Sec. 9. Any corporation other than a grand lodge formed in pursuance of this act, may erect and own such edifice, building or hall, as it shall deem proper, with convenient rooms for the meetings of lodges of the order, and for that purpose may create a capital stock of not more than 50,000 dollars, to be divided into shares of not more than 100 dollars each.
Mich. Comp. Laws § 457.509
Subordinate lodges; erection of building; capital stock, creation, shares
1887, Act 83, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.