New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-26
CORPORATIONS.
NOUCR 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 at the
office OF the said corporation, at the corner of
camp and Gravier streets IN the FIRST District OF
on the twenty-sixth Of December, 1870, between
nine O'Clock A. NJ. and three o'clock =. NJ, and be
tinued every day excessively, Sundays and hol
days excepted, between the same hours. until the
first day of July 1871, inclusive, to take into
sideratiOn and decide:
]. 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
twenty i've years, and authorizing the reduction
OF its 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:
ACT extending IN sDs1,l, Of the New or,e,D.
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
SECTION /. 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 to incorporate the
subscribers to the New Orleans Canal and Banking
Company and for other purposes approved March
). 1884, be and the 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 amended as
to read as follows:
That the subscribers to the said company, their
successors and assigns, 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 -tirst day of De-
cember in the year one thousand eight hundred
and ninety-tve, 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
.Nd k.A Gv,ah IN hay n mn A.lat nd IN
establish such by laws az may be convenient, not
being contrary to this act to the constitution
laws of the United States of this State
SEC 2. 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,
10 reduce the capital stock of said company to
million OF dollars, provided that such reduction be
recommended to the Board at the meeting of
stockholders 10 be called according to law, by
any special meeting called for the purpose OF con-
eidering the eXpediency of such reduction.
SIC. 3. Be il further enacted. etc. That nothing
in this act contained shall De held construed TO
extend grant to the said Canal and Banking
Company any other than its banking privIle ges as
cont aimed in the original charter and its amend
ments and its rights under existing laws TO charge
eight per cent per annum interest discount
it's loans discounts.
FEC. 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 proper ty under the
laws OF this State.
iSgned) MORTIMER CARR,
Speaker of the House of Representatives.
.Signed) OSCAR J. DUNN,
Lieutenant Governor and President of the Senate.
Gsgned) H. c. wARMoTH,
Governor OF the State of louisiana
GEoKtE E. BovEK Secretary Of State.
By order OF the President and Directors:
MOB lja1 Oh. JUMONVILLE, Cashier.