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2006 Michigan Compiled Laws - Act 202 of 1887


WATER POWER COMPANIES

Act 202 of 1887

AN ACT to authorize the formation of corporations for the purpose of damming, excavating, constructing and maintaining water courses with water power appurtenant thereto, for accumulating, storing, conducting, selling, furnishing and supplying upon an agreed rental, water and water power for mining, milling, manufacturing, domestic, municipal and agricultural purposes and for purposes of navigation.


History: 1887, Act 202, Imd. Eff. June 18, 1887




The People of the State of Michigan enact:

DocumentDescription
Section 486.101Water power and supply corporations; incorporators; powers.
Section 486.102Certificate; contents; recording and filing.
Section 486.103Body corporate; governing laws.
Section 486.104Board of directors; members, election, qualification.
Section 486.105Board of directors; election, notice.
Section 486.106Board of directors; majority control.
Section 486.107Capital stock; subscriptions; increase; procedure.
Section 486.108Capital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser's rights.
Section 486.109Corporate powers, liabilities and restrictions.
Section 486.110Power to construct railroads, telegraph and telephone lines; holding of realty.
Section 486.111Furnishing and use of water; rent, collection.
Section 486.112Injury to stream or property; misdemeanor, penalty.
Section 486.113Board of directors; annual report, contents.
Section 486.114Realty; purchase, holding, disposal; limitations.
Section 486.115Stockholder's liability; recovery prerequisites.
Section 486.116Shares deemed personal property; transfer.

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