2006 Michigan Compiled Laws - Act 35 of 1867

STREET RAILWAY COMPANIES
Act 35 of 1867
AN ACT to provide for the formation of street railway companies, defining their powers and duties and authorizing the construction, use, maintenance and ownership of street railways for the transportation of passengers, and for accumulating, storing, manufacturing, conducting, using, selling, furnishing and supplying electricity and electric power, by such companies.

History: 1867, Act 35, Imd. Eff. Mar. 5, 1867 ;--Am. 1919, Act 179, Eff. Aug. 14, 1919

The People of the State of Michigan enact:

Document	Description
Section 472.1	Street railway companies; organization.
Section 472.2	Street railway companies; incorporators, name.
Section 472.3	Articles; contents, signing, acknowledgement.
Section 472.4	Articles; filing, prerequisites; body corporate, powers; certified copy as evidence.
Section 472.5	Capital stock, common and preferred; directors, powers, election; insolvency, application of assets.
Section 472.6	Directors; number, election, vacancy, term, qualifications.
Section 472.7	Directors; calling of election.
Section 472.8	Directors; quorum.
Section 472.9	Directors; officers; selection, term, vacancy.
Section 472.10	President and directors; powers.
Section 472.11	Shares of stock; payment of subscription, forfeiture.
Section 472.12	Shares of stock; status as personalty; transfer; subscriptions; issuance for part payment.
Section 472.13	Street railway, consent to construction and maintenance; condemnation, procedure, minerals; generation and sale of electric power.
Section 472.14	Street railway, consent to construction and maintenance; acceptance by company; revocation.
Section 472.15	Property and franchises; power to purchase, sell, lease and convey; motor vehicles, operation, restrictions; acquisition of capital stock.
Section 472.16	Borrowing power; bonds and mortgages, issuance.
Section 472.17	Street grades; conformance by company; change.
Section 472.18	Laying of track; roadbed repair.
Section 472.19	Municipalities; authority to establish street rules.
Section 472.20	Fares; agreement with municipality, increase.
Section 472.22	Stockholder's liability.
Section 472.23	Director's or stockholder's liability for declaration or receipt of dividend when company is insolvent.
Section 472.24	Suit against stockholder; prerequisites; subrogation; contribution.
Section 472.25	Annual report; contents.
Section 472.27	Ceasing to be body corporate.
Section 472.28	Injury to railway property; penalty.
Section 472.29	Existing companies; powers, rights and liabilities.
Section 472.30	Street railways to be organized under act; laws governing.
Section 472.31	Precedence at railway crossing.
Section 472.31a	Elevated railways.
Section 472.32	Cars to stop at railroad crossing; exception; penalty.
Section 472.34	Express and light freight; carriage, time of operation.
Section 472.35	Control by commissioner of railroads.
Section 472.36	Obstruction of track; penalty.

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