New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-06
CORPORATIONS.
Nror1cE TO THE sTOCKHOLDKRs
or rHs
New Orleans Caual and Ranking Company

The stockholders Of the New Orleans Canal and
Banking Company are hereby notified that, in pur-
snance of 3 resolution Of the Board Of Directors,
y Ss ssd VII held At
once Of the said corporation, ct the corner Of
Camp and Graver streets: n ses trss s,i,ct o.
nine O'clock A. NJ and three O'clock P. r.; and be
s1erT 0% ds gay Sundays and So
DAYS excepted, between the same hours; until the
first day Of July. 1871 inclusive, to take into con,
'IeI Whethsr or mot they accept the benefits and
provisions of an act ofthe Legislature Of Louisiana
the charter Of the New orleans Canal and
Banking Cnmpany, and the duration theleoI ior
twenty-five years and suthS,i.ns th1 REDUCTION lion
Whefher or 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, viz:
AN ACT extending the charter Of the New Orleans
Canal and Banking Company, aud the duration
the reduction q lis capital stock to one mlioa
SECTION i. Be it enacted by the Senate and House
of Representatives of the State Of Louisiana In gen
eral assembly convened That the cnerter OF the
acted by the act entitled IAN act to incorporate the
subscribers to the New Orleans Canal and Banking
for s sns1 Z tn
term Of twenty-five years, from the thirty.nrst OF
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 20 amended a.
to read as follows:
That the subscribers to the said company, their
and assigns shall be and are hereby Gre
ated a corporation, by the name and style OF the
New Orleans Canal and Banking Company, and
shall 80 continue until the thirty first day Of De-
cember in the yeab one thousand eight hundred
and ninety i've, and by that name shall pc able to
contract, buy, receive and possess all kinds Of
property immOvable and movable, and to loan,
negotiate SELL grant and dispose Of the same, to
sue and be sued, to have common seal, and to
being contrary this act nor to the constitution or
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
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 be called according to Law, or by
siderng the expediency Of such reduction.
SEC. }. Be it further enacted, etc. That nothing
in this act contained shall be held or construed to
extend or grant to the said Canal and Banking
Company any other than its banking privileges, 40
contained in the original charter and its amend
ments, aud it's rights under existing laws to charge
eight per cent per annum interest or discount on
SIC (. Be it further enacted etc., That the cap
ital stock Of said New Orleans Canal and Banking
Company shall be liable aud subject 70 taxation at
the same rate other personal property under the
: 1Signed1 MORTIMER CARR,
Speaker of the House Of Representatives.
(Signedl OSCAR J: DUNN,
Lieutenant. Governor and President Of the Senate.
fSigneil H. c. wARMOrH,
Governor OF the State of louisiana.
GEokoE E. Bovxx, Secretary Of State.
By order Of the President and Directors
NOS tal CHI. JUMONvILLE, Cashier.