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lished.

a full abstract of the general accounts of the bank, so as to Contents. show plainly its resources and liabilities and the amount of each kind thereof, and the same shall be published, at least where pubonce a week for three successive weeks, in some newspaper of the county where such bank is located, if any paper be published therein, if not then in any paper published in Detroit. Approved January 27, 1871.

[ No. 8. ]

AN ACT to amend section thirteen (13), of chapter fifty-one (51), of the compiled laws relating to wolves and other noxious animals.

amended.

SECTION 1. The People of the State of Michigan enact, That section section thirteen, of chapter fifty-one, of the compiled laws, as amended by act number one hundred and twenty-nine of the session laws of eighteen hundred and sixty-nine, being "An act to amend chapter fifty-one of the compiled laws, relating to the destruction of wolves and other noxious animals, by adding a new section thereto, to stand as section thirteen of said chapter," approved April third, eighteen hundred and sixty-nine, be and hereby is amended so as to read as follows:

what town

may allow.

Sec. 13. The township boards of the several townships of Bounties: this State, shall have power, at the expense of their respective ship board townships, to award and allow such other bounties for the destruction of wolves, wolf whelps, and such bounties for the destruction of panthers and other noxious animals, within their respective townships, as the qualified electors of each shall have voted at the annual township meeting next preceding; and How paid. such additional and other bounties, when duly allowed and certified in such manner as the township board may prescribe,

shall be paid out of the township treasury: Provided, That Proviso.

neither of the bounties provided for in this section shall exceed in amount the sum of two dollars.

Approved January 27, 1871.

How may

consolidate.

ations, etc.,

termined.

[ No. 9. ]

AN ACT to authorize the consolidation of mining corporations.

SECTION 1. The People of the State of Michigan enact, That mining corporations organized under the general laws of this State may, by vote of three-fifths (3-5) in interest of the entire stock of said corporations actually present or legally represented at meetings of stockholders duly called to consider the question of consolidation, agree to unite and consolidate the said corWhen valu- porations. At such meetings the terms upon which the conshall be de- solidation shall be effected, the valuations of the several properties, and the number of shares of stock in the consolidated corporation to which the stockholders in each of the corporations may be entitled, shall be determined. The capital stock Amount of and the number of shares in the consolidated corporation may be the same, but no greater, than the aggregate capital stock and number of shares of the several corporations before such consolidation: Provided, That no mining corporations shall unite under this act whose capital actually paid in, or whose expenditures in the purchase of lands and improvements, shall be less than one hundred thousand dollars each. The several Companies corporations forming such consolidated corporation, before the said consolidation shall be completed, shall file in the office of with Sec. of the Secretary of State a certificate signed by the president and

capital stock

Proviso.

to file certificate of

capital stock

State.

secretary of each of said corporations and verified under oath, showing the amount of capital stock actually paid in, the amount expended for the purchase of lands, and for improvements made upon said lands by each of the said corporations: Pro

viso.

shares.

shares,

privileges,

vided, The lands of such corporations shall be known as Proviso. mineral lands, and in every case contiguous and adjacent to each other: Provided further, That the capital stock of no further proconsolidated corporation shall be divided into a greater number Number of than eighty thousand shares, that in no case shall a greater amount of capital be called in by the consolidated corporation under this act than that remaining unpaid on the stock of the several corporations at the time of such consolidation, and that Par value of the par value of such shares shall be fixed at the meeting at which the consolidation shall be made, and in no case exceeding twenty-five dollars, or less than ten dollars, and every certificate of stock issued shall upon its face state the par value and the amount of assessment to which said stock is liable.

Sec. 2. The corporations so formed shall hold and enjoy all Powers, , the powers, privileges, rights, franchises, properties, claims, rights, etc. demands, and estates which at the time of such union may be held and enjoyed by either of said existing corporations, and be Daes and

liabilities. subject to all the dues, demands, contracts, and liabilities existing against either of the same; and all suits at law or in equity, Sults at law; and all proceedings before any tribunal, which may be pending, cuted and

defendod. to which either corporation shall be a party, may be prosecuted and defended by the company hereby authorized, in the same name, in like manner, and with the same effect, as might have been done had such union not have been formed. All claims, Claims, concontracts, rights, and causes of action of or against either cor- how en poration, at law or in equity, may be enforced by suit or action, to be commenced and prosecuted by or against the corporation formed as aforesaid. And the said existing corporations shall continue corporations for the purpose of prosecuting or defending any suit or proceeding at law, or in equity, or otherwise, now pending or which may hereafter be brought by or against either of them.

Sec. 3. The officers of the existing corporations shall con- Rights and tinue to exercise, in behalf of the corporations so to be formed, existing cor

porations. all their rights and powers, until the new corporation shall be

how prose

tracts, etc.;

forced.

powers of

of stock; power to

issue new,

etc.

organized; and thereafter each of the said existing corporations shall continue, for the purpose of perfecting the said union, and doing all such acts and things, if any, as may be necessary therefor; and shall execute all such transfers, conveyances, and assignments, as the corporation formed as aforesaid may deem necessary or expedient to vest in itself any property, estates, contracts, rights, or claims, if any there be,

which do not vest in it by virtue or authority of this act. Certificatos Sec. 4. Any mining corporation consolidated under this

act shall bave power to call in and cancel their prior certifi. cancel; to

cates of stock, and to make and issue to its stockholders new certificates of stock in the consolidated corporation, in such proportions to each, as each shall be entitled to, according to the terms of consolidation as agreed upon, and to cancel the stock of

any

stockholder who shall not return his stock to be Notice for canceled, as aforesaid, within ninety days after actual notice of calling in

the resolution of the corporation for calling in its stock, or who shall not return his stock after publication of notice of said resolution for ninety days in some daily paper published in the city of Detroit, also in some paper published in the Upper Peninsula, also in a paper published in the place where the principal business office of the company is located.

Sec. 5. All acts or parts of acts inconsistent with the propealed.

visions of this act are hereby repealed.

Approved January 27, 1871.
(For immediate effect, see act No. 24.)

stock

Acts ro

[No. 10.] AN ACT to amend section eleven, of chapter ninety-one, of

the revised statutes of eighteen hundred and forty-six, being section three thousand six hundred and seventeen, of chapter one hundred and sixteen, of the compiled laws, entitled Of the Probate Courts.”

SECTION 1. The People of the State of Michigan enact, That section eleven, of chapter ninety-one, of the revised statutes of

Section amendod.

How testi

tained wben

unable to

eighteen hundred and forty-six, being section three thousand six hundred and seventeen, of chapter one hundred and sixteen, of the compiled laws, be amended so as to read as follows:

Sec. 11. When a witness whose testimony is necessary to be mony obused before any court of probate, or the commissioners appointed witness is by such court, shall reside out of this State, or within this attend. State but more than thirty miles from the place of trial or hearing, or by reason of age or bodily infirmity shall be unable to attend in person, the court may issue a commission under the seal of said court, and signed by the judge thereof, or the register, if there be one, to one or more competent persons to take the testimony of such witness. Such commissions, Deposition; when issued and the deposition taken thereon according to the used. provisions of law for taking depositions to be used on the trial of civil causes, may be used on the trial of any question before the probate court, or before the commissioners appointed by such courts, when such testimony may be proper. Such depo- Whero resition, when so taken, shall, in all cases, be returnable to the conrt from which the commission to take the same has issued, and may be used in evidence by either party in the circuit May be used court when any matter or proceeding in which they were taken shall be appealed to such court.

Approved February 14, 1871.

how may be

turnable.

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as evidence.

[No. 11.) AN ACT to amend section two, of act number one hundred

and sixty-three, of the session laws of eighteen hundred and sixty-one, being an act entitled “ An act relative to laying out, altering, and discontinuing highways."

SECTION 1. The People of the State of Michigan enact, That Section section number two, of act number one hundred and sixtythree, of the session laws of eighteen hundred and sixty-one, being an act entitled “ An act relative to laying out, altering,

amended.

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