New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-20
NOTICE TO THE STOCKHOLDERS
New Orleans Cnnnl and Banking C0mpan!


New Orleans Canal and Banking Company.
The stockholders of the New Orleans Canal and
Banking Company are hereby notified that, i'll puE~
suancs OF resolution of the Board of Directors,
adopted November 2, 1870, meeting of the stock
holders OF the said corporation viii be- held at the
Office of the said corporation, at the corner OF
Camp and Graver streets, in the First District OF
the city of New Orleans. in the State of Louisiana.
the twenty-siXth of December, 1870, between
nine o'clock A. NJ and three o'clock p. M and be
adjourned from day to day and resumed and con.
tjnued every day successfully, Sundays and holt
DAYS excepted between the hours, until the
first day OF July, 1871, inclusive, 10 take into con-
sideratiOn and decide
provisions OF act of The Legislature OF Louisiana,
approved March t. 1870, entitled An act extend
ing the charter of the New Orleans Canal and
Banking Cnmpans, and the duration thereof for
twenty five years, and authorizing the reduction
Of its capital stock to one mien of dollars and
2 Whether not the said capital stock shall be
reduced to million OF dollars
The act above referred to is n the following
words and figures, VIZ:
AN ACT extending the charter of the New Orleans
Canal and Banking Company, and the duration
ThoreOE for twenty-five years. and authorizing
The reduction OF its capital stock to one million
ci dollars
SECTION l. Be it enacted by the Senate and House
Representatives OF the State of Louisiana in gen
eral ass. mbly 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 1851 be and the hereby is extendcdsfor the
term of twenty-five years, from the thirty first OF
December i'll 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 aS
to read follows:
hat the subscribers to the said company, their
and assigns, shall be and hereby Gre
al+d ii corporation, by the name ana style OF the
New Orleans Canal and Banking Company, and
shall so continue until the thirty day OF De
cember in the wear one thousand eight hundred
and ninet y-tve, and Dy that name shall he able to
contract, buy, receive and possess all kinds OF
property, inlinovabie and movable, and 10 loan,
negotiate sell. grant and dispose of the same, to
and be sued, to have a common seal and to
establish such by laws as may be convenient not
being contrary to this act nor TO the constitution or
Laws OF the United States orof this State.
SgC ?. Be il 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
million of dollars, provided that such reduction he
recommended to the Board at the meeting OF
stockholders to he called according TO law, by
any special meeting called tor the purpose OF con-
sidering the eXpediency of such reduction.
SIC 3. Be it further enacted. ETC. That nothing
N this act contained shall be he'd construed, to
extend grant to the said Canal and Banking
Company any other than its banking privileges as
obtained i'll 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
Ssc 4, Be it further enacted, ETC. That the cap
Company Shall be iable and subject to taxation at
the same rate other personal property under the
laws OF this State.
l3igred) MORTIMER CARR,
Speaker of ths' House OF R.pressntatives
(SigIled) OSCAR J. DUNN
Lie,Ittnant Governor and President of the Senate
Approved March 10, 1870.
tSisned) a.. WARMOrH,
Governor Of the State of Louisiana
4 true copy
GroRGE Z. Bower, Secretary OF State.
BY order the President AID Directors
nos tal Gil. KNOXVILLE, Cashier.