Sec. 9.
Every such corporation shall, annually, within 10 days from the first of January, make a report which shall state the amount of capital and the amount actually paid in, the investment of any portion of the earnings of such company in its business, and the whole amount of money which has at any time been borrowed and then remaining unpaid; the commencement, general route, termination and length of the lines of the wires of such company, and the names of the places through which they pass; which report shall be signed by the president and a majority of the directors, and shall be verified by the oath of the president or secretary of such corporation, and filed in the office of the clerk of the county in which the business of any such company is carried on, and a duplicate thereof in the office of the secretary of state; and if any such company shall fail so to do, all the directors thereof shall be jointly and severally liable for all the debts of the company then existing, and that shall be contracted before such report shall be made.
History: 1851, Act 59, Imd. Eff. Mar. 20, 1851 ;-- CL 1857, 2057 ;-- CL 1871, 2633 ;-- How. 3701 ;-- CL 1897, 6675 ;-- CL 1915, 8775 ;-- CL 1929, 11671 ;-- CL 1948, 484.159
Structure Michigan Compiled Laws
Chapter 484 - Telephone, Telegraph, and Radio
Act 59 of 1851 - Telegraph Companies (484.151 - 484.172)
Section 484.151 - Telegraph Companies; Incorporators.
Section 484.152 - Telegraph Companies; Certificate of Organization, Contents, Filing.
Section 484.153 - Body Corporate; Certified Copy of Certificate as Evidence.
Section 484.154 - Power to Hold Realty; Officers and Agents; Rules and By-Laws.
Section 484.155 - Telegraph Lines; Construction, Restrictions.
Section 484.156 - Aggrieved Property Owner; Remedy, Procedure.
Section 484.157 - Injury to Line; Penalty.
Section 484.158 - Stockholder's Liability for Corporate Debts; Contribution.
Section 484.159 - Annual Report; Contents; Failure to Make, Liability of Directors.
Section 484.160 - Annual Tax; in Lieu of Other State Taxes.
Section 484.161 - Shares of Stock; Status as Personalty, Transfer, Purchase in Other Corporations.
Section 484.163 - Books; Inspection, Use as Evidence; Penalty, Forfeiture.
Section 484.164 - Transmission of Dispatches; Penalty.
Section 484.165 - Transmission of Dispatches; Order of Transmission; Penalty.
Section 484.166 - Divulging Contents; Willful Failure to Transmit; Penalty, Civil Liability.
Section 484.167 - State's Lien for Taxes; Sale; Surplus.
Section 484.168 - Amendment or Repeal of Act.
Section 484.169 - Immediate Effect.
Section 484.170 - Appraisal of Damages; Lands in More Than 1 County.
Section 484.171 - Appraisal of Damages; Contiguous Lands of Same Person.
Section 484.172 - Amendment to Articles; Filing, Recording, Use of Certified Copy as Evidence.