New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-08
OFFICIAL NOTICES.
NOTICE TO THE STOCKHOLDERS
OF THE
New Orleans Canal and Banking Company

The stockholders Of the New Orleans Canal and
Ranking COMPANY are hereby notified that, in pur-
suance of &. resolution OF the Board of Directors,
adopted November 2, 1870, a meeting OF the stock
holders OF the said corporation Will DE 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-sixth OF December, 1870 between
nine O'Clock A. NJ. and three O'Clock T. NJ, and be
adjourned from dag TO day, ana resumed ana con
tuued every day successively sundays and holl-
DAYS executed between the same hours until the
first day Of July 1871 inclusive, to take into con
sideratiun and decide:
i. whether or not they accept the benefits and
provisions of an act of the Legislature Of Louisiana,
approved March l6, 1870, entitled An act extend,
inc the charter Of the New Orleans Canal and
Banking Company, and the duration thereof for
twenty-tiv years. and authorizing The reduction
of its capi. al stock to million OF dOllars' and
D. 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 the New Orleans
Canal and Banking COMPANY and the duration
fhoreor for twenty five years, and authorizing
the reduction Of its capital stock to one million
Of dollars.
of Representative 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 TIE net entitled AM ACT 10 incorporate the
subscribers 70 the New Orleans canal and Banking
COMPANY and for other purposes, approved March
S. 1851 he and the same hereby is extended for the
term OF TWENTY-FIVE Years, from the thirvrst Of
December in the wear one thousand eight hundred
and seventy, and that the fourth section OF said
act eia De, and the same IS hereby SO amended as
20 read rs follows;
That tile subscribers 10 the said company, their
successors and assigns shall b. and are hereby ere
ated a corporation, by the name and style of the
New Orleans Canal and Banking Company, and
shall continue until the thirty first day OF De-
ceinber, IN the year thousand eight hundred
and n.retv-fve and by that name shall be able to
| contract. buy, receive and possess all kinds Of
| rroper.v !lnInovable and movable and to loan,
negotiate Sell, grant and dispose OF the same to
sue ans; be sued, 10 have common seal, and TO
establish such bylaws as may be convenient, not
being contrary to this act nor to the constitution Or
| laws OF the United States OF OF this State.
SIC. ?. Be il further enacted, etc. That il shall
! be lawful Tor 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 10 law. or by
any special meeting called for the purpose OF con
| edern. the expediency of such reduction.
| SEC. 8. Be 1t 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 ether 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 annuln interest or discount on
| its loans or discounts.
| SEC d. BE il further enacted, ETC. That the cap
ital stock of said New Orleans Canal aYd Banking
COMPANY shall be liable and subject 10 taxation al
the same rate other personal property under the
laws of this State.
| (S.gned) MORTIMER CAhK,
| Speaker of the House of representatives
(Signsd) OSCAR J. DUNN
| Lieutenant Governor and President OF the Senate
| ttsisnedl H G. WARMOTH,
Governor of the State OF Louisiana
true copy
| GF1tGE z. BovEE, Secretary of State.
| BIZ order OF the President and Directors
| nos tjal Oh. KNOXVILLE, Cashier.