New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-15
CORPORATIONS,
NOTICE TO THE STOCKHOLDERS
THE
New Orleans Cnnai and Banking ompR q y

The Stockholders of the New Orcan, Canal and
Banking Company ere 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 tho
office of the sid corporation, at the corner o.
CamD and Grayer streets, in the First District Of
the city OF New Orleans, III the state OF Louisiana,
on the twenty OF December; 1870 between
nine o. clock A. NJ and three O'Clock +. NJ and be
,diournod from day to day and resumed and con
tnucd every day successfully, Sundays and holi.
DAYS excepted, bet~ten the Same hours, until the
hr-t day of July 1871 inclusive, to take into con-
sid. IA ION and decide:
l. Whrther or not they accept The benefits aad
provisions of IN act of the Legislature OF ana
,p1,rove-i March To- 1870, entitled An act extend
in4 the charter OF the New Orleans Canal ana
Banking Company and me duIa,ioh N 'r'atol ~,
OF is capr. Al stoc!, to Que million of dollars ana
,. Whether or not the rad capital stock shall 3e
reduced 10 one million of dollars.
TIA" act above referred to r. IN thc to.io" rs
.ord- and figures, VIZ:
IN ACT 4. ndno the charter of the New Orleans
Cau.,i aud Banking Company, and the duration
thor"oi for tr'ruty five years, aud autho-iz ~
the reduction Of it, capita! stock toolt naion
srcr7os |. Be it enacted by the S.natc and House
OF Representatives, Of IT," STATE OF Louisiana N gen
eral assembly oDvcn"d, That the charter OF the
New orleans Canal and Banking COMPANY as en-
acted by the act entitled An act TO incorporate tho
subscribers 10 IL" New Orleans Canal aud Ranking
Compan and for other purposes approved March
) 1851, b, and the same hereby is extended Tor the
term Of t,,enty-tiyc years from the thirty first OF
December. Ia tho year one thousand eight hundred
and seventy and that the fourth section or aid
act shah b.. aad the is hereby 30 amended as
20 read follows:
That III. sub-cr.bNrs to the said company, their
successors and sns shall be and are herrby ere
dted r corporal ton. by til" name and style OF the
New Crieau, Canal and Banking Company, and
shall so continue until the thirty first day OF De.
.cmheT, in the wear one thousand eight hundTec
aud ncty-lve, and ny that name shall I've able 20
contract, buy, receive aud possess all kinds Of
property, imno. abb. aad movable, and to loan,
negotiate. s"u, grant and dispose OF the same, to
sue and De- sued. to have a common seal, and 70
tabli,h such bylaws a. NAV be convenient, not
being contrary to this act nor to the constitution
laws OF Ia. United States OF this STATE.
SIC. ,. Be Il further enacted, etc. That ii SHAH
~ a"tul :or The Ney Orleans Canal and Banking
Company, by luton of lis Board Of Directors,
20 reduce hc CAPITAL stock OF said company to one
,nlilion OF dollars, provided that such reduction be
rtockholders to be called according to Law, o. By
any special meeting called for the purpose of con
I'd, lin; thc cxpedicncy OF such reduction.
SIC. ). Be il further enacted, etc, That nothing
IN tbs act contained shall be held or construed to
,ytend or grant 20 the said Canal and Banking
Company any other than ito banking privileges as
contained in the original charter and its amend
nts and its rights under existing laws TO charge
eight cent Ter annum interest or discount or
its loan, or discounts.
SIC. 4. Is. L further enacted etc, That the cap
ital stock Of sad New Orleans Canal and Banking
COMPANY shall De liable and subject TO taxation
the rate 0thtr personal property under the
laws of this State.
tSigu.Ll MORTIMER CARR,
Stcuhts 0; the House of Representatives.
'Signe.ij OSCAR J. DUNN,
L:.utrHant'rorrTLoc and Pre- s!dent OF the Senate.
lSignrd) H. c. wARMoTH
Governor Of the State OF Louisiana.
Atrue copy.
By order o! tie President and Directors;
nos tjal CHI. JCMONVILLR, Cashier.