pealed. be altered or re- and thirty-nine, or which shall be hereafter passed, shall, at any time, be subject to amendment, alteration or repeal, at the pleasure of the Legislature: Provided, That no act of incorporation shall be repealed, unless for some violation of its charter 1839, p. 218, Sec. or other default, when such charter shall contain an express provision limiting the duration of the same. 11. Returns to Supervisors. Forfeiture for neglect. Forfeiture for transferring lently. (2163.) SEC. 21. It shall be the duty of the clerk of every Corporation within this State, whose capital stock is or shall be subject to taxation for county or township purposes, and if there be no such clerk, then of the Directors of such Corporation, annually, between the fifteenth day of March and the first day of April, to make returns in person or by mail, to the Supervisor of each township, and the Assessors of each ward or district in any city in this State, in which any shareholder in such Corporation shall reside; which return shall state the name of each owner residing in such township or city, the number of shares belonging to each on the fifteenth day of March of that year, and the par value of such shares. (2164.) SEC. 22. If any clerk or Director mentioned in the preceding section, shall refuse or neglect to make such return, or shall willfully make a false return, he shall forfeit the sum of fifty dollars. (2165.) SEC. 23. If any shareholder shall fraudulently transfer Shares fraudu- any share in either of the Corporations mentioned in the twenty-first section of this chapter, for the purpose of avoiding taxation, he shall forfeit a sum equal to one half the par value of the shares so transferred. Returns to State Examination of (2166.) SEC. 24. The cashier of each Bank and the Secretary or clerk of each incorporated railroad, canal or Turnpike Company, shall, on the first Monday of October in each year, or within fifteen days previous thereto, make a return to the State Treasurer, verified by his oath, stating the amount of capital stock of such bank or railroad, canal or Turnpike Company then actually paid in, and in default thereof, the whole capital stock mentioned in the act of incorporation of such bank or company shall, for the purpose of computing the State tax payable by such bank or company, be deemed to have been paid in. (2167.) SEC. 25. It shall be the duty of the Attorney Corporations. General, whenever, and as often as shall be required by the Governor, to examine into the affairs and condition of any bank or banks, or other Corporations in this State, and report such examination in writing, together with a detailed state ment of facts, to the Governor, who shall lay the same before the Legislature; and for that purpose the said Attorney General shall have power to administer all necessary oaths to the Directors and officers of any such bank or other Corporation, and to examine them on oath in relation to the affairs and condition thereof, and to examine the vaults, books, papers and documents belonging to such bank, or pertaining to its affairs and condition; and the Legislature, or either branch thereof, shall have full power to examine into the affairs and condition of any bank or other Corporation in this State at all times; and for that purpose, any committee appointed by the Legislature, or either branch thereof, shall have full power to administer all necessary oaths to the Directors, officers and stockholders of such bank or other Corporation, and to examine them on oath in relation to the affairs and condition thereof, and to examine the vaults, safes, books, papers and documents belonging to such Corporation, or pertaining to its affairs and condition, and to compel the production of all keys, books, papers and documents, by summary process to be issued on application to any Court of Record, or any Judge thereof, under such rules and regulations as the said Court may prescribe. An Act to Provide for Notice of Application for Alterations and Amendments of the Charters of Corporations. [Approved April 7, 1851. Took effect July 8, 1851. Laws of 1851, p. 153.] tion for alteration Charters; how (2168.) SECTION 1. The People of the State of Michigan enact, Notice of applicaThat after the session of the Legislature for the year eighteen or amendment of hundred and fifty-one, previous notice of any application to given. the Legislature for an alteration of the charter of any Corporation shall be given in the manner hereinafter provided. When the application is made by or on behalf of the Corporation, such notice shall be given and signed by the Mayor, Constitution, Art. President, Cashier, Secretary, or other principal officer, or a majority of the Directors, Aldermen, or Trustees; and when made by or on behalf of one or more individuals, then by the person or persons making the same; and all such notices shall set forth briefly the nature of the alteration applied for. 15, Sec. 16. (2169.) SEC. 2. If the business of such Corporation shall be where Notice to local in its character, and confined to one of the counties of be published. this State, other than those of the Upper Peninsula, such notice shall be published in some weekly newspaper published in such county, or if none in the county, then in one published nearest thereto, for at least four successive weeks; the first publication whereof shall be at least thirty days prior to the making of such application. If the business of such Corporation shall not be local in its character, or if the business authorized by the charter shall be confined chiefly to the Upper Peninsula, then such notice shall be published once in each week for four successive weeks, in some paper published in the City of Detroit; the first publication whereof shall be at least thirty days prior to the making of such application. And if the applicant or applicants shall not be able to get such notice published in such paper as in this section mentioned, after having tendered to the publishers thereof a reasonable compensation therefor, then such notice may be filed in the office of the County Clerk of the county where the principal business office of such Corporation may be located, and a duplicate thereof in the office of the Secretary of State, at least thirty days prior to such application; and such filing shall be deemed a sufficient publication thereof; and proof of the publication or filing of such notice as in this section mentioned, by affidavit of the publisher, or the certificate of the Secretary of State, shall accompany every application in this section mentioned. When application (2170.) SEC. 3. Nothing in this act contained shall prevent without, previous any Corporation, or any individual, from applying to the Legislature for an amendment of any act of incorporation without such notice as above provided, if the amendment applied for be shown to be necessary to provide for any accident, or to remedy any defect which may have occurred within the period herein above required for the giving of such notice, nor shall this act prevent the Legislature. without such notice from amending any charter of a Municipal Corporation in any particular which they may deem necessary for the public interest; and in either of the cases in this section mentioned, one day's previous notice in either House, by a member thereof, shall be deemed sufficient. may be made notice. CHAPTER LXXIX. Of Reports from Incorporated Academies, and other Literary Institutions. CHAPTER LXXX. Of Teachers' Institutes. Superintendent to have general Public Instruc tion. An Act Prescribing the Duties of the Superintendent of Public Instruction, and to Repeal Chapter to Amend said Chapter Fifty Six, approved March twenty-ninth, one [Approved April 4, 1851. Took effect July 8, 1851. Laws of 1851, p. 116.] (2171.) SECTION 1. The People of the State of Michigan enact, supervision of That the Superintendent of Public Instruction shall have general supervision of Public Instruction, and it shall be his duty, Annual Report of. among other things, to prepare annually and transmit a report to the Governor, to be transmitted by him to the Legislature at each biennial session thereof, containing: Report to embody abstracts of Re 1. A statement of the condition of the University, and its branches, of all incorporate Literary Institutions and of the Primary Schools; 2. Estimates and amounts of expenditures of the school money; 3. Plans for the improvement and management of all educational funds, and for the better organization of the educational system, if in his opinion the same be required; 4. The condition of the Normal School; 5. All such other matters relating to his office, and the subject of education generally, as he shall deem expedient to communicate. (2172.) SEC. 2. He shall make all necessary abstracts of the ports of Inspec- reports of School Inspectors, transmitted to him by the clerks, and embody so much of the same in his report as may be tors. To prepare forms, regulations, etc., cers. necessary. (2173.) SEC. 3. He shall prepare and cause to be printed, for School Off with the laws relating to primary schools, all necessary forms, regulations and instruments for conducting all proceedings under said laws, and transmit the same, with such instructions. relative to the organization and government of such schools, and the course of studies to be pursued therein, as he may deem advisable, to the several officers entrusted with their care and management. *Forms, etc., to be printed in (2174.) SEC. 4. School laws, forms, regulations and instrucpamphlet foru. tions shall be printed in pamphlet form, with a proper index, and shall have also annexed thereto a list of such books as the Superintendent shall think best adapted to the use of the primary schools, and a list of books suitable for township libraries, with such rules as he may think proper for the government of such libraries. |