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 each meeting of the stockholders each share of stock shall be entitled to 1 vote. Stockholders may appear and vote in person or by proxy.
History: 1887, Act 91, Imd. Eff. Apr. 26, 1887 ;-- How. 3873h ;-- CL 1897, 6757 ;-- CL 1915, 8857 ;-- CL 1929, 11792 ;-- CL 1948, 485.208
Structure Michigan Compiled Laws
Chapter 485 - Canal, Harbor, and River Improvement Companies
Act 91 of 1887 - Improvement of State Boundary Rivers (485.201 - 485.214)
Section 485.201 - Corporations to Improve State Boundary Rivers; Incorporators.
Section 485.203 - Corporations to Improve State Boundary Rivers; Body Corporate, Powers.
Section 485.204 - Annual Report; Contents, Filing, Inspection by Stockholders.
Section 485.205 - Stock Divided Into Shares; Increase.
Section 485.206 - First Meeting; Calling.
Section 485.207 - Directors; Powers, Election, Term, Officers, Selection, Term.
Section 485.208 - Directors; Stockholders; Quorum; Voting.
Section 485.209 - Property; Holding.
Section 485.210 - Condemnation.
Section 485.211 - Improvement Powers; Repair Duty; Driving of Logs; Tolls and Expenses, Lien.