New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-30
CORPORATIONS.
NOTICE no THH STOCKHOLDERS
New Orleans Canal and Banking Company

t--
The stockholders Of the New Orleans Canal and
suance Of . rrsolution Of the Board Of Directors,
holders Of the said corporation viii 5e held at the
Office of the said corporation, ut the corner of
Camp and 0raver. streets, in the First District of
the city Of New Orleans In the State of Louisiana,
nine O'Clock a. NJ and three o'clock p. H., and be
adjourned from day to day, and resumed and CON
tinned every day successively. Sundays and hSli.
first day Of july 1871, inclusive to take into con-
alteration and decide:
OF hs
approved March l6, 1870, entitled IAN act extend
ing the charter Of the New Orleans Canal and
Banking Company, and the duration thereof for
twenty-five years. sand authorizing the reduction
Of its capital stock to one million Of doars" and
2 Whether or not the said capital stock shall be
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 duration
thoreoi for TWENTY-FIVE years, and authorizing
the reduction of its capital stock to one million
SsCr1oN /. 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, as en-
acted BY the act entitled IAN act to 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 a corporation, by the name and style Of the
New Orleans Canal and Banking Company, and
shall so continue until the thirty first day of De;
cember. in the year one thousand eight hundred
and ninety-fve, and by that name shall be able to
contract, buy, receive and possess all kinds OF
property, iuimovable and movable, and to loan,
sue and be sued, to have common sea! and 10
establish such bylaws as may be convenient, not
being contrary to this act nor to the or
Laws of the United States or Of this state. .
SEC. 2. Be it further enacted, etc., That 1t 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 to one
million Of dollars provided that such reduction be
recommended to the Board at the meeting OF
stockholderssto be called according to law, or by
sderng the expediency Of such reduction.
SIC. 8. Be it further enacted, etc. That nothing
in this act contained sha be held or construed, to
extend or grant to the sad Canal nnG
contained III the original charter and its amend
ments aud its rights under existing laws to charge
eight per cent per annum interest or discount on
SIC. 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.
(Signed) MORTIMER CARR
Speaker of the House Of Representatives..
observation-disclosures and President Of the Senate.
tsisned) H. c. wARMoTH,
Governor Of the State of Louisiana.
GRoRGR E. Bower, Secretary Of State.
BY order Of the President aud Directors
no8 tial CHI. JCMONvILLE, Cashier.