New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-19
CORPORATIONS.
NOTICE TO THE STOCKHOLDERS
THE
New Orleans Canal and Banking Company.

The STOCKHOLDERS OF the New Orleans Canal and
Banking Company are hereby notified that, In pur--
suance of q resolution Of the Board OF Directors,
hodefs Of the said CORPORATION viii g. held at the
Office Of the said corporation, at the corner OF
h t ana "a Hsw in the State Of Iouans
on the twenty sixth of December, 1870 between
nine o'clock A. d. and three o'clock r NJ, and b
adjourned from day to day, and resumed and con
tinued every dag successfully, Sundays and hOli-
DAYS excepted, between the same hours, until the
first day Of July, 1871 inclusive, to take into con
/. whether o not they accept the benefits and
Of act 81 5hs e o. at eItsnd
ing the charter of the New Orleans Canal ana
Banking Company, and the duration thereof for
Of its capital stock to million Of dollars and
2. Whether or not the said capital stock shall b
reduced. to one million OF dollars.
The act above referred to is in the following
words and figures, viz:
AN ACT extending the charter Of the New Orleans
Canal and Banking Company, and the durnfi0a
thoreo, for twenty 1--we years, and authorizing
the reduction Of its capital stock to one miiaon
SECTION l. Be it enacted by the Senate and House
of Representatives OF the state Of Louisiana ~ sen
New Orleans Canal and Banking Company, 20 en-
acted by the act entitled AN act to the
subscribers to the New Orleans Canal and Banking
Company, and for other purposes" approved Maxch
s. 1884, be and the same hereby is extended tor the
f
and seventy and that the fourth section Of said
act shall be- and the is hereby so amended ~
to read as follows: -
That the subscribers to the said company their
and assigns, shall be and are hereby Gre
ated q corporation, by the name and style OF the
New Orleans Canal and Banking Company, and
shall continue until the thirty first day Of Dc,
cember in the year one thousand eight hundred
and nincty-ve, and by that name shall be able to
contract buy, receive and possess all kinds Of
property, mmOvable and movable, and to loan,
negotiate, sell, grant and dispose OF the same, 70
| sue and he sued, to have common seal, and to
establish such laws as may be convenient, not
being contrary to this act to the constitution
| laws of the United States or Of this State.
| be La full 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
stockholders to be called according to law, or by
any special meeting called for the purpose Of con-
sidering the expediency of such reduction.
SYC 8. Be it further enacted, etc. That nothing
extend or grant to the said Canal and Banking
Company any ether than its banking privileges as
contained in the original charter and Its amend
ments and its rights under existing laws to chAfse
eight per cent per annum interest or discount on
its loans or discounts.
SEC l. Be it further enacted, ETC.. That the cap
ital stock Of said New Orleans Canal and Banking
Company shall he liable and subject to taxation at
the rate other personal property under the
| Laws of this State.
(Signed) MORTIMER CARR
Speaker Of the House Of Representatives.
Lieutenant. Governor and President Of the Senate.
gsisuedl " II. C. wARMOTH,
Governor Of the State OF Louisiana
A true copy:
By order OF the President and Directors
no8 tjal Oh. JuMONvILLE, Cashier.