Michigan Compiled Laws, Chapter 485. Canal, Harbor and River Improvement Companies § 485.203

Sec. 3. Upon complying with the provisions of the last preceding section,  1 such company shall be a body corporate by the name designated in said certificate, and as such shall be capable of suing and being sued in all courts, and may have a common seal, may elect in such manner as hereinafter provided all necessary officers, and determine their duties and make, from time to time, such by-laws, not inconsistent with the constitution and laws of this state, as a majority of the stockholders shall direct.