New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-25
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 pur.
suance of a resolution of the Board of Directors,
adopted November 2, 1870, meeting of the stock.
office of the said corporation ut the corner of
Camp and Gravier streets, in the First District Of
the city Of New Orleans IN the State Of sa
nine O'Clock A. NJ. and three o'clock T. NJ, and be
adjourned from day to day, and resumed and con-
tinued every day excessively, Sundays and Holt
days excepted, between the same hours, until the
first day of July 1871, inclusive, to take into con-
sideratiOn and decide:
l. Whether or not they accept the benefits and
provisions of act Ofthe Legislature of Louisiana
approved March IL, 1870, entitled IAN act extend
Banking Company and the duration thereof for
twenty five years. and authorizing the reduction
Of its capital stock to million of dollars" and
q 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 so 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 it enacted by the Senate and House
of Representatives of the State of Louisiana in gen.
eral assembly convened, That the charter Of the
acted by the entitled IAN act to incorporate the
subscribers to the New Orleans Canal and Banking
Company, and for other purposes approved March
term of twenty-five years, from the thirty-hrs OF
December, il 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 az
to read as follows:
That the subscribers to the said company, their
successors and assigns, shall be and are hereby Gre
ated corporation, by the name and style of the
New Orleans Canal and Banking Company, and
sha! so continue until the thrty-firs day of De-
cember, in the year one thousand eight hundred
and nnety-ive, and by that name shall be 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 a common seal and to
being contrary to this act nor to the constitution
laws of the United States or of this State.
SIC. 2. Be ii 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
any special meeting called for the purpose of con-
sdering the eXpediency of such reduction
SEC. 3. Be it further enacted, etc. That nothing
in this act contained shall be held OYcOnstrued to
extend or grant to the said Canal and Banking
contained in the original charter and its amend
ments, and its rights under existing laws to charge
eight per cent per annum interest OF 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 at
the same rate other personal property under the
Laws of this State.
(Signed) MORTIMER CARR,
Speaker of the House of Representatives.
:lSignedj OSCAR J. DUNN,
Lientenant. Governor and President of the Senate.
(sisned) H. C. wARMOTH.
Governor Of the State of Louisiana.
GEokar E. BovKE, Secretary Of State.
By order OF the President and Directors:
no3 tai CHI. JUMONVILLE. Cashier.