New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-10
CORPORATIONS.
NOTICE TO THE STOCKHOLDERS
New Orleans Canal and banking Company.

The stockholders of the Ne,~ Orleans Canal and
Banking Company are hereby notified that, in pur-
suance of q resolution OF the Board OF Directors,
adopted November 2, 1870, a meeting of the stock
holders OF the said corporation will be held the
office of the said corporatson, at the corner OF
Camp and Gravier streets in the First District OF
the city OF New Orleans. in the State of Louisiana,
on the twenty sixth of December. 1870 between
nine O'Clock A. NJ. and three o'clock T. ~, and be
tinued every day successfully Sundays and holi-
DAYS excepted, between the same hours until the
first day of July 1871 inclusive, to take into con-
sideratiOn and decide:
|. Whether or not they accept the benefits and
provisions of act the Legislature of Louisiana,
approved March L. 1870 entitled IAN act extend
ing the charter of the New Orleans Canal and
Banking Cnmpany, and the duration thereof for
twenty ,tve years. and auth0riznS thr r.anctoa
2. Whether not the said capital stock shall be
reduced TO one million of dollars
The act above referred to is in the following
words and figures, NJ:
AN ACT extending the charter Of the New Orleans
Canal and Banking Company and the duration
thoreo, for twenty five years. and authorizing
the reduction OF its capital stock to one million
SECTION l. Be 1t enacted by the Senate and House
of Representatives. of the state OF Louisiana gen
eral assembly convened That the charter of the
New Orleans Canal and Banking Company, as en-
ted by the act entitled IAN act to incorporate the
subscribers 10 the New Orleans Canal and Banking
s. 1851 be and the hereby is extended for the
term OF twenty-five years, from the thirty
December, IN the year one thousand eight hundred
and seventy, and that the fourth section OF said
act shall be. aud the same is hereby 50 amended as
to read rs follows:
That the subscribers to the said company, their
successors and assigns shall be and are hereov ere
atPd 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 FIVE and by that name shah BE- able to
contract, buy, receive and possess all kinds of
property, immovabie and movable and TO loan
negotiate, sell, grant and dispose of the same
and be sued, to have II common seal, and to
being contrary to this act to the constitute lion
| laws of the United States or of this State.
SEC. 2. Be it further enacted, etc, That it 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 company to ONT
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.
| SEC. 5. Be it further enacted, ETC. That nothing
in this act contained shall be held or construed to
| extend ar grant to the said Canal and Banking
Company any other than Its banking privileges az
contained in the orig inal charter and its amend
ments and its nights under existing laws 70 char 81
eight per cent per annUm interest or o1scOunt ol
| its loans or discounts.
SEC. 4. Be 1t further enacted, etc. That the cal,
ital stock of said New Crleans Canal and Banking
Company shall be Liable and subject to TAXATION a
| Laws Of this State.
| (&gned) MORTIMER CARR
Speaker Of the House Of Representatives.
L;eStesans.Governor and President Of the Senate
APsEs s"sS, March 's' is~ T. c. wARnoM,
/ Governor Of tho 6tate of Louisiana
asosc. & BOWS, eeersta.y q State.
NOS Hal Gil KNOXVILLE. CasAaef.