New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-05
CHARTER.
QUARTER.
STATE OF LOUISIANA, PARISH AND CITY OF
NEW ORLEANS.

Be it known, that on this twenty seveHth DAY Of
March, in the year OF our Lord one Thousand
eight hundred and seventy-one, and of the indie
pendence of the United States of America the
nnet y-tifth, before me, Andrew Hero, Jr. notary
public in and for the parish and city of New Or.
leans, State of Louisiana duly commissioned and
qualified and in the presence of the witnesses
hereinafter named and undersigned, personally
of this city, whose names are hereto subscribed
stockholders duly authorized representatives of
the stockholders of .The Mississippi and Mexican
Gulf Ship Canal Company duly organized cor
porate body of this State, domiciled in this city
created by an act passed before H. C. Dibble no
tary in this city ON the SIX tn day of July eighteen
hundred and sxty-eiglt. who declared that, after
due notices and publications, general meeting of
the stockholders of said company was convened at
its office in this city, the twenty day of
March, instant, for the pun pose of making certain
changes in the charter of said company, and Of
advising of the practicabiity of accepting on be-
half of said company, the powers and privileges
conferred on it by act No. 30 of the Legislature
of this State, at its session of this year entitled
IAN act to provide for the drainage of New Or.
leans" which became a law by constitutional
limitation and that at said general meeting, stock
holders, their duly authorized attorneys, repre-
senting fifteen hundred and forty two shares (more
than three fourths of the fetal number of sharesl
of the stock of said company, unanimously decided
and agreed that the said Mississippi and Mexican
Gulf Ship Canal Company should accept the
powers and privileges conferred on it by the afore
said act of the Legislature of this State entitled
IAN act TO provide for the drainage Of New Or
leans" and that article three of the charter should
be amended and changed SO as to hereafter read
and be as follows viz:
The capital stock of the company is hereby fixed
at four millions of dollars, to be represented BY
two Thousand shares of one thousand dollars each
and twenty Thousand shares of one hundred dol
lars each; whereof the present stock of two thou
sand shares of one thousand dollars EACH amount.
ing to two millions of dollars, shall be styled
designated canal stock" and be entitled to and
alone have and enjoy al the privileges, franchises
rights and advantages that have accrued or may
hereafter accrue to said company under and By
virtue OF the maintenance and management of the
canal originally contemplated by conducted
under the prOv isiOnS of the charter of said cOmpa
ny, passed before said Notary Dibble, aforesaid
and of an act of the Legislature of this state Of
the session of eighteen hundred and sixty-nine
being No ll6, and entitled IAN act to provid State
aid In the construc ton of the Mississippi and Mex
lean Gulf Ship Canal, and for the issue of State
bonds therefor" which said canal stock shall be
manner liable for the contracts or faults of said
company under the maintenance and management
OF said drainage canals or the liabilities and obi
cations imposed on said company by said act Ne.
80 of the Legislature of this State of the session
OF eighteen hundred and seventy-one, entitled IAN
act to provide for the drainage of New Orleans
And the remaining twenty thdusand shares Of
one hundred dollars each, hereby added to the
designated ''di ainage stock be alone entitled to
have and enjoy all the franchises, rights priv
leges and advantages conferred or intended TO be
conferred on said company by the aforesaid act No
80 of the Legislature of this State entitled San act
to provide for the drainage of New Orleans
that may hereafter accrue in carrying out the pro-
visions of said law, and shall in no manner be
liable for any of the faults or contracts Of said
company in the maintenance and management OF
its aforesaid canal from the Mississippi river to
Lake BOrgne, nor of any of the liabilities
strictions imposed on said company by its charter
as passed before said Notary Dibble.
Each and every share of said canal stock (of par
value of one Thousand dollarsl shall have and re-
ceive ten shares of said drainage stock and the
Board of Directors shall prescribe or enact and
adopt such by laws rules and regulations for the
future management and regulation of the affairs OF
said company as may be requisite to provide for
such difference i'll stock the division of the rev
enues OF saio company arising from said ship or
drainage canals to the particular kinds of stocks
entitled to the same hereunder and TO completely
carry out the provisions of this section as hereby
amended.
Now, therefore, said appearers hereby formally de
clare and make known that said Mississippi and
Mexican Gulf Ship Canal Company has accepted
the powers and privileges conferred on i by sad
act OF the Legislature of this State entitled an
act to provide for the drainage of New Orleans,
and that section three of this charter, as passed
before said Notary Dibble, is and has been changed
or amended so as to read and be as heTeinbef0re
specified, and to these ends they hereby authorize
and require the Recorder of Mortgages in and for
this city and parish to enter and record the afore
said amendment on the books of his office.
Thus done and passed in my office, at New w
leans aforesaid, in the presence of Paul A. Conand
and George Cenas, witnesses both of this city, VINO
hereunto sign their names with the parties and me-
original signed: J. .. MOVES,
g. BUSSEY,
GAFAYETTg FoLGBR,
And others
P. A. C0NAND.
GEoRGB CgNAs.
ANDREW HERO JR..
Notary Public.
hereby certify that the above and foregoing iss
true and correct copy of the original act which
has been duly recorded in the mortgage office Oh
this parish, IN society book eight folio 304, and ID
ANDREW HERO, JR,
Notary Public
New Orleans, March 81, 1911.
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