Water Legislation in Michigan

Abstract

Whenever the common council of any city or incorporated village, or the municipal authorities of any town in this State shall, by resolution, declare that it is expedient to have constructed works for the purpose of supplying such city, village or town and the inhabitants thereof with water, but that it is inexpedient for such city, town or village under the power granted in its charter, to build such works, it shall be lawful for any number of persons, not less than five, to organize a company for the construction of such water works, or for any company previously organized, to construct such water works under the provisions of this act. . . . 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 purchasing from such company all its buildings, reservoirs, fixtures, apparatus and property . . . with all its corporate rights and privileges, at such price as may be agreed upon. . . .