454.1 Mechanics’ associations; incorporation, purposes. Sec. 1. That associations may be formed and incorporated for the purposes of promoting the mechanic arts in this state, for the relief of distressed mechanics whether members of any such association or otherwise and for such other charitable purposes as may be deemed proper by such association connected with […]
454.10 Mechanics’ association; consolidation agreement, contents, execution, filing, record; debts; creditors. Sec. 10. Such agreement shall contain: First, The terms and conditions of such consolidation and the disposition of the corporate property of each. Second, The name of the association thereby formed, the place where its office for the transaction of business is established, and […]
454.11 Mechanics’ associations; libraries, maintenance and regulation. Sec. 11. All societies or associations organized as aforesaid, shall have the right to keep and maintain libraries and make all needful by-laws for the good government and regulation of the same. History: 1857, Act 188, Imd. Eff. Feb. 17, 1857 ;– CL 1857, 1798 ;– CL 1871, […]
454.2 Incorporation of mechanics’ association; execution and acknowledgment of articles of agreement; filing copy of articles with department of commerce; signers of articles and associates as body politic and corporate. Sec. 2. That any 6 or more persons residents of this state desirous to become incorporated for the above named objects may execute under their […]
454.3 Mechanics’ associations; articles, contents. Sec. 3. Such articles of association shall contain, First, The names of the persons associating in the first instance and their places of residence, Second, The name of such corporation and the place where its office for the transaction of business is established, and the period for which it is […]
454.4 Mechanics’ associations; governing law. Sec. 4. Every association formed under this act shall have all the rights, powers and privileges granted by, and shall be subject to all the provisions of chapter number 55, in title number 10 of the Revised Statutes so far as the same are not repugnant to the constitution or […]
454.5 Mechanics’ associations; trustees, powers, selection, terms, quorum; treasurer; by-laws. Sec. 5. The affairs of such association shall be managed by not less than 5, nor more than 9 trustees to be chosen by the members thereof and to hold office for 1 year and until their successors shall be chosen; a treasurer shall be […]
454.6 Mechanics’ associations; property, limitations. Sec. 6. No association shall hold any real estate hereafter acquired, for a longer period than 10 years, except such real estate as shall be actually occupied by it in the exercise of its franchises. History: 1857, Act 188, Imd. Eff. Feb. 17, 1857 ;– CL 1857, 1793 ;– CL […]
454.7 Mechanics’ associations; funds, use; payment; building erection, cost; gifts, use, investments. Sec. 7. The funds received by such association shall be used in the first instance, or shall be invested, and the income thereof used, after paying necessary expenses, exclusively for the purposes, or some of them, mentioned in the articles of association. (This […]
454.8 Mechanics’ association; annual report, contents; neglect, penalty. Sec. 8. Any such association whenever required by the attorney general or the legislature shall report to him or them under the oath of at least 2 of its trustees a full and true statement of its condition and affairs; and for any willful neglect to make […]
454.9 Consolidation of incorporated associations or societies into single corporation; vote or resolution; filing copy with department of commerce; effect. Sec. 9. Any association or society now incorporated for any of the above purposes or hereafter to become incorporated under this act may become consolidated with any one created by virtue of this act into […]
