§ 486.1 Water power companies; incorporators; notice of formation; articles of association, contents
§ 486.2 Articles of association; signing, filing, evidence; body corporate, powers
§ 486.3 Board of directors; annual election, notice; officers, treasurer’s bond; vacancy
§ 486.4 Membership in association; procedure, rights
§ 486.5 Repairs; permanent improvements, approval of members; expense
§ 486.6 Repairs; statement, filing, contents
§ 486.7 Assessment for repairs or improvements
§ 486.8 Assessment; collection; non-payment, use of water prohibited
§ 486.9 Assessment; notice to non-resident
§ 486.10 Assessment; mortgage lien; preference
§ 486.11 Mortgage lien; certificate, contents, recording
§ 486.12 Mortgage lien; foreclosure
§ 486.13 Mortgage lien; commencement of suit after 60 days
§ 486.14 Meetings of members of associations; notice, proof of service, filing
§ 486.15 Watchman; appointment, duties, compensation
§ 486.16 Contracts made by board of directors
§ 486.17 Treasurer; duties
§ 486.18 Assessment; recovery, interest
§ 486.19 Disposition of funds at annual meeting
§ 486.20 By-laws of association; regulations, promulgation, publishing, enforcement; meetings
§ 486.21 Stockholder’s liability
§ 486.22 Tenants in common; consent for improvements and repairs, liability
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Terms Used In Michigan Laws > Chapter 486 > Act 232 of 1863 - Water Power Companies

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • 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
  • Arrest: Taking physical custody of a person by lawful authority.
  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • in writing: shall be construed to include printing, engraving, and lithographing; except that if the written signature of a person is required by law, the signature shall be the proper handwriting of the person or, if the person is unable to write, the person's proper mark, which may be, unless otherwise expressly prohibited by law, a clear and classifiable fingerprint of the person made with ink or another substance. See Michigan Laws 8.3q
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • 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