The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-04-04

kind and character, and to dispose of
the same in any manner in its original
state or in manufactured products and
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
otberwise; to operate pull boats,
| skidders and other logging
apparatus, by contract or other
wise. to lease, let and rh1rtel
steamboats,, barges and other craft; to
buy. sell. market and generally deal
in lumber and timber in its original
state and in all it's stages of manufac-
tu-e and all the by-products thereof;
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 corp ,ration is O.g /; provided.
however, this corporation shall not have
the power of eminent domain nor the
right of appropriation.
The fifth article of the act of iucor-
poration is hereby amended so as to
authorize and permit the members of
the Board of Directors to vote by
written proxy, aud to read as follows.
viz:
ARTICLE 9TH.
All Of the corporate powers of this
and exercised by Board of Directors
composed of three (3) 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,
in 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 he
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
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 a
President and a Vice President; aud
they shall then and there also elect a
Secretary 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, |
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 stockholde- 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 q stockh6lder of this corporation.
The General Manager may also be one
of the executive officers of this corpo-
ration.
At all sessions 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 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
or question that may come before the
meetings of the board, and thus bind
and obligate the corporation as fully as
If the member whose ploxy is held were
present in person and voting as MEM
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