Michigan Laws 486.52 – Certificate; contents; recording and filing
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Such persons under their hands and seals shall make a certificate which shall specify:
First, The name of the corporation;
Terms Used In Michigan Laws 486.52
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
Second, A statement of the amount of capital stock of such company, and the number of shares into which the capital stock shall be divided;
Third, The county and townships within this state in which such canal is to be excavated and constructed, and the operations of said company carried on;
Fourth, The business and object of said company in general terms;
Fifth, The names and places of residences of the stockholders, and the number of shares held by each of them respectively;
Sixth, The names of the first directors, being not more than 7, and not less than 5;
Seventh, The place in this state where their office for the transaction of business is located;
Eighth, The term of existence of such corporation, which certificate shall be acknowledged as deeds are required to be acknowledged and recorded, in the office of the clerk of the county in which the office of said company for the transaction of business is located, and a copy thereof filed in the office of the secretary of state.