Sec. 6. Any corporations formed in pursuance of this act may erect and own such suitable edifices, buildings or halls as such corporation shall deem necessary, with convenient rooms, for the meeting of said society, and for that purpose may create a capital stock of not more than 60,000 dollars, to be divided into shares of not more than 25 dollars each.
Mich. Comp. Laws § 457.6
Erection of buildings; capital stock, creation, shares
1871, Act 134, Imd
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.