Section 485.208 – Directors; Stockholders; Quorum; Voting.
485.208 Directors; stockholders; quorum; voting. Sec. 8. A majority of the directors of every such corporation convened according to the by-laws, shall constitute a quorum for the transaction of business, and those holding a majority of stock at any meeting of the stockholders shall be capable of transacting the business of the meeting, and at […]
Section 485.209 – Property; Holding.
485.209 Property; holding. Sec. 9. Every such corporation shall, by their corporate name, have powers to acquire, use and hold all such works and improvements, and all such real and personal property as may be necessary or suitable for the purposes of such corporation, and to take or flow lands or property in the construction […]
Section 485.210 – Condemnation.
485.210 Condemnation. Sec. 10. Whenever any such corporation shall desire to take or flow any lands or property in the construction of the works or improvements authorized by this act, when no agreement can be made with the owners thereof, the like proceedings shall be had and taken as is provided in an act entitled, […]
Section 485.211 – Improvement Powers; Repair Duty; Driving of Logs; Tolls and Expenses, Lien.
485.211 Improvement powers; repair duty; driving of logs; tolls and expenses, lien. Sec. 11. Any such corporation formed for the improvement of any boundary river in whole or part and any of its tributaries, and for driving, sorting, holding and delivering logs thereon, which shall have taken prior possession of such boundary river for that […]
Section 485.212 – Lien; Enforcement.
485.212 Lien; enforcement. Sec. 12. Any such corporation claiming any lien as provided for in the preceding section, may recover the amount of such lien in the manner provided in sections 17 and 18 of an act entitled “An act to authorize the formation of corporations for the running, booming and rafting of logs,” approved […]
Section 485.213 – Consolidation; Procedure; Powers of New Corporation; Articles or Certified Copy as Evidence.
485.213 Consolidation; procedure; powers of new corporation; articles or certified copy as evidence. Sec. 13. Any corporation formed under this act and any corporation of an adjoining state created for any similar or kindred purpose upon the same river may consolidate their stock, property and franchises in the manner and upon the terms agreed upon […]
Section 485.214 – Delivery Duties; Liability for Damages.
485.214 Delivery duties; liability for damages. Sec. 14. It shall be the duty of said corporation to provide for the delivery of and to deliver to the respective owners and parties entitled to receive the same the logs and timber driven, boomed, or sorted by such corporation, with prompt and impartial diligence, and no owners […]
Section 485.301 – Corporations to Improve Rivers for Logging; Incorporation, Control of Stream.
485.301 Corporations to improve rivers for logging; incorporation, control of stream. Sec. 1. That any corporation now in existence, or which may hereafter be organized under any law of this state, having as its object the clearing out and improving of any river or stream navigable only for the purpose of driving logs and floating […]
Section 485.302 – Procedure to Come Under Act; Forfeiture of Rights.
485.302 Procedure to come under act; forfeiture of rights. Sec. 2. Every corporation and all individuals desiring to avail themselves of the provisions of this act, shall file with the board of control of the St. Mary’s Falls ship canal company a map or plan of the section or sections of the stream or streams […]
Section 485.303 – Corporation; Vested Rights, Restrictions.
485.303 Corporation; vested rights, restrictions. Sec. 3. Upon complying with the foregoing provisions of this act, such corporation shall be vested with all the rights, powers and franchises now conferred upon corporations organized under chapter 111 of Howell’s annotated statutes, and shall in every particular be governed thereafter by the provisions and restrictions of said […]