New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-22
CORPORATIONS.
NOTICE TO THE STOCKHOLDERS
New Orleans Canal and 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,
adopted November ., 1870, meeting Of tho stock
holders Of the said corporation will be held ut the
Camp and Gravier streets, in the First District Of
the city Of New Orleans, in the state Of Louisiana,
on the twenty,sxth Of December, 1870 between
nine o'clock A. M and three O'Clock p. M, and be
tinued every day successively, Sundays and holi-
first day Of July, 1871, inclusive to take into con-
sideration and decide:
Whether or not they accept the BENEFITS and
approved March 16, 1870 entitled IAN act extend.
ing the charter Of the New Orleans Canal and
twenty-five years, and authorizing the reduction
Of it's capital stock to million Of dollars" and
2. Whether not the said capital stock shall be
reduced to one million Of dollars.
The act above referred to is in the following
words and figures, viz:
AN ACT extending the charter Of the New Orleans
Canal and Banking Company, and the duration
the reduction Of its capital stock to one million
SECTION i. Be it enacted by the Senate and House
eral assembly convened That the charter Of the
New Orleans Canal and Banking Company, = en-
subscribers to the New Orleans Canal and Banking
Company, and for other purposes" approved March
term Of twenty-five years, from the thirty frat Of
December in the year one thousand eight hundred
and seventy, and that the fourth section OF said
act shall be, and the same Is hereby amended a.
to read as follows:
That the subscribers to the said company, their
successors and assigns, shall be and hereby Gre
ated corporation, by the name and style Of the
New Orleans Canal and Banking Company, and
shall 90 continue until the thirty-frst day Of De-
cember, in the year one thousand eight hundred
and ninety-fve, and ny that name shall be able to
contract buy, receive and possess all kinds Of
property, immOvable and movable, and to loan
negotiate, SELL grant and dispose Of the same, to
sue and be sued to have common seal, and to
establish such bylaws as may be convenient, not
being to this act nor to the or
laws of the United States or of this State.
SEC. O. Be it further enacted, etc., That II 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 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 ii 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
it's loans or discounts.
Sac. 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 other personal property under the
laws of this State.
Speaker of the House Of Representatives
(Signed) OSCAR J. DUNN,
Lieutenant Governor and President of the Senate.
(signed) ~ H. G. wARMOTH, !,
Governor OF the State OF Louisiana.
GHoKGR E. BovRE, Secretary Of State.
By order OF the President and Directors
nOS tja1 CH. JUMONvILLE, Cashier.