Property; Holding, Disposition; Erection of Buildings; Borrowing Power - Mich. Comp. Laws Section 457.224
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Michigan Laws > Fraternal Associations > Property; Holding, Disposition; Erection of Buildings; Borrowing Power - Mich. Comp. Laws Section 457.224
457.224 Property; holding, disposition; erection of buildings; borrowing power.
Sec. 4.
Every corporation organized under the provisions of this act may take, receive, purchase and hold in its corporate capacity, and for its corporate purposes, real and personal property and the same or any part thereof demise, sell, convey, use and dispose of at pleasure; and may erect and own suitable building or buildings to be used in whole or in part for meetings of Masonic bodies and may borrow money and for that purpose may issue its bonds and mortgage its property to secure the payment of said bonds.
History: 1895, Act 1, Imd. Eff. Feb. 15, 1895
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CL 1897, 7973
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CL 1915, 10411
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CL 1929, 10612
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CL 1948, 457.224
Section: 457.207 457.208 457.209 457.210 457.221 457.222 457.223 457.224 457.225 457.226 457.226a 457.227 457.231 457.232 457.233
Last modified: March 17, 2013
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