New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-22
NOTICE TO THE STOCKHOLDERS

oTTHy
New Orleans Canal and Banking Company.
The stockholders of the New Orleans Canal and
Banking Company are hereby notified that, in pur
suance of resolution OF the Board of Directors
adopted November 2, 1870, meeting of the stock
holders of the said corporation will be heldeat 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 twenty-sixth of December, 1870, between
nine clock A. NJ. and three O'Clock P. NJ and be
adjourned from day to day, and resumed and con
tinued every day successively Sundays and holi
days excepted, between the same hours, until the
first day Of July 1871, inclusive, to take into con
l. Whether ornot they accept the benefits and
provisions of act of the Legislature of Louisiana
ing the charter Of the New Orleans Canal and
Banking Company, and the duration thereof fol-
twenty five years, and authorizing the reduction
Of its capital stock to millisn of dollars and
2. Whether or not the said capital stock shall bt
reduced to one million of dolhrs.
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
thoreel 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
New Orleans Canal and Banking Company, as en-
subscribers to the New Orleans Canal and Banking
Company, and for other purposes" approved March
s. 1881, be and the same hereby is extended for the
term of twenty-five years, from the thirty -trst 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 80 amended as
to read as follows:
That the subscribers to the said company, their
successors and assigns shall be aud are hereby
ated 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-ive, and by that name shalt 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
establish such bylaws as may be convenient, not
laws n 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 one
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.
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
ments, and its rights under existing laws to charge
eight per cent per annuin interest or discount on
its loans or discounts.
SEC. d. 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.
(Signedl OSCAR J. DUNN,
Ee,Itenant- Governor and President OF the Senate.
Approved March Is, 1870.
(Signed) H. c. WARMOTH
Governor of the State of Louisiana.
true copy:
GRoKGs Z. BovEE, Secretary of State.
By order OF the President and Directors
nOa tjaI CHI. KNOXVILLE, Cashier.