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CONSOLIDATION OF GAS LIGHT, CONSOLIDATED, AND FOREIGN COMPANIES
Act 54 of 1903
AN ACT to authorize any gas light company and any consolidated company formed by the union of a street railway and electric light company, being corporations organized under the laws of this state, and having their principal place of business in the same town, village or city, to unite and consolidate with any corporation organized under the laws of an adjoining state, and which, under and by virtue of the rights, powers and franchises possessed and enjoyed by it under the laws of such adjoining state, owns and operates a street railway therein and also manufactures, produces, generates, sells and furnishes gas and electricity for heating, lighting and power purposes, where the street railway lines of the 2 corporations last mentioned shall form a connecting and continuous line of railway between this state and such adjoining state.
History: 1903, Act 54, Imd. Eff. Apr. 23, 1903
© 2017 Legislative Council, State of Michigan
The People of the State of Michigan enact:
|Section 473.61||Section||Consolidation of gas light, consolidated and foreign companies; restriction.
|Section 473.62||Section||Consolidation agreement; contents.
|Section 473.63||Section||Consolidation agreement; ratification by stockholders.
|Section 473.64||Section||Completion of consolidation; evidence.
|Section 473.65||Section||Consolidated company; rights, powers and duties.