Sec. 6.
A majority of the directors shall be a board for the transaction of business. At the first meeting after their election, they may elect 1 of their number president, and appoint such other officers as the articles of association or by-laws require.
History: 1875, Act 233, Imd. Eff. May 4, 1875 ;-- How. 3825 ;-- CL 1897, 6701 ;-- CL 1915, 8802 ;-- CL 1929, 11737 ;-- CL 1948, 485.6
Structure Michigan Compiled Laws
Chapter 485 - Canal, Harbor, and River Improvement Companies
Act 233 of 1875 - Canal or Harbor Companies (485.1 - 485.25)
Section 485.1 - Canal or Harbor Company; Incorporators, Procedure; Articles, Contents.
Section 485.2 - Articles; Signing, Filing; Powers of Company.
Section 485.3 - Articles; Filing, Prerequisites; Vote of Stockholder.
Section 485.4 - Articles; Certified Copy as Evidence.
Section 485.5 - Directors; Number, Election, Term, Vacancy.
Section 485.6 - Directors; Quorum; Selection of Officers.
Section 485.7 - President and Directors; Powers; Annual Report, Contents.
Section 485.8 - Construction of Route; Restrictions.
Section 485.9 - Real Estate; Power to Hold.
Section 485.10 - Condemnation; Procedure; Use of Property.
Section 485.11 - Tolls and Charges; Establishment, Lien, Evidence.
Section 485.12 - Injury to Property; Violation of Regulation; Liability for Damages, Lien.
Section 485.13 - Repair of Bridges.
Section 485.14 - Stockholder's Liability; Recovery Prerequisites; Subrogation; Contribution.
Section 485.15 - Avoidance of Payment of Toll; Penalty.
Section 485.16 - Amendment or Repeal.
Section 485.18 - Existing Corporation; Organization Under Act, Preference in Subscription.
Section 485.19 - Failure to Furnish Cargo Statement; Penalty.
Section 485.20 - Bonds; Issuance, Restrictions.
Section 485.23 - Re-Instated Corporations.
Section 485.24 - Re-Instated Corporations; Formation of Companies to Purchase and Operate.
Section 485.25 - Purchasing Corporation; Powers and Duties; Log Interest; Public Rights.