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Michigan Legislature
Michigan Compiled Laws Complete Through PA 123 of 2019
House: Adjourned until Tuesday, December 10, 2019 1:30:00 PM
Senate: Adjourned until Tuesday, December 10, 2019 10:00:00 AM

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Act 39 of 1883
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Act 39 of 1883

AN ACT to authorize the formation of corporations for the purpose of 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.

History: 1883, Act 39, Imd. Eff. Apr. 21, 1883
Popular Name: Water Company Act

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 486.51SectionWater power and supply corporations; incorporators; powers.
Section 486.52SectionCertificate; contents; recording and filing.
Section 486.53SectionBody corporate; governing laws.
Section 486.54SectionBoard of directors; members, election, qualification.
Section 486.55SectionBoard of directors; election, notice.
Section 486.56SectionBoard of directors; majority control.
Section 486.57SectionCapital stock; subscriptions; increase, procedure.
Section 486.58SectionCapital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser's rights.
Section 486.59SectionCorporate powers; liabilities and restrictions.
Section 486.60SectionPower to construct railroads, telegraph and telephone lines; holding of realty.
Section 486.61SectionFurnishing and use of water; rent, collection.
Section 486.62SectionInjury to stream or property; misdemeanor, penalty.
Section 486.63SectionBoard of directors; annual report, contents.
Section 486.65SectionStockholder's liability; recovery prerequisites.
Section 486.66SectionShares deemed personal property; transfer.
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