Section 485.24 – Re-Instated Corporations; Formation of Companies to Purchase and Operate.
485.24 Re-instated corporations; formation of companies to purchase and operate. Sec. 24. Corporations may be formed under this act in the upper peninsula and Branch and Macomb counties for the purpose of operating and further improving any canal or improvement in the upper peninsula and Branch and Macomb counties, of any corporation formed under the […]
Section 485.25 – Purchasing Corporation; Powers and Duties; Log Interest; Public Rights.
485.25 Purchasing corporation; powers and duties; log interest; public rights. Sec. 25. When any such corporation shall have purchased any canal or other improvements, lands, or other property of any such other corporation under the provisions of section 24 of this act, the rate of tolls shall not thereafter be increased, but the corporation purchasing […]
Section 485.11 – Tolls and Charges; Establishment, Lien, Evidence.
485.11 Tolls and charges; establishment, lien, evidence. Sec. 11. Any such company shall be authorized to charge, demand, and receive such rates of toll for the use of said canal or harbor, or for the use of any river or stream of this state, improved by said company, or for any dock, wharf, or other […]
Section 485.12 – Injury to Property; Violation of Regulation; Liability for Damages, Lien.
485.12 Injury to property; violation of regulation; liability for damages, lien. Sec. 12. If any person shall willfully obstruct, or in anywise injure any such canal, harbor, or improvements, or any dock, wharf, or other fixture connected therewith, or shall violate any rule or regulation established by said company, such person, or [such] boat or […]
Section 485.13 – Repair of Bridges.
485.13 Repair of bridges. Sec. 13. Whenever any canal shall cross any highway, the company shall make and keep in good repair such bridges as the board of supervisors of the county in which such canal is located shall direct. History: 1875, Act 233, Imd. Eff. May 4, 1875 ;– How. 3832 ;– CL 1897, […]
Section 485.14 – Stockholder’s Liability; Recovery Prerequisites; Subrogation; Contribution.
485.14 Stockholder’s liability; recovery prerequisites; subrogation; contribution. Sec. 14. The stockholders of said companies incorporated under this act, shall be jointly and severally liable for all labor performed for such company; but no suit shall be brought against any individual stockholder for any debt of said company until judgment on the demand shall have been […]
Section 485.15 – Avoidance of Payment of Toll; Penalty.
485.15 Avoidance of payment of toll; penalty. Sec. 15. Any boat, vessel, raft, or craft which shall willfully pass through said canal or said improvement without paying the toll required, shall be liable to pay to said company the sum of 100 dollars, to be collected by proceeding against said boat or against the owners […]
Section 485.16 – Amendment or Repeal.
485.16 Amendment or repeal. Sec. 16. The legislature shall, at all times hereafter, have the free right to alter, amend or repeal this act. History: 1875, Act 233, Imd. Eff. May 4, 1875 ;– How. 3835 ;– CL 1897, 6711 ;– CL 1915, 8812 ;– CL 1929, 11747 ;– CL 1948, 485.16
Section 485.17 – Taxation.
485.17 Taxation. Sec. 17. All corporations formed or existing under this act shall be liable to be assessed for all real and personal estate held by them in this state, as provided by law for the assessment of other real and personal estate, and shall pay thereon a tax for township, village, city, county, state […]
Section 485.18 – Existing Corporation; Organization Under Act, Preference in Subscription.
485.18 Existing corporation; organization under act, preference in subscription. Sec. 18. Any person or private association or corporation in the upper peninsula and Branch and Macomb counties, who have previous to the passage of this re-enacted and amended act, constructed any canal or harbor, or have improved the navigation of any river or stream in […]