New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-10

nrOTICE no THE erOCKHOLDERs
New Orleans Canal and Banking Company.

New Orleans Canal and Banking Company.
The stockholders of the New Orleans Cana, and
Banking Company are hereby notified that, In pur'
suance of resolution of the Board of Directors,
adopted November ., 1870, 9 meeting Of the stock
office Of the said corporation, at the corner Of
Camp and 0ravier Streets in the First District OF
the city of New Orleans. in the State Of Louisiana,
nine O'Clock A. NJ and three o'clock p. NJ, and be
adjourned from day to day, and resumed and con-
tinued every day successively, sundays and non.
days excepted, between the same hours, until the
first day Of July, 1884, inclusive, to take into con-
alteration and decide:
Whether or not they accept e nsnenis ana
approved March IL, 1870, entitled IAN act extend.
ing the charter Of the New Orleans Canal and
twenty-five years and authorizing the reduction
Of its capital stock to QUE millien Of donars;" and
MT ,ns o saS capital stock shall DO
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
thoreo, for twenty five years, and authorizing
OF dollars.
SEcr1oN l. Be it enacted by the Senate and House
eral assembly convened, That the charter of the
New Orleans Canal and Banking Company, as en-
acted by the act entitled act to the
subscribers to the New Orleans Canal and Banking
s. 1851 be and the same hereby is extended for the
term Of twenty-five years. from the thirty first 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 so amended as
to read as follows:
mat the subscribers to the said company, their
and assigns, shall be and are hereby Gre
ated a corporation, by the name and style Of the
New Orleans Canal and Banking Company, and
shall continue until the thirty first day Of De-
cember, in the year one thousand eight hundred
and ninety-five and ny that name shall be able to
contract, buy, receive and possess all kinds Of
property, imniovable and movable, and to loan.
negotiate, sell, grant and dispose Of the same to
sue and be sued, to have q common seal, and to
establish such bylaws as may he convenient, not
laws of the United States or OF this State.
SEC. 2. Be 1t further enacted ETC., That it pail
be lawful for the New Orleans Canal and Ban ing
Company, by resolution Of it's Board Of Directors,
to reduce the capital stock Of said company to enc
million OF dollars provided that such reduction be
recommended to the Board at the meeting Of
any special meeting called for the purpose OF con.
SIC. 8. 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 privileged, as
contained in the original charter and its amend
ments and it's rights under existing laws to charge
eight per cent per annum interest OF discount on
its loans discounts.
SEQ. 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 al
the same rate other personal property under the
laws of this State.
speaker Of the House Of REPRESENTATIVES
Lieutenant. Governor and President Of the Senate
fsigned She. wARMoTH,
Governor Of the State OF Louisiana
GEORGE E. BovRT, Secretary of State.
By order OF the President and Directors:
NOS tjal CHI. JUMONVILLE Cashier.