New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-18
CORPORATIONS.
NOTICE TO THE STOCKHOLDERS
OF 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 a resolution of the Board of irectors,
os tS sad corporaton viii be held At the
office of the said corporation at the corner OF
Camp and Gravier streets, in the First Ps.Ss o.
on the twenty-sixth Of December, 1870 between
nine O'Clock A. NJ and three o'clock p M and be
tinued every day excessively, Sundays and holi-
DAYS excepted between the same hours, until the
first day Of July, 1871 inclusive to take into con-
/. whether or not they accept the be nefts and
provisions of act Of the Legislature Of Louisiana
ing the charter of the New Orleans Canal and
Banking Cnmpany, and the duration thereon Tor
Twenty-Five years, and authorizing the reduction
of it's capital stock to Que million Of dollars" and
q whether or not the said capital stock shall 90
reduced to one million Of dollars. .-r.
The act above referred to Il III the iOAowing
words and figures, VIZ:
AN sna;n, In NO. Charter ar Of the New orleans
Canal and Banking Company and the Duration
thoreoi Tor twenty five years, and authorizing
the reduction Of its capital stock to one miinon
of dollars.
SECTION l. Be it enacted by the Senate and House
of Representatives of the State Of Louisiana IN gen
eral assembly convened That the charter OF the
New Orleans Canal and Banking Company, a. en-
acted by the act entitled act toincorporate the
subscribers to the New Orleans Canal and Banking
s. lB3lvhe and the same Hereby is extended for the
term OF twenty-five years nom tne Inn ,,rSrs@
and seventy and that the fourth section OF eal0
act shall be, and the same is hereby so amended a.
to read as follows
That the subscribers to the said company, their
successors and assigns shall be and are hereby Gro
ated a corporation, by the name and style OF tne
New Orleans Canal and Banking Company, ana
shall continue until the thirty first day OF De,
cember, in the year one thousand eight hundsed
and ninety five and by that name shall be able to
contract, buy receive and possess all KINDS OF
property, immOvable and movable, and 10 Aoans
negotiate, SELL grant and dispose OF the same, 70
and no sued IN
| establish such by laws as may be convenient not
being contrary this to the constitution or
| laws of the United States or of this State. :,
SEC. 2 Be it further enacted etc., That It .snall
Company by resolution of its Boyd OF Directors,
to reduce the capital stock of said company to ono
million of dollars, provided that such reduction be
recommended to the Board at the meetin8 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.
SYC 8. Be it further enacted, ETC.. That nothing
in this act contained shall be held or construed 70
| extend or grant to the said Canal and Banking
Company any other than it's 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 dlscOunt ON
| it's 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 nc
the rate other personal property under tho
| laws OF this State -
Speaker of the House Of Regresentatives.
(SiSned) OSCAR J. DUNN,
Lieutenant Governor and President Of the Senate.
ffSiSned1 II. c. wARMOTH,
! Governor of the State of Louisiana.
true copy:
GEoKee E. BovHR Secretary Of State.
! By order OF the President and Directors
| no8 tiaI CHI JUMONvILLE, Cashier.