Section 486.307 – Acquisition and Use of Lands for Purposes of Act; Survey and Map, Signing, Filing; Right of Entry.
486.307 Acquisition and use of lands for purposes of act; survey and map, signing, filing; right of entry. Sec. 7. Before entering, taking or using any lands for the purposes of this act, the directors of the company shall cause a survey and map to be made of the lands intended to be taken, or […]
Section 486.402 – Renewed Corporation; Rights and Duties.
486.402 Renewed corporation; rights and duties. Sec. 2. The renewed term of such corporation shall begin from the expiration of the former term thereof, and the corporation thus renewed shall hold and own all the property held and owned by the corporation before renewal, and shall be liable to all its debts, liabilities and obligations, […]
Section 486.308 – Condemnation Proceedings.
486.308 Condemnation proceedings. Sec. 8. In case said company cannot agree with the owners or occupants of any lands or water, intended to be taken or used as aforesaid, for the purchase thereof, said company may, for the purpose of acquiring the necessary title and right to said lands or water, present a petition to […]
Section 486.501 – Corporations to Supply Water to Townships; Incorporators.
486.501 Corporations to supply water to townships; incorporators. Sec. 1. Whenever the township board of a township or the township boards of 2 or more townships shall, by resolution, declare that it is expedient to have constructed a works, plant or system for the supplying of water to such township or townships or the inhabitants […]
Section 486.309 – Stock Deemed Personal Property; Certificates of Stock, Transfer; Report to Assessing Officer.
486.309 Stock deemed personal property; certificates of stock, transfer; report to assessing officer. Sec. 9. The stock of every such corporation shall be deemed personal property, and certificates of stock shall be issued to each stockholder on the full amount of his subscription being paid in; the said certificates of stock may be transferable, but […]
Section 486.502 – Contracts; Corporate Powers; Written Consent for Use of Street, Highway or Alley to Lay Pipe or Main.
486.502 Contracts; corporate powers; written consent for use of street, highway or alley to lay pipe or main. Sec. 2. Any corporation so formed under this act shall have the power to contract with any township or townships for the sale of water to said township or townships; and for that purpose it is authorized […]
Section 486.310 – Capital Stock; Subscriptions, Calling In; Sale, Procedure, Proceeds; Rights of Purchaser.
486.310 Capital stock; subscriptions, calling in; sale, procedure, proceeds; rights of purchaser. Sec. 10. The directors may call in subscriptions to the capital stock of such corporation, by installment, in such portions as they deem best, by giving notice thereof as provided by the by-laws; and in case any stockholder refuses or neglects to pay […]
Section 486.311 – Stockholder’s Liability; Recovery Prerequisites; Contribution to Creditor.
486.311 Stockholder’s liability; recovery prerequisites; contribution to creditor. Sec. 11. The stockholders of all corporations organized under this act shall be individually liable for any labor or services done or performed for said company, and they shall also be liable, as aforesaid, for the payment of all other debts or obligations contracted or incurred by […]
Section 486.252 – Corporate Powers.
486.252 Corporate powers. Sec. 2. Every corporation organized as provided in section 1 of this act shall have the following powers: First, To cause such examinations and surveys for all proposed improvements to be made as may be necessary to prepare for the work to be done. Second, To acquire by lease, purchase, grant, and […]
Section 486.252a-486.252j – Repealed. 1980, Act 87, Eff. Apr. 1, 1985.
486.252a-486.252j Repealed. 1980, Act 87, Eff. Apr. 1, 1985. Compiler’s Notes: The repealed sections pertained to condemnation proceedings for electric and gas corporations.