Sec. 7.
Any corporation formed in pursuance of this act may erect and own such suitable edifice, building or hall, as such corporation shall seem proper, with convenient rooms for the meetings of the councils of the order of Royal Arcanum, and for that purpose may create a capital stock of not more than 10,000 dollars, to be divided into shares of not more than 10 dollars each.
History: 1879, Act 130, Imd. Eff. May 31, 1879 ;-- How. 4571 ;-- CL 1897, 8023 ;-- CL 1915, 10495 ;-- CL 1929, 10700 ;-- CL 1948, 457.437
Structure Michigan Compiled Laws
Chapter 457 - Fraternal Associations
Act 130 of 1879 - Royal Arcanum (457.431 - 457.439)
Section 457.431 - Grand Council of Royal Arcanum; Incorporation.
Section 457.432 - Incorporators; Articles of Association, Execution, Contents.
Section 457.433 - Articles, Charter and Constitution; Filing; Body Corporate, Powers.
Section 457.434 - Articles; Certified Copy as Evidence.
Section 457.435 - Subordinate Councils; Chartering; Existing Councils; Regulation.
Section 457.437 - Erection of Building; Capital Stock, Creation, Shares.