Sec. 5.
The trustees of such corporation, when thereunto authorized, by majority vote of the members of such corporation voting thereon at any annual meeting, or any special meeting called expressly for that purpose, by a general by-law, adopted and recorded, may sell, mortgage, give, grant, convey and lease said lands or any part or portion thereof, upon such terms and subject to such reservations and restrictions as may be deemed advisable.
History: 1929, Act 137, Eff. Aug. 28, 1929 ;-- CL 1929, 10367 ;-- CL 1948, 455.205
Structure Michigan Compiled Laws
Chapter 455 - Summer Resort and Park Associations
Act 137 of 1929 - Incorporation of Summer Resort Owners (455.201 - 455.220)
Section 455.201 - Summer Resort Owners; Incorporation, Purpose.
Section 455.202 - Articles of Association; Contents.
Section 455.204 - Corporate Powers and Liabilities; Property Ownership, Limitation.
Section 455.205 - Property; Sale and Disposition, Proceedings.
Section 455.206a - Election and Registration; Notice.
Section 455.206b - Registration Board; Appointment, Duties.
Section 455.206c - Election; Voters, Eligibility.
Section 455.206d - Election Board; Polls, Hours Open.
Section 455.206e - Election; Adoption of Resolution, Record.
Section 455.207 - Members; Grant of Authority, Procedure.
Section 455.208 - Annual Meeting; Trustees, Election, Report.
Section 455.209 - Board of Trustees; Officers, Quorum, Vacancy.
Section 455.210 - Board of Trustees; Powers.
Section 455.211 - Corporate Jurisdiction; Liability for Condition of Streets.
Section 455.212 - By-Laws; Enactment, Authority of Board of Trustees.
Section 455.213 - By-Laws; Effective Date, Posting.
Section 455.214 - By-Laws; Violation, Penalty.
Section 455.215 - Marshal; Powers, Compensation, Removal.
Section 455.216 - Marshal; Authority Over Person Arrested.
Section 455.217 - Public Utilities; Corporate Authority.
Section 455.218 - Lands Owned by Corporation; Annexation to City.
Section 455.219 - Members; Dues and Assessments.
Section 455.220 - Corporate Term of Existence; Expiration; Cessation of Jurisdiction.