Section 456.102 - Articles; signing, acknowledgment, contents. - Michigan Statutes

RURAL CEMETERY CORPORATIONS (EXCERPT)
Act 12 of 1869

456.102 Articles; signing, acknowledgment, contents.

Sec. 2.

The articles of agreement of every such association shall be signed by the persons associating in the first instance, and acknowledged before some person authorized by the laws of this state, to take the acknowledgment of deeds, and shall state—

1st The amount of land which it is proposed to purchase for such cemetery, and the town and county in which it is situated.—

2nd The amount of capital which it is estimated will be required to make such purchase, and to fence and improve the grounds, and the number of shares into which the same shall be divided.—

3rd The name by which such corporation shall be known.—

4th The number of persons who shall constitute the board of directors, being not less than 5 nor more than 13.—

5th The names of those who shall constitute the first board of directors, and the name of the first treasurer.—

6th The names of the subscribers to the articles of association, and the number of shares subscribed by each, towards the required capital.—

7th The term of duration of such corporation, which shall not exceed 30 years.

History: 1869, Act 12, Imd. Eff. Feb. 19, 1869 ;-- CL 1871, 3409 ;-- How. 4764 ;-- CL 1897, 8400 ;-- CL 1915, 11161 ;-- CL 1929, 10441 ;-- CL 1948, 456.102