New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-13
CORPORATIONS,
NOTICE TO THE STOCKHOLDERS
oPTEE
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 Gravier streets, in the First District of
the city of New Orleans in the State of Louisiana
on the twenty-siNth Of December, 1870 between
adjourned from day to day, and resumed and con-
tinued every day successfully, Sundays and Holt
first day of July 1871, inclusive to take into
sideration and decide:
!. Whether or not they accept the benefits and
provisions of act ofth Legislature of Louisiana,
approved March Is, 1870, entitled IAN 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 millisn 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 the New Orleans
Canal and Banking Company, and the duration
thOreOt for twenty-five years, and authorizing
the reduction OF its capital stock to one million
of dollars
SECTION l. Be it enacted by the Senate and House
of Representatives Of the State of Louisiana in gem
eral assembly convened That the charter OF the
New Orleans Canal and Banking Company. as en-
acted by the entitled An act to incorporate the
subscribers to the New Orleans Canal and Banking
Company, and for other purposes approved March
s. 1881, he and the same hereby is extended Tor 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 be, andshe is hereby SO amended ;ss
to read as follows:
That the subscribers to the said company, their
and assigns shall be and are hereby Gre
ated a corporation. by the name and style OF the
New Orleans Canal and Banking Company, and
hal so
cember i'll the year one thousand eight hundred
and ninet y-ve, and ny that name shall be able to
property, >nmovable and~movable, and to loan,
negotiate, sell, grant and dispose of the same, 10
sac and be sued, to have common seal, and 10
establish such bylaws as may he convenient, not
being contrary to this act to the constitution or
laws of 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
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 expedency of such reduction.
SEC 3. Be it further enacted etc. That nothing
in this act contained shall be held or 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
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
ltal stock OF sad New orleans CdHai anu
Company shall be liable and subject to taxation at
the same rate other personal property under the
laws of this State.
(Signed) MORTIMER CARK,
Speaker of the House of Representatives..
(Sinnedl OSCAR J. DUNN.
Lieutenant Governor and President of the Senate.
Approved March Is, 1870.
(Signed) H. Z. WARMOIH.
Governor of the State of Louisiana.
A true copy:
GEORGE E. BovEE, Secretary Of State.
BY order OF the President and directors:
nos tja1 Oh JUMON'lLLh' Cash1"r.