The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1914-03-21


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
otherwise; to operate pull boats,
apparatus, by contract or other
wise. to lease, let and charter
steamboats,, barges and other craft; to
buy. 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
wberever deemed proper; to operate and
con1uct such commissaries and general
me chandise 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 sniryards and to build and repair
boats. blrges and all kinds of vessels;
and generally to do any and ali things
incident or pertaining, directly or in-
ii'eclly, to the main objects for which
this corporation is organized; provided.
however, this corporation shall not have
tue power of eminent domain nor the
right of appropriation.
The fifth article of the act of incor-
poratioH is hereby amended 30 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 he corporate powers of this
corporation shall be and are vested in
and cy ercised by Board of Directors
composed of three 81 stockholders, two
Of wn,m shall constitute quorum for
the transaction Of business. The said
Board nf Directors shall be elected an
M eils Oh ;he tirst Tuesday in January,
AZ a meeting Of the stockholders to be
the co p,ratiOn in Garden City. LOuisi-
.na after due notice thereof shall have
been ,ent by maii 10 each stockholdeT.
il writing. by the Secretary, addressed
u uim or her at his or her last known
post ofiee AID ess. fully ten days prior
to such meeting.
The election OF tne directors shall be
by b ,ilut; aud each stakeholder shal
be entitled to cast IS many votes as the
number of shares If stock standing in
his or her name on the books of the
corporations; which votes may be cast
either ia person or by written proxy;
snl minority of the votes cast shall
elect the members-Of the Board of Di-
rectors.
And, at the same date aud place of
the election of the Board of Directors,
and immei iiately after the said election.
the Board OF Directors shall organize
and elect from among their number a
President aud IA Vice President; and
they snall then aud 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
bus iess III this corporation.
The Secretary. the Treasurer or the
Genera tanager of this corporation
need no be stockholde" of this corporation
unless such manager also occupies the
office of President or Vice President.
The offices Of Secretary and Treasurer
may b, he,i by one and the same per-
II, ant. even in this event, he need not
l,s ), stocKh older of this corporation.
Th General Manager may also be one
al Tue xecutive ,fficers of this corpO-
ration.
It all sessions of the Board of Direc-
tors. each member of the board shall
nave Que vote, which may be cast
either "a person or by written proxy to
qIy ihember 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;
aud i member of the Board of Direct
ors holding such written proxy or
tower of attorney may receive or &C.
cep, or waive notice of any meeting OF
tnr board, and attend any meeting
and vote and act upon any proposition
or question that may come before the
r,eelings of the board. and thus bind
and oblgate the corporation as fully AZ
if the member whose pioxy is held were
present in person and voting as MEM
Der OF said Board of Directors, Such
written proxies may be granted tor a
special and specified meeting and to
vote upon some specified matter or
question to come before the board, or
i may be -euera and confer the autho-
rity to vote at any and all meetings and
UPON any aud all questions and subjects
,i,at may come before the meetings OF
be i,oard Of Directors during the time
specified in the proxy, as the member
50 appointed may deem proper.
Until the first Tuesday in January,