Consumers Power Co. v. Corporation & Securities Commission

The material facts in this case are not in dispute. Plaintiff, a corporation organized under the laws of the State of Maine, filed a copy of its certificate of organization with the secretary of State of the State of Michigan on or about July 21, 1915, paid the statutory fee based upon the amount of its capital stock then authorized, and was admitted to carry on business within this State. Prom time to time thereafter, prior to December 31, 1936, plaintiff increased its authorized capital stock, complying in each instance with the statutory requirements relating thereto, including the payment…