New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-03
NOTICE TO THE STOCKHOLDERS
New Orleans Canal and Banking Company.

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
holders of the said corporation will be held at the
Office Of the said corporation, at the corner of
Camp and Graver streets, in the First District of
On the twenty-sixth Of December. 1870, between
nine O'clock A. M. and three O'clock z. NJ, and be
adjourned from day to day, and resumed and CON on
days excepted, between the same hours, until the
first day Of July, 1871 inclusive, to take into con-
l. Whether or not they accept the benefits and
provisions of act of the Legislature of Louisiana
approved March l6, 1870, entitled AN act extend
ing the charter Of the New Orleans Canal and
Banking Cnmpany, and the duration thereof for
twenty-five years. and authorizing the reduction
of its capital stock to million of dollars; and
2. Whether 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 tie New Orleans
Canal and Banking Company and the duration
thOreci for twenty-five years, and authorizing
the reduction OF its capital stock to one million
of dollars.
of Representatives OF the State of Louisiana in gen
eral assembly convened, That the charter of the
New Orleans Canal and Banking Company, as en-
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 years, from the thirty first Of
December, in the year one thousand eight hundred
and seventy, and that the fourth section of said
act shall he, and the SAME is hereby so amended as
to read as follows:
That the subscribers to the said company, their
successors and assigns, shall be and hereby Gre
ated corporation. by the name and style of the
New Orleans Canal and Banking Company, and
shall continue until the thrty-firet day of De:
cember, in the year one thousand eight hundred
and nnety-five, and by that name shall he able to
contract, buy, receive and possess all kinds OF
property, imlnOvable and movable, and TO loan,
negotiate, sell, grant and dispose of the same. to
sue and he sued, to have a common seal aud to
establish such bylaws as may be convenient not
being contrary to this act nor to the constitution
laws of the United States OF of this State.
SEC. Q. 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
million of dollars provided that such reduction he
recommended to the Board at the meeting of
stockholders to be called according to law. or by
any special meeting called for the purpose vi con-
sderng the expediency of such reduction.
SEC. 3. Be it further enacted, etc. That nothing
in this act contained shall be held construed to
extend or grant to the said Canal and Banking
Company any other than its banking privileges as
contained in the original charter and its amend
ments, and its rights under existing laws to charge
eight per cent per annum interest or discount on
its loans or discounts.
SEC. 4. Be it further enacted, ETC. That the cap.
ital stock of said New Orleans Canal and Bankin.
Company shall BIZ liable and subject TO taxation at
the same rate other personal property under He
laws Of this State.
(Sgned) MORTIMER CARR
(Signedj OSCAR J. DUNN,
Lieutenant Governor and President Of the Senate.
fSgnedl H. c. wARMOTH,
Governor of the State of Louisiana.
GxoEGE f. BovEE, Secretary Of State.
BY order OF the President and Directors
nos tjal CHI. KNOXVILLE, Cashier.