There is a newer version of the Michigan Compiled Laws
2010 Michigan Compiled Laws
Chapter 486 - WATER AND POWER COMPANIES
Act 113 of 1869 - WATERWORKS (486.301 - 486.318)
WATERWORKSAct 113 of 1869
AN ACT to authorize the formation of companies for the introduction of water into towns, cities and villages, in the state of Michigan.
History: 1869, Act 113, Imd. Eff. Apr. 3, 1869
- Section 486.301 - Waterworks in municipalities; incorporators; powers.
- Section 486.302 - Certificate; contents, filing and recording; body corporate, name.
- Section 486.303 - Corporate power to hold property.
- Section 486.304 - Capital stock; fixed amount, increase.
- Section 486.305 - Officers; election, term, powers; quorum of stockholders; right to vote.
- Section 486.306 - Corporate powers.
- Section 486.307 - Acquisition and use of lands for purposes of act; survey and map, signing, filing; right of entry.
- Section 486.308 - Condemnation proceedings.
- Section 486.309 - Stock deemed personal property; certificates of stock, transfer; report to assessing officer.
- Section 486.310 - Capital stock; subscriptions, calling in; sale, procedure, proceeds; rights of purchaser.
- Section 486.311 - Stockholder's liability; recovery prerequisites; contribution to creditor.
- Section 486.312 - Contract between municipality and company; obligations.
- Section 486.313 - Stockholders; annual and special meetings.
- Section 486.314 - Officers of company; designation, election, bonding.
- Section 486.315 - Ordinances of common council; granting use of public property; rates of compensation.
- Section 486.316 - Purchase of corporate rights and property by municipality; arbitration.
- Section 486.317 - Municipality as stockholder; issuance of bonds, interest rate limit, tax levy; certain corporations as stockholders.
- Section 486.318 - Company fully organized; qualification, powers, financial arrangements.
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