New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-29
CORPORATIONS.
NOTICE 30 THE sroCKHQIDRRs
or THE
New Orleans Canal and Banlsisg Company

or THE
New Orleans Canal and BanleinG Company.
Tho stockholders q the New Orleans Canal ana
Banking Compaey arc hereby notified that, In pur-
sssance Of , reofntion q the Board Of Director,
holders Of the said corporation win he held u the
ONCE. Of the said corporation, ct the corner Of
the city Of New Orleans, in the state Of louisiana
nine o'clock 4. n. and three O'Clock r. r.. and b
adjourned from day to day, snd resumed ana eol-
days excepted, betweea the same hours until the
first day Of July ISL inclusive, to take into con-
!. whether or NOT they accept the benefits and
e. q
Banking Cnmpany, and the duration thereof for
Of its capital stock to QUE million Of doars;" and
2. Whether not the said capital stock shall bo
reduced to one million 1rr d d To- II in the following
words and figures viz:
AN ACT extending the So Charter Of the New oresns
Canal and Banking Company and the duration
thOreoi for twenty-five years, and authorizing
hereduction Of it's capital stock to one million
SECTION /. 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-
acted by the act entitled An act oincorpcrate the
sn 20 s osr ares
s 1851. 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 he. and the same is hereby 20 amended as
to read as follows:
That the subscribers to the said company, their
and assigns shall be and arc hereby cre
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-fve and by that name shall be able to
contract, buy, receive and possess all kinds OF
Negotiate, Sell grant and dispose Of the same, to
and be sued, to have q common seal, and to
establish such bylaws as may be convenient, not
laws of the United States or of this State.
SEC. 2. Be it further enacted etc.t That 1t 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 enc
million of dollars, provided that such reduction BE-
recommended to the Board at the meeting OF
any special meeting called for the purpose Of con-
sidering the expediency Of such reduction.
SEC .. BE it further enacted, etc. That nothing
in this act contained shall be held CONSTRUED to
extend OF grant to the said Canal and Banking
Company any other than its banking privileges az
contained in the original charter and it, 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.
Company shall be liable and subject to taxation at
the same rate other personal property under the
laws OF this State.
Speaker Of the House Of Representatives.
fsisned and OSCAR pssai5 J. DUNN mn
{Signedj II. c. wARMOTH,
Governor Of the State of Louisiana.
GxoKaE z. Bovzz, Secretary Of State.
By order OF the President and Directors
nos tjal CHI. KNOXVILLE. Cashier.