Section 485.21 – Canal or Improvement, Purchase by County; Procedure; Operation; Sale to United States.
485.21 Canal or improvement, purchase by county; procedure; operation; sale to United States. Sec. 21. Any county through which any such improved river or stream shall pass, or in which the greater part of any such improvements have been constructed, or which any canal shall have been constructed, within the provisions of this act, shall […]
Section 485.22 – Canal or Improvement, Purchase by County; Procedure; Submission to Electors; Bonds, Issuance.
485.22 Canal or improvement, purchase by county; procedure; submission to electors; bonds, issuance. Sec. 22. The board of supervisors of any such county may at any time, by a majority vote, submit the question of purchasing any such canal, harbor or improvement, to the electors of said county; and if a majority of the electors […]
Section 485.23 – Re-Instated Corporations.
485.23 Re-instated corporations. Sec. 23. The corporations heretofore formed under said chapter 84 in the upper peninsula and in Branch and Macomb counties, are herein re-instated in all their rights, privileges, franchise, and property. History: 1875, Act 233, Imd. Eff. May 4, 1875 ;– Am. 1879, Act 39, Imd. Eff. Apr. 18, 1879 ;– How. […]
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 485.1 – Canal or Harbor Company; Incorporators, Procedure; Articles, Contents.
485.1 Canal or harbor company; incorporators, procedure; articles, contents. Sec. 1. Any number of persons, not less than 3, may be formed into a corporation for the purpose of constructing a canal or harbor, or improving the navigation of any river or stream in the upper peninsula and in Branch and Macomb counties, by dredging […]
Section 485.2 – Articles; Signing, Filing; Powers of Company.
485.2 Articles; signing, filing; powers of company. Sec. 2. Each subscriber to such articles of association shall subscribe thereto his name and place of residence, and the number of shares of stock taken by him. The said articles shall be filed in the office of the secretary of state, and thereupon the persons who have […]
Section 485.3 – Articles; Filing, Prerequisites; Vote of Stockholder.
485.3 Articles; filing, prerequisites; vote of stockholder. Sec. 3. Such articles of agreement shall not be filed in the office of the secretary of state until 5 per cent of the capital subscribed shall have been paid to the directors named in the articles, nor until there is endorsed on said articles, or annexed thereto, […]
Section 485.4 – Articles; Certified Copy as Evidence.
485.4 Articles; certified copy as evidence. Sec. 4. A copy of said articles, filed in pursuance of this act, certified by the secretary of state to be a true copy, and of the whole thereof, shall be in all courts and places presumptive evidence of the incorporation of such company and of the facts therein […]
Section 485.5 – Directors; Number, Election, Term, Vacancy.
485.5 Directors; number, election, term, vacancy. Sec. 5. The business and property of such company shall be managed by a board of not less than 3, nor more than 7 directors, who after the first year shall be elected annually, at such time and place as the by-laws direct, and public notice shall be given […]