Michigan Laws > Chapter 486 > Act 39 of 1883 – Water Power Companies


§ 486.51	Water power and supply corporations; incorporators; powers
§ 486.52	Certificate; contents; recording and filing
§ 486.53	Body corporate; governing laws
§ 486.54	Board of directors; members, election, qualification
§ 486.55	Board of directors; election, notice
§ 486.56	Board of directors; majority control
§ 486.57	Capital stock; subscriptions; increase, procedure
§ 486.58	Capital stock; subscriptions, calling in; sale, procedure, proceeds; purchaser’s rights
§ 486.59	Corporate powers; liabilities and restrictions
§ 486.60	Power to construct railroads, telegraph and telephone lines; holding of realty
§ 486.61	Furnishing and use of water; rent, collection
§ 486.62	Injury to stream or property; misdemeanor, penalty
§ 486.63	Board of directors; annual report, contents
§ 486.65	Stockholder’s liability; recovery prerequisites
§ 486.66	Shares deemed personal property; transfer

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.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
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.
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