Northern tribune. [volume] (Cheboygan, Mich.) 1875-1885, 1880-06-05
SATURDAY, JUNE 3, 1880.
BLACK RIVER NAVIGATION.
Meeting of the Board
of Directors Elected and Bylaw
Adopted.

Ol Jlle OldChWdteI NdNlSdllOn 70. was
held at the office of Watts S. Humphrey
in this village, on Monday the 31st day Of
May, A. ID. 1880, at o'clock p. NJ, for the
purpose of electing directors of said
company to serve for the ensuing year
and for transacting such other business
as might properly come before the meet
ing, pursuant to notice therefor pub
lished as the law directs.
On motion of Vim. Macarthur, E. z.
Perkins was chosen Chairman of the
meeting. On motion of Watts S. Hum
phrey Geo. G. Wharton was chosen Sec
retary.
VIM. Macarthur, one the stockholders
of said company presented power Of
attorney to act and vote at this meeting
for Macarthur, Smith & Co. On motion
of Watts S. Humphrey voted that Wm.
Macarthur act as proxy for and be author
lied to vote the shares of stock owned
by Macarthur, Smith & Co.
Watts S. Humphrey one of the stock
holders of said company, presented a
power OF attorney to act and vote at the
meeting for James M. Turner. On mo-
tiOn of VIM. Macarthur, voted that Watts
S. Humphrey act as proxy for, and be
authorized to vote the shares of stock
owned by James M. Turner.
George G. Wharton presented a power
of attorney to act and vote at the meet
ing for William HI. Bullen. On motion
of VIM. Macarthur, voted that George G..
Wharton act as proxy for and vote the
shares of stock owned by William HI.
Bullen.
At which meeting the following shares
of the stock of the Black River Sis ck-
water Navigation Co. were represented,
and in the following manner.
Macarthur Smith & Co., 100 shares, by
proxy.
VIM. Macarthur, 4 shares,in person.
Watts S. Humphrey, 140 shares, in per-
James NJ. Turnar, 40 shares, by
proxy. u
William III. Bullen, 40 shares, by
proxy.
P. HI. Mcdonald, 10 shares, in person.
E. z. Perkins, 2 shares, i'm person.
G. ID. V. ROllO, share, i'm person.
The Directors heretofore in office made
the following report: That up to the
present time there has been subscribed
to the capital stock of the B. r. S. n. Co.
645 shares, amounting to $16,125, of
which there has been paid in on said
stock the sum $4,120, also received from
voluntary subscriptions the sum of S1S,
making total of $413S. That the
amount of disbursements UP to date audi
ted by said directors, amounts to the
sum of $l64.35, leaving a balance on
hand, and now in the hands of the treas
urer, Mr.. G. D.. V. ROllO, amounting to
the sum of S3,973.65. The said Directors
L fnrf hor rannrf fhof of r,oatinn of co i'll
directors, held May 31st 1880, at one
the following named persons were chOs-
en- judges of election for the election to
be held at this meeting. viz: E. z. Per-
kins, c. r. Smith and p. III. Mcdonald.
On motion of Watts S. Humphrey ii
| Co. shall consist of members.
On motion of Watts S. Humphrey voted
| to proceed to the election by ballot, of !
directors of the B. R. S. n. Co., to serve
for the ensuing year. P. III. Mcdonald
and E. q. Perkins acted asjudges of elec-
tiOn. After the votes had all been cast
said judges of election openly counted
| the votes, and declared the result Of the
election as follows:
Whole number of votes cast for said
Directors were 537, of which Jas. M. Tur-
ner received 537 votes, VIM. III. Bullen
received 537; w. s. Humphrey, 537; VIM
Macarthur, 537; E. 2. Perkins, 537.
TnereupOn the said judges of election
declared James Nj. Turner, VIM. III. Bull
len, Watts S. Humphrey, WIN. Macarthur
and Edwin z. Perkins to be duly elected
directors of B. r. s. N. Co. for the ensu-
ing year.
The following was offered by VIM. Me-
Arthur:
RESOLVED, that we hereby enact the fol
lowing bylaw:
That there shall be a secretary and
| treasurer of the B. R. S. n. Co. approved
| by the Board of Directors of said company
who shall hold their offices for one year OF
until their successors are appointed
giving such security for the faithful
performance of their duties, aud hav,
ing such compensation for their services
as the Board of Directors may determine
Provided, however, that both Offices may
be held by the same person if the Board
of Directors so determine, and provided
further, that the person or persons so ap.
pointed may be removed at any time by
a majority vote Of said Board of Direc
tor.
| Unanimously adopted.
| On motion of VIM. Macarthur, voted
that this meeting adjourn until the 24tl
day of June, at 2 o'clock P. NJ.
Bargains in summer silks at Macarthur
Smith & Co.'S.
Bargains in black silks at Macarthur
Smith & Cos.
The ChebOygan Lumber cOmpany's
mill has been running night and day
the most of this week.
We would call attention to the adver
tisement of the land department of thu
Detroit, Mackinac and Marquette rail
road company to be found elsewhere
The company offer their farming lands
at the uniform price of four dollars pei
acre, One-fOurth down and the remain,
der at the purchasers option any time
within nine years from January l, 1881
by paying seven per cent interest an
nually. A last notice is also given tC
those who have settled upon the lands
] granted to the company, and improved
the same, to make application for the
same on or before July 1, 1880, or they
will besawarded to the first applicant
complying with the cOmpany's terms
Those interested in this matter should
attend to it at once or they will lose the
| Improvements they have made as we'll as