2006 Michigan Compiled Laws - Mich. Comp. Laws § 472.3 Articles; contents, signing, acknowledgement.

STREET RAILWAY COMPANIES (EXCERPT)
Act 35 of 1867


472.3 Articles; contents, signing, acknowledgement.

Sec. 3.

Such articles of association shall be signed by the persons associating in the first instance, and acknowledged before some officer authorized by the laws of this state to take acknowledgment of deeds, and shall state—

First. The name by which the corporation shall be known in the law.

Second. Definitely and distinctly the purpose for which the corporation is formed.

Third. The amount of their capital stock, and the number of the shares thereof.

Fourth. The names of the stockholders, their respective residences, and the number of shares held by each.

Fifth. The city or village in which the office for the transaction of their business shall be located, and where their business is to be carried on.

Sixth. The term of the existence of the corporation, which shall not exceed 30 years.

Seventh. The number of the directors of the corporation, and the names of those who shall be directors for the first year.


History: 1867, Act 35, Imd. Eff. Mar. 5, 1867 ;-- CL 1871, 2504 ;-- How. 3538 ;-- CL 1897, 6436 ;-- CL 1915, 8534 ;-- CL 1929, 11294 ;-- CL 1948, 472.3



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