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2019 Michigan Compiled Laws
Chapter 486 - Water and Power Companies
Act 113 of 1869 Waterworks (486.301 - 486.318)
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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