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2006 Michigan Compiled Laws - Act 283 of 1905


WATER POWER COMPANIES

Act 283 of 1905

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, manufacturing, conducting, using, selling, furnishing and supplying water and water power, electricity and electric power, and all and every kind of power for mining, milling, manufacturing, domestic, municipal and agricultural purposes, and for the purpose of transportation and for all other purposes in the upper peninsula of Michigan.


History: 1905, Act 283, Eff. Sept. 16, 1905




The People of the State of Michigan enact:

DocumentDescription
Section 486.201Water power and supply corporations in upper peninsula; incorporators; powers.
Section 486.202Certificate; contents; recording and filing.
Section 486.203Body corporate; governing laws.
Section 486.204Board of directors; members, election, qualifications.
Section 486.205Board of directors; election, notice.
Section 486.206Board of directors; majority control.
Section 486.207Capital stock; subscriptions; increase, procedure.
Section 486.208Capital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser's rights.
Section 486.209Corporate powers; liabilities and restrictions.
Section 486.210Power to construct railroad, telegraph and telephone lines; holding of realty.
Section 486.211Furnishing and use of water or power; compensation; right to sue and be sued.
Section 486.212Injury to stream or property; misdemeanor, penalty.
Section 486.213Board of directors; annual report, contents.
Section 486.214Realty; purchase, holding, disposal; personal property, disposal.
Section 486.215Stockholder's liability; recovery prerequisites.
Section 486.216Shares deemed personal property; transfer.

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