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2006 Michigan Compiled Laws - Act 149 of 1869


RIVER IMPROVEMENT COMPANIES

Act 149 of 1869

AN ACT to authorize the formation of corporations for the purpose of improving the navigation of rivers.


History: 1869, Act 149, Imd. Eff. Apr. 5, 1869




The People of the State of Michigan enact:

DocumentDescription
Section 485.101Corporations to improve on rivers; formation; tolls.
Section 485.102Corporations to improve on rivers; certificate, contents, acknowledgment, recording, filing.
Section 485.103Body corporate; powers; governing law.
Section 485.104Improvement of streams; consent of governor and attorney general.
Section 485.105Map or plan; application for approval; hearing, procedure, approval; alteration of plan.
Section 485.106Directors; powers, election, term, vacancy, qualification.
Section 485.107Directors; calling of election.
Section 485.108Directors; majority control.
Section 485.109Directors; president; treasurer; selection, vacancy.
Section 485.110President and directors; powers.
Section 485.111Subscriptions; increase in capital stock, certificate, filing.
Section 485.112Subscriptions; calling in; sale, procedure, purchaser's rights.
Section 485.113Corporate powers.
Section 485.114Tolls; forfeiture of right to collect.
Section 485.115Tolls; power of board to fix; jurisdiction of corporation; annual statement, contents.
Section 485.116Tolls; improved streams open to all.
Section 485.117Tolls; collection.
Section 485.118Lien on floatables; sale, procedure.
Section 485.119Stream to be kept in repair; forfeiture.
Section 485.120Injury to stream or property; penalty.
Section 485.121Log jam; power to break, lien for cost.
Section 485.122Lien; enforcement.
Section 485.123Lien on floatables; owner unknown or without jurisdiction of court.
Section 485.124Annual report; contents.
Section 485.125Taxation.
Section 485.126Stockholder's liability; recovery prerequisites.
Section 485.127Shares deemed personalty; transfer.
Section 485.129Governing laws.

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