§ 486.301 Waterworks in municipalities; incorporators; powers
§ 486.302 Certificate; contents, filing and recording; body corporate, name
§ 486.303 Corporate power to hold property
§ 486.304 Capital stock; fixed amount, increase
§ 486.305 Officers; election, term, powers; quorum of stockholders; right to vote
§ 486.306 Corporate powers
§ 486.307 Acquisition and use of lands for purposes of act; survey and map, signing, filing; right of entry
§ 486.308 Condemnation proceedings
§ 486.309 Stock deemed personal property; certificates of stock, transfer; report to assessing officer
§ 486.310 Capital stock; subscriptions, calling in; sale, procedure, proceeds; rights of purchaser
§ 486.311 Stockholder’s liability; recovery prerequisites; contribution to creditor
§ 486.312 Contract between municipality and company; obligations
§ 486.313 Stockholders; annual and special meetings
§ 486.314 Officers of company; designation, election, bonding
§ 486.315 Ordinances of common council; granting use of public property; rates of compensation
§ 486.316 Purchase of corporate rights and property by municipality; arbitration
§ 486.317 Municipality as stockholder; issuance of bonds, interest rate limit, tax levy; certain corporations as stockholders
§ 486.318 Company fully organized; qualification, powers, financial arrangements

Terms Used In Michigan Laws > Chapter 486 > Act 113 of 1869 - Waterworks

  • annual meeting: when applied to townships, mean the annual meeting required by law to be held on the Saturday immediately preceding the first Monday in April. See Michigan Laws 8.3d
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
  • Personal property: All property that is not real property.
  • Quorum: The number of legislators that must be present to do business.
  • seal: shall be construed to include any of the following:
  (a) The impression of the seal on the paper alone. See Michigan Laws 8.3n
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
  • Statute: A law passed by a legislature.