Sec. 5.
In case it shall happen that an election for directors shall not be held as provided, the said corporation shall not be for that reason dissolved, but such election shall be held on some future day to be fixed by the directors holding over, upon giving the notice therefor as in this act provided.
History: 1887, Act 202, Imd. Eff. June 18, 1887 ;-- How. 3895v ;-- CL 1897, 6810 ;-- CL 1915, 8908 ;-- CL 1929, 11843 ;-- CL 1948, 486.105
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.