New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-11
CORPORATIONS.
NOrICR TO THE STOCKHOLDERS
New Orleans Canal and Bank ing Company

The stockholders of the New Dreams Cana! and
Banking Company are hereby notified that, IN pur
suance of a resolution OF the Board OF Directors
adopted November 2, 1870, a 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
the city Of New Orleans. IN tho state OF Louisiana
on the twenty sixth OF December, 1870, between
adjourned from day to day, and resumed and con
tinued every day successfully Sundays and holi
days excepted between the same hours, until the
first day of July, 1871 inclusive, to tAe INTO
sideratOn and decide:
l. Whether or not they accept the benehte and
provisions OF an act Of the Legislature of louisiana
ing the charter Of the New Orleans Canal and
Banking Company, and the duration thereof for
twenty-i five years. and authorizing the reduction
of its capital stock TO million of dollars" and
2. Whether or not the said capital stock shai, he
reduced to one million of dollars.
The act above referred to ~ Ia the foloF re
words and hsures, W:
AN ACT extending the charter Of the New Orleans
Canal and Banking Company, AND the duration
thoreo for tvsntv-Hve years, aud authorizing
the reduction OF its capital stock 70 one million
of dollars.
SRCroN l. 30 it ted by the senate and House
of Representatives OF the State Of Louisiana gen
eral assembly con Tened That the charter of the
acted by the act entitled IAN act to incorporate the
subscribers to the New Orleans Canal and Bank ng
$ 1851, be and the same hereby Is extended for the
term OF twenty five years, from the thirty first OF
December, N the year one thousand eight hundred
and seventy, ard that the fourth section of said
act shall be and the 20 hereby amended as
70 read rs follows:
That the subscribers to the said company, their
successors and assigns ssu b. and art hereby ere
atei u corporation, By the nam0 and style os the
New Orleans Canal and Banking Company and
shall so continue until the thirty day OF De
cember il the year one thousand eight hundred
and ninety Ave and by that name shall tc able to
contract, bnr, rece!ve and possess all kinds of
property, imnoY.snle and movable, and to loan
negotiate, soil grant and dispose Of the same to
establish such sy avs as may be convenient, not
being contrary to this act to the constitution or
laws Of tae United States or Of .his State.
SEC 2. Be It further enacted. etc. That it shall
be lawful for the New Orleans Canal and Banking
Company by resolution OF its Board of Directors
TO reduce the capital stock of sad pany to
recommended to the Board at the meeting OF
stockholders 70 be called according to Law or BY
any special meeting called for the purpose Of con
sidering the expedisncy of such reduction.
SEc 3. 30 it further enacted etc. That nothing
In this aot contained shall be held construed to
extend or grant to the said Canal and Banking
Company any other than its banking privilege, as
contained in the original charter and its amend
ments and It's rights under existing aws to charge
eight per cent PER annum interest Or discount On
ita loans discounts.
Sy4C. 4. Be il further enacted etc That the ran,
itaf stock Of said New Orleans Canal and Banking
Company shall be liable And subiect n TAXATION at
the same rate Is other personal property under the
laws OF this State.
(SisseJ HORT1xRR CARR,
Speake, of the House Of Representatives.
(Si9ned} OSCAR J. Dunn,
Apx.s~od March Is. isN.
Governor sf the state Of Lou.siana4
0assSs z Bov.s, Secretary # state
BY order OF the rresideat And Directors
~ al ca SuA0KvuL1. Cashier.