New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-20
CORPORATIONS.
NOTICE TO THE STOCKHOLDERS
New Orleans Canal and Banking Company

The stockholders of the New Orleans Canal and
Banking Company hereby notified that, in pur
suance of resolution OF the Board OF Directors,
holders Of the said corporation win Be held at the
office of the said corporation, at the corner OF
Camp and Grayier Streets in the First District Of
the city of New Orleans, in the state Of Louisiana,
on the twenty-sixth of December, lS1o between
nine o'clock A. N. and three O'clock r NJ, ana Do
adjourned from day to day, and resumed and con-
tinued every day successfully, Sundays and holt
days excepted, between the same hours, until the
first day Of july 1871 inclusive, to take into con-
sideratiOn and decide:
l. whether or not they accept the benefits and
as' entfed "a act
ing the charter of the New Orleans Canal ana
Banking Company, and the duration thereof f0f
twenty-five years, and authorizing the reduction
of its capital stock to Que million Of dollars" and
2 Whether or not the said capital stock shall be
reduced to one million of dollars.
The act above referred to il in the following
words and figures, viz:
AN ACT extending the charter Of the New Orleans
Canal and Banking Company, and the duration
thoreoI for twenty-five years. and authorizing
SEcrIoy l. Be it enacted by the Senate and House
eral assembly convened, That the charter Of the
New Orleans Canal and Banking Company, 40 en-.
acted by the act entitled IAN act incorporate the
subscribers to the New Orleans Canal and banking
Company, and for other purposes" approved March
1881 be and the same hereby is extended for the
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
and assigns shall be and are hereby ere
ated corporation, by the name and style Of the
New Orleans Canal aud Banking Company, and
shall continue until the thirty first day Of De-
| cember in the year one Thousand eight hundred
and y-ve, and by that name shall be able TO
contract buy, receive and possess all kinds OF
property, inmOvable and movable, and to loan,
negotiate, SELL grant and dispose of the same, to
| sue and be sued to have common seal, and to
| establish such bylaws may be convenient, not
being contrary to this act to the constitution or
| laws of the United States or of this State.
SEC. 2 Be it further enacted ETC., That 1t shall
be awful for the New Orleans Canal and Banking
Company, by resolution of its Board of Directors
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 expedieney Of such reduction.
SEC. g. Be it further enacted, ETC.. That nothing
extend grant to the said Canal and Banking
Company any other than its banking privileges, Is
contained in the original charter and its amend
ments and it's rights under existing laws to charge
eight per cent per annum interest or discount on
its loans discounts.
SKc 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 ut
laws of this State. sl
(Signed) MORTIMER CARR,
Speaker of the House of Representatives
(Signedj OSCAR ]. DUNN,
Lieutenant. Govern and President of the Senate
tSigned) H. c. wARMOTH,
Governor Of the State of Louisiana.
GEORGE f. BovEE, Secretary Of State.
By order Of the President and Directors
nos tal CHI JUMONvILLE. Cashier.