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 shall be subject to and governed by all the general provisions relating to corporations embraced in chapter 130 of the Compiled Laws of the state of Michigan, now in force, so far as the same shall be applicable thereto.
History: 1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 2895t ;-- CL 1897, 6808 ;-- CL 1915, 8906 ;-- CL 1929, 11841 ;-- CL 1948, 486.103 Compiler's Notes: For provisions of chapter 130, referred to in this section, see MCL 450.504 et seq.
Structure Michigan Compiled Laws
Chapter 486 - Water and Power Companies
Act 202 of 1887 - Water Power Companies (486.101 - 486.116)
Section 486.101 - Water Power and Supply Corporations; Incorporators; Powers.
Section 486.102 - Certificate; Contents; Recording and Filing.
Section 486.103 - Body Corporate; Governing Laws.
Section 486.104 - Board of Directors; Members, Election, Qualification.
Section 486.105 - Board of Directors; Election, Notice.
Section 486.106 - Board of Directors; Majority Control.
Section 486.107 - Capital Stock; Subscriptions; Increase; Procedure.
Section 486.109 - Corporate Powers, Liabilities and Restrictions.
Section 486.110 - Power to Construct Railroads, Telegraph and Telephone Lines; Holding of Realty.
Section 486.111 - Furnishing and Use of Water; Rent, Collection.
Section 486.112 - Injury to Stream or Property; Misdemeanor, Penalty.
Section 486.113 - Board of Directors; Annual Report, Contents.
Section 486.114 - Realty; Purchase, Holding, Disposal; Limitations.
Section 486.115 - Stockholder's Liability; Recovery Prerequisites.
Section 486.116 - Shares Deemed Personal Property; Transfer.