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 labor organizations or for any other purpose in the interests of labor organizations, and may borrow money, and for that purpose may issue its bonds and mortgage its property to secure the payment of said bonds.
History: 1897, Act 13, Imd. Eff. Feb. 18, 1897 ;-- CL 1897, 7437 ;-- CL 1915, 9809 ;-- CL 1929, 10280 ;-- CL 1948, 454.74
Structure Michigan Compiled Laws
Chapter 454 - Trade and Labor Associations
Act 13 of 1897 - Labor Associations (454.71 - 454.77)
Section 454.71 - Labor Associations; Incorporation.
Section 454.72 - Labor Associations; Incorporators; Articles of Association, Execution, Contents.
Section 454.74 - Labor Associations; Powers.
Section 454.75 - Labor Associations; Stock, Liability of Stockholders.
Section 454.76 - Labor Associations; New Membership; Stock; Board of Trustees, Election.
Section 454.77 - Labor Associations; Board of Trustees, Powers; Officers, Appointment.