New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-02
NOTICE TO THE STOCKHOLDERS
A. OF THE
New Orleans Canal and Banking Company,

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The stockholders of the New Orleans Canal and
Banking Company are hereby notified that, in pur-
suance of a resolution of the Board of Directors,
adopted November 2, 1870, a meeting OF the stock
holders of the said corporation will be held at the
office of the said corporation. at the corner OF
Camp and Gravier streets, IN the First District OF
the city of New Orleans, i'll the State Of Louisiana,
on the twenty-siXth of December, 1870. between
nine o'clock A. NJ. and three o'clock P. NJ, and be
adjourned from day to day, and resumed and CON
tinued every day successfully, Sundays and hOli-
DAYS excepted, between the same hours, until the
first day Of July, 1871, inclusive, to take into con-
sideration and decide:
i. whether or not they accept the benefits and
provisions of an act of the Legislature of Louisiana,
ing the charter of the New Orleans Canal and
Banking Company, and the duration thereof for
oTf it's capital stock o one million 81 dollars" and
2. Whether or not the said capital stock shall be
reduced to one million OF dollars.
The act above referred to Is in the following
words and figures, viz:
AN C extending the charter of the New Orleans
thoreo1 for twenty-five years, and authorizing
the reduction OF its capital stock to one million
SECTION l. Be it enacted by the Senate and House
of Representatives Of the State of Louisiana in gen
New Orleans Canal and Banking Company, as en-
acted by the act entitled IAN act to incorporate the
subscribers to the New Orleans Canal and Banking
Company, and for other purposes" approved March
5. 1881, be and the same hereby is extended for the
term of twenty-five years, from the thirty-tirst OF
December in the year one thousand eight hundred
and seventy, and that the fourth section OF said
act shall be, and the same is hereby so amended as
to read as follows:
That the subscribers to the said company, their
successors and assigns, shall be and are hereby ere
ated a corporation, by the name and style OF the
New Orleans Canal and Banking Company, and
shall so continue until the thirty-tirst day Of De-
cember, in the year one thousand eight hundred
and ninety-ive, and by that name shall be able 10
| contract, buy, receive and possess all kinds OF
| property, immovable and movable, and to loan,
negotiate, sell, grant and dispose OF the same, to
sue and be sued, to have a commons seal, and to
establish such bylaws as may be convenient, not
being contrary to this act nor to the constitution or
laws OF the United States or of this State.
SEC. 2. Be it further enacted, etc, That it shall
be lawful for the New Orleans Canal and Banking
Company, by resolution OF its Board OF Directors,
to reduce the capital stock of said company to one
| million of dollars, provided that such reduction be
| recommended to the Board at the meeting of
| stockholders'tO be called according to law, or by
| any special meeting called for the purpose Of con-
sidering the expediency of such reduction.
SIC. 5. Be it further enacted, ETC.. That nothing
in this act contained shall be held or construed, to
extend or grant to the said Canal and Banking
Company any other than its banking privileges, as
| contained in the original charter and its amend
ments, and its rights under existing laws to charge
eight per cent per annum interest or discount on
its loans or discounts.
SEC. 4. Be it further enacted, etc, That the cap
| ital stock of said New Orleans Canal and Banking
Company shall be liable and subject to taxation at
the same rate as other personal property under the
laws of this State.
1Signed) MORTIMER CARR,
Speaker of the House of representatives
%(Signed)a OSCAR j: \
Lieutenant Governor and President of the Senate.
tsisned) H. c. wARMOTH,
Governor OF the State OF Louisiana.
A true copy:
GEoRGE Z. BovEE, Secretary Of State.
By order Of the President and Directors.
nO8 tja1 CHI. JUMONvILLE, Cashier.