New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-24
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 a resolution OF the Board of Directors
adopted November 2, 1870. q meeting Of the stock
holders Of the said corporation will be held the
office OF the said corporation, at the corner Of
Camp and Gravier streets, in the First District of
on the twentysixth of December 1870 between
nine O'clock A. NJ. and three o'clock T. NJ. and be
adjourned from day to day, and resumed and con-
tnued every day successfully. Sundays and holi-
days excepted, between the same hours. until the
first day of July, 1871 inclusive. take into con-
!. Whether or not they accept the benefits and
provisions of an act Of the Legislature of Louisiana
approved March l6, 1870, entitled IAN act extend.
ing the charter of the New Orleans Canal and
banking Company, and the duration thereof for
t~enty-hx years and authorizing the reduction
Of rs capital stock to QUE million of dollars" and
2. Whether or 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
thoreo, for twenty-five years and authorizing
the reduction Of its capital stock to one million
of dollars.
SxcrloN l. Be it enacted by the Senate and House
OF Representatives OF the State Of Louisiana gen
era! assembly convened, That the charter of the
acted by the act entitled AN act to incorporate the
subscribers to the New Orleans Canal and Banking
COMPANY mi, and for Other PurpSses approved March
term of twentyfv 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 amended as
to read as follows:
That the subscribers to the said company, their
successors and aGDigns. shall be and hereby
ated corporation, by the name and style Of the
New Orleans Canal and Banking Company, and
shall continue until the thirty-frst day of De-
celnber in the year one thousand eight hundred
and ninety-fvc, and by 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
being contrary to this act nor to the constitution
laws of the United States or of this State
SIC. 2. Be it further enacted etc, That il 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 reduc ton 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-
-idering the expediency of such reduction.
SIC. ). 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
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
its loans discounts
EEC. {. 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.
(signe.D MORTIMER CARR.
Speaker of the House of Repre- sentatives.
tSigned) OSCAR j. DUNN
Lieutenant Governor and President OF the Senate.
approved March l6, 1870.
,sisned) II. c. wARMOrH
Governor OF the State of Louisiana.
4 true copy:
GEokGE E. BovEH, Secretary Of State.
By order OF the President and Directors
nos t3aI Oh. JUMONV1LLE. Cashier.