Sec. 1.
That any number of persons may form themselves into a corporation for the purpose of damming any stream or streams, and of excavating and constructing, maintaining, repairing and improving any stream or canal already existing, or which they may wish to excavate and construct, with water power appurtenant thereto, and may own, lease, use and control the same for the purpose of accumulating, storing, manufacturing, conducting, using or selling, furnishing and supplying water and water power, electricity and electric power, and all and every kind of power for any and all purposes, and may acquire, hold, lease and convey lands or water power as may be necessary or convenient for the purposes above specified in the upper peninsula of Michigan, by complying with the following requirements.
History: 1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8920 ;-- CL 1929, 11855 ;-- CL 1948, 486.201
Structure Michigan Compiled Laws
Chapter 486 - Water and Power Companies
Act 283 of 1905 - Water Power Companies (486.201 - 486.216)
Section 486.201 - Water Power and Supply Corporations in Upper Peninsula; Incorporators; Powers.
Section 486.202 - Certificate; Contents; Recording and Filing.
Section 486.203 - Body Corporate; Governing Laws.
Section 486.204 - Board of Directors; Members, Election, Qualifications.
Section 486.205 - Board of Directors; Election, Notice.
Section 486.206 - Board of Directors; Majority Control.
Section 486.207 - Capital Stock; Subscriptions; Increase, Procedure.
Section 486.209 - Corporate Powers; Liabilities and Restrictions.
Section 486.210 - Power to Construct Railroad, Telegraph and Telephone Lines; Holding of Realty.
Section 486.211 - Furnishing and Use of Water or Power; Compensation; Right to Sue and Be Sued.
Section 486.212 - Injury to Stream or Property; Misdemeanor, Penalty.
Section 486.213 - Board of Directors; Annual Report, Contents.
Section 486.214 - Realty; Purchase, Holding, Disposal; Personal Property, Disposal.
Section 486.215 - Stockholder's Liability; Recovery Prerequisites.
Section 486.216 - Shares Deemed Personal Property; Transfer.