The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-03-14

ce"sO "a III AAouuIdCtuICu pIOuuOtS aQO
by-products; to own and operate steam
boats, pull boats, dredges, skidders,
canals, railroads and other facilities and
apparatus for transporting timber and
lumber and the products and
by-products thereof, without the
power of eminent domain; to do
dredging and excavating by contract or
otherwise; to operate pull boats,
skidders and other logging
apparatus, by contract or other
wise, to lease, let and charter
steamboats,, barges and other craft; to
bay. sell. market and generally deal
in lumber and timber in its original
state and in all its stages of manufac-
tu-e and all the by-products thereof;
and, whenever deemed necessary or ad-
visable, to establish and maintain
agencies, depots and retail lumber yards
wherever deemed proper; to operate and
conduct such commissaries and general
merchandise stores as may be deemed
necessary or advisable by the proper
governing body of this corporation, at
such place or places as may be deemed
proper; to enter into contracts for the
construction Of buildings and structures
OF every character; to conduct and ope-
rate shipyards and to build and repair
boats. barges and all kinds of vessels;
and generally to do any and ali things
incident or pertaining, directly or in-
directly, to the main objects for which
this corporation is organized; provided,
however, this corporation shall not have
the power of eminent domain nor the
right of appropriation.
The fifth article of the act Of incor-
poration is hereby amended so as to
authorize and permit the members of
Inc Board of Directors to vote by
written proxy, and to read as follows,
viz:
ARTICLE 9TH.
All of the corporate powers of this
corporation shall be and are vested in
and exercised by Board of Directors
composed of three 81 stockholders. two
of whom shall constitute quorum for
the transaction of business. The said
Board of Directors shall be elected an
nually on the first Tuesday in January,
at a meeting of the stockholders to be
held for that purpose at the Office of
the corporation in Garden City, Louisi-
ana, after due notice thereof shall have
been sent by mail to each stockholder,
j. writing, by the Secretary, addressed
to him or her at his or her last known
post office address. fully ten days prior
to such meeting.
The election OF the directors shall be
by ballot; and each stockholder shall
be entitled to cast as many votes as the \
number of shares of stock standing in
his or her name on the books of the
which votes may be cast
either in person or by written proxy;
and majority of the votes cast shsll
elect the members of the Board of Di-
rectOrs.
And, at the same date and place of
the election of the Board of Directors,
and Immediately after the said election,
the Board of Directors shall organize
and elect from among their number .
President and q Vice President; aud
tiey shall then and there also elect q
and Treasurer and . General
Manager, and they shall also elect or
appoint or employ such other officers,
agents or employees as the said Board
Of Directors may, from. time to time,
business of this corporation.
The Secretary, the Treasurer or tho
General Manager of this corporation
need NOT be stockholde- of this corpo. alton
unless such manager also occupies the
Office of President or Vice President.
The offices of Secretary and Treasurer
may be held by one and the same per-
son, and even in this event, he need not
be stockholder Of this corporation.
The General Manager may also be ono
of the executive officers of this corpo-
ration.
; At all sessio ms of the Board of Direc-
tors, each member of the board shall
have one vote, which may be cast
either in person or by written proxy to
any member of the Board.
Any membaf of the Board of Direc-
tors shall have the right to confer upon
another member OF the board authority
and power to act for him or her in all
matters that may come before the board;
and member of the Board of Direct |
ors holding such written proxy or
power of attorney may receive or ac-
cept or waive notice of any meeting of |
the board, and attend any meeting |
and vote and act upon any proposition |
Or question that may come before the
of the board, and thus bind |
and obligate the corporation IS fully as
If the member whose p:oxy is held were
present in person and voting as men,
Der of said Board of Directors, such
written proxies may be granted for
special and specified meeting and to
vote upon some specified matter or
question to come before the board, or
i may be general and confer the autho-
rity to vote at any and ali meetings and
lpon any and all questions and subjects
hat may come before the meetings Of
he Board of Directors during the time
specified in the proxy, as the member
10 appointed may deem proper.
Until the FIRST Tuesday in January,
1915, the Board of Directors shall be
of T. Cheney Lawless, and