Sec. 3.
Upon complying with the provisions of the last preceding section, such company shall be a body corporate by the name designated in said certificate, and as such shall be capable of suing and being sued in all courts, and may have a common seal, may elect in such manner as hereinafter provided all necessary officers, and determine their duties and make, from time to time, such by-laws, not inconsistent with the constitution and laws of this state, as a majority of the stockholders shall direct.
History: 1887, Act 91, Imd. Eff. Apr. 26, 1887 ;-- How. 3873c ;-- CL 1897, 6752 ;-- CL 1915, 8852 ;-- CL 1929, 11787 ;-- CL 1948, 485.203
Structure Michigan Compiled Laws
Chapter 485 - Canal, Harbor, and River Improvement Companies
Act 91 of 1887 - Improvement of State Boundary Rivers (485.201 - 485.214)
Section 485.201 - Corporations to Improve State Boundary Rivers; Incorporators.
Section 485.203 - Corporations to Improve State Boundary Rivers; Body Corporate, Powers.
Section 485.204 - Annual Report; Contents, Filing, Inspection by Stockholders.
Section 485.205 - Stock Divided Into Shares; Increase.
Section 485.206 - First Meeting; Calling.
Section 485.207 - Directors; Powers, Election, Term, Officers, Selection, Term.
Section 485.208 - Directors; Stockholders; Quorum; Voting.
Section 485.209 - Property; Holding.
Section 485.210 - Condemnation.
Section 485.211 - Improvement Powers; Repair Duty; Driving of Logs; Tolls and Expenses, Lien.