Sec. 12.
Any association incorporated under this act may take by gift, devise or bequest, and hold any property real or personal in trust, to apply the income thereof, under the direction of the trustees of the association, for the improvement or embellishment of the ground or water-front of the association, or the erection, repair or preservation of any statuary, fountain, fence, buildings, docks, quays and landings erected or to be erected upon the same, or in planting trees, shrubs and flowers in the grounds of the association, or for the improvement or embellishment of such grounds in any other manner or form consistent with the design or purposes of the association, and as specified in such gift, devise or bequest.
History: 1887, Act 69, Imd. Eff. Apr. 15, 1887 ;-- How. 3983g-2 ;-- CL 1897, 7665 ;-- CL 1915, 10096 ;-- CL 1929, 10361 ;-- CL 1948, 455.112
Structure Michigan Compiled Laws
Chapter 455 - Summer Resort and Park Associations
Act 69 of 1887 - Suburban Homestead, Villa Park, and Summer Resort Associations (455.101 - 455.113)
Section 455.103 - Corporate Powers; Articles, Certified Copy as Evidence; Trustees, Powers.
Section 455.105 - Trustees; Election, Vacancy.
Section 455.106 - Lots and Plots; Proceeds of Sale, Disposition.
Section 455.107 - Lots and Plots; Purchase Agreement.
Section 455.108 - Lots and Plots; Plot Prerequisite to Sale.
Section 455.109 - Lots and Plots; Tax Assessment; Sale for Taxes, Association as Purchaser.
Section 455.110 - Annual Report to Lot Owners; Special Election, Trustees, Appointment, Term.
Section 455.111 - Property; Injury, Penalty; Trespass Action.
Section 455.112 - Property; Acceptance of Gift, Devise or Bequest; Holding.
Section 455.113 - Repeal or Amendment of Act; Dissolution; Effect.