by this section, make and file with the Auditor General a certificate showing the name of the village thus incorporated, a description of the land included within the limits of said village, or in case of a change of boundaries of any village a description of the land attached to or detached from such village. Approved April 13, 1911. [No. 72.] AN ACT to amend section one of 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," the same being section six thousand ninety of the Compiled Laws of eighteen hundred ninety-seven, as amended by act number two hundred sixtyfive of the public acts of eighteen hundred ninety-nine. The People of the State of Michigan enact: SECTION 1. Section one of act number two hundred five of Section the public acts of eighteen hundred eighty-seven, entitled "An amended. act to revise the laws authorizing the business of banking, and to establish a banking department for the supervision of such business," the same being section six thousand ninety of the Compiled Laws of eighteen hundred ninety-seven, as amended by act number two hundred sixty-five of the public acts of eighteen hundred ninety-rine, is hereby amended to read as follows: SEC. 1. Any number of persons not less than five, may asso- Banks, esciate to establish offices of discount and deposit to be known tablishing of. as commercial banks, and also to establish offices of loan and deposit to be known as savings banks, or to establish banks having departments for both classes of business, upon the terms and conditions, and subject to the liabilities prescribed Capital stock. in this act, but the aggregate amount of the capital stock of any such bank shall not be less than two hundred fifty thousand dollars, except that banks with a capital of not less than twenty thousand dollars may be organized in a city or village, the population of which does not exceed fifteen hundred inhabitants, and with a capital of not less than twenty-five thousand dollars in a city or village the population of which does not exceed five thousand inhabitants, and with a capital of not less than fifty thousand dollars in a city or village the population of which does not exceed twenty thou sand inhabitants, and with a capital of not less than one hun dred thousand dollars in cities having not less than one hun Proviso. Security. Not to hold Further proviso. dred and ten thousand inhabitants, in cities over one hundred and ten thousand inhabitants a capital not less than two hundred and fifty thousand dollars: Provided, That in banks having deposits exceeding five million dollars the capital shall be increased to a sum not less than four hundred thousand dollars. No bank shall take as security for any loan or discount a lien upon any part of its capital stock. The same security in kind and amount shall be required of stockholders and of persons not stockholders. No bank shall be the holder or purchaser of any portion of capital stock. its capital stock unless such purchase shall be necessary to prevent loss upon a debt previously contracted in good faith. Stock so purchased shall in no case be held by the bank for a longer time than six months, if the stock can be sold for what it cost, and it must be sold for the best price obtainable within one year, or cancelled as hereinafter provided for the reduction of capital stock: Provided further, That any bank which shall have been organized under, and shall have established a banking office subject to the terms of this act or the act hereby amended, in territory consisting of an incorporated city or village, or otherwise, which shall in whole or in part be, or which shall heretofore have been, annexed to a city, shall continue after such annexation to have the right to possess and exercise within the entire territory in which it was originally established, all the rights and powers as to capitalization, or otherwise, which it would have possessed or exercised had such annexation not taken place, but shall not have the right to remove and re-establish its banking offices at a location in the city not included within the limits of such annexed territory: Provided, however, That the restriction hereby placed upon the removal and re-establishment of such banking office shall not apply in case the capital stock of such bank at the time of such annexation, or as afterwards fixed, shall be increased to the minimum amount required for the establishment of a bank in the first instance: And provided further, That nothing in this section contained shall affect the right of any bank to maintain any office which may have been established prior to March first, nineteen hundred eleven: And provided further, That any bank located viso, reserves. in territory which shall in whole or in part be, or which shall heretofore have been annexed to a city shall maintain the same reserves as required of banks heretofore organized and doing business in such city. Proviso, removal, etc. Further proviso, prior offices. Further pro Approved April 13, 1911. [No. 73.] AN ACT to amend section eighteen of act number one hundred eighty-eight of the public acts of eighteen hundred ninety-nine, entitled "An act to provide for the taxation of inheritances, transfers of property by will, transfers of property by the intestate laws of this State, or transfers of property by deed, grant, bargain, sale or gift, made in contemplation of the death of the grantor, vendor, or donor, or intended to take effect in possession or enjoyment at or after such death," as amended by act number one hundred ninety-five of the public acts of nineteen hundred three. The People of the State of Michigan enact: SECTION 1. Section eighteen of act number one hundred Section eighty-eight of the public acts of eighteen hundred ninety- amended. nine, entitled "An act to provide for the taxation of inheritances, transfers of property by will, transfers of property by the intestate laws of this State, or transfers of property by deed, grant, bargain, sale or gift, made in contemplation of the death of the grantor, vendor, or donor, or intended to take effect in possession or enjoyment at or after such death," as amended by act number one hundred ninety-five of the public acts of nineteen hundred three, is hereby amended to read as follows: contain. SEC. 18. Each judge of probate shall, within three days Order of after he shall have determined the tax and entered the order determination. required in the preceding section, make a duly certified copy of such order upon forms furnished by the Auditor General, What to containing all the data and matter required to be entered in such book, one of which shall be immediately delivered to the county treasurer, from which data the said county treasurer shall obtain the information for making the duplicate receipt required by this act, and the other transmitted to the Auditor General. If in any calendar quarter beginning January, April, July or October first in each year, there has been no tax determined, the judge of probate shall make a report to the Auditor General affirmatively showing this fact. The register of deeds of each county shall, upon blanks pre- Register of scribed and furnished by the Auditor General, as often as deeds, report. any deed or other conveyance is filed or recorded in his office of any property which appears to have been made in contemplation of death or intended to take effect in possession or enjoyment after the death of the grantor or vendor, make what to reports in duplicate containing a statement of the name and contain. place of residence of such grantor or vendor, the name, relationship and place of residence of the grantee or vendee, and a description and the value of the property transferred and the consideration for the transfer as stated in the instrument filed or recorded, one of which duplicates shall be Property of non-resident. Petition, Attorney General to file. What to set forth. Hearing, notice of. Executor, duty of. Estate, who to represent. Powers. What determined. When not taxable. Proviso, receipts. Further proviso. immediately delivered to the county treasurer, and the other transmitted to the Auditor General. Whenever any nonresident shall die leaving property, or any interest therein, in this State which has not been duly administered under the laws of this State and it shall be necessary to have the question of the taxation of the transfer thereof determined, such question may be presented and determined upon petition to be filed by the Attorney General in any probate court of this State. The said petition shall set forth the name of the decedent; residence at time of death; the total amount of property constituting said estate; a description of and the value of all property in Michigan; and any and all such other data as may be necessary to inform the court of the facts in connection with such matter. It shall be the duty of the probate court with which such petition is filed to fix a date for hearing thereon and to give notice of such hearing in such manner as shall be prescribed. Publication of the notice of such hearing shall not be necessary unless ordered by the court. It shall be the duty of the executor, administrator, trustee or any interested party in said estate to furnish all such facts, data, information, reports and certified copies of proceedings had in connection with said estate in any other court, as shall be required by the Attorney General or directed by the probate court. The probate court shall appoint a resident of Michigan to represent the said estate at such hearing and the person so appointed shall perform such duties as shall be required by the court. The person so appointed shall have and possess all of the powers of an executor or administrator for the purposes of this section, but shall not be personally liable for any inheritance tax in said estate and shall not be required to give any bond unless so directed by the court. The said probate court shall at the hearing on said petition or at an adjourned hearing, determine whether the transfer of such property is taxable and if found taxable, he shall proceed as in all other cases to fix and determine the amount thereof. If it is found that the transfer of such property is not taxable, an order to that effect shall be entered in the said probate court. A re-determination of said order may be had and an appeal therefrom may be taken in the same manner provided for in this act. A certified copy of all such orders determining that there is no inheritance tax due and payable may be procured from the probate court upon the payment of fifty cents: Provided, That no order shall be entered in any such case until there is filed in said probate court receipts showing full payment of all expenses incurred including compensation due the person appointed to represent said estate, all of which expenses or compensation shall be paid by the executor, administrator or any person interested in said estate: Provided further, That in case it may be necessary to have any such property subjected to regular probate proceedings in this State, or if any such estate shall have been administered in this State, the right to proceed under this section shall be discretionary with the probate court. This section shall not operate to relieve any such person as is referred to in section nine of this act from the liability therein expressed until sixty days after the date of entry of the order determining that there is no tax upon the transfers in said estate, or in case a tax is determined, until proper receipts showing payment thereof have been duly signed by the State Treasurer and countersigned by the Auditor General. Approved April 13, 1911. [No. 74.] AN ACT to provide for the appointment of deputies by certain county officers, and for fixing their salaries. The People of the State of Michigan enact: of, in certain SECTION 1. In all counties of this State having a popula- Deputies, tion of more than fifty thousand where it is provided by law appointing that the county treasurer, county clerk and register of deeds counties. shall receive salaries in lieu of fees, each of said officers may appoint a deputy or deputies who may perform all the official acts which the officer making such appointment might legally do, and who shall be paid therefor from the general fund of the county, such salaries as the board of supervisors of the county shall determine. acts. SEC. 2. All acts or parts of acts inconsistent with the Conflicting provisions of this act are hereby repealed. Approved April 13, 1911. [No. 75.] AN ACT making appropriations for the Michigan Reformatory for current expenses and for special purposes, for the fiscal years ending June thirty, nineteen hundred twelve. and June thirty, nineteen hundred thirteen. The People of the State of Michigan enact: SECTION 1. There is hereby appropriated out of any Appropriamoneys in the State treasury not otherwise appropriated for tion. the use of the Michigan Reformatory for the fiscal year ending June thirty, nineteen hundred twelve, the sum of three |