Michigan official directory and legislative manual for the years .. . p; S. Association, 30Mich. 511; Detroit St. R. v. Guthard, 51 Mich. 180; Mason , 73 Mich. 303; Isle Royal, etc., Cor. v. Osmun, 76 ; Kent Co. Ag. So. v. Houseman, 81 Mich. 609; Bissell , 98 Mich. 472; Stimson v. Muskegon Booming Co., 100Mich. 347; Woodmere Cemetery v. Roulo, 104 Mich. 596. Attor-ney General v. Looker, 111 Mich. 501; Smith v. L. S. & M. S. , 114 Mich. 460; Pingree v. Mich. Cen. Ry. Co., 118 Mich. 314.(y) Sec. 2. No general banking law shall have effect until thesame shall, after
Michigan official directory and legislative manual for the years .. . p; S. Association, 30Mich. 511; Detroit St. R. v. Guthard, 51 Mich. 180; Mason , 73 Mich. 303; Isle Royal, etc., Cor. v. Osmun, 76 ; Kent Co. Ag. So. v. Houseman, 81 Mich. 609; Bissell , 98 Mich. 472; Stimson v. Muskegon Booming Co., 100Mich. 347; Woodmere Cemetery v. Roulo, 104 Mich. 596. Attor-ney General v. Looker, 111 Mich. 501; Smith v. L. S. & M. S. , 114 Mich. 460; Pingree v. Mich. Cen. Ry. Co., 118 Mich. 314.(y) Sec. 2. No general banking law shall have effect until thesame shall, after its passage, be submitted to a vote of the electors ofthe state at a general election and be approved by a majority of thevotes cast thereon at such election. Bissell v. Heath, 98 Mich. 472. (w) As amended by joint resolution No. 1, extra session 1900; rati-fied November election 1900. (oc) As amended by joint resolution No. 17, laws of 1861, p. 589; rati-fied election 1862. (y) As amended by joint resolution No. 17, laws of 1861, p. 589;ratified election ART. XV. CONSTITUTION OF MICHIGAN. 4H (as) Sec. 3. The officers and stockholders of every corporation or Liability ofassociation for banking purposes, issuing bank notes or paper credits stockholders-to circulate as money, shall be individually liable for all debts con-tracted during the term of their being officers or stockholders of suchcorporation or association, equally and ratably to the extent of theirrespective shares of stock in any such corporation or v. Broas et al., 79 N. W. R. 697. (?/) Sec 4. For all banks organized under general laws, the legis- Registry oflature shall provide for the registry of all bills or notes issued or put bllls njtesin circulation as money, and shall require security to the full amount Securityof notes and bills so registered, in state or United States stocks bear- re<iuired-ing interest, which shall be deposited with the state treasurer for theredemption of su
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