Stocks, etc., not exempted, sale of. Penalty for violation. Registration, etc., fee, agent's. Stock dividend, act not applicable to. Service of process by duplicate copies. Final order, court may review SEC. 18. It shall be unlawful for any corporation, copartnership, association, company, firm, person or agent to sell or offer for sale, or attempt to sell at any place within this State or to any person within this State, stocks, bonds, or other securities not exempted by this act, unless such corporation, association, co-partnership, company, firm, person or agent shall have fully complied with all of the provisions of this act. No investment company or dealer shall sell or offer for sale at any place or to any person within this State any stocks, bonds, or other securities issued by any investment company unless such investment company or dealer shall have listed such stocks, bonds, or other securities under the provisions of this act. After any dealer or investment company shall have received a notice as provided for in sections five and sixteen, no such dealer or investment company shall sell or offer for sale at any place or to any person within this State any of the stocks, bonds, or other securities specified in such notice. Any person who shall violate any of the provisions of this section shall be deemed guilty of a felony and upon conviction thereof by a court of competent jurisdiction shall be fined for each offense not more than five thousand dollars or shall be imprisoned in the State prison not more than five years, or both such fine and imprisonment in the discretion of the court. SEC. 19. In addition to the filing and examination fees herein provided for to be paid by investment companies and dealers, there shall be charged and collected by said commission a fee of three dollars for the registration and authorization of each agent of any such investment company or dealer and all the fees and charges collected by the commission shall be turned into the State treasury and are hereby reappropriated to the commission towards paying the expenses of enforcing this act. The expenses of said commission shall not, however, be limited to the moneys received by it, but it shall have the power to incur all expenses it finds necessary in enforcing the provisions hereof. SEC. 20. Nothing in this act shall be construed as applicable to the issuance by a corporation of a stock dividend to its stockholders nor to the issuance of stock by a corporation to the original subscribers to its articles of incorporation. SEC. 21. In case any process or pleadings mentioned in this act are served upon the Commissioner of the State Banking Department, it shall be by duplicate copies, one of which shall be filed in the office of the Michigan Securities Commission and another immediately forwarded by registered mail to the head office of the person or corporation against which said process or pleadings are directed. SEC. 22. The supreme court upon petition of any person etc. Supreme aggrieved may review by certiorari any final order or determination of the commission. The issuance of the writ shall not, however, unless specifically ordered by the court, operate as a stay of proceedings. penalty. SEC. 23. Any person or persons who shall wilfully violate Misdemeanor, any of the provisions of this act for which a penalty is not expressly provided herein, shall be deemed guilty of a misdemeanor and upon conviction thereof shall be fined for each offense not more than one thousand dollars, or shall be imprisoned in the county jail for not more than ninety days, or both such fine and imprisonment in the discretion of the court. SEC. 24. Should the courts of this State declare any sec- When act not impaired. tion or provision of this act unconstitutional or unauthorized, or in conflict with any other section or provision of this act, then such decision shall affect only the section or provision so declared to be unconstitutional or unauthorized and shall not affect any other section or part of this act. SEC. 25. All acts or parts of acts in conflict herewith are hereby repealed. Approved May 2, 1913. [No. 144.] AN ACT to amend sections two and six of act number three hundred six of the Public Acts of nineteen hundred seven, entitled "An act to provide for a legislative reference and information department in connection with the State Library, to make an appropriation therefor, and to provide a tax to meet the same," approved June twenty-eight, nineteen hundred seven; relative to the compensation of the assistant in charge thereof. The People of the State of Michigan enact: SECTION 1. Sections two and six of act number three hun- Sections, amended. dred six of the Public Acts of nineteen hundred seven, entitled "An act to provide for a legislative reference and information department in connection with the State Library, to make an appropriation therefor, and to provide a tax to meet the same," approved June twenty-eight, nineteen hundred seven, are hereby amended to read as follows: librarian. SEC. 2. The State Librarian, within ten days after this Assistant act shall take effect, shall appoint an assistant, who shall be a person familiar with and otherwise fitted to perform the duties of this office as herein defined, who shall have charge of said department under the supervision of the State Librarian and perform the duties hereinafter prescribed. He shall Salary. receive an annual salary of eighteen hundred dollars, payable in the same manner as other assistants in the State Library. Tax clause. SEC. 6. The Auditor General shall add to and incorporate into the State tax the sum of eighteen hundred dollars annually, and such amount is hereby appropriated from the general fund of the State, which sum shall be included in the State taxes apportioned by the Auditor General on all taxable property of the State, to be levied, assessed and collected as other State taxes, and when so assessed and collected to be paid into the general fund to reimburse said fund for the appropriation made by this act. This act is ordered to take immediate effect. Special purpose, amount. [No. 145.] AN ACT to provide for the participation of the State of Michigan in the erection of a memorial commemoration of the battle of Lake Erie, and in a Perry's victory centennial celebration; and making an appropriation therefor. The People of the State of Michigan enact: SECTION 1. There is hereby appropriated for the use of the commission to represent the State of Michigan at the centennial anniversary of the battle of Lake Erie, as created by act number two hundred thirty-three of the public acts of nineteen hundred nine, the sum of thirty thousand dollars, which amount the commission shall disburse as follows: Disbursement. Twenty-five thousand dollars to aid in the erection of a permanent memorial monument in commemoration of the battle of Lake Erie to be located on Put-in-Bay Island, in the state of Ohio; five thousand dollars for use in aiding and promoting the success of the celebration of the centennial anniversary of the battle of Lake Erie: Provided, That of the sum of five thousand dollars hereby appropriated for the aiding and promoting of the success of said celebration, no part thereof shall be taken or used as compensation of the members of said commission: Provided further, That any part of said sum not used for the purposes herein indicated shall be returned to the State treasury and credited to the general fund. Proviso. Further proviso. disbursement of. Appropriation, SEC. 2. In the disbursement of the appropriation herein provided for, the said commission shall act in conjunction with such similar commissions as have been appointed by other participating states and the national government and have organized and are known as the "Inter-state Board of the Perry's Victory Centennial Commissioners." SEC. 3. The said sum hereby appropriated shall be paid How paid out. out of the general fund of the State treasury upon the warrant of the Auditor General who, before issuing such warrant shall be furnished with certified and proper vouchers, signed by the treasurer general of the said Interstate Board of the Perry's Victory Centennial Commission and by the members of the Michigan commission. SEC. 4. The Auditor General shall add to and incorporate Tax clause. in the State tax for the year nineteen hundred thirteen the sum of thirty thousand dollars, which amount when collected shall be credited to the general fund to reimburse the same for the moneys hereby appropriated. This act is ordered to take immediate effect. [No. 146.] AN ACT to amend section seventeen of chapter two of act number one hundred sixty-four of the Public Acts of eighteen hundred eighty-one, entitled "An act to revise and consolidate the laws relating to public instruction and primary schools, and to repeal all acts or parts of acts contravening the provisions of this act," being compiler's section four thousand six hundred sixty-two of the Compiled Laws of eighteen hundred ninety-seven, as last amended by act number eighty-three of the Public Acts of nineteen hundred nine. The People of the State of Michigan enact: amended. SECTION 1. Section seventeen of chapter two of act num- Section ber one hundred sixty-four of the Public Acts of eighteen hundred eighty-one, entitled "An act to revise and consolidate the laws relating to public instruction and primary schools, and to repeal all acts or parts of acts contravening the provisions of this act," being compiler's section four thousand six hundred sixty-two of the Compiled Laws of eighteen hundred ninety-seven, as last amended by act number eighty-three of the Public Acts of nineteen hundred nine, is hereby amended to read as follows: CHAPTER II. voter, who SEC. 17. In all school elections including school elections Qualified held in districts organized and governed in whole or in part deemed. by a local act or acts, any provisions in such local act or acts to the contrary notwithstanding, every citizen of the United States of the age of twenty-one years, male or female, Proviso. who owns property which is assessed for school taxes in the This act is ordered to take immediate effect. Sections amended. Board of examiners. [No. 147.] AN ACT to amend sections one, three, five, six and eight of act number seventy-one of the Public Acts of nineteen hundred nine, entitled "An act to provide for the examination, regulation, licensing and registration of optometrists practicing optometry, and for the punishment of offenders against this act," approved May six, nineteen hundred nine. The People of the State of Michigan enact: SECTION 1. Sections one, three, five, six and eight of act number seventy-one of the Public Acts of nineteen hundred nine, entitled "An act to provide for the examination, regulation, licensing and registration of optometrists practicing optometry, and for the punishment of offenders against this act," are hereby amended to read as follows: SEC. 1. The Governor shall appoint, on or before November first, nineteen hundred nine, five electors of the State who shall constitute a board of examiners in optometry. All persons so appointed shall have been actively engaged in the practice of optometry in harmony with sections seven and eight of this act for at least five years preceding the time of To furnish list such appointment. The secretary and treasurer of said of optome trists. board shall furnish to the Governor annually and whenever requested to do so, a complete and correct list of the regis tered optometrists under the provisions of this act, and the appointments of the members of said board shall at all times be made from the list of registered optometrists so furnished |