1731 ;– CL 1871, 3388 ;– Am. 1881, Act 39, Imd. Eff. Mar. 18, 1881 ;– How. 4742 ;– CL 1897, 8376 ;– CL 1915, 11136 ;– CL 1929, 10415 ;– CL 1948, 456.15