Sec. 10.
Said corporation may, in the exercise of its discretion erect along the line of its canal, or over different portions of its property, such railroads as may be necessary for connecting manufacturing establishments situated upon or connected with their premises or enjoying water privileges from them with any line of railroad or any harbor near them, and such telegraph lines or telephonic lines as may be reasonably necessary or convenient in connection therewith. Said corporation may purchase and hold such tracts of land along the line of its canal and water courses, as may reasonably be necessary or convenient for the conveying of water, storing it, and dispensing and dividing it among those who wish to purchase or lease it for any of the purposes mentioned in this act, or for the purpose of erecting manufactories or mills upon.
History: 1883, Act 39, Imd. Eff. Apr. 21, 1883 ;-- How. 3895j ;-- CL 1897, 6798 ;-- CL 1915, 8898 ;-- CL 1929, 11833 ;-- CL 1948, 486.60 Popular Name: Water Company Act
Structure Michigan Compiled Laws
Chapter 486 - Water and Power Companies
Act 39 of 1883 - Water Power Companies (486.51 - 486.66)
Section 486.51 - Water Power and Supply Corporations; Incorporators; Powers.
Section 486.52 - Certificate; Contents; Recording and Filing.
Section 486.53 - Body Corporate; Governing Laws.
Section 486.54 - Board of Directors; Members, Election, Qualification.
Section 486.55 - Board of Directors; Election, Notice.
Section 486.56 - Board of Directors; Majority Control.
Section 486.57 - Capital Stock; Subscriptions; Increase, Procedure.
Section 486.59 - Corporate Powers; Liabilities and Restrictions.
Section 486.60 - Power to Construct Railroads, Telegraph and Telephone Lines; Holding of Realty.
Section 486.61 - Furnishing and Use of Water; Rent, Collection.
Section 486.62 - Injury to Stream or Property; Misdemeanor, Penalty.
Section 486.63 - Board of Directors; Annual Report, Contents.
Section 486.65 - Stockholder's Liability; Recovery Prerequisites.