Michigan Compiled Laws Act 91 Of 1887 Improvement Of State Boundary Rivers (485.201 - 485.214)

AN ACT to authorize the formation of corporations for the purpose of improving rivers which form, in whole or part, the boundary between this and any adjoining state, and their tributaries, and for driving, sorting, holding and delivering logs thereon.

History: 1887, Act 91, Imd. Eff. Apr. 26, 1887

Section 485.201 Corporations To Improve State Boundary Rivers; Incorporators.
That any number of persons, not less than 5, may be formed into a corporation to improve any river and its tributaries which form,...
Section 485.202 Corporations To Improve State Boundary Rivers; Certificate, Acknowledgement, Contents, Recording, Filing.
Such persons, under their hands and seals, shall make a certificate, which shall specify: First, The purpose for which the corporation is formed and...
Section 485.203 Corporations To Improve State Boundary Rivers; Body Corporate, Powers.
Upon complying with the provisions of the last preceding section, such company shall be a body corporate by the name designated in said certificate,...
Section 485.204 Annual Report; Contents, Filing, Inspection By Stockholders.
Every such corporation shall annually, in the month of January, make a report, signed by its president and secretary, containing: First, The amount of...
Section 485.205 Stock Divided Into Shares; Increase.
The amount of the capital stock of every such corporation shall be fixed and limited by the stockholders in their articles of association, and...
Section 485.206 First Meeting; Calling.
When any corporation shall be formed under this act, any 2 of those associated may call the first meeting of the corporation at such...
Section 485.207 Directors; Powers, Election, Term, Officers, Selection, Term.
The business and property of said company shall be managed by a board of directors of not less than 3 nor more than 9...
Section 485.208 Directors; Stockholders; Quorum; Voting.
A majority of the directors of every such corporation convened according to the by-laws, shall constitute a quorum for the transaction of business, and...
Section 485.209 Property; Holding.
Every such corporation shall, by their corporate name, have powers to acquire, use and hold all such works and improvements, and all such real...
Section 485.210 Condemnation.
Whenever any such corporation shall desire to take or flow any lands or property in the construction of the works or improvements authorized by...
Section 485.211 Improvement Powers; Repair Duty; Driving Of Logs; Tolls And Expenses, Lien.
Any such corporation formed for the improvement of any boundary river in whole or part and any of its tributaries, and for driving, sorting,...
Section 485.212 Lien; Enforcement.
Any such corporation claiming any lien as provided for in the preceding section, may recover the amount of such lien in the manner provided...
Section 485.213 Consolidation; Procedure; Powers Of New Corporation; Articles Or Certified Copy As Evidence.
Any corporation formed under this act and any corporation of an adjoining state created for any similar or kindred purpose upon the same river...
Section 485.214 Delivery Duties; Liability For Damages.
It shall be the duty of said corporation to provide for the delivery of and to deliver to the respective owners and parties entitled...

Last modified: October 10, 2016