New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-21
NQTICE TO THE STOCKHOLDERS

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
nine O'clock a. N and three o'clock P. H., and be
adjourned from day to day, and resumed and CON
tnued every day successively, Sundays and hof.
DAYS excepted, between the same hours, until the
first day Of July, 1871, inclusive, to take into
sideratiOn and decide:
whether OF not thsy aeesP. .he oenenis ana
approved March It, 1870, entitled IAN act extend
ing the charter Of the New Orleans Canal and
twenty five years. and authorizing the reduction
Of its capital stock to Que mllisn of dollars" and
u OF mot the sadG capital STOCK Snau Do
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
thoreo1 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 gen.
eral assembly convened, That the charter of the
New Orleans Canal and Banking Company, rs en-
acted by the act entitled act to incorporate the
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 first 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 so amended az
to read as follows:
That the subscribers to the said company. their
and assigns, shall be and are hereby ere
ated corporation, by the name and style of the
shall 30 continue until the thirty first day Of De-
cember. in the year one thousand eight hundred
and ninety five, 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
establish such bylaws as may be convenient not
being contrary to this act nor to the constitution or
laws of the United States or Of this State.
SEC. 2. Be it further enacted, etc. That 1t shall
be lawful for the New Orleans Canal and Banking
Company, by resolution of it's Board OF Directors,
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-
sidering the expediency Of such reduction.
SIC. g. 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
contained in the original charter and lite amend
ments. and its rights under existing laws to charge
eight per cent per annum interest or discount on
its loans or discounts
SEC. l. Be it further enacted ETC., That the cap
ital stock of said New Orleans Canal and Banking
the same rate other personal property under the
laws of this State.
speaker of the House Of Representatives.
(Signedy OSCAR j. bUNN,
Lieutenant, Governor and President Of the Senate.
Approved March 10, 1870 ~ w.,xoru
Governor OF the State of Louisiana
GsoRsg E. Bovxs Secretary Of State.
By order OF the President and Directors:
nOa tjal CHI. xUMONvILLX. Cashier.