Effect of Diploma.

in such manner as they shall deem most conducive to the educational interests of such Corporation;

6. To direct and prescribe the course of study and discipline to be observed in the College, Seminary, or Academy : Provided, That no religious test whatever shall be required of any pupil in such institution;

7. To appoint a President, Professors, Tutors, and such other officers and agents as they may deem necessary, who shall hold their offices during the pleasure of the Trustees:

8. To grant such literary honors as are usually granted by any such College, or similar institutions in the United States, and in testimony thereof to give suitable diplomas, under their seal, and the signatures of such officers of the institution as they may deem expedient: Provided, That the course of study pursued in such College be, in all respects as thorough and comprehensive as is usually pursued in similar institutions in the United States;

9. To ascertain and fix the salaries of the President, Professors, and other officers and agents;

10. And to make all ordinances and by-laws necessary and proper to carry into effect the foregoing powers.

(1773.) SEC. 4. Every diploma granted by such Trustees, shall entitle the possessor to all the immunities which, by usage or statute, are allowed to possessors of similar diplomas granted by any similar institution in the United States. Additional (1774.) SEC. 5. The Trustees of any Academy incorporated tees of Academy under the provisions of this act, besides the general powers under this act. and privileges of a Corporation, shall have power:

powers of Trus

Incorporated

Corporation sub

1. To take and hold, by gift, grant, subscription, bequest, or devise, any property, personal or real, the annual income or revenue of which shall not exceed four thousand dollars; 2. To sell, mortgage, let, or otherwise use and dispose of such property for the benefit of such Academy;

3. To direct and prescribe the course of study and discipline in such Academy;

4. To appoint a Treasurer, Clerk, Principal, and such other officers and agents as they shall deem necessary, who shall hold their offices during the pleasure of the Trustees;

5. To ascertain and fix the salaries of all the officers of the Academy;

6. To make all ordinances and by-laws necessary to carry into effect the foregoing powers.

(1775.) SEC. 6. Any institution incorporated under the

and Examination.

provisions of this act, shall be always subject to the visitation ject to Visitation and examination of the Superintendent of Public Instruction, and also to a board of visitors [three in number], to be annually appointed by said Superintendent; and said visitors shall report to said Superintendent as soon after an examination as practicable.

applied.

(1776.) SEC. 7. The Trustees of any institution incorporated Funds, how to be under the provisions of this act, shall apply all funds and property belonging thereto, according to their best judgment, to the promotion of its objects and interests: Provided, That any gift, bequest or donation to such institution for any specific object, shall be faithfully applied to the object specified by such donor.

required to give

Superin

Instruction.

(1777.) SEC. 8. The Trustees of any institution incorporated officers may be under the provisions of this act, may require the Treasurer, Bond, etc. and all other officers and agents, before entering upon the duties of their respective offices, to give bonds and securities in such sums as they may deem proper and sufficient. (1778.) SEC. 9. Such Trustees shall be required, on or before Trustees to rethe first day of December, annually, to report to the Superintendent of Public tendent of Public Instruction, a statement of the name of each Trustee, officer, Teacher and student of such institution, with a statement of its property, the amount of stock subscribed, donated and bequeathed, and the amount actually paid in, and such other information as will tend to exhibit its condition and operations. And said Trustees shall be severally and Liability of Trus jointly liable for all the labor performed for the Corporation; ⚫ performed. but no execution shall issue against any Trustee, till an Sec. 7. execution against the Corporation shall have been returned unsatisfied, in whole or in part; and no such Trustee shall be thus liable, unless suit for the collection of such debt shall have been brought against said Corporation within one year after such debt shall have become due.

tees for labor

Const. Art. 15,

Process to be

ration.

(1779.) SEC. 10. Service of legal process on any such Corpo-How Service of ration, may be made on any one of the Trustees thereof, if such made on CorpoTrustee be in the county in which the institution is located; but if not, then by leaving a copy of such process with any officer in the employ thereof, at its principal place of business.

tions may become

under this Act.

(1780.) SEC. 11. Any institution of learning now in existence Existing Institu in this State, whether incorporated or not, shall be entitled to Incorporated all the benefits of this act, by complying with the provisions. of this act; and may, by a vote of the majority of such Corporation or unincorporated Company or association, to be taken

and Liabilities of

tion.

according to the act of incorporation, by-laws, or other legal regulations thereof, determine to avail itself of the provisions of this act, and to take and assume corporate name and powers thereunder, and may, by a like vote, transfer to such CorpoRights, Powers ration, formed under this act, all its property, both real, persona such New Corpo- and mixed; and thereupon said Corporation, to which such property is so transferred, shall take the same in the same manner, to the same extent, and with the like effect as the same was previously owned and held by the Corporation, Company, or association so transferring the same, and may, in its own corporate name, sue for and collect all debts, dues, demands, subscriptions, devises, and bequests thereof. The said Corporation so taking such property as aforesaid, shall take the came subject to all liens, trusts, and limitations, both legal and equitable, to which the same was subject before such transfer, and shall also be liable for all the debts and obligations of such previous Corporation, Company or association, and shall pay the same to the full extent of the value of such property at the time of so taking the same.

(1781.) SEC. 12. Nothing in this act shall be construed as granting banking powers, or as allowing the business of brokerage, or any other powers not usually granted to, or exercised by institutions for educational purposes. This act shall take effect immediately.

Meeting of Pro

(1782.) SECTION 1. Any seven or more proprietors of a

Corporations,

Library may form themselves into a Corporation, under such prietors to form corporate name as they may adopt, for the purpose of how called. enlarging, regulating and using such Library; and for that purpose any Justice of the Peace may, on the application of five or more of the proprietors, issue his warrant to one of them, directing him to call a meeting of the proprietors at the time and place expressed in the warrant, for the purpose of forming such Corporation, and such meeting shall be called by posting up a notice containing the substance of such warrant, in at least two public places in the township where such Library is kept, at least seven days before the time of meeting.

choose Officers.

(1783.) SEC. 2. Any seven or more of the proprietors of Proprietors may such Library, met in pursuance of such notice, may choose a President, a Clerk, a Librarian, Collector, Treasurer, and such other officers as they may deem necessary; and they may also determine upon the mode of calling future meetings of the proprietors; and the proceedings of such first meeting, containing a specification of the corporate name adopted by such proprietors, shall be certified by the Clerk of such Corporation, and recorded by the County Clerk of the county within which the same is formed, who shall be entitled to receive seventy-five cents for recording the same.

ileges of Corporation.

(1784.) SEC. 3. When such proprietors shall be organized Powers and priv as a Corporation in the manner hereinbefore provided, they shall have all the powers and privileges, and be subject to all the duties of a Corporation, according to the provisions of Chap. 72. chapter fifty-five, so far as such provisions shall be applicable

in such case, and not inconsistent with the provisions of this

chapter.

or and Treasurer.

Corporation.

(1785.) SEC. 4. The Treasurer and Collector shall give bond Bond of Collectto such Corporation, with sufficient sureties, to the satisfaction of the President, for the faithful discharge of their duties. (1786.) SEC. 5. The said proprietors may raise such sums of Certain powers of money, by assessment on the shares, as they shall judge necessary for the purpose of preserving, enlarging and using the Library; and the shares may be transferred according to such regulations as they may prescribe, and such Corporation may hold real and personal estate to any amount not exceeding five thousand dollars, in addition to the value of their books.

48

Lyceums, how

organized, etc.

OF LYCEUMS.

(1787.) SEC. 6. Any fifteen or more persons, in any township or county within this State, who shall, by writing, associate for the purpose of mental improvement, and the promotion of education, may form themselves into a Corporation by the name of "The Lyceum of

," (the name of the place where the meetings of the Corporation are to be holden), by calling their first meeting and being organized in like manner as is provided in this chapter, in the case of Library Corporations, and every Lyceum, upon becoming a Corporation as aforesaid, shall have, during the pleasure of the Legislature, all the like rights, powers and privileges, as the proprietors of such Libraries, and may hold real and personal estate, not exceeding six thousand dollars.

Association may

An Act to Provide for the Incorporation of Mechanics' Associations.

[Approved February 17, 1857. Laws of 1857, p. 468.]

(1788.) SECTION 1. The People of the State of Michigan enact. be Incorporated. That Associations may be formed and incorporated for the