Michigan Compiled Laws
Act 232 of 1863 - Water Power Companies (486.1 - 486.22)
Section 486.2 - Articles of Association; Signing, Filing, Evidence; Body Corporate, Powers.

Sec. 2.
Each subscriber to such articles of association shall subscribe thereto his name and place of residence. The said articles of association shall be filed in the office of the secretary of state, and thereupon the persons who have so subscribed, and all persons who from time to time shall associate with them, shall be a body corporate, by the name specified in such articles, and as such shall be capable of suing and being sued, in all courts, and in all manner of actions, and may have a common seal. A copy of any articles of association, filed in pursuance of this section, with a copy of an affidavit, made by at least 2 of the directors named therein, setting forth that all prior proceedings of said association, had been in strict conformity with all the provisions of this act endorsed thereon, or annexed thereto, and certified by the secretary of state, to be a true copy of the whole of such articles of association, and of such affidavit, shall be in all courts and places presumptive evidence of the incorporation of such company, and the facts therein stated.
History: 1863, Act 232, Eff. June 22, 1863 ;-- CL 1871, 2746 ;-- How. 3875 ;-- CL 1897, 6768 ;-- CL 1915, 8868 ;-- CL 1929, 11803 ;-- CL 1948, 486.2

Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 486 - Water and Power Companies

Act 232 of 1863 - Water Power Companies (486.1 - 486.22)

Section 486.1 - Water Power Companies; Incorporators; Notice of Formation; Articles of Association, Contents.

Section 486.2 - Articles of Association; Signing, Filing, Evidence; Body Corporate, Powers.

Section 486.3 - Board of Directors; Annual Election, Notice; Officers, Treasurer's Bond; Vacancy.

Section 486.4 - Membership in Association; Procedure, Rights.

Section 486.5 - Repairs; Permanent Improvements, Approval of Members; Expense.

Section 486.6 - Repairs; Statement, Filing, Contents.

Section 486.7 - Assessment for Repairs or Improvements.

Section 486.8 - Assessment; Collection; Non-Payment, Use of Water Prohibited.

Section 486.9 - Assessment; Notice to Non-Resident.

Section 486.10 - Assessment; Mortgage Lien; Preference.

Section 486.11 - Mortgage Lien; Certificate, Contents, Recording.

Section 486.12 - Mortgage Lien; Foreclosure.

Section 486.13 - Mortgage Lien; Commencement of Suit After 60 Days.

Section 486.14 - Meetings of Members of Associations; Notice, Proof of Service, Filing.

Section 486.15 - Watchman; Appointment, Duties, Compensation.

Section 486.16 - Contracts Made by Board of Directors.

Section 486.17 - Treasurer; Duties.

Section 486.18 - Assessment; Recovery, Interest.

Section 486.19 - Disposition of Funds at Annual Meeting.

Section 486.20 - By-Laws of Association; Regulations, Promulgation, Publishing, Enforcement; Meetings.

Section 486.21 - Stockholder's Liability.

Section 486.22 - Tenants in Common; Consent for Improvements and Repairs, Liability.