Sec. 3.
A copy of said articles of association, together with a copy of the charter and constitution of said grand temple, shall be filed with the corporation and securities bureau of the department of commerce, and thereupon the persons who shall have signed such articles of association, their associates and successors, shall be a body politic and corporate by the name expressed in such articles of association, and by that name they and their successors shall have succession, and shall be persons in the law, capable to purchase, take, receive, hold, and enjoy, to them and their successors, estates, real and personal, of suing and being sued, and to have a common seal, which may be altered or changed at their pleasure; Provided, That the value of such real and personal estate shall not exceed the sum of $100,000.00, but such property, both real and personal, shall be subject to assessment and taxation for all purposes as other property is assessed and taxed, and that they and their successors shall have power to give, grant, sell, lease, demise, and dispose of said real and personal estate, or part thereof, at their will and pleasure, and the proceeds, rents, and incomes shall be devoted exclusively to the charitable and benevolent purposes of the grand temple Rathbone Sisters. Said corporation shall have full power to make and establish rules, regulations, and bylaws for regulating and governing all the affairs and business of said corporation not repugnant to the constitution and laws of this state or of the United States, and to designate, elect, or appoint from its members such officers, under such name and style as shall be in accordance with the constitution of the supreme temple of the world.
History: 1895, Act 208, Imd. Eff. May 24, 1895 ;-- CL 1897, 8012 ;-- CL 1915, 10484 ;-- CL 1929, 10805 ;-- CL 1948, 457.653 ;-- Am. 1982, Act 115, Imd. Eff. Apr. 19, 1982