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2019 Michigan Compiled Laws
Chapter 486 - Water and Power Companies
Act 232 of 1863 Water Power Companies (486.1 - 486.22)
AN ACT to provide for the incorporation of water power companies.
History: 1863, Act 232, Eff. June 22, 1863
- Section 486.1 Water Power Companies; Incorporators; Notice of Formation; Articles of Association, Contents.
- Section 486.2 Articles of Association; Signing, Filing, Evidence; Body Corporate, Powers.
- Section 486.3 Board of Directors; Annual Election, Notice; Officers, Treasurer's Bond; Vacancy.
- Section 486.4 Membership in Association; Procedure, Rights.
- Section 486.5 Repairs; Permanent Improvements, Approval of Members; Expense.
- Section 486.6 Repairs; Statement, Filing, Contents.
- Section 486.7 Assessment for Repairs or Improvements.
- Section 486.8 Assessment; Collection; Non-Payment, Use of Water Prohibited.
- Section 486.9 Assessment; Notice to Non-Resident.
- Section 486.10 Assessment; Mortgage Lien; Preference.
- Section 486.11 Mortgage Lien; Certificate, Contents, Recording.
- Section 486.12 Mortgage Lien; Foreclosure.
- Section 486.13 Mortgage Lien; Commencement of Suit After 60 Days.
- Section 486.14 Meetings of Members of Associations; Notice, Proof of Service, Filing.
- Section 486.15 Watchman; Appointment, Duties, Compensation.
- Section 486.16 Contracts Made by Board of Directors.
- Section 486.17 Treasurer; Duties.
- Section 486.18 Assessment; Recovery, Interest.
- Section 486.19 Disposition of Funds at Annual Meeting.
- Section 486.20 By-Laws of Association; Regulations, Promulgation, Publishing, Enforcement; Meetings.
- Section 486.21 Stockholder's Liability.
- Section 486.22 Tenants in Common; Consent for Improvements and Repairs, Liability.
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