Capital. May hold real and tate. Trustees. Meeting and election of trustees. Officers. sons as may become members of the incorporation hereby created shall be and they are hereby constituted and declared to be a body corporate and politic, by the name of the Young Ladies' Seminary of the city of Monroe, and in their corporate name may sue and be sued, may have a common seal which they may renew at pleasure, and shall have, enjoy and may exercise all the powers, rights and privileges which appertain to corporate bodies for the purposes mentioned in this act. Sec. 2. The capital stock of said corporation shall not exceed the sum of ten thousand dollars, and shall be divided into shares of ten dollars each. Sec. 3. The corporation hereby created shall be capable in law to purchase, take, receive, hold and enjoy any estate, real and personal, whatever, to an amount not exceeding ten thousand dollars, and to lease, sell and convey, or otherwise dispose of the same. Sec. 4. There shall be sixteen trustees of said corporation, who shall be members thereof, and who shall manage all the affairs thereof; and the first trustees shall be Charles Noble, Dan B. Miller, William H. Boyd, Robert McClelland, S. R. Arnold, George Landon, Wedworth W. Clark, David A. Noble, Thomas G. Cole, Norman R. Hascall, Ira Mayhew, H. H. Northrop, C. F. Lewis, H. Morgan, Warner Wing and Charles G. Johnson, who shall hold their offices until the third Wednesday in August, eighteen hundred and fifty, and until others are clected in their places. Sec. 5. There shall be, on the third Wednesday in August, eighteen hundred and fifty, and on the third Wednesday in August in every succeeding year, a general meeting of the members of said corporation at some convenient place in the city of Monroe, to be designated by the by-laws of said corporation; and a majority of the members who shall meet in person or by proxy shall elect by ballot sixteen of their number to be trustees of the said corporation for the year then next ensuing. Sec. 6. The trustees of said corporation shall have power to choose from out of their number, a president, a treasurer and a secretary, who shall immediately enter upon the duties of their offices, and hold the same from the time of their election until the third Wednesday in August of the ensuing year, and until others are cho how filled. sen in their stead; and in case any of the trustees shall resign, die, Vacancy; refuse or neglect to act, then, and in every such case, the remaining trustees may, within thirty days thereafter, elect by ballot other members of said corporation in their stead, who shall hold their offices in the same manner as those first elected. Sec. 7. Each member shall be entitled to one vote for each share Vol. of which he shall be the holder. And the said trustees shall receive subscriptions for shares in said corporation until the capital stock may be subscribed; and said shares be assignable and transferable according to such rules as the board of trustees shall from transferable. time to time make and establish, and shall be considered personal property. Sharer trustees. Sec. 8. In case it should at any time happen that an election of Election of trustees should not be made on any day, when, pursuant to this act, it ought to have been made, the said corporation shall not for that cause be dissolved, but it shall and may be lawful on any other day to hold an election for trustees in such manner as shall be provided by the laws and ordinances of said corporation. Sec. 9. The trustees may, by their by-laws, make all necessary special rules and regulations for calling special meetings, and changing the meeting●. time of the annual meetings, and for all other purposes necessary to carry on the true intent and meaning of this act, and not inconsistent with the laws of this State; and a majority of the trustees shall constitute a quorum for the transaction of business. visitors. Sec. 10. A board of visitors, consisting of twelve ladies, shall be Board of appointed annually by the trustees, whose duty it shall be to attend all examinations, and from time to time make a personal examination into the state of the seminary, in all its departments, and report the result to the trustees, suggesting such improvements as they may/ deem important. Sec. 11. It shall be the duty of the trustees to submit to the su- Report. perintendent of public instruction, an annual report, exhibiting the number of pupils in the seminary, and the condition thereof in all its departments, and he may, in his discretion, submit the same to the legislature in his annual report. no debt. Sec. 12. The said corporation shall incur no debt whatever, ex- shall incur cept such as may be necessary for the current expenses of each current year: Provided, Nothing herein contained shall prohibit said May be repealed. corporation from executing a mortgage or other security for the balance now due for the purchase of property which has been already made for them. Sec. 13. This act shall take effect and be in force from and after its passage. The legislature may at any time alter, amend or repeal this act, by a vote of two-thirds of each House. Approved February 18, 1850. [ No. 30. ] } Incorporation. Route. Capital. Duration of charter. AN ACT to incorporate the Monroe and Dearborn Plank Road Company. Section 1. Be it enacted by the Senate and House of Representatives of the State of Michigan, That Dan B. Miller, John Burch, Alexander M. Arzeno and Jerred Sexton, John B. Grayson, Henry Ledyard, Thomas M. Sweeny, be and they are hereby appointed commissioners, under the direction of a majority of whom subscriptions may be received to the capital stock of the Monroe and Dearborn Plank Road Company, and the subscribers thereto, with such other persons as they shall associate with them for that purpose, their successors and assigns, shall be and they are hereby created a body politic and corporate, by the name and style of the Monroe and Dearborn Plank Road Company, with corporate succession. Sec. 2. Said company hereby created shall have the power to lay out, establish and construct a plank road and all necessary buildings and appurtenances, from the city of Monroe in the county of Monroe, to the village of Dearborn in the county of Wayne, by the way of Flat Rock in the county of Wayne, with the right of uniting said road at any other point with the plank road of any other company. Sec. 3. The capital stock of said company shall be sixty thousand dollars, to be divided into two thousand shares of twenty-five dollars each; and said company shall be subject to all general laws of this State now in force relative to plank roads, and the same are made a part of this act. Sec. 4. This act shall be and remain in force for the term of sixty years from and after its passage; but the legislature may at any time alter, amend or repeal this act by a vote of two-thirds of each branch thereof; but such alteration, amendment or repeal shall not be made within thirty years from the passage of this act, unless it shall be made to appear to the legislature that there has been a violation by the company of some of the provisions of law to which it is subject: Provided, 'That after said thirty years, no alteration or re. duction of the tolls of said company shall be made during its existence, unless the yearly nett profits of said company, over and above all expenses, shall exceed ten per cent. on the capital stock invested: Provided, there be no violation of the charter of said company. Sec. 5. As soon as said company shall be duly organized, the Route. board of directors thereof are hereby authorized to enter upon and take possession of so much of the Territorial Road, so called, from Monroe to Flat Rock, also so much of the road along which the telegraphic wires run from Flat Rock to Dearborn, and proceed to construct and maintain thereon a plank road: Provided, however, That during the construction of said plank road, the said company shall in no wise prevent or improperly obstruct the usual travel thereon. Sec. 6. This act shall take effect immediately, and the act entitled Act repeal' an act to incorporate the Monroe and Flat Rock Plank Road Company, approved April 2, 1849, is hereby repealed. Approved February 18, 1850. [No. 31. ] AN ACT to amend an act entitled an act to enlarge the powers and increase the number of officers in school district number four in the township of Ypsilanti, approved March 12, 1849. Section 1. Be it enacted by the Senate and House of Representatives Rate bills of the State of Michigan, That the district board of school district graduated. number four in the township of Ypsilanti in the county of Washtenaw, be and they are hereby authorized and empowered to discriminate in their discretion as to the price to be paid upon the rate bills for teachers' wages by scholars belonging to said district, so that scholars attending said school may pay a price according to the studies each scholar may pursue. Sec. 2. The rate bills made out in accordance with the provisions of the preceding section, shall have the same binding force and effect as rate bills made out under the provisions of law now in force, and shall be collected in the same manner. Ibid. District powered to Contract with state board. Sec. 3. That the district board of said district be and they are board em- hereby authorized and empowered to contract to pay to the State Board of Education the sum of seven hundred dollars per annum towards the salary of the principal of the model school in connection with the State Normal School, or to supply any number of scholars. for the said model school upon such terms and conditions as may be agreed upon between said district board and the State Board of Education. Sec. 4. This act shall take effect immediately. [ No. 32. ] AN ACT to incorporate the Union Society of Livonia. Section 1. Be it enacted by the Senate and House of Representatives Incorpora of the State of Michigan, That Erastus Starkweather, Edwin Fuller, Calvin Whipple, Jacob Everett and Dexter Briggs, and such other persons as may be associated with them, and their successors in office, be and they are hereby constituted a body corporate and poiltic, under the name and style of the Union Society of Livonia, subject to the provisions relating to corporations contained in chapter fiftyfive of the revised statutes of eighteen hundred and forty-sx, and such amendments thereto as may be made from time to time by the Legisla Authorized purchase ture. Sec. 2. The persons named in the preceding section, and their to build and successors in office, shall have power and are hereby authorized to build in the town of Livonia and county of Wayne, a house for religious worship and lectures, and all other public uses and purposes, and to establish such rules and by-laws for the government of the same as may from time to time be necessary, provided such rules and by-laws are not inconsistent with the constitution and laws of the United States, or of this State; and they shall faithfully apply all funds or other property that may be received by them for that purpose, to purchase a suitable site for, and in the erection of a building for the purposes above named. Sec. 3. The trustees of said institution, elected in pursuance of chapter fifty-five of the revised statutes, shall be in law capable of acquiring and holding by purchase, gift, grant, devise or bequest or |