New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-08
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 pun
snance Of Q resolution Of the Board Of Directors
a1l0pted November 2, 1870, meeting OF the STOCK
holders Of the said corporation will b. held at the
office Of the said corporation, at the corner o.
Camp and ID He rsans IL the State Of
on the twenty-sixth Of December, iS71 OeiWesn
nine o'clock A. NJ. and three o'clock r. ~, ana De
adjourned from day to day, and resumed ana con
tinued every iay successively, Sundays and h0li.
DAYS excepted, between the same hours uniai the
first day Of july 1871, inclusive, to take into con-
/. whether or mot they accept the benefits and
provisions ofan act of the Legislature OF Louisiana
approved March IT, 1870, entitled IAN act extend,
ing the charter Of the New Orleans Canal and
Banking Cnmpany, and the duration thereof for
TWENTY-FIVE years. ana ;,Iinm e . dnars and
2. Whether or not the said capital STOCK snail "e
reduced to one million Of dollars.
The act above referred to is in the loiowlne
words aud 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
SxCrloy l. Be it enacted by the Senate and House
OF Representatives of the State of Louisiana in gen
er:l assembly convened, That the charter OF the
acted by the act entitled IAN act tonc0rpOratc the
subscribers to the New Orleans Canal ana BanKlhS
Company, and for other purposes approved Mat tt
S. 1851 be and the same hereby il extened 1or the
term Of twenty five years, from the tmrty-nrst 0,
December in the year Thousand eight hundred
and seventy, and that the fourth section OF suo
act shall be and the same is hereby SO amended as
to read rs follows:
7 hat the subsc ribers to the AUId company, their
sue &C ssors and assigns shall be and hereby Gre
atrd n 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 elSht hunGreo
and nincty-ive, and by that name shall ie abe 10
contract, buy, receive and possess AL KINDS Oh
property, imrnOvable and movable, and TO loan,
negotiate. sell. grant and dispose of the same 10
sue and be sued, to have common seal ana 10
being contrary to this act nor to the or
laws of the United States or of this state. ,
SIC 2. Be IL further enacted, ETC., That it shall
be lawful for the New Orleans Canal ana 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 he called according to law, or by
sidering the expediency Of such reduction.
SIC. 3 Be il further enacted. etc. That nothing
in this act contained shall be held or construed TO
extend grant to the said Canal and Banking
Company any other than its banking privileges, as
iained in the original charter and its anlend-
ments and it, rights under existing laws to charge
eight per cent per annum interest or discount on
its loans or discounts
SRC. t. 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 other personal property under the
laws OF this State.
lSigned) MORTIMER CARR,
Speaker of the House of Representatives.
(SiCnedl OSCAR J. DUNN,
Lieutenant Governor and President of the Senate.
tSisned) H. c. wARMoTH,
Governor of the State Of Louisiana.
GKoKGr z. BovER, Secretary Of State.
By order OF the President and Directors:
nos tjal CHI JUMONvILI.E Cashier.