New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-04
CORPORATIONS.
NOTICE TO THE STOCKHOLDERS
New Orleans Canal and Banking Company.

To-
New Orleans Canal and Banking Company.
Banking Company are hereby notified that, in pur
suance of a resolution of the Board Of Directors,
adopted November 2, 1870, e 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
on the twenty-sixth Of December, 1870, between
nine O'clock A. NJ and time o'clock p. NJ. and be
adjourned from day to day and resumed and con con
days excepted, between the same hours, until the
first day Of July, 1871 inclusive, to take into con-
l. Whether or not they accept the benefits AID
provisions Of act Of the Legislature of Louisiana,
ing the charter of the New Orleans Canal and
Banking Company, and the duration thereof tcf.
and an mon e. ths
2. Whether or not the said capital stock shaAj e9
reducedto one million of,dollars.
The act above referred to is in the foliow.rs
words and figures, VIZ:
AN ACT extending the charter of the New Orleans
Canal and Banking Company, and the duration
thoreef for twenty-five years, and authorizing
the reduction q its capital stock to one million
SECTION /. Be it enacted by the Senate and.Horee
of Representatives Of the State of Louisiana in gen
New Orleans Canal and Banking Company, as en-
acted by the act entitled act to incorporate tie
subscriberst to the New Orleans Canal and BANKING
Company and for other purposes" approved March
s. 1851 be and the same hereby is extended for tho
term Of twenty-five years, from the thirty-frs Of
and seventy, and that the fourth section Of said
act shall be, and the same is hereby SO amended as
to read as follows:
That the subscribers to the said company, their
and assigns shall be and are hereby Gre
ated q corporation, by the name and style OF the
New Orleans Canal and Banking Company, AID
shall so continue until the thirty-first day Of De-
cember. in the year one thousand eight hundred
and ninety-hve and by that name shall be able 20
contract buy, receive and possess all Kinds Of
property, immovable and movable, and to loan,
negotiate, sell, grant and dispose Of the same, 20
sue and be sued, to have a common seal and 70
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 ore
million of dollars, provided that such reduction oe
stockholders to be called according to law or by
any special meeting called for the purpose OF coz
sidering the expectancy Of such reduction
SEC. g. Be il further enacted, etc.. That noth,EG
in this act contained shall be held construed, 10
extend grant to the said Canal and Banking
Company any other than its banking privileges, a.
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
SEC L. Be it further enacted, etc., That the cap
ital stock Of said New Orleans Canal and BANKING
Company shall be liable and subject to taxasdon 81
the same rate other personal property unaer 10
laws of this State. - nn
Speaker of the House Of REPRESENTATIVES.
Lieutenant: Governor and President Of the Senate.
Approved ppg;SUsS, March TO- 1871 H. G. wARMorH.
: Governor OF the State OF Louisiana
GEORGE E. BovEE Secretary Of State.
By order OF the President and Directors
nos tjal CHI. JUMONvILLE, Cashier.