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Michigan Compiled Laws Complete Through PA 19 of 2024
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Act 283 of 1905
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WATER POWER COMPANIES

Act 283 of 1905

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, manufacturing, conducting, using, selling, furnishing and supplying water and water power, electricity and electric power, and all and every kind of power for mining, milling, manufacturing, domestic, municipal and agricultural purposes, and for the purpose of transportation and for all other purposes in the upper peninsula of Michigan.


History: 1905, Act 283, Eff. Sept. 16, 1905




The People of the State of Michigan enact:

DocumentTypeDescription
Section 486.201SectionWater power and supply corporations in upper peninsula; incorporators; powers.
Section 486.202SectionCertificate; contents; recording and filing.
Section 486.203SectionBody corporate; governing laws.
Section 486.204SectionBoard of directors; members, election, qualifications.
Section 486.205SectionBoard of directors; election, notice.
Section 486.206SectionBoard of directors; majority control.
Section 486.207SectionCapital stock; subscriptions; increase, procedure.
Section 486.208SectionCapital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser's rights.
Section 486.209SectionCorporate powers; liabilities and restrictions.
Section 486.210SectionPower to construct railroad, telegraph and telephone lines; holding of realty.
Section 486.211SectionFurnishing and use of water or power; compensation; right to sue and be sued.
Section 486.212SectionInjury to stream or property; misdemeanor, penalty.
Section 486.213SectionBoard of directors; annual report, contents.
Section 486.214SectionRealty; purchase, holding, disposal; personal property, disposal.
Section 486.215SectionStockholder's liability; recovery prerequisites.
Section 486.216SectionShares deemed personal property; transfer.
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