Sec. 5.
Such consolidated company shall have and succeed to all the property, powers, rights, privileges, franchises and immunities possessed and enjoyed by the constituent corporations forming the same, which were organized under the laws of this state; and such new corporation shall be subject to all restrictions and perform all duties imposed upon it by the laws of this state, and shall be and constitute a body corporate, under and by virtue of the laws of the state of Michigan.
History: 1903, Act 54, Imd. Eff. Apr. 23, 1903 ;-- CL 1915, 8577 ;-- CL 1929, 11337 ;-- CL 1948, 473.65
Structure Michigan Compiled Laws
Chapter 473 - Consolidated Public Utility Companies
Act 54 of 1903 - Consolidation of Gas Light, Consolidated, and Foreign Companies (473.61 - 473.65)
Section 473.61 - Consolidation of Gas Light, Consolidated and Foreign Companies; Restriction.
Section 473.62 - Consolidation Agreement; Contents.
Section 473.63 - Consolidation Agreement; Ratification by Stockholders.
Section 473.64 - Completion of Consolidation; Evidence.
Section 473.65 - Consolidated Company; Rights, Powers and Duties.