Sec. 5.
The stockholders, each of whom shall be entitled to 1 vote for each share of stock held by him, may elect from their number a board of trustees, not less than 6 nor more than 9 members, a majority of whom shall form a quorum, and the trustees shall appoint from their own number a president, secretary and treasurer, who shall perform the duties of their offices in accordance with the rules and regulations which may be prescribed by the board of trustees.
History: 1897, Act 256, Imd. Eff. June 2, 1897 ;-- CL 1897, 7987 ;-- CL 1915, 10431 ;-- CL 1929, 10646 ;-- CL 1948, 457.295
Structure Michigan Compiled Laws
Chapter 457 - Fraternal Associations
Act 256 of 1897 - White Shrine of Jerusalem (457.291 - 457.297)
Section 457.291 - White Shrine of Jerusalem; Incorporation.
Section 457.292 - Articles of Association; Execution, Contents.
Section 457.294 - Building; Capital Stock; Property, Holding and Disposition; Taxation; Cemetery.
Section 457.295 - Board of Trustees; Election, Quorum, Officers.
Section 457.296 - Board of Trustees; Powers.
Section 457.297 - Powers of Corporation; Property, Holding, Disposition.