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[No. 67.]

AN ACT to amend section one of chapter one hundred seventy-one of the revised statutes of eighteen hundred forty-six, entitled "Of county jails and the regulation thereof," being section two thousand five hundred twenty-two of the compiled laws of nineteen hundred fifteen.

The People of the State of Michigan enact:

amended.

SECTION 1. Section one of chapter one hundred seventy- Section one of the revised statutes of eighteen hundred forty-six, entitled "Of county jails and the regulation thereof," being section two thousand five hundred twenty-two of the compiled laws of nineteen hundred fifteen, is hereby amended to read as follows:

as prisons.

SEC. 1. The common jails in the several counties of this When used state in charge of the respective sheriffs shall be used as prisons:

First, For the detention of persons charged with offenses and duly committed for trial;

Second, For the confinement of persons committed pursuant to a sentence upon conviction of an offense, and of all other persons duly committed for any cause authorized by law; and the provisions of this section shall extend to persons detained in or committed to any such jail when duly authorized by or under the authority of any court or officer of the United States, as well as by the courts and magistrates of this state: Provided, however, That all persons detained or committed to Proviso. such jails by the authority of the courts of the United States, or any officer of the United States, shall be received in said county jails only in cases where the cost of the care and maintenance of such persons shall be paid by the United States, at actual cost thereof, to be fixed and determined by the Michigan welfare commission upon application of the sheriffs of the respective counties of this state, and not otherwise.

This act is ordered to take immediate effect.
Approved April 25, 1927.

Section amended.

Liabilities, limitation of.

Proviso.

Further proviso.

Further proviso.

[No. 68.]

AN ACT to amend section fifty-two of act number two hundred five of the public acts of eighteen hundred eightyseven, entitled "An act to revise the laws authorizing the business of banking, and to establish a banking department for the supervision of such business", being section eight thousand twenty of the compiled laws of nineteen hundred fifteen, as amended by act number one hundred eight of the public acts of nineteen hundred nineteen.

The People of the State of Michigan enact:

SECTION 1. Section fifty-two of act number two hundred five of the public acts of eighteen hundred eighty-seven, entitled "An act to revise the laws authorizing the business of banking, and to establish a banking department for the supervision of such business," being section eight thousand twenty of the compiled laws of nineteen hundred fifteen, as amended by act number one hundred eight of the public acts of nineteen hundred nineteen, is hereby amended to read as follows: SEC. 52. The total liabilities to any bank of any person or of any company, corporation or firm for moneys advanced, including in the liabilities of the company or firm the liabilities of the several members thereof, except special partners, shall at no time exceed one-tenth part of the amount of capital and surplus of such bank, but the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed: Provided, however, That the foregoing limitation shall not apply to loans on real estate or other collateral securities authorized by this act, and deposited with the bank, or a trust company organized under the laws of this state: Provided further, That by a two-thirds vote of directors, the liabilities to any bank of any person or company, or corporation or firm may be increased to a sum not exceeding one-fifth of the capital and surplus of the bank; but such additional one-tenth of such capital and surplus shall not be loaned to any officer or director, or to any partnership in which such officer or director is a partner, or to any corporation in which such officer or director owns a majority of the capital stock, until such officer, director, partnership or corporation furnishes collateral or endorsements satisfactory to the directors, or files with the bank a sworn statement of assets and liabilities showing a net worth of sufficient amount to be entitled to such credit: Provided further, That before any bank under the supervision of the laws of this state shall loan any of its funds to its officers or its employes, such loans shall be first submitted to the directors of such bank for their approval. Not more than one-fourth of the assets of any

bank shall be loaned or invested in steam railroad bonds, and
not more than one-tenth of the assets of any bank shall be
invested in the bonds of any one railroad corporation de-
scribed in paragraphs (d) or (e) of section twenty-seven, and
not more than one-twentieth of such assets in the bonds of
any company or corporation described in paragraphs (f),
(g), or (h) of said section, and not more than one-twentieth
of the assets of any bank shall be loaned to any one person,
corporation or firm on the collateral pledges described in
paragraphs (i) and (j) of same section.
Approved April 25, 1927.

[No. 69.]

AN ACT to make appropriations for the department of the attorney general for the fiscal years ending June thirtieth, nineteen hundred twenty-eight, and June thirtieth, nineteen hundred twenty-nine, for maintenance and operation.

The People of the State of Michigan enact:

and pur

SECTION 1. There is hereby appropriated from the general Amounts fund for the department of the attorney general, for the fiscal poses. year ending June thirtieth, nineteen hundred twenty-eight, the sum of one hundred twenty-nine thousand eight hundred dollars, and for the fiscal year ending June thirtieth, nineteen hundred twenty-nine, the sum of one hundred twentynine thousand eight hundred dollars, for the purposes and in the specific amounts as follows:

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Each of said amounts shall be used solely for the specific

purposes herein stated.

out.

SEC. 2. The amounts hereby appropriated shall be paid How paid out of the state treasury at such times and in such manner as is or may be provided by law.

SEC. 3. All fees or other moneys received by said depart Fees, etc. ment of the attorney general shall be forwarded to the state treasurer each month and shall be by said treasurer deposited

in the state treasury to be disbursed in such manner and for
such purposes as may be provided by law.

This act is ordered to take immediate effect.
Approved April 25, 1927.

Section amended.

Husband,

etc.. may insure.

[No. 70.]

AN ACT to amend section twenty-four of chapter two of part
three of act number two hundred fifty-six of the public acts
of nineteen hundred seventeen, entitled "An act to revise,
consolidate and classify the laws of the state of Michigan,
relating to the insurance and surety business; to regulate
the incorporation of domestic insurance and surety com-
panies and associations and the admission of foreign com-
panies; and to provide for the departmental supervision and
regulation of the insurance and surety business within this
state," approved May tenth, nineteen hundred seventeen.

The People of the State of Michigan enact:

SECTION 1. Section twenty-four of chapter two of part three of act number two hundred fifty-six of the public acts of nineteen hundred seventeen, entitled "An act to revise, consolidate and classify the laws of the state of Michigan, relating to the insurance and surety business; to regulate the incorporation of domestic insurance and surety companies and associations and the admission of foreign companies; and to provide for the departmental supervision and regulation of the insurance and surety business within this state," approved May tenth, nineteen hundred seventeen, is hereby amended to read as follows:

PART III
Chapter 2

SEC. 24. It shall be lawful for any husband to insure his life for the benefit of his wife, and for any father to insure his life for the benefit of his children, or of any one or more of them; and in case that any money shall become payable under the insurance, the same shall be payable to the person or persons for whose benefit the insurance was procured, his, her or their representatives or assigns, for his, her or their own use and benefit, free from all claims of the representatives of such husband or father, or of any of his creditors; and any of husband. married woman, either in her own name or in the name of any third person as her trustee, may cause to be insured the life of her husband, or of any other person, for any definite

Wife may insure life

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period, or for the term of life, and the moneys that may be-
come payable on the contract of insurance, shall be payable to
her, her representatives or assigns, free from the claims of
the representatives of the husband, or of such other person
insured, or of any of his creditors; and in any contract of
insurance, it shall be lawful to provide that on the decease
of the person for whose benefit it is obtained, before the sum
insured shall become payable, the benefit thereof shall accrue
to any other person or persons designated; and such other
person or persons shall, on the happening of such contin-
gency, become the lawful owner or owners of the policy of
insurance, and entitled to enforce the same to the full extent
of its terms, notwithstanding he, she or they may not at the
time have any such insurable interest as would have enabled
him, her or them to obtain a new insurance; and the proceeds
of any policy of life or endowment insurance, which is pay-
able to the wife, husband or children of the insured, includ-
ing the cash value thereof, shall be exempt from execution or
liability to any creditor of the insured.
Approved April 25, 1927.

[No. 71.]

AN ACT to amend section one of chapter seventy-six of act number three hundred fourteen of the public acts of nineteen hundred fifteen, "The judicature act of nineteen hundred fifteen," being section fourteen thousand three hundred sixty-one of the compiled laws of nineteen hundred fifteen, as last amended by act number three hundred five of the public acts of nineteen hundred twenty-five.

The People of the State of Michigan enact:

SECTION 1. Section one of chapter seventy-six of act num- Section ber three hundred fourteen of the public acts of nineteen hun- amended. dred fifteen, "The judicature act of nineteen hundred fifteen," being section fourteen thousand three hundred sixty-one of the compiled laws of nineteen hundred fifteen, as last amended by act number three hundred five of the public acts of nineteen hundred twenty-five, is hereby amended to read as follows:

sum

SEC. 1. In any action commenced before a justice of the When peace, founded upon contract, or upon judgment or decree, mons issued. or after the rendition of judgment in any case if the plaintiff, his agent or attorney shall make and file with such justice an affidavit stating that he has good reasons to believe, and does believe, that any person, naming him, has property, money or effects in his hands, or under his control belonging to the defendant or any or either of the defendants in such

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