New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-09
CORPORATIONS.
NOTICE TO THE STOCKHOLDERS
New Orleans Canal and Banking Company.

The STOCKHOLDERS of the New Orleans Canal and
Banking Company are hereby notified that. in pllr-
suance OF a resolution OF the Board OF Directors,
adopted November ?. 1870 a meeting of the stock
holders OF the said corporation will be held AT the
office of the said corporation, 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 tweuty-siN of December, 1870, between
nine o'clock A VI. and thre. O'clock 7. NJ, and be
adjourned from day 10 day, and resumed and con
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 OF the Legislature of Louisiana
approved March 10. 1870 entitled An act extend
ing the charter of the New Orleans Canal and
Banking Company, and the duration thereof for
twenty-five years, and authorizing the reduction
of its capital stock to Que million of dollars" and
?. 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, 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
OF dollars.
SECTION l. Be il 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,
acted by the act entitled IAN act to incorporate the
subscribers to the New Orleans Canal and Banking
Company, and for other purposes" approved March
s. 1881 be and the hereby is extended for the
term of twenty-five wears, from the thrt first of
December, i'll the year one thousand eight hundred
and seventy, and that the fourth section of said
act shall be- and the same is hereby amended
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-tve, and by that name shall be able to
contract, buy, receive and possess all kinds of
property iInrno able and movable, and to loan
nfia-n SCI llSpOSp
sue and be sued, to have common seal and to
establish such bylaws as may be convenient not
being contrary to this act nor to the constitution
laws of the United States OF this State.
SEC 2. Be il further enacted etc, That it shall
he 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
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
any special meeting called for the purpose of con-
sidering the expediency of such reduction.
SEC 3. Be it further enacted, etc. That nothing
in this act contained shall be held construed to
extend grant to the said Canal and Banking
Company any other than its banking privileges as
contained in the original charter and its amend
ents and its rights under existing laws to charge
eight per cent per annum interest or discount on
its loans 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 al
the rate as other personal property under the
laws of this State.
(Sgned) MORTIMER CARR,
Speaker of the House Of REPRESENTATIVES
lsgnoda and President Of o TN Senate
ffsSienedi H. C. WARMOTH.
Governor of the State Of Louisiana
assscE z. Bov.z, secrstsry Of State.
By order OF the President and Directors:
nos Ual ca. KNOXVILLE, Cashier.