The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-03-07

1
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 shiryards 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 80 as to
authorize and permit the members of
| the 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 n
and exercised by Board of Directors
composed of three ~ stockholders, two
| of whom shall constitute a quorum for
| the transaction of business. The said
Board of Directors shall be elected an
nually on the first Tuesday in January,
at meeting Of the stockholders 10 be
held for that purpose at the Office OF
| the corporation in Garden City. Louisi-
been sent by mail to each stakeholder.
i B. hp %ho oul
| 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 stakeholder 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
corporation; which votes may be cast
either in person or by written proxy;
and majority of the votes cast shall
| 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 q
President and Vice President; and
they shall then and there also elect q
Secretary and Treasurer and a 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,
deem proper for the management of the
business of this corporation.
The Secretary, the Treasurer or the
General Manager Of this corporation
need not be stakeholder of this corporation
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.
i The General Manager may also be one
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 member 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 a member of the Board of Direct
ors holding such written proxy or
power of attorney may receive or &C.
cept or waive notice of any meeting of
the board, and attending any meeting
and vote and net upon any proposition
or question that may come before the
meetings of the board, and thus bind
] and obligate the corporation as fully a.
if the member whose proxy is held were
present in person and voting as q 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
it may be general and confer the autho
rity to vote at any and all meeting y
upon any and all questions and 81
that may come before the mcAIH !.
the Board of Directors duri' ~ lime
specified in the proxy, as ~ member
so appointed may deem NJ y
Until the first Tue January,
1915, the Board Of UD IS shall be
composed of T. Cheney wless, and
Mrs. Maggie Hanson L4wless, and Mrs.
Winnie Hanson Connolly; and the said
Mrs. Maggie Hanson Lawless shall be
President of the corporation, and the
said T. Cheney Lawless shall be Vice.
President and General Manager; and
Mr. -Pete Cherry shall the Secretar,
and Treasurer of tnis corporation.
Theee officers shall hold their respective
offices until their successors are elected.
The duties of the aforesaid officers
shall be such a. are ordinarily and
usually conferred upon such officers of
corporations; but the Board of Direct
ors shall have power to define and limit
their authority and powers and duties
as the said Board may deem proper by
such resolutions, rules, regulations and
by.laws - the said Board Of Directors
may formulate.
Any Vacancy that may occur upon the