New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-12
CORPORATIONS.
ACKNOWLEDGEMENTS
NOTICE TO THE STOCKHOLRERS
or THE
New Orleans Canaland Banking Company.

The stockholders of the New Orleans Canal and
Banking Company are hereby notified that, IN pur-
suance Of resolution of the Board Of Directors,
holders Of the said corporssion VIII s. heidat the
Office of the said corporation, at the conner OF
the s.v Of New Orleans Il the State Of Louisiana
on the tweuty-sixth Of December, lS0 between
nines0clock A. NJ and thsee o'clock r. NJ, and he
tinusd every day successfully, Sundays and h0li-
dayse excepted, between the came hours untn the
first day Of July 1871, inclusive to take into con
/. whether or not they aocept the benefits and
provisions Of an act ofthe Legislature OF L"uisaa
approved March l6, 1870 entitled AN act extend.
ing the charter Of the New Orleans Canal ana
Banking Company, and the duration thereof icr
y =. and an ae on G doar and
2. Whether or not the said capital stock shaA DC
reduced to one million of dollars.
The act above referred to ID IN the following
words and figures viz:
AN ACT extending the charterof TIE New Orleans
Canal and Banking Company, and the duration
thoreOf for twenty five years, and authorizing
the reduction Of its capital stock to one million
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, as en-
acted by the act entitled An act oincorporate the
subscribers to the New Orleans Canal and Ranking
a ny and for other the
term OF Twenty-Five years, from the thirty-nrsl OF
December, in the year one thousand eight hundred
and seventy, and that the fourth section OF sald
act shall be- and the same is hereby so amended as
to read as follows:
That the subscribers to the said company, their
successors and assigns, shall be and are hereby ere
ated corporation, by the name and style OF the
New Orleans Canal and Banking Company and
shall SO continue until the thirty-hrst day OF De,
cember, IN the year one thousand eight hundred
and ninety-five, and by that name shall be able 70
contract, buy, receive and possess all kinds Of
property, immovable and movable, and to loan
negotiate, sell, grant and dispose OF the same, 10
sue and be siled, to have common seal and to
establish such bylaws as may be convenient, not
being contrary to this act to the 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
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. 3. 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
Company any other than its banking privileges as
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
its loans or discOunts.
SIC. 4. Be it further enacted, etc, That the cap
ital stock Of said New Orleans Canal and Banking
Company shall be liable and subject to taxation at
the same rate as other personal property under the
laws Of this State.
(Signed) MORTIMER CARR,
(Signedj OSCAR J. DUNN,
Lieutenant Governor and President Of the Senate.
fsigned) H. c. wARMOTH,
Governor OF the State Of Louisiana.
GKoIGE E. BovEE Secretary Of State.
By order OF the President and Directors:
NOS tial Oh. JUMONv1LLE Cashier.