New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-11-23
CORPORATIONS.
NOTICE TO THE STOCKHOLDERS
New Orleans Canal and Banking Companys

The stockholders of the New Orleans Canal and
Banking Company are hereby notified that, in pur.
adopted November D. 1870, q meeting Of the stock
holders of the said corporation will be held at the
es of the tn 1e Il r
the city of New Orleans, in the state Of Louisiana,
on the twentysixth Of December; 1870 between
nine o'clock A. NJ. and three o'clock p. M, and be
adjourned from day to day, and resumed and con-
tinued every day successfully Sundays and non
first day af July, 1871, inclusive, to take into con.
sideration and decide:
l. Whether or not they accept the benefits and
approved March It, 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 Que million Of dollars" and
2 Whether not the said capital stock shall BE-
reduced to 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 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 rs follows:
That the subscribers to the said company, their
successors and assigns, shall be and hereby ere
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 -ve, 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 a common seal and to
establish such bylaws as may be convenient not
being contrary to this act to the constitution
laws of the United States or of this State.
SEC 2. Be it further enacted, ETC., That 1t 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 re
stockholders to be called according to law, or BY
any special meeting called for the purpose of con-
sidering the expediency of such reduction
SEC. 3, Be II further enacted, ETC., That nothing
in this act contained shall be held or construed q
extend grant to the said Canal and Banking
Company any other than its banking privileges, az
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 On
it's loans or discounts.
SIC. 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
laws of this State.
(Sgned) MORTIMER CARR,
Speaker of the House Of Representatives.
(Signed) OSCAR ]. DUNN,
Lieutenant Governor and President of the Senate.
Approved March 16, 1870.
(Signedl II. c. WARMOTH.
Governor Of the State Of Louisiana.
GsoKGE E. BovsE, Secretary Of State.
By order OF the President and Directors
nos tjal CHI. JuMONyILLE, Cashier. :.