Section amended.

[No. 45.]

AN ACT to amend section one of act number sixty-one of the Public Acts of nineteen hundred eleven, entitled "An act in relation to the division of or changing of boundaries of primary school districts," and to add a new section to stand as section two.

The People of the State of Michigan enact:

SECTION 1. Act number sixty-one of the Public Acts of nineteen hundred eleven, entitled "An act in relation to the division of or changing of boundaries of primary school districts," is hereby amended by amending section one, and by Section added. adding a new section thereto to stand as section two, said amended section and said added section to read as follows:

Boundaries, change of.

Consolidation.

Proviso, referendum.

SEC. 1. Hereafter the township board of any township may divide or change the boundaries of any primary school district regardless of whether such school district was formed or created under the general school law, or under any local act or special law in accordance with the same rules and in such manner as is prescribed for the formation and alteration of school districts. In those instances in which the school district lies in more than one township, such action shall be taken at a joint meeting of the boards of the various townships interested.

SEC. 2. Hereafter the township board of any township may consolidate school districts regardless of whether such school districts were formed or created under the general school law or created under any local or special law in accordance with the same rules and in such manner as is prescribed for the formation and alteration of school districts. In those instances in which the school districts lie in more than one township, such action shall be taken at a joint meeting of the boards of the various townships interested: Provided, That two or more districts shall not be consolidated, unless such consolidation is approved by a majority vote of the electors voting at an annual meeting in each district affected.

Approved April 9, 1913.

[No. 46.]

AN ACT to amend section five of act number one hundred ninety-six of the Public Acts of nineteen hundred nine, entitled "An act to establish a Board of Commissioners for the Promotion of Uniformity of Legislation in the United States."

The People of the State of Michigan enact:

SECTION 1. Section five of act number one hundred ninety- Section six of the Public Acts of nineteen hundred nine, entitled "An amended. act to establish a Board of Commissioners for the Promotion of Uniformity of Legislation in the United States" is amended to read as follows:

SEC. 5. No member of said board shall receive any com- Compensation. pensation for his services, but the board may annually draw a sum not exceeding five hundred dollars for the actual traveling and other necessary expenses incurred by its members in the discharge of their official duties, and for the expenses incurred in drafting uniform laws, and for printing and clerical expenses incurred by the conference of commissioners from the several states in the prosecution of their work; the vouchers therefor to be audited by the said board and by the vouchers, Board of State Auditors, and said board shall keep a full audit. account of its expenditures.

Approved April 9, 1913.

[No. 47.]

AN ACT to amend section one of act number two hundred of the Public Acts of nineteen hundred five, entitled "An act to provide for the compulsory education of children, for penalties for failure to comply with the provisions of this act, and to repeal all acts or parts of acts conflicting with the provisions of the same," as amended by act numher seventy-four of the Public Acts of nineteen hundred

seven.

The People of the State of Michigan enact:

SECTION 1. Section one of act number two hundred of the Section Public Acts of nineteen hundred five, entitled "An act to amended. provide for the compulsory education of children, for penalties for failure to comply with the provisions of this act, and to repeal all acts or parts of acts conflicting with the provisions of the same," as amended by act number seventy-four

Children of certain ages required to

of the Public Acts of nineteen hundred seven, is hereby amended to read as follows:

SEC. 1. Every parent, guardian or other person in the State of Michigan, having control and charge of any child attend school. between the ages of seven and sixteen years, shall be required to send such child to the public schools during the entire school year, and such attendance shall be continuous and consecutive for the school year fixed by the district in which such parent, guardian or other person in parental relation may reside: Provided, That in the following cases children shall not be required to attend the public schools:

Proviso.

Exceptions.

Proviso.

Proviso,

employment permit.

(a) Any child who is being taught in a private or parochial school such branches as are usually taught in the public schools to children of corresponding age, or who, upon the completion of the work in such schools, shall present satisfactory evidence to the county commissioner of schools, and in appropriate cases, to the superintendent of schools, that he has completed sufficient work to entitle him to an eighth grade diploma;

(b) Any child who has received an eighth grade diploma from the public schools;

(c) Any child who is physically unable to attend school. If the truant officer is notified of the non-attendance of any child at school, and he shall find the one in parental control claiming that such child is physically unable to attend school, the truant officer may secure a written statement of a competent physician, certifying that such child is physically unable to attend school;

(d) Children over fourteen years of age whose services are essential to the support of their parents may be excused by the county commissioner of schools or city superintendent of schools from attendance at school, on the recommendation of the board of education of the district in which such children reside, and said board shall certify to the officers herein mentioned the facts in all such cases;

(e) Children under nine years of age, whose parents do not reside within two and one-half miles, by the nearest traveled road, of some public school: Provided, That if transportation is furnished for pupils in said district, this exemption shall not apply;

(f) Any child twelve to fourteen years of age while in at tendance at confirmation classes conducted for a period of not to exceed five months in either of said years: Provided, however, That any child claiming exemption from attending school under subdivisions (a) or (b) hereof, shall secure such permit as may be required under the statutes of Michigan covering the employment of minors, and shall be regularly employed at some lawful work if physically able to do so. Approved April 10, 1913

[No. 48.]

AN ACT to amend act number two hundred five of the Public Acts of eighteen hundred eighty-seven, entitled "An act to revise the laws authorizing the business of banking, and to establish a Banking Department for the supervision of such business," as amended, the same being chapter one hundred sixty-one of the Compiled Laws of eighteen hundred ninety-seven, by adding a new section thereto providing for the fixing of the price at which the increase of capital stock may be sold, which section is to stand as section ten-a of said act.

The People of the State of Michigan enact:

SECTION 1. Act number two hundred. five of the Public Section added. Acts of eighteen hundred eighty-seven, entitled "An act to revise the laws authorizing the business of banking, and to establish a Banking Department for the supervision of such business," as amended, is hereby amended by adding thereto one new section to stand as section ten-a, and to read as follows:

SEC. 10-a. The amount of the capital stock and the num- Capital stock, ber of shares of every corporation organized under this act etc., may be increased, etc. may be increased or diminished at any annual meeting of the stockholders, or at a special meeting expressly called for that purpose, by a vote of two-thirds of the capital stock of the corporation. In voting upon the increase of the capital stock, the stockholders shall have power, by the same statutory majority, to fix the value of, and the price at which the increase of the capital stock shall be subscribed and paid for by the stockholders, but not less than par, as well as the time and manner of the subscription and payment, and by the same vote to authorize the directors of the corporation to sell, at not less than the price so fixed, any part of such increase not subscribed by the stockholders, after they have had a reasonable opportunity to make subscription of their proportionate shares thereof; and to make provision for calling in and cancelling the old and issuing new certificates of stock; but nothing herein contained shall in any way operate to discharge any corporation which may diminish its capital stock, from any obligation or demand that may be due from. said corporation: Provided, That no increase or reduction Proviso. of said capital stock shall be made except in accordance with the provisions of section ten of said act.

Approved April 10, 1913.

Section amended.

Mortgage, etc., loans, limit.

Exception.

[No. 49.]

AN ACT to amend section twenty-three of act number two hundred five of the Public Acts of eighteen hundred eightyseven, entitled "An act to revise the laws authorizing the business of banking, and to establish a Banking Department for the supervision of such business," approved June twenty-one, eighteen hundred eighty-seven, being section six thousand one hundred twelve of the Compiled Laws of eighteen hundred ninety-seven, to permit the loaning of fifty per cent of the surplus of any commercial bank upon real estate mortgages.

The People of the State of Michigan enact:

SECTION 1. Section twenty-three of act number two hun dred five of the Public Acts of eighteen hundred eighty-seven, entitled “An act to revise the laws authorizing the business of banking, and to establish a Banking Department for the supervision of such business," approved June twenty-one, eighteen hundred eighty-seven, being section six thousand one hundred twelve of the Compiled Laws of eighteen hundred ninety-seven, is hereby amended to read as follows:

SEC. 23. Any bank which by its articles of incorporation shall designate its business as that of a commercial bank, shall have power to carry on the business of banking as prescribed and limited in this act, but it shall not lend to exceed fifty per cent of its capital stock and surplus upon mortgage or any other form of real estate security, and then only upon the adoption of a resolution by a two-thirds vote of the board of directors stating to what extent its officers may loan on real estate, as herein provided, except to secure a debt previously contracted in good faith on personal security deemed at the time adequate to secure such loan.

Approved April 10, 1913.