MCL - Act 232 of 1863
AN ACT to provide for the incorporation of water power companies.
History: 1863, Act 232, Eff. June 22, 1863
| Document | Type | Description |
|---|---|---|
| Section 486.1 | Section | Water power companies; incorporators; notice of formation; articles of association, contents. |
| Section 486.2 | Section | Articles of association; signing, filing, evidence; body corporate, powers. |
| Section 486.3 | Section | Board of directors; annual election, notice; officers, treasurer's bond; vacancy. |
| Section 486.4 | Section | Membership in association; procedure, rights. |
| Section 486.5 | Section | Repairs; permanent improvements, approval of members; expense. |
| Section 486.6 | Section | Repairs; statement, filing, contents. |
| Section 486.7 | Section | Assessment for repairs or improvements. |
| Section 486.8 | Section | Assessment; collection; non-payment, use of water prohibited. |
| Section 486.9 | Section | Assessment; notice to non-resident. |
| Section 486.10 | Section | Assessment; mortgage lien; preference. |
| Section 486.11 | Section | Mortgage lien; certificate, contents, recording. |
| Section 486.12 | Section | Mortgage lien; foreclosure. |
| Section 486.13 | Section | Mortgage lien; commencement of suit after 60 days. |
| Section 486.14 | Section | Meetings of members of associations; notice, proof of service, filing. |
| Section 486.15 | Section | Watchman; appointment, duties, compensation. |
| Section 486.16 | Section | Contracts made by board of directors. |
| Section 486.17 | Section | Treasurer; duties. |
| Section 486.18 | Section | Assessment; recovery, interest. |
| Section 486.19 | Section | Disposition of funds at annual meeting. |
| Section 486.20 | Section | By-laws of association; regulations, promulgation, publishing, enforcement; meetings. |
| Section 486.21 | Section | Stockholder's liability. |
| Section 486.22 | Section | Tenants in common; consent for improvements and repairs, liability. |