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Michigan Compiled Laws Complete Through PA 29 of 2013

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NOTE: Dates reflect any modification to item, not necessarily a change in law.

Chapter 486 - WATER AND POWER COMPANIES
Act 232 of 1863 ‑ WATER POWER COMPANIES (486.1 - 486.22)
     Section 486.1 ‑ Water power companies; incorporators; notice of formation; articles of association, contents.
     Section 486.2 ‑ Articles of association; signing, filing, evidence; body corporate, powers.
     Section 486.3 ‑ Board of directors; annual election, notice; officers, treasurer's bond; vacancy.
     Section 486.4 ‑ Membership in association; procedure, rights.
     Section 486.5 ‑ Repairs; permanent improvements, approval of members; expense.
     Section 486.6 ‑ Repairs; statement, filing, contents.
     Section 486.7 ‑ Assessment for repairs or improvements.
     Section 486.8 ‑ Assessment; collection; non-payment, use of water prohibited.
     Section 486.9 ‑ Assessment; notice to non-resident.
     Section 486.10 ‑ Assessment; mortgage lien; preference.
     Section 486.11 ‑ Mortgage lien; certificate, contents, recording.
     Section 486.12 ‑ Mortgage lien; foreclosure.
     Section 486.13 ‑ Mortgage lien; commencement of suit after 60 days.
     Section 486.14 ‑ Meetings of members of associations; notice, proof of service, filing.
     Section 486.15 ‑ Watchman; appointment, duties, compensation.
     Section 486.16 ‑ Contracts made by board of directors.
     Section 486.17 ‑ Treasurer; duties.
     Section 486.18 ‑ Assessment; recovery, interest.
     Section 486.19 ‑ Disposition of funds at annual meeting.
     Section 486.20 ‑ By-laws of association; regulations, promulgation, publishing, enforcement; meetings.
     Section 486.21 ‑ Stockholder's liability.
     Section 486.22 ‑ Tenants in common; consent for improvements and repairs, liability.
Act 39 of 1883 ‑ WATER POWER COMPANIES (486.51 - 486.66)
     Section 486.51 ‑ Water power and supply corporations; incorporators; powers.
     Section 486.52 ‑ Certificate; contents; recording and filing.
     Section 486.53 ‑ Body corporate; governing laws.
     Section 486.54 ‑ Board of directors; members, election, qualification.
     Section 486.55 ‑ Board of directors; election, notice.
     Section 486.56 ‑ Board of directors; majority control.
     Section 486.57 ‑ Capital stock; subscriptions; increase, procedure.
     Section 486.58 ‑ Capital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser's rights.
     Section 486.59 ‑ Corporate powers; liabilities and restrictions.
     Section 486.60 ‑ Power to construct railroads, telegraph and telephone lines; holding of realty.
     Section 486.61 ‑ Furnishing and use of water; rent, collection.
     Section 486.62 ‑ Injury to stream or property; misdemeanor, penalty.
     Section 486.63 ‑ Board of directors; annual report, contents.
     Section 486.65 ‑ Stockholder's liability; recovery prerequisites.
     Section 486.66 ‑ Shares deemed personal property; transfer.
Act 202 of 1887 ‑ WATER POWER COMPANIES (486.101 - 486.116)
     Section 486.101 ‑ Water power and supply corporations; incorporators; powers.
     Section 486.102 ‑ Certificate; contents; recording and filing.
     Section 486.103 ‑ Body corporate; governing laws.
     Section 486.104 ‑ Board of directors; members, election, qualification.
     Section 486.105 ‑ Board of directors; election, notice.
     Section 486.106 ‑ Board of directors; majority control.
     Section 486.107 ‑ Capital stock; subscriptions; increase; procedure.
     Section 486.108 ‑ Capital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser's rights.
     Section 486.109 ‑ Corporate powers, liabilities and restrictions.
     Section 486.110 ‑ Power to construct railroads, telegraph and telephone lines; holding of realty.
     Section 486.111 ‑ Furnishing and use of water; rent, collection.
     Section 486.112 ‑ Injury to stream or property; misdemeanor, penalty.
     Section 486.113 ‑ Board of directors; annual report, contents.
     Section 486.114 ‑ Realty; purchase, holding, disposal; limitations.
     Section 486.115 ‑ Stockholder's liability; recovery prerequisites.
     Section 486.116 ‑ Shares deemed personal property; transfer.
Act 283 of 1905 ‑ WATER POWER COMPANIES (486.201 - 486.216)
     Section 486.201 ‑ Water power and supply corporations in upper peninsula; incorporators; powers.
     Section 486.202 ‑ Certificate; contents; recording and filing.
     Section 486.203 ‑ Body corporate; governing laws.
     Section 486.204 ‑ Board of directors; members, election, qualifications.
     Section 486.205 ‑ Board of directors; election, notice.
     Section 486.206 ‑ Board of directors; majority control.
     Section 486.207 ‑ Capital stock; subscriptions; increase, procedure.
     Section 486.208 ‑ Capital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser's rights.
     Section 486.209 ‑ Corporate powers; liabilities and restrictions.
     Section 486.210 ‑ Power to construct railroad, telegraph and telephone lines; holding of realty.
     Section 486.211 ‑ Furnishing and use of water or power; compensation; right to sue and be sued.
     Section 486.212 ‑ Injury to stream or property; misdemeanor, penalty.
     Section 486.213 ‑ Board of directors; annual report, contents.
     Section 486.214 ‑ Realty; purchase, holding, disposal; personal property, disposal.
     Section 486.215 ‑ Stockholder's liability; recovery prerequisites.
     Section 486.216 ‑ Shares deemed personal property; transfer.
Act 238 of 1923 ‑ ELECTRIC AND GAS CORPORATIONS (486.251 - 486.255)
     Section 486.251 ‑ Electric and gas corporations; incorporators; powers.
     Section 486.252 ‑ Corporate powers.
     Section 486.252a‑486.252j ‑ Repealed. 1980, Act 87, Eff. Apr. 1, 1985.
     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.
     Section 486.254 ‑ Existing corporations; right of condemnation.
     Section 486.255 ‑ Independent transmission company or affiliated company; power to condemn property; limitation; procedures and requirements; definitions.
Act 113 of 1869 ‑ WATERWORKS (486.301 - 486.318)
     Section 486.301 ‑ Waterworks in municipalities; incorporators; powers.
     Section 486.302 ‑ Certificate; contents, filing and recording; body corporate, name.
     Section 486.303 ‑ Corporate power to hold property.
     Section 486.304 ‑ Capital stock; fixed amount, increase.
     Section 486.305 ‑ Officers; election, term, powers; quorum of stockholders; right to vote.
     Section 486.306 ‑ Corporate powers.
     Section 486.307 ‑ Acquisition and use of lands for purposes of act; survey and map, signing, filing; right of entry.
     Section 486.308 ‑ Condemnation proceedings.
     Section 486.309 ‑ Stock deemed personal property; certificates of stock, transfer; report to assessing officer.
     Section 486.310 ‑ Capital stock; subscriptions, calling in; sale, procedure, proceeds; rights of purchaser.
     Section 486.311 ‑ Stockholder's liability; recovery prerequisites; contribution to creditor.
     Section 486.312 ‑ Contract between municipality and company; obligations.
     Section 486.313 ‑ Stockholders; annual and special meetings.
     Section 486.314 ‑ Officers of company; designation, election, bonding.
     Section 486.315 ‑ Ordinances of common council; granting use of public property; rates of compensation.
     Section 486.316 ‑ Purchase of corporate rights and property by municipality; arbitration.
     Section 486.317 ‑ Municipality as stockholder; issuance of bonds, interest rate limit, tax levy; certain corporations as stockholders.
     Section 486.318 ‑ Company fully organized; qualification, powers, financial arrangements.
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.
     Section 486.352 ‑ Water supply companies; amendment of articles to show right to purchase and operate electrical plants.
     Section 486.353 ‑ Company or corporate powers.
Act 82 of 1901 ‑ WATER SUPPLY COMPANIES; CONTINUANCE OF CORPORATE LIFE (486.401 - 486.402)
     Section 486.401 ‑ Municipal water supply companies; continuance of corporate life, procedure; prima facie evidence.
     Section 486.402 ‑ Renewed corporation; rights and duties.
Act 6 of 1956 (Ex. Sess.) ‑ TOWNSHIP WATER SYSTEM ACT OF 1956 (486.501 - 486.508)
     Section 486.501 ‑ Corporations to supply water to townships; incorporators.
     Section 486.502 ‑ Contracts; corporate powers; written consent for use of street, highway or alley to lay pipe or main.
     Section 486.503 ‑ Great Lakes waters; construction of works.
     Section 486.504 ‑ Townships contracting for purchase of water; resolution, hearing; ordinances, publication; petitions.
     Section 486.504a ‑ Violation of MCL 168.1 to 168.992 applicable to petitions; penalties.
     Section 486.505 ‑ Townships contracting for purchase of water; ordinance effective; contract execution.
     Section 486.506 ‑ Townships contracting for purchase of water; renewal, extension or amendment of contract.
     Section 486.507 ‑ Purchase of waterworks; procedure.
     Section 486.508 ‑ Township water system act of 1956; short title.
Act 19 of 1967 ‑ Repealed-WATER COMPANIES (486.551 - 486.571)