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Any fifteen or more teachers, or other persons residing in the state, who shall associate for the purpose of promoting education and science and improvements in the theory and practice of teaching, may form themselves into a corporation under such name as they may choose, providing they shall have published in some newspaper printed at Lansing or in the county in which such association is to be located, for at least one month previous, a notice of the time, place, and purpose of the meeting for such association, and shall file in the office of the secretary of state a copy of the constitution and by-laws of said association (4385).

Such association may hold and possess real and personal property to the amount of five thousand dollars, but the funds or property thereof shall not be used for any other purpose than the legitimate business of the association in securing the objects of its corporation (4386).

Upon becoming a corporation, they shall have all the powers and privileges and be subject to all the duties of a corporation (4387).

A teacher&rsquo;s contract must be in writing, and must state the wages agreed upon and the length of the term. The teacher must be required to keep a correct list of the pupils and the age of each attending the school. He shall keep a record of the number of days each pupil is present, and furnish to the director a correct copy of the same at the close of the school.

The contract must be filed with the director and a duplicate copy furnished to the teacher (5065).