MCL - Act 202 of 1887
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
| Document | Type | Description |
|---|---|---|
| Section 486.101 | Section | Water power and supply corporations; incorporators; powers. |
| Section 486.102 | Section | Certificate; contents; recording and filing. |
| Section 486.103 | Section | Body corporate; governing laws. |
| Section 486.104 | Section | Board of directors; members, election, qualification. |
| Section 486.105 | Section | Board of directors; election, notice. |
| Section 486.106 | Section | Board of directors; majority control. |
| Section 486.107 | Section | Capital stock; subscriptions; increase; procedure. |
| Section 486.108 | Section | Capital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser's rights. |
| Section 486.109 | Section | Corporate powers, liabilities and restrictions. |
| Section 486.110 | Section | Power to construct railroads, telegraph and telephone lines; holding of realty. |
| Section 486.111 | Section | Furnishing and use of water; rent, collection. |
| Section 486.112 | Section | Injury to stream or property; misdemeanor, penalty. |
| Section 486.113 | Section | Board of directors; annual report, contents. |
| Section 486.114 | Section | Realty; purchase, holding, disposal; limitations. |
| Section 486.115 | Section | Stockholder's liability; recovery prerequisites. |
| Section 486.116 | Section | Shares deemed personal property; transfer. |