Sec. 2.
Such persons, under their hands and seals, shall make a certificate which shall specify:
First, The name of the corporation;
Second, A statement of the amount of capital stock of such company, and the number of shares into which the capital stock shall be divided;
Third, The county or counties within this state in the upper peninsula thereof, in which such canal is to be excavated and constructed, and the operations of said company carried on;
Fourth, The business and object of said company in general terms;
Fifth, The names and places of residence of the stockholders, and the number of shares held by each of them respectively;
Sixth, The names of the first directors, being not more than 7 and not less than 3;
Seventh, The place in this state where their office for the transaction of business is located;
Eighth, The term of existence of such corporation, which certificate shall be acknowledged as deeds are required to be acknowledged, and recorded in the office of the clerk of the county in which the office of said company for the transaction of business is located, and a copy thereof filed in the office of the secretary of state.
History: 1905, Act 283, Eff. Sept. 16, 1905 ;-- CL 1915, 8921 ;-- CL 1929, 11856 ;-- CL 1948, 486.202
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.