Sec. 24.
Corporations may be formed under this act in the upper peninsula and Branch and Macomb counties for the purpose of operating and further improving any canal or improvement in the upper peninsula and Branch and Macomb counties, of any corporation formed under the act hereby re-instated, and may purchase the canal or other improvements, lands, or other property of such corporations.
History: 1875, Act 233, Imd. Eff. May 4, 1875 ;-- Am. 1879, Act 39, Imd. Eff. Apr. 18, 1879 ;-- How. 3843 ;-- Am. 1885, Act 197, Imd. Eff. June 16, 1885 ;-- CL 1897, 6719 ;-- CL 1915, 8820 ;-- CL 1929, 11755 ;-- CL 1948, 485.24
Structure Michigan Compiled Laws
Chapter 485 - Canal, Harbor, and River Improvement Companies
Act 233 of 1875 - Canal or Harbor Companies (485.1 - 485.25)
Section 485.1 - Canal or Harbor Company; Incorporators, Procedure; Articles, Contents.
Section 485.2 - Articles; Signing, Filing; Powers of Company.
Section 485.3 - Articles; Filing, Prerequisites; Vote of Stockholder.
Section 485.4 - Articles; Certified Copy as Evidence.
Section 485.5 - Directors; Number, Election, Term, Vacancy.
Section 485.6 - Directors; Quorum; Selection of Officers.
Section 485.7 - President and Directors; Powers; Annual Report, Contents.
Section 485.8 - Construction of Route; Restrictions.
Section 485.9 - Real Estate; Power to Hold.
Section 485.10 - Condemnation; Procedure; Use of Property.
Section 485.11 - Tolls and Charges; Establishment, Lien, Evidence.
Section 485.12 - Injury to Property; Violation of Regulation; Liability for Damages, Lien.
Section 485.13 - Repair of Bridges.
Section 485.14 - Stockholder's Liability; Recovery Prerequisites; Subrogation; Contribution.
Section 485.15 - Avoidance of Payment of Toll; Penalty.
Section 485.16 - Amendment or Repeal.
Section 485.18 - Existing Corporation; Organization Under Act, Preference in Subscription.
Section 485.19 - Failure to Furnish Cargo Statement; Penalty.
Section 485.20 - Bonds; Issuance, Restrictions.
Section 485.23 - Re-Instated Corporations.
Section 485.24 - Re-Instated Corporations; Formation of Companies to Purchase and Operate.
Section 485.25 - Purchasing Corporation; Powers and Duties; Log Interest; Public Rights.