2010 Michigan Compiled Laws
Chapter 486 - WATER AND POWER COMPANIES
Act 113 of 1869 - WATERWORKS (486.301 - 486.318)
Section 486.314 - Officers of company; designation, election, bonding.
WATERWORKS (EXCERPT)Act 113 of 1869
486.314 Officers of company; designation, election, bonding.
Sec. 14.
The officers of such company shall be a president, who also shall be a director, a secretary, a treasurer, and such other officers, agents and servants, as the board of directors shall deem necessary for the transaction of the business of the company; such officers shall be elected annually, by the directors, and may be required to give bonds, with penalty and sureties, to the approval of the board of directors.
History: 1869, Act 113, Imd. Eff. Apr. 3, 1869
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CL 1871, 3368
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How. 3123
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CL 1897, 8513
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CL 1915, 11295
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CL 1929, 11888
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CL 1948, 486.314
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