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2019 Michigan Compiled Laws
Chapter 486 - Water and Power Companies
Act 202 of 1887 Water Power Companies (486.101 - 486.116)
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
- Section 486.101 Water Power and Supply Corporations; Incorporators; Powers.
- Section 486.102 Certificate; Contents; Recording and Filing.
- Section 486.103 Body Corporate; Governing Laws.
- Section 486.104 Board of Directors; Members, Election, Qualification.
- Section 486.105 Board of Directors; Election, Notice.
- Section 486.106 Board of Directors; Majority Control.
- Section 486.107 Capital Stock; Subscriptions; Increase; Procedure.
- Section 486.108 Capital Stock; Subscriptions, Calling In; Sale, Procedure, Proceeds; Purchaser's Rights.
- Section 486.109 Corporate Powers, Liabilities and Restrictions.
- Section 486.110 Power to Construct Railroads, Telegraph and Telephone Lines; Holding of Realty.
- Section 486.111 Furnishing and Use of Water; Rent, Collection.
- Section 486.112 Injury to Stream or Property; Misdemeanor, Penalty.
- Section 486.113 Board of Directors; Annual Report, Contents.
- Section 486.114 Realty; Purchase, Holding, Disposal; Limitations.
- Section 486.115 Stockholder's Liability; Recovery Prerequisites.
- Section 486.116 Shares Deemed Personal Property; Transfer.
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