Michigan Compiled Laws Act 161 Of 1911 Parks, Playgrounds, Drives, And Boulevards (455.301 - 455.313)

AN ACT to provide for the formation of corporations with power to acquire, control, own, maintain, improve, and convey property for parks, playgrounds, drives, and boulevards, and hold the same and the proceeds thereof in trust for municipalities and take private property therefor; and to impose certain duties upon the department of commerce.

History: 1911, Act 161, Eff. Aug. 1, 1911 ;-- Am. 1982, Act 105, Imd. Eff. Apr. 19, 1982

Section 455.301 Parks, Playgrounds, Drives And Boulevards; Incorporation, Purpose.
Any number of persons, not less than 5, who shall desire to form a corporation for the purpose of acquiring, owning, controlling, maintaining and...
Section 455.302 Articles Of Association; Acknowledgment, Contents.
Such articles of association shall be signed by the persons associating in the first instance, and be duly acknowledged before some officer authorized by...
Section 455.303 Filing Articles Of Association With Department Of Commerce.
The articles of association shall be filed with the corporation and securities bureau of the department of commerce. History: 1911, Act 161, Eff. Aug....
Section 455.304 Body Corporate; Powers.
Upon the recording of such articles of association the persons who have signed and acknowledged the same, their associates and successors, shall thereupon become...
Section 455.305 Corporation; Shares Of Stock; Directors, Election, Terms, Powers.
The corporation shall not have any shares of stock or be for pecuniary profit. It shall have not less than 5 directors to be...
Section 455.306 Membership.
There shall be 2 classes of members, life and annual. Any person may become a life member by paying to the corporation $100.00 or...
Section 455.307 Corporation; Powers; Condemnation.
Corporations organized under this act shall have power to govern, manage, control, lay out and improve parks, playgrounds, boulevards and pleasure drives over which...
Section 455.308 Municipal Corporation; Transfer Of Realty, Revocation.
Any municipal corporation, by vote of its governing body, may transfer to any such corporation in trust as hereinbefore provided, the management and control...
Section 455.309 Municipal Corporation; Aid.
It shall be lawful for any such municipal corporation to appropriate, by a vote of its common council, or other governing body, to any...
Section 455.310 Lands Held In Trust; Free Access, Tax Exemption.
All lands acquired by any corporation organized under this act or subject to its control and management shall be held in trust as aforesaid...
Section 455.311 Trustees; Court Appointment.
If any corporation organized under this act shall at any time fail, from any cause, to perform the duties of trustee as herein provided,...
Section 455.312 Vesting Of Property In Municipality.
If any such corporation fail at any time to have members and no trustees ad interim shall have been appointed, then until such time...
Section 455.313 Construction Of Act.
In all proceedings of suits that may arise or be brought in any of the courts of this state touching or concerning corporations under...

Last modified: October 10, 2016