Section 486.314 – Officers of Company; Designation, Election, Bonding.
486.314 Officers of company; designation, election, bonding. Sec. 14. The officers of such company shall be a president, who also shall be a director, a secretary, a treasurer, and such other officers, agents and servants, as the board of directors shall deem necessary for the transaction of the business of the company; such officers shall […]
Section 486.315 – Ordinances of Common Council; Granting Use of Public Property; Rates of Compensation.
486.315 Ordinances of common council; granting use of public property; rates of compensation. Sec. 15. Whenever any such company shall have been duly organized, it shall be the duty of the common council of any such city or village or the proper authorities of any such town, by ordinance, to grant to such company such […]
Section 486.316 – Purchase of Corporate Rights and Property by Municipality; Arbitration.
486.316 Purchase of corporate rights and property by municipality; arbitration. Sec. 16. From and after the expiration of 25 years from the time of the organization of such company, the common council of the city, town or village, for which the said company may have erected its works, shall have the right and privilege of […]
Section 486.317 – Municipality as Stockholder; Issuance of Bonds, Interest Rate Limit, Tax Levy; Certain Corporations as Stockholders.
486.317 Municipality as stockholder; issuance of bonds, interest rate limit, tax levy; certain corporations as stockholders. Sec. 17. Any such city, town or village may become a stockholder in any such company whenever the common council shall so direct, by resolution duly entered upon its minutes, after the question of so doing shall have been […]
Section 486.318 – Company Fully Organized; Qualification, Powers, Financial Arrangements.
486.318 Company fully organized; qualification, powers, financial arrangements. Sec. 18. Any such company shall be deemed to be fully organized whenever half the capital stock named in its articles of association shall have been in good faith subscribed and 10 per cent. thereof paid in and may thereupon enter on the work of construction; and […]
Section 486.351 – Water Supply Companies; Right to Purchase and Operate Electrical Plants.
486.351 Water supply companies; right to purchase and operate electrical plants. Sec. 1. That any company or corporation hereafter organized for the purpose of supplying water to any city, town or village in this state, the population whereof does not exceed 25,000 inhabitants according to the last official census thereof preceding the organization of such […]
Section 486.352 – Water Supply Companies; Amendment of Articles to Show Right to Purchase and Operate Electrical Plants.
486.352 Water supply companies; amendment of articles to show right to purchase and operate electrical plants. Sec. 2. Any company or corporation heretofore organized and doing business under and by virtue of the general laws of this state, and operating a waterworks system in any city, town or village in this state, the population whereof […]
Section 486.353 – Company or Corporate Powers.
486.353 Company or corporate powers. Sec. 3. Every such company or corporation shall have the right to acquire and hold all such real and personal property as shall be necessary, in addition to that provided for by the general laws of this state under which it is organized, for the carrying on of the business […]
Section 486.306 – Corporate Powers.
486.306 Corporate powers. Sec. 6. Any corporation formed under this act shall have power to introduce water into any town, city or village in the state named in their articles of incorporation, and where the said corporation is located, for public or private buildings or for other purposes; and for that purpose they are authorized […]
Section 486.401 – Municipal Water Supply Companies; Continuance of Corporate Life, Procedure; Prima Facie Evidence.
486.401 Municipal water supply companies; continuance of corporate life, procedure; prima facie evidence. Sec. 1. It shall be lawful for any corporation heretofore or hereafter organized under the laws of this state for the purpose of the introduction of water into towns, cities and villages, whose corporate existence is about to terminate by limitation of […]