New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1870-12-23
NOTTCE TO THE STOCKHOLDERS
orleans Canal and Banking Company.


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 meeting of the stock.
holders OF the said corporation will be helPa0 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 the State Of Louisiana,
on the twenty-sixth of December 1870, between
nine O'clock A. N. and three O'Clock P. NJ, and be
tinued every day successfully, Sundays and holi-
days excepted, between the same hours, until the
first day Of July, 1871, inclusive, to take into con-
sideratiOn and decide:
/. Whether or not they accept the benefits and
provisions of act of the Legislature of Louisiana,
approved March It, 1870, entitled IAN act extend
ing the charter of the New Orleans Canal and
Banking Cnmpany, and the duration thereof for
twenty-five years. and authorizing the reduction
of its capital stock to millisn 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
thoreot for twenty-five years. and authorizing
the reduction of its capital stock to one million
OF dollars.
Sxcr1oN l. 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
acted by the act entitled IAN act to incorporate the
subscribers to the New Orleans Canal and Banking
Company, and for other purposes" approved March
s. 1851 be and the same hereby is extended for the
term of twentyiv 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:
That the subscribers to the said company, their
cessors and assigns, shall be and are hereby Gre
ated 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 ninet five, 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 nor to the constitution or
laws OF the United States or of this State.
Sac. q 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 said company to
million Of dollars provided that such reduction 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-
sidering the expediency of such reduction.
SEC. s. Be it further enacted, ETC.. That nothing
in this act contained shall be held or construed to
extend or grant to the said Canal and Banking
Company any other than its banking privileges, as
contained in the original charter and its amend
ments, and its rights under existing laws to charge
its loans or discounts
SEC. L. 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.
Speaker of the House Of RegHTe esN
Lieutenant; Governor and President Of the Senate
ftssisnedl H. C. wARMOTH,
Governor of the State of louisiana
GKoksn E. BovEK Secretary Of State.
By order OF the President and Directors:
nos tjal CHI. JUMONvILLE Cashier.