reglab/housing_qa huggingface dataset:
MI Comp L § 486.306 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 113 of 1869 - Waterworks (486.301 - 486.318)|Section 486.306 - Corporate Powers.

486.306 Corporate powers. Sec. 6.  Any corporation formed under this act shall have power to introduce water into any town, city or village in the state named in their articles of incorporation, and where the said corporation is located, for public or private buildings or for other purposes; and for that purpose they are authorized and empowered to acquire and hold real estate in such town, city or village, or contiguous thereto, if necessary, and to erect and maintain all necessary and convenient buildings, fixtures, machinery, and other appurtenances, incident or necessary, and to lay water pipes in and through the streets, avenues, lanes, alleys or squares of said city, town or village, with the consent of the municipal authorities of the city, town or village, under such reasonable regulations as they may prescribe; and to make all ordinances and by-laws necessary and proper to carry into effect the foregoing powers; said corporation by their directors, agents, servants, or other persons employed, may enter upon the lands of any person or persons which may be necessary for said purposes, and may take the water from any springs, ponds, rivers, fountains or streams and divert and conduct the same to said city, and may lay and construct any pipes, conduits, aqueducts, wells, reservoirs or other works or machinery necessary or proper, and authorized for said purposes, upon any lands or property entered upon, purchased, taken or held. Said corporation may, as aforesaid, enter upon any lands, streets, highways, lanes, alleys, public squares through which they deem it proper to carry water from said springs, ponds, rivers, fountains, streams, and reservoirs, and lay and construct any pipes, conduits, aqueducts and other works for said purposes, leaving said lands, streets, highways, lanes or public squares in the same condition, as nearly as may be, as they were before said entry; but the said company shall not, within the bounds of such city, town or village, lay and construct said pipes, conduits, aqueducts and other works through any private garden, courtyard or building-lot, without the written consent of the owner thereof. History: 1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3360 ;-- How. 3115 ;-- CL 1897, 8505 ;-- CL 1915, 11287 ;-- CL 1929, 11880 ;-- CL 1948, 486.306
MI Comp L § 486.307 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 113 of 1869 - Waterworks (486.301 - 486.318)|Section 486.307 - Acquisition and Use of Lands for Purposes of Act; Survey and Map, Signing, Filing; Right of Entry.

486.307 Acquisition and use of lands for purposes of act; survey and map, signing, filing; right of entry. Sec. 7.  Before entering, taking or using any lands for the purposes of this act, the directors of the company shall cause a survey and map to be made of the lands intended to be taken, or entered upon for any of said purposes, and by which the lands of said owners or occupants intended to be taken or used shall be designated, and which map shall be signed, by the surveyor or engineer making the same, and by the president of said company, and be filed in the office of the clerk of the county. The company, by any 2 of its officers, agents or servants, may enter upon any lands for the purpose of making any examination and for the purpose of making said survey and map. History: 1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3361 ;-- How. 3116 ;-- CL 1897, 8506 ;-- CL 1915, 11288 ;-- CL 1929, 11881 ;-- CL 1948, 486.307
MI Comp L § 486.308 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 113 of 1869 - Waterworks (486.301 - 486.318)|Section 486.308 - Condemnation Proceedings.

486.308 Condemnation proceedings. Sec. 8.  In case said company cannot agree with the owners or occupants of any lands or water, intended to be taken or used as aforesaid, for the purchase thereof, said company may, for the purpose of acquiring the necessary title and right to said lands or water, present a petition to the circuit court of the county where the company is located, at any term thereof, or during the vacation of the term, to any judge of a court or record, praying for the appointment of 3 commissioners; and such proceedings shall be had upon said petition as are prescribed in the act to provide for the incorporation of railroad companies, being chapter 67 of the Compiled Laws, for the purpose of acquiring such title or right, except that the said circuit court or judge shall appoint disinterested and competent freeholders residing in the township or municipality where the said premises are situated. History: 1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3362 ;-- How. 3117 ;-- CL 1897, 8507 ;-- CL 1915, 11289 ;-- CL 1929, 11882 ;-- CL 1948, 486.308 Compiler's Notes: Chapter 67, referred to in this section, was repealed by Act 198 of 1873. See now MCL 463.1 et seq.
MI Comp L § 486.309 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 113 of 1869 - Waterworks (486.301 - 486.318)|Section 486.309 - Stock Deemed Personal Property; Certificates of Stock, Transfer; Report to Assessing Officer.

486.309 Stock deemed personal property; certificates of stock, transfer; report to assessing officer. Sec. 9.  The stock of every such corporation shall be deemed personal property, and certificates of stock shall be issued to each stockholder on the full amount of his subscription being paid in; the said certificates of stock may be transferable, but the transfer shall not be valid unless a record shall be made of the same in the books of the company, in such form as the directors shall prescribe; and it shall be the duty of the directors to make out a written statement of all the stockholders, and the amount of stock held by each, when legally called upon by the proper assessing officer. History: 1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3363 ;-- How. 3118 ;-- CL 1897, 8508 ;-- CL 1915, 11290 ;-- CL 1929, 11883 ;-- CL 1948, 486.309
MI Comp L § 486.310 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 113 of 1869 - Waterworks (486.301 - 486.318)|Section 486.310 - Capital Stock; Subscriptions, Calling In; Sale, Procedure, Proceeds; Rights of Purchaser.

486.310 Capital stock; subscriptions, calling in; sale, procedure, proceeds; rights of purchaser. Sec. 10.  The directors may call in subscriptions to the capital stock of such corporation, by installment, in such portions as they deem best, by giving notice thereof as provided by the by-laws; and in case any stockholder refuses or neglects to pay any such installment for the space of 60 days after the same shall have become due and payable, and after he shall have been notified thereof, the stock of any such delinquent stockholder may be sold, by order of the directors, at public auction at the office of said company, after 30 days' notice, published in some newspaper in the county where the corporation is located; and the proceeds of said sale shall be first applied in the payment of the installment called for, and the expense on the same, and the residue shall be refunded to the former owner thereof, and such sale shall entitle the purchaser to all the privileges of a stockholder to the extent of the share so bought. History: 1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3364 ;-- How. 3119 ;-- CL 1897, 8509 ;-- CL 1915, 11291 ;-- CL 1929, 11884 ;-- CL 1948, 486.310
MI Comp L § 486.311 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 113 of 1869 - Waterworks (486.301 - 486.318)|Section 486.311 - Stockholder's Liability; Recovery Prerequisites; Contribution to Creditor.

486.311 Stockholder's liability; recovery prerequisites; contribution to creditor. Sec. 11.  The stockholders of all corporations organized under this act shall be individually liable for any labor or services done or performed for said company, and they shall also be liable, as aforesaid, for the payment of all other debts or obligations contracted or incurred by said corporation during the time that they were stockholders, to the amount of all unpaid installments of stock held by them respectively, which liability may be enforced against any stockholder founded on this statute at any time after an execution shall be returned not satisfied against said company: Provided, always, That if any stockholder shall be compelled by any such action to pay the debts of any creditor or any part thereof, he shall have the right to call upon all the stockholders to contribute their part of the sum so paid by him as aforesaid, and may sue them jointly or severally, or any number of them, and recover in such action the ratable amount due from the person or persons so sued. History: 1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3365 ;-- How. 3120 ;-- Am. 1883, Act 8, Eff. Mar. 13, 1883 ;-- Am. 1887, Act 54, Eff. Sept. 28, 1887 ;-- CL 1897, 8510 ;-- CL 1915, 11292 ;-- CL 1929, 11885 ;-- CL 1948, 486.311
MI Comp L § 486.312 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 113 of 1869 - Waterworks (486.301 - 486.318)|Section 486.312 - Contract Between Municipality and Company; Obligations.

486.312 Contract between municipality and company; obligations. Sec. 12.  It shall and may be lawful for the municipal authorities of any city, village or town in which any company is or shall be formed for the purpose of supplying such city, village or town and the inhabitants thereof with water, to contract and agree with such company for the supply of water for public, municipal or other purposes, and for the time and mode of payment, and may issue their obligations therefor. History: 1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3366 ;-- Am. 1873, Act 2, Imd. Eff. Jan. 22, 1873 ;-- How. 3121 ;-- CL 1897, 8511 ;-- CL 1915, 11293 ;-- CL 1929, 11886 ;-- CL 1948, 486.312
MI Comp L § 486.313 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 113 of 1869 - Waterworks (486.301 - 486.318)|Section 486.313 - Stockholders; Annual and Special Meetings.

486.313 Stockholders; annual and special meetings. Sec. 13.  There shall be an annual meeting of the stockholders at such time and place as the by-laws of the corporation shall designate, for the election of directors and the transaction of business of the corporation; special meetings of the stockholders may be called by the directors. History: 1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3367 ;-- How. 3122 ;-- CL 1897, 8512 ;-- CL 1915, 11294 ;-- CL 1929, 11887 ;-- CL 1948, 486.313
MI Comp L § 486.314 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 113 of 1869 - Waterworks (486.301 - 486.318)|Section 486.314 - Officers of Company; Designation, Election, Bonding.

486.314 Officers of company; designation, election, bonding. Sec. 14.  The officers of such company shall be a president, who also shall be a director, a secretary, a treasurer, and such other officers, agents and servants, as the board of directors shall deem necessary for the transaction of the business of the company; such officers shall be elected annually, by the directors, and may be required to give bonds, with penalty and sureties, to the approval of the board of directors. History: 1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3368 ;-- How. 3123 ;-- CL 1897, 8513 ;-- CL 1915, 11295 ;-- CL 1929, 11888 ;-- CL 1948, 486.314
MI Comp L § 486.315 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 113 of 1869 - Waterworks (486.301 - 486.318)|Section 486.315 - Ordinances of Common Council; Granting Use of Public Property; Rates of Compensation.

486.315 Ordinances of common council; granting use of public property; rates of compensation. Sec. 15.  Whenever any such company shall have been duly organized, it shall be the duty of the common council of any such city or village or the proper authorities of any such town, by ordinance, to grant to such company such right to the use of the streets, alleys, wharves (if any) and public grounds of said city, village or town as shall be necessary to enable such company to construct the proper works for the supply of water for the use of such city, village or town and its inhabitants; and the said common council may, in such ordinance, prescribe such just and reasonable terms, restrictions and limitations upon such company, in reference to the manner of using streets, alleys, wharves and public grounds; to the charging and collecting of tolls, water rents or other compensation for the supply of water, to be furnished by such company, to such city, town or village and its inhabitants, as it may deem proper; to guard against the improper use of such streets, alleys, wharves and public grounds, and to protect said city, town or village, and its inhabitants from the imposition of undue or excessive rates or charges for the supply of water; but no such restriction shall be imposed which will prevent such company realizing upon its capital stock and annual income or dividend of 10 per cent, after paying the cost of all necessary repairs and expenses, interest on all moneys borrowed and 5 per cent. per annum into sinking funds, for the extinguishment of funded debts. History: 1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3369 ;-- How. 3124 ;-- CL 1897, 8514 ;-- CL 1915, 11296 ;-- CL 1929, 11889 ;-- CL 1948, 486.315
MI Comp L § 486.316 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 113 of 1869 - Waterworks (486.301 - 486.318)|Section 486.316 - Purchase of Corporate Rights and Property by Municipality; Arbitration.

486.316 Purchase of corporate rights and property by municipality; arbitration. Sec. 16.  From and after the expiration of 25 years from the time of the organization of such company, the common council of the city, town or village, for which the said company may have erected its works, shall have the right and privilege of purchasing, from such company, all its buildings, reservoirs, fixtures, apparatus and property of such company, with all its corporate rights and privileges, at such price as may be agreed upon; and in case of disagreement between the parties, the price to be ascertained and determined by 5 disinterested persons, not residents of said city or village, 2 of whom shall be chosen by said common council, 2 by the board of directors of such company, and the fifth by the 4 so chosen, who, when thus chosen and assembled, shall have power to determine, finally and conclusively, the amount which such town, city or village shall pay for the rights, property and franchises of such company, as aforesaid. History: 1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3370 ;-- How. 3125 ;-- CL 1897, 8515 ;-- CL 1915, 11297 ;-- CL 1929, 11890 ;-- CL 1948, 486.316
MI Comp L § 486.317 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 113 of 1869 - Waterworks (486.301 - 486.318)|Section 486.317 - Municipality as Stockholder; Issuance of Bonds, Interest Rate Limit, Tax Levy; Certain Corporations as Stockholders.

486.317 Municipality as stockholder; issuance of bonds, interest rate limit, tax levy; certain corporations as stockholders. Sec. 17.  Any such city, town or village may become a stockholder in any such company whenever the common council shall so direct, by resolution duly entered upon its minutes, after the question of so doing shall have been first submitted to the electors of said city, town or village, in such manner as the common council may have prescribed, and the said electors shall have voted in favor thereof. Such resolution shall specify the number of shares to be taken, and shall require the mayor, president or other municipal officer to carry out the directions by subscribing for the number of shares indicated upon the books of the company. Any railroad, gas, manufacturing or other corporation organized under any law of this state, and any insurance company organized under the laws of any state or country doing business in this state, may subscribe for and own stock in such company, and be entitled to all the rights and privileges, and shall be subject to all the liabilities of stockholders. It shall be lawful for any such city, town or village to issue bonds, payable at such time as the common council shall direct, and bearing interest at a rate not exceeding 8 per cent. per annum, and to negotiate the same upon the best terms they can obtain. Such cities, towns and villages shall have power in addition to that given by their charters, to levy taxes not exceeding 2 per cent. on the assessed valuation per annum, sufficient to meet the principal and interest falling due on such bonds. History: 1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3371 ;-- How. 3126 ;-- CL 1897, 8516 ;-- CL 1915, 11298 ;-- CL 1929, 11891 ;-- CL 1948, 486.317
MI Comp L § 486.318 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 113 of 1869 - Waterworks (486.301 - 486.318)|Section 486.318 - Company Fully Organized; Qualification, Powers, Financial Arrangements.

486.318 Company fully organized; qualification, powers, financial arrangements. Sec. 18.  Any such company shall be deemed to be fully organized whenever half the capital stock named in its articles of association shall have been in good faith subscribed and 10 per cent. thereof paid in and may thereupon enter on the work of construction; and in order to raise moneys for that purpose, it shall have power to borrow money, to issue bonds or other evidences of indebtedness, to execute mortgages or trust deeds, as may be deemed necessary for that purpose, and it may also issue a preferred stock, if a majority of the stockholders of the company shall vote that it is advisable so to do; but in the case that such city, town or village is a stockholder, no such mortgage, trust deed, or issue of preferred stock shall be valid without the assent thereto of the common council of said city or village or the municipal authorities of such town and in such case it shall be deemed a misdemeanor for the directors of said company to contract debts to any amount in excess of the means provided for, by subscriptions to stock, and the estimated net receipts of the company from its rates for 1 year, in advance, except they shall have first obtained the assent thereto of the said common council. History: 1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3372 ;-- How. 3127 ;-- CL 1897, 8517 ;-- CL 1915, 11299 ;-- CL 1929, 11892 ;-- CL 1948, 486.318
MI Comp L § 486.351 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 86 of 1893 - Operation of Electrical Plants by Water Supply Companies (486.351 - 486.353)|Section 486.351 - Water Supply Companies; Right to Purchase and Operate Electrical Plants.

486.351 Water supply companies; right to purchase and operate electrical plants. Sec. 1.  That any company or corporation hereafter organized for the purpose of supplying water to any city, town or village in this state, the population whereof does not exceed 25,000 inhabitants according to the last official census thereof preceding the organization of such company or corporation, shall, by specifying the same in its articles of association, have the right to also produce and supply any such city, town or village, and the inhabitants thereof, with electricity for lighting, heating and motive purposes and any other purpose for which the same is, or may become, of practical use. And to that end shall also have the right to purchase from any individual, copartnership or corporation owning or operating any electricity producing plant, its said plant, together with any or all of the property franchises and rights connected therewith, to be operated in the city, town or village in which such company is to be located and operating. History: 1893, Act 86, Eff. Aug. 28, 1893 ;-- CL 1897, 8518 ;-- CL 1915, 11302 ;-- CL 1929, 11893 ;-- CL 1948, 486.351
MI Comp L § 486.352 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 86 of 1893 - Operation of Electrical Plants by Water Supply Companies (486.351 - 486.353)|Section 486.352 - Water Supply Companies; Amendment of Articles to Show Right to Purchase and Operate Electrical Plants.

486.352 Water supply companies; amendment of articles to show right to purchase and operate electrical plants. Sec. 2.  Any company or corporation heretofore organized and doing business under and by virtue of the general laws of this state, and operating a waterworks system in any city, town or village in this state, the population whereof shall not exceed 25,000 inhabitants, according to the last official census preceding the filing of its amended articles of association so as to show the added purpose, have the right to erect, purchase, own and operate a plant or plants, in addition to its waterworks system and plant, to produce and supply electricity as mentioned in section 1 hereof. History: 1893, Act 86, Eff. Aug. 28, 1893 ;-- CL 1897, 8519 ;-- CL 1915, 11303 ;-- CL 1929, 11894 ;-- CL 1948, 486.352
MI Comp L § 486.353 (2021)
2021 Michigan Compiled Laws|Chapter 486 - Water and Power Companies|Act 86 of 1893 - Operation of Electrical Plants by Water Supply Companies (486.351 - 486.353)|Section 486.353 - Company or Corporate Powers.

486.353 Company or corporate powers. Sec. 3.  Every such company or corporation shall have the right to acquire and hold all such real and personal property as shall be necessary, in addition to that provided for by the general laws of this state under which it is organized, for the carrying on of the business so added by virtue of the provisions of this act, and shall have full power to produce, generate, furnish and sell electricity for lighting, heating, motive and such other purposes, as the same may be desired by any city, town or village within which such company carries on its business, or by the inhabitants thereof. And such company or corporation shall have the power to lay, construct and maintain conductors and poles, and stretch wires for the conducting of electricity through the streets, alleys, lands and squares of any such city, town or village, with the consent of the municipal authorities thereof, under such reasonable regulations as they may prescribe; and such company or corporation may make and enforce all such contracts, by-laws and rules as may be deemed necessary and proper to carry into effect the foregoing powers. History: 1893, Act 86, Eff. Aug. 28, 1893 ;-- CL 1897, 8520 ;-- CL 1915, 11304 ;-- CL 1929, 11895 ;-- CL 1948, 486.353