Constantine republican. [volume] (Constantine, Mich.) 1836-1838, 1836-09-21
LAWS OF MICHIGAN.
AN ACT to Incorporate Marshall AGA.
denny at White Pigeon.

SEC. l. BE IL enacted by the Senate and House
Of Representatives. Of the State Of Michigan,
That there shall be established at White Pigeon in
the county of st. Joseph an academy for the pur-
pose of educating youth, the style, name and title
whereof shall be and arc hereby declared to be as
hereinafter mentioned and defined, that is to say
the said seven trustees, and George Bowman, Ma
thaniel Bacon, David Clark Neal McGaffey, Pna-
nuel w. Warmer, Melancthon Judson, and Hen
ry Chaplin Jr. sh III be and hereby appointed the
hrst trustees. Tnat the first meeting of the trus-
tees under this act shall be held on the first Mon
day of May next, and shall hold their Office until
their successors are chosen in the manner herein.
after provided.
SEC. 2 That the stock Of funds of the corpora.
ton shall be considered us divided into four nun.
dred shares of fifty dollars each, such as are not
taken up being vested in the propretors and at the
disposal of tine trustees. The stockholders shall
meet on the first Monday of May eighteen hun
drod and thirty-seven, and annually thereafter on
the first Monday of May, and shall elect by bal
lot trustees who snail hold their office one
year and until their SUCCESSORS are chosen, and
each share snail entle its holder to one vote the
stockholders may increase the number of trustees
to fifteen.
SEC. 3. That the shares shall 10 considered as
personal property, and shall be transferable but no
transfer snail be valid unless signed by the trea-
surer and Secretary who before confirming the
transfer OF any share shall first to the
pordtion Whatever may be due thereon.
SEC. A. In case any holder of stock in this
company shall refuse or neglect to pay to the trea-
surer any legal assessment or any Just demand for
tuition or any other object, the treasurer shall
have power under the direction of the trustees al
ter giving ten days notice in writing in public
place in White pgeon, to sell at auction the share
or shares OF such delinquent, and after satisfying
the claims OF the company and reasonable charges
shall on application of the holder or his attorney
pay over any surplus which may remain from the
proceeds of the stock sold under this provision.
SEC. 5. That it shall be the duty OF the secre.
tary to make out and deliver to any stockholder
at mis- request certificate of the share or shares
he or she may hold IN the stock of this company,
and this may be transferred subject 10 the provl-
sions OF tins act.
SEC. q. The said trustees and their SUCCESSORS
shall for ever hereafter be and they are hereby es
tdblisned and declared to be body polite and
corporate, with perpetual succession III deed and
in law to all ntents and purposes whatever, by the
name, Style and title OF "l'ne Trustees of Mar
shall Academy" by this name and title they and
their successors snail be capable at law and in
equity OF suing and being sued, holding property
necessary tor the use of said academy not exceed.
ing twenty thousand dollars, real, personal or mix
ed, OF buying and selling and otherwise lawfully
disposing OF the same, and shall have power TO
make and use a common seal and to alter the same
at their pleasure, and further any ve of the said
trustees snail be quorum in case said member is
Increased as aforesaid any number nearest two
thirds OF the whole number shall be a quorum to
transact business
SEC. .. Inat it shall and may " be lawful to
ana Tor INC SAID trustees from time to time TO apply
such part oi their funds and estate in such man.
ner as they may think most conducive by the pro
oil lIter1fura nd tbaa
full knowledge within this state Provided, That
when grants shall be made to them for certain use
and purposes therein expressed and declared the
same shall not be applied either in whole or in part
to any other uses without the consent of the gran
tor.
SEC. 3. The said corporation shall appoint by
ballot treasurer and secretary to continue in Of
nee during the pleasure of the corporation, the
treasurer shall keep fair and true accounts of all
moneys by him received and paid out, and tho
secretary shall hocp fair journal or the moe gs
and proceedings of the corporation in which the
yeas and nays all questions shall be entered if
requiredby two-thrds of the trustees present, and
to all books and papers of the cooperation every
trustee shall always have access and be permitted
TO take copies of them.
SEC. 3. The said trustees may establish an
academy at such time and in such place in the
township of White Pigeon in said county as may
seem to them most expedient, and it shall be the
duty OF said trustees to appoint such preccptors,
instructors and other officers for said academy as
they shall think necessary, to fix their compen-
sation and to remove them from Office when such
trustees shall think proper, and it shall be the duty
Oh SAID trustees to visit and inspect said acade-
my, to examine into the state and system of
education and discipline therein, and to make such
bylaws and ordinances not inconsistent with the |
Jaws OF the United States Of this state they |
may Judge most expedient for the government Of
sand academy or for the accomplishment of the |
rust hereby reposed in such trustees.
SEC. 10. Noreligious test whatever shall be re-
CURED from any stakeholder, trustee, teacher, or
pupil, nor shall the tenets of any particular rel-
5ious denomination be inculcated in said academy.
Sec. IL. This law or any part thereof may be
repealed or modified by the legislature; Provided,
rnat such power of repeal never extend to divert |
o any other purposes than those expressed there
n ifany shall be expressed any grant of property !
% such corporation, but such property in the event
Of the dissolution of such corporation shall revert
10 the grantor or his heirs.
Approved March %, 1886.