reglab/statecodes huggingface dataset:
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.101 - Water Power and Supply Corporations; Incorporators; Powers.

486.101 Water power and supply corporations; incorporators; powers.
Sec. 1.
That any number of persons not less than 5 may form themselves into a corporation for the purpose of damming any stream and of excavating and constructing, maintaining, repairing and improving any canal already existing or which they may wish to excavate and construct with water power appurtenant thereto and may own, lease, use and control the same for the purpose of 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, and may acquire, hold, lease and convey lands or water power as may be necessary or convenient for the purposes above specified by complying with the following requirements.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895r ;-- CL 1897, 6806 ;-- CL 1915, 8904 ;-- CL 1929, 11839 ;-- CL 1948, 486.101
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.102 - Certificate; Contents; Recording and Filing.

486.102 Certificate; contents; recording and filing.
Sec. 2.
Such persons under their hands and seals, shall make a certificate which shall specify:
First, The name of the corporation;
Second, A statement of the amount of capital stock of such company, and the number of shares into which the capital stock shall be divided;
Third, The county and townships within this state in which such canal is to be excavated and constructed, and the operations of said company carried on;
Fourth, The business and object of said company in general terms;
Fifth, The names and places of residence of the stockholders, and the number of shares held by each of them respectively;
Sixth, The names of the first directors, being not more than 7, and not less than 5;
Seventh, The place in this state where their office for the transaction of business is located;
Eighth, The term of existence of such corporation, which certificate shall be acknowledged as deeds are required to be acknowledged, and recorded in the office of the clerk of the county in which the office of said company for the transaction of business is located, and a copy thereof filed in the office of the secretary of state.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895s ;-- CL 1897, 6807 ;-- CL 1915, 8905 ;-- CL 1929, 11840 ;-- CL 1948, 486.102
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.103 - Body Corporate; Governing Laws.

486.103 Body corporate; governing laws.
Sec. 3.
Upon complying with the provisions of the last preceding section such company shall be a body corporate by the name designated in said certificate, and shall be subject to and governed by all the general provisions relating to corporations embraced in chapter 130 of the Compiled Laws of the state of Michigan, now in force, so far as the same shall be applicable thereto.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 2895t ;-- CL 1897, 6808 ;-- CL 1915, 8906 ;-- CL 1929, 11841 ;-- CL 1948, 486.103
Compiler's Notes:
For provisions of chapter 130, referred to in this section, see MCL 450.504 et seq.
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.104 - Board of Directors; Members, Election, Qualification.

486.104 Board of directors; members, election, qualification.
Sec. 4.
The business and property of such company shall be managed and directed by a board of not less than 5 nor more than 7 directors, who shall be elected annually, and at such time and place as said by-laws may direct. No person shall be a director unless he is a stockholder in the corporation.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895u ;-- CL 1897, 6809 ;-- CL 1915, 8907 ;-- CL 1929, 11842 ;-- CL 1948, 486.104
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.105 - Board of Directors; Election, Notice.

486.105 Board of directors; election, notice.
Sec. 5.
In case it shall happen that an election for directors shall not be held as provided, the said corporation shall not be for that reason dissolved, but such election shall be held on some future day to be fixed by the directors holding over, upon giving the notice therefor as in this act provided.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895v ;-- CL 1897, 6810 ;-- CL 1915, 8908 ;-- CL 1929, 11843 ;-- CL 1948, 486.105
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.106 - Board of Directors; Majority Control.

486.106 Board of directors; majority control.
Sec. 6.
A majority of the directors shall be a board for the transaction of business, and the acts of a majority of the board shall bind the corporation.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895w ;-- CL 1897, 6811 ;-- CL 1915, 8909 ;-- CL 1929, 11844 ;-- CL 1948, 486.106
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.107 - Capital Stock; Subscriptions; Increase; Procedure.

486.107 Capital stock; subscriptions; increase; procedure.
Sec. 7.
The directors of any such company may at any time receive subscriptions to stock in said company until the whole amount mentioned in their articles of association shall be subscribed, and whenever, in the judgment of the directors, it shall be necessary to increase the capital stock of any such company for the extension or more perfect completion of such proposed work, or to provide lands and buildings needful for its use, it shall be competent for such directors, with the approval or ratification of the holders of a majority of the capital stock, at any lawful meeting of the stockholders, to provide for such increase, and in all cases where such capital stock is increased, a certificate thereof shall be signed, certified, and filed as hereinbefore required in the case of original articles of association.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895x ;-- CL 1897, 6812 ;-- CL 1915, 8910 ;-- CL 1929, 11845 ;-- CL 1948, 486.107
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.108 - Capital Stock; Subscriptions, Calling In; Sale, Procedure, Proceeds; Purchaser's Rights.

486.108 Capital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser's rights.
Sec. 8.
The directors may call in subscriptions to the capital stock of such corporation by installments, in such portions, and at such times and places as they shall think proper, by giving notice thereof as the by-laws shall prescribe; and in case any stockholder shall neglect or refuse payment of any such installment for the space of 60 days after the same shall become due and payable, and after he shall have been notified thereof, the stock of such delinquent stockholder may be sold by the directors, at public auction, at the office of the secretary of the corporation, giving at least 30 days' notice in some newspaper published in the county: Provided, That if said stockholder shall reside in this state, the stock shall be sold at the business office of said corporation, in the county in which they are doing business, giving at least 30 days' notice thereof in some newspaper published in the county. If no newspaper be published in the county in which such corporation transacts their business, then it shall be published in the newspaper in the city of Detroit, which shall have at the time the largest circulation; and the proceeds of such sale shall be at first applied in payment of the installment called for, and the expenses on the same, and the residue shall be refunded to the owner thereof; and such sale shall entitle the purchaser to all the rights of a stockholder to the extent of the shares so bought.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895y ;-- CL 1897, 6813 ;-- CL 1915, 8911 ;-- CL 1929, 11846 ;-- CL 1948, 486.108
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.109 - Corporate Powers, Liabilities and Restrictions.

486.109 Corporate powers, liabilities and restrictions.
Sec. 9.
Every such corporation, organized as hereinbefore prescribed, shall have the following powers and be subject to the liabilities and restrictions following, that is to say:
First, To cause such examinations and surveys for the proposed improvements whether dam-locks, canals or digging or deepening of channels to be made as may be necessary to prepare for the work to be done;
Second, To purchase and by voluntary grants and donations to receive, enter upon, take hold and use all such lands and real estate and other property as may be necessary for the construction and maintenance of the work proposed in the approved plans of such company;
Third, To divert into any canal excavated or constructed under the provisions of this act, waters from Lake Paw Paw or Paw Paw river or any tributary stream in Berrien county, state of Michigan, to flood lands belonging to said company or subject to condemnation proceedings as provided by law, by constructing the necessary dams in said canal or in creeks or other water courses subject to the consent of the board of supervisors of the proper county in which said waters so diverted or dammed are situated;
Fourth, The acquisition of lands shall be under the same rules and forms as near as practicable as are provided in cases for the acquisition of lands for right of way of railway lines, when the railway company is unable to agree with the owners or legal representatives for the purchase of any real estate;
Fifth, To issue its construction bonds to an amount not exceeding 50 per centum of its capital stock bearing a rate of interest not above 7 per cent and payable at any such time as the board of directors may determine, on approval of a majority in interest of the stockholders voting at any regular or called meeting of their body;
Sixth, That in any case where the company is unable to agree with the owners of land needed for or in the work of constructing a navigable waterway, as herein provided, or cannot agree with any highway commissioner, or other authority, as to the crossing or changing of roads, streets, or streams, then and in all such cases the same laws providing for the incorporation of railroad companies, and providing for the condemnation of lands to the public use in certain cases, shall govern and be the rule of action or procedure so far as practicable; and any company undertaking to construct a navigable waterway, with or without water power appurtenant thereto, and intending to do a transportation business upon such waterway, shall have the same rights and privileges for procuring right of way, needed lands, or real estate of any kind, or of crossing streams and highways, as the laws of Michigan allow railroad companies.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895z ;-- CL 1897, 6814 ;-- CL 1915, 8912 ;-- CL 1929, 11847 ;-- CL 1948, 486.109
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.110 - Power to Construct Railroads, Telegraph and Telephone Lines; Holding of Realty.

486.110 Power to construct railroads, telegraph and telephone lines; holding of realty.
Sec. 10.
Said corporation may, in the exercise of its discretion, erect along the line of its canal or over different portions of its property, such railroads as may be necessary for connecting manufacturing establishments situated upon or connected with their premises or enjoying water privileges from them with any line of railroad or any harbor near them, and such telegraph lines or telephonic lines as may be reasonably necessary or convenient in connection therewith. Said corporation may purchase and hold such tracts of land along the line of its canal and water courses, as may reasonably be necessary or convenient for the conveying of water, storing it and dispensing and dividing it among those who wish to purchase or lease it for any of the purposes mentioned in this act, or for the purpose of erecting manufactories or mills upon.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895z-1 ;-- CL 1897, 6815 ;-- CL 1915, 8913 ;-- CL 1929, 11848 ;-- CL 1948, 486.110
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.111 - Furnishing and Use of Water; Rent, Collection.

486.111 Furnishing and use of water; rent, collection.
Sec. 11.
Such company may furnish water to other persons or companies for mining, manufacturing, milling, domestic, municipal or agricultural purposes, on such rent as shall be agreed upon by and between it and those desiring to obtain it, or it may use the same for such purposes itself in any class of manufacturing purposes. It is authorized to bring suit to enforce the payment of such rent in any proper court of the county where its principal office is located.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895z-2 ;-- CL 1897, 6816 ;-- CL 1915, 8914 ;-- CL 1929, 11849 ;-- CL 1948, 486.111
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.112 - Injury to Stream or Property; Misdemeanor, Penalty.

486.112 Injury to stream or property; misdemeanor, penalty.
Sec. 12.
If any person shall willfully obstruct any stream or waters improved under the provisions of this act or any part thereof, or shall willfully destroy or injure any buildings, piers, dams, fixtures, banks, or other constructions in use upon the same, belonging to said company, such person or persons so offending, shall, for every offense, be deemed guilty of a misdemeanor, and shall be punished by a fine not exceeding 500 dollars, or by imprisonment in the county jail not more than 1 year, in the discretion of the court.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895z-3 ;-- CL 1897, 6817 ;-- CL 1915, 8915 ;-- CL 1929, 11850 ;-- CL 1948, 486.112
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.113 - Board of Directors; Annual Report, Contents.

486.113 Board of directors; annual report, contents.
Sec. 13.
On or before the first Monday in July in each year it shall be the duty of the directors of every company formed under this act to report to the secretary of state, under the oath of the secretary and at least 2 of the directors, the length of the stream or waters so constructed or improved, the cost of such improvements, the amount of money expended, the amount of their capital, how much of the same is paid in, and how much is expended, the whole amount of tolls or earnings expended on such improvements, the amount of money received during the previous year for tolls, and from all other sources, stating each separately, the amount set apart for repairs, the amount of dividends made, and the amount of indebtedness of such company, specifying the object for which such indebtedness accrued.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895z-4 ;-- CL 1897, 6818 ;-- CL 1915, 8916 ;-- CL 1929, 11851 ;-- CL 1948, 486.113
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.114 - Realty; Purchase, Holding, Disposal; Limitations.

486.114 Realty; purchase, holding, disposal; limitations.
Sec. 14.
Each and every company formed under this act shall have authority to purchase and hold land adjacent to or within convenient distance of any canal constructed under the provisions of this act, for the purpose of platting and selling to manufacturers, their operatives or to other persons, and shall have authority to lease, mortgage or otherwise dispose of real or personal property: Provided, That no land shall be held by said company for the purposes stated in this section for a longer period than 10 years from the time when the same shall have been acquired, nor exceeding in amount 2,000 acres.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895z-5 ;-- CL 1897, 6819 ;-- CL 1915, 8917 ;-- CL 1929, 11852 ;-- CL 1948, 486.114
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.115 - Stockholder's Liability; Recovery Prerequisites.

486.115 Stockholder's liability; recovery prerequisites.
Sec. 15.
The stockholders of every company organized in pursuance of this act shall be jointly and severally personally liable for the payment of all debts and demands against such association, which shall be contracted, or which shall be or shall become due during the time of their holding such stocks, for any labor or services done or performed for such company, but no stockholder shall be proceeded against for the collection of any debt or demand against such company until execution or [on] judgment for such labor and services shall have been returned unsatisfied, or unless such association shall be dissolved.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895z-6 ;-- CL 1897, 6820 ;-- CL 1915, 8918 ;-- CL 1929, 11853 ;-- CL 1948, 486.115
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 202 of 1887 - Water Power Companies (486.101 - 486.116) › Section 486.116 - Shares Deemed Personal Property; Transfer.

486.116 Shares deemed personal property; transfer.
Sec. 16.
The shares of any company formed under this act shall be deemed personal property, and may be transferred as shall be prescribed by the by-laws of such company.
History:
1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895z-7 ;-- CL 1897, 6821 ;-- CL 1915, 8919 ;-- CL 1929, 11854 ;-- CL 1948, 486.116
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.201 - Water Power and Supply Corporations in Upper Peninsula; Incorporators; Powers.

486.201 Water power and supply corporations in upper peninsula; incorporators; powers.
Sec. 1.
That any number of persons may form themselves into a corporation for the purpose of damming any stream or streams, and of excavating and constructing, maintaining, repairing and improving any stream or canal already existing, or which they may wish to excavate and construct, with water power appurtenant thereto, and may own, lease, use and control the same for the purpose of accumulating, storing, manufacturing, conducting, using or selling, furnishing and supplying water and water power, electricity and electric power, and all and every kind of power for any and all purposes, and may acquire, hold, lease and convey lands or water power as may be necessary or convenient for the purposes above specified in the upper peninsula of Michigan, by complying with the following requirements.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8920 ;-- CL 1929, 11855 ;-- CL 1948, 486.201
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.202 - Certificate; Contents; Recording and Filing.

486.202 Certificate; contents; recording and filing.
Sec. 2.
Such persons, under their hands and seals, shall make a certificate which shall specify:
First, The name of the corporation;
Second, A statement of the amount of capital stock of such company, and the number of shares into which the capital stock shall be divided;
Third, The county or counties within this state in the upper peninsula thereof, in which such canal is to be excavated and constructed, and the operations of said company carried on;
Fourth, The business and object of said company in general terms;
Fifth, The names and places of residence of the stockholders, and the number of shares held by each of them respectively;
Sixth, The names of the first directors, being not more than 7 and not less than 3;
Seventh, The place in this state where their office for the transaction of business is located;
Eighth, The term of existence of such corporation, which certificate shall be acknowledged as deeds are required to be acknowledged, and recorded in the office of the clerk of the county in which the office of said company for the transaction of business is located, and a copy thereof filed in the office of the secretary of state.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8921 ;-- CL 1929, 11856 ;-- CL 1948, 486.202
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.203 - Body Corporate; Governing Laws.

486.203 Body corporate; governing laws.
Sec. 3.
Upon complying with the provisions of the last preceding section such company shall be a body corporate by the name designated in said certificate, and shall be subject to and governed by all the general provisions relating to corporations embraced in chapter 230 of the Compiled Laws of the state of Michigan, now in force, so far as the same shall be applicable thereto.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8922 ;-- CL 1929, 11857 ;-- CL 1948, 486.203
Compiler's Notes:
For provisions of chapter 230, referred to in this section, which have not been repealed or reenacted, see MCL 450.504 to 450.525 and MCL 450.631 et seq.
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.204 - Board of Directors; Members, Election, Qualifications.

486.204 Board of directors; members, election, qualifications.
Sec. 4.
The business and property of such company shall be managed and directed by a board of not less than 3 nor more than 7 directors, who shall be elected annually, and at such time and place as the by-laws of said company may direct. No person shall be a director unless he is a stockholder in the corporation.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8923 ;-- CL 1929, 11858 ;-- CL 1948, 486.204
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.205 - Board of Directors; Election, Notice.

486.205 Board of directors; election, notice.
Sec. 5.
In case it shall happen that an election for directors shall not be held as provided, the said corporation shall not be for that reason dissolved, but such election shall be held on some future day to be fixed by the directors holding over, upon giving the notice therefor as in this act provided.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8924 ;-- CL 1929, 11859 ;-- CL 1948, 486.205
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.206 - Board of Directors; Majority Control.

486.206 Board of directors; majority control.
Sec. 6.
A majority of the directors shall be a board for the transaction of business, and the acts of a majority of the board shall bind the corporation.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8925 ;-- CL 1929, 11860 ;-- CL 1948, 486.206
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.207 - Capital Stock; Subscriptions; Increase, Procedure.

486.207 Capital stock; subscriptions; increase, procedure.
Sec. 7.
The directors of any such company may at any time receive subscriptions to stock in said company until the whole amount mentioned in their articles of association shall be subscribed, and whenever in the judgment of the directors, it shall be necessary to increase the capital stock of any such company for the extension or more perfect completion of such proposed work, or to provide lands and buildings needful for its use, it shall be competent for such directors, with the approval or ratification of the holders of a majority of the capital stock, at any lawful meeting of the stockholders to provide for such increase, and in all cases where such capital stock is increased, a certificate thereof shall be signed, certified and filed as hereinbefore required in the case of original articles of association.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8926 ;-- CL 1929, 11861 ;-- CL 1948, 486.207
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.208 - Capital Stock; Subscriptions, Calling In; Sale, Procedure, Proceeds; Purchaser's Rights.

486.208 Capital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser's rights.
Sec. 8.
The directors may call in subscriptions to the capital stock of such corporation by installments, in such portions, and at such times and places as they shall deem proper, by giving notice thereof as the by-laws shall prescribe; and in case any stockholder shall neglect or refuse payment of any such installment for the space of 60 days after the same shall become due and payable, and after he shall have been notified thereof, the stock of such delinquent stockholder may be sold by the directors, at public auction, at the office of the secretary of the corporation, giving at least 30 days' notice in some newspaper published in the county: Provided, That if said stockholder shall reside in this state, the stock shall be sold at the business office of said corporation, in the county in which they are doing business, giving at least 30 days' notice thereof in some newspaper published in the county. If no newspaper be published in the county in which such corporation transacts their business, then it shall be published in the newspaper in the city of Detroit which shall have at the time the largest circulation; and the proceeds of such sale shall be at first applied in payment of the installment called for, and the expenses on the same, and the residue shall be refunded to the owner thereof; and such sale shall entitle the purchaser to all the rights of a stockholder to the extent of the shares so bought.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8927 ;-- CL 1929, 11862 ;-- CL 1948, 486.208
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.209 - Corporate Powers; Liabilities and Restrictions.

486.209 Corporate powers; liabilities and restrictions.
Sec. 9.
Every such corporation, organized as hereinbefore prescribed, shall have the following powers and be subject to the liabilities and restrictions following, that is to say:
First, To cause such examinations and surveys for all proposed improvements, to be made as may be necessary to prepare for the work to be done;
Second, To acquire and by grants and donations to receive, enter upon, take, hold and use all such lands and real estate and other property as may be necessary in the business of such company;
Third, To flood lands belonging to said company by constructing the necessary dams in any canal, or in creeks, streams or other water courses;
Fourth, To issue its construction bonds to an amount not exceeding 50 per cent of its capital stock, bearing a rate of interest not above 6 per cent, and payable at any such time or times as the board of directors may determine on approval of a majority in interest of the stockholders voting at any regular or called meeting of their body.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8928 ;-- CL 1929, 11863 ;-- CL 1948, 486.209
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.210 - Power to Construct Railroad, Telegraph and Telephone Lines; Holding of Realty.

486.210 Power to construct railroad, telegraph and telephone lines; holding of realty.
Sec. 10.
Said corporation may, in the exercise of its discretion, erect, maintain and operate such railroads as may be necessary for connecting manufacturing establishments situated upon or connected with its premises, or enjoying power privileges from it with any line of railroad or any harbor, and such power lines, telegraph lines or telephonic lines as may be reasonably necessary or convenient in the business of said corporation. Said corporation may acquire and hold such tracts of land along the line of its canal and water courses as may be reasonably necessary or convenient for the conveying of water or electricity or other power and storing it and dispensing and dividing it among those who wish to purchase or lease it for any of the purposes mentioned in this act, or for the purpose of erecting manufactories or mills or other commercial establishments.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8929 ;-- CL 1929, 11864 ;-- CL 1948, 486.210
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.211 - Furnishing and Use of Water or Power; Compensation; Right to Sue and Be Sued.

486.211 Furnishing and use of water or power; compensation; right to sue and be sued.
Sec. 11.
Such company may furnish and sell water, water power, electricity or electric power, and any and all other forms of power to other persons or companies for any and all purposes on such terms as shall be agreed upon, or it may use the same for such purposes itself. Any person or corporation receiving, using or enjoying any benefit from the operations or improvements of any company organized under this act shall pay to said company a reasonable compensation for all such benefits used or enjoyed. It is authorized to sue and be sued in any proper court in this state, the same as a natural person.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8930 ;-- CL 1929, 11865 ;-- CL 1948, 486.211
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.212 - Injury to Stream or Property; Misdemeanor, Penalty.

486.212 Injury to stream or property; misdemeanor, penalty.
Sec. 12.
If any person shall wilfully obstruct any stream or waters improved, or in use under the provisions of this act, or any part thereof, or shall wilfully destroy or injure any buildings, piers, dams, fixtures, banks, power lines or other constructions in use by and belonging to said company, such person or persons so offending shall, for every offense, be deemed guilty of a misdemeanor and shall be punished by a fine not exceeding 500 dollars, or by imprisonment in the county jail not more than 1 year, in the discretion of the court.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8931 ;-- CL 1929, 11866 ;-- CL 1948, 486.212
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.213 - Board of Directors; Annual Report, Contents.

486.213 Board of directors; annual report, contents.
Sec. 13.
On or before the first Monday in July in each year it shall be the duty of the directors of every company formed under this act to report to the secretary of state, under the oath of the secretary and at least 2 of the directors, the improvements made by such company, the cost of such improvements, the amount of money expended, the amount of the capital of the company, how much of the same is paid in, and how much has been expended, the whole amount of tolls or earnings expended on such improvements, the amount of money received the previous year for tolls, and from all other sources, stating each separately, the amount set apart for repairs, the amount of dividends paid and the amount of indebtedness of such company, specifying the object for which such indebtedness accrued.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8932 ;-- CL 1929, 11867 ;-- CL 1948, 486.213
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.214 - Realty; Purchase, Holding, Disposal; Personal Property, Disposal.

486.214 Realty; purchase, holding, disposal; personal property, disposal.
Sec. 14.
Each and every corporation formed under this act shall have authority to purchase and hold land in amount not to exceed 3,000 acres adjacent to or within convenient distance of any canal, stream or dam, constructed under the provisions of this act, for the purpose of platting and selling the same to manufacturers, their operatives or to other persons, and shall have the authority to lease, mortgage, sell, or otherwise dispose of real or personal property.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8933 ;-- CL 1929, 11868 ;-- CL 1948, 486.214
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.215 - Stockholder's Liability; Recovery Prerequisites.

486.215 Stockholder's liability; recovery prerequisites.
Sec. 15.
The stockholders of every company organized in pursuance of this act shall be jointly and severally personally liable for the payment of all debts and demands against such association which shall be contracted, or which shall be or shall become due during the time of their owning such stocks, for any labor or services done or performed for such company, but no stockholder shall be proceeded against for the collection of any debt or demand against such company until execution on judgment for such labor and services shall have been returned unsatisfied, unless such association shall be dissolved.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8934 ;-- CL 1929, 11869 ;-- CL 1948, 486.215
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 283 of 1905 - Water Power Companies (486.201 - 486.216) › Section 486.216 - Shares Deemed Personal Property; Transfer.

486.216 Shares deemed personal property; transfer.
Sec. 16.
The shares of any company formed under this act shall be deemed personal property, and may be transferred as shall be prescribed by the by-laws of such company.
History:
1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8935 ;-- CL 1929, 11870 ;-- CL 1948, 486.216
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 238 of 1923 - Electric and Gas Corporations (486.251 - 486.255) › Section 486.251 - Electric and Gas Corporations; Incorporators; Powers.

486.251 Electric and gas corporations; incorporators; powers.
Sec. 1.
That any number of persons not less than 3 may form a corporation, for generating, manufacturing, producing, gathering, storing, transmitting, distributing, transforming, selling and supplying electric energy or gas, either artificial or natural, or both electric energy and gas, to the public generally, or to public utilities or natural gas companies, by executing under their hands and seals, articles of incorporation in manner and form as required as to certain other profit corporations by the provisions of sections 1 to 97, inclusive, of Act No. 327 of the Public Acts of 1931, of Michigan and amendments thereto, and thereupon such corporations shall have and enjoy all the powers and privileges of corporations for pecuniary profit organized under said sections 1 to 97, inclusive, of Act No. 327 of the Public Acts of 1931 of Michigan, and amendments thereto.
History:
1923, Act 238, Eff. Aug. 30, 1923 ;-- CL 1929, 11871 ;-- Am. 1947, Act 356, Eff. Oct. 11, 1947 ;-- CL 1948, 486.251
Compiler's Notes:
For provisions of Act 327 of 1931, referred to in this section, see MCL 450.1 et seq.
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 238 of 1923 - Electric and Gas Corporations (486.251 - 486.255) › Section 486.252a-486.252j - Repealed. 1980, Act 87, Eff. Apr. 1, 1985.

486.252a-486.252j Repealed. 1980, Act 87, Eff. Apr. 1, 1985.
Compiler's Notes:
The repealed sections pertained to condemnation proceedings for electric and gas corporations.
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 238 of 1923 - Electric and Gas Corporations (486.251 - 486.255) › Section 486.253 - Electricity or Gas Sold to Public; Rates, Terms, and Conditions; Examination of Books and Records; Order of Commission; Review; Certificate of Necessity.

486.253 Electricity or gas sold to public; rates, terms, and conditions; examination of books and records; order of commission; review; certificate of necessity.
Sec. 3.
(1) A corporation formed under this act shall sell to the public the electric energy it generates or transmits and the gas it manufactures, produces, stores, or transmits, upon such reasonable terms, rates, and conditions as determined by the Michigan public service commission. The Michigan public service commission may examine all books and records of the corporation and audit the corporation. Any order of the commission may be reviewed, set aside, modified, or affirmed in the manner provided by law.
(2) If 1929 PA 9, MCL 483.101 to 483.120, 1929 PA 69, MCL 460.501 to 460.506, or the electric transmission line certification act, 1995 PA 30, MCL 460.561 to 460.575, requires a certificate of necessity to be obtained from the Michigan public service commission, then the corporation shall, before commencing any condemnation proceedings, first make application to, and obtain from the commission a certificate as required under those acts.
History:
1923, Act 238, Eff. Aug. 30, 1923 ;-- CL 1929, 11873 ;-- Am. 1947, Act 356, Eff. Oct. 11, 1947 ;-- CL 1948, 486.253 ;-- Am. 2004, Act 197, Imd. Eff. July 12, 2004
Compiler's Notes:
For provisions of Act 9 of 1929 and Act 69 of 1929, referred to in this section, see MCL 483.101 et seq. and MCL 460.501 et seq., respectively.
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 238 of 1923 - Electric and Gas Corporations (486.251 - 486.255) › Section 486.254 - Existing Corporations; Right of Condemnation.

486.254 Existing corporations; right of condemnation.
Sec. 4.
Corporations heretofore lawfully organized, among other things, for any of the purposes specified in section 1 hereof; corporations heretofore lawfully organized, or that may hereafter be lawfully organized and duly authorized to carry on the electric or gas business as a public utility in the state of Michigan; and foreign corporations heretofore lawfully organized or that may hereafter be lawfully organized, among other things, for any of the purposes specified in section 1 hereof, and duly authorized to carry on business in the state of Michigan shall have and are hereby given the right to condemn private property in accordance with the provisions of this act and subject to the same conditions and requirements as herein specified.
History:
1923, Act 238, Eff. Aug. 30, 1923 ;-- CL 1929, 11874 ;-- Am. 1931, Act 98, Eff. Sept. 18, 1931 ;-- Am. 1947, Act 356, Eff. Oct. 11, 1947 ;-- CL 1948, 486.254
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 113 of 1869 - Waterworks (486.301 - 486.318) › Section 486.301 - Waterworks in Municipalities; Incorporators; Powers.

486.301 Waterworks in municipalities; incorporators; powers.
Sec. 1.
That whenever the common council of any city or incorporated village, or the municipal authority of any town in this state shall, by resolution, declare that it is expedient to have constructed works for the purpose of supplying such city, village or town, and the inhabitants thereof with water, but that it is inexpedient for such city, town or village, under the power granted in its charter, to build such works, it shall be lawful for any number of persons, not less than 5, to organize a company for the construction of such water-works, or for any company previously organized to construct such water-works under the provisions of this act, and such corporation shall have all the powers and privileges prescribed in the act in regard to corporations, being Chapter 55, of Revised Statutes of 1846, and Chapter 73, of the Compiled Laws. They shall be capable of suing and being sued in any court of this state; may have a common seal, and alter and amend the same, at pleasure; may elect, in such a manner as they may determine, all necessary officers; may fix their compensation and determine their duties, and make, from time to time, such by-laws, not inconsistent with the constitution and laws of this state, as a majority of the stockholders shall choose.
History:
1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3355 ;-- How. 3110 ;-- CL 1897, 8500 ;-- CL 1915, 11282 ;-- CL 1929, 11875 ;-- CL 1948, 486.301
Compiler's Notes:
For provisions of chapter 55 of the Revised Statutes of 1846, referred to in this section, see MCL 450.504 et seq.
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 113 of 1869 - Waterworks (486.301 - 486.318) › Section 486.302 - Certificate; Contents, Filing and Recording; Body Corporate, Name.

486.302 Certificate; contents, filing and recording; body corporate, name.
Sec. 2.
Any number of persons not less than 5, who shall associate according to the provisions of this act, under any name assumed by them, to form a company for the purpose of supplying any city, town or village, or the inhabitants thereof, with water for any and all, purposes, shall under their hands and seals, make and acknowledge before some person authorized by the laws of this state to take acknowledgments of deeds, a certificate which shall specify:
First. The name by which such company shall be known;
Second. The object for which such company shall be formed;
Third. The amount of capital stock of such company, and the number of shares into which the same is divided;
Fourth. The amount of capital stock actually paid in;
Fifth. The names of the stockholders, their respective residences, and the number of shares held by each;
Sixth. The name of the city, town or village, and county in which the operations of the company are to be carried on, and the place in this state where the office for the transaction of business is located;
Seventh. The term of years the corporation is to exist, not exceeding 30;
And shall cause the same to be filed with the secretary of state of this state, and recorded in the county clerk's office of the county or counties in which such company shall conduct its business. They shall become incorporated under the name and style provided in such certificate, and are hereby authorized to carry on the operations named in such certificate of incorporation, and shall with their successors and assigns be deemed a body politic and corporate in fact and in name, under any name assumed by them in their articles of association.
History:
1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3356 ;-- How. 3111 ;-- CL 1897, 8501 ;-- CL 1915, 11283 ;-- CL 1929, 11876 ;-- CL 1948, 486.302
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 113 of 1869 - Waterworks (486.301 - 486.318) › Section 486.303 - Corporate Power to Hold Property.

486.303 Corporate power to hold property.
Sec. 3.
Every such corporation shall, by their name, have power to acquire and hold all such real and personal estate as shall be necessary for carrying on the business of said corporation.
History:
1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3357 ;-- How. 3112 ;-- CL 1897, 8502 ;-- CL 1915, 11284 ;-- CL 1929, 11877 ;-- CL 1948, 486.303
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 113 of 1869 - Waterworks (486.301 - 486.318) › Section 486.304 - Capital Stock; Fixed Amount, Increase.

486.304 Capital stock; fixed amount, increase.
Sec. 4.
The amount of capital stock in every such corporation shall be fixed by the stockholders in their articles of association, but shall in no case be less than 10,000 dollars; said stock may be increased from time to time as may be directed by the stockholders; and when the same is so increased, the same record shall be made of the fact, with the name of the stockholders, as required by section 2 of this act; and all the stock of said company shall be divided into shares of 50 dollars each.
History:
1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3358 ;-- How. 3113 ;-- CL 1897, 8503 ;-- CL 1915, 11285 ;-- CL 1929, 11878 ;-- CL 1948, 486.304
2023 Michigan Compiled Laws › Chapter 486 - Water and Power Companies › Act 113 of 1869 - Waterworks (486.301 - 486.318) › Section 486.305 - Officers; Election, Term, Powers; Quorum of Stockholders; Right to Vote.

486.305 Officers; election, term, powers; quorum of stockholders; right to vote.
Sec. 5.
The officers shall be elected by the stockholders when 50 per cent of the stock shall be subscribed, and 10 per cent of the amount subscribed paid in, and after a notice of at least 2 weeks has been given in some newspaper printed in the place where the said business is to be located, said notice to be signed by at least 3 stockholders; and the officers elected shall hold their office 1 year, and until their successors are elected; said officers shall have the general superintendence of the affairs of the company, and the management of the business and may call special meetings of the stockholders; and a majority of the stockholders shall constitute a quorum at all meetings and at all meetings each share shall be entitled to 1 vote either in person or by proxy.
History:
1869, Act 113, Imd. Eff. Apr. 3, 1869 ;-- CL 1871, 3359 ;-- How. 3114 ;-- CL 1897, 8504 ;-- CL 1915, 11286 ;-- CL 1929, 11879 ;-- CL 1948, 486.305
2023 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