New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-12-29
CORPORATIONS.
4 MENDMENT OF CHARTER.
Louisiana Levee Company.
STATE OF LOUISIANA.
STATE OF LOUISIANA.
PARISH OF ORLEANs-CITY OF NEW ORLEANS.

Be it known that this day, before me- Pierre
Charles Cuvellier, notary public duly commits
stoned and sworn, in and for the parish of Orleans
said, and in the presence of the witnesses herein
| after named and undersigned, personally came and
appeared the persona whose names are hereunto
subscribed and set forth, who severally declared
| that they and those whom they represent are
stockholders Of the Louisiana Levee Company a
corporation organized under the general laws of
this State, by notaral acts passed before me, the
above named notary. on the eleventh day of Feb
f,afy' IN the year sal and recorded the same day
in book OF societies No. g. foos 24., si8 and 24s and
further recognized and approved by an act of the
| General Assembly OF this State. approved February
20 l81l, being act No. 4 in the volume of the acts
| Of the session of 1871.
That in conformity to the ninth article Of the
aforementioned charter or act of Incorporation q
general meeting of the stockholders OF the said com
| pany was convened and held at the domice there
of, on Tuesday, the twelfth day of December 1871
| and certain notifications. additions and changes
in the original articles of said charter pro-
| posed and assented to by majority of all the cap
ital stock of said corporation; the being as
| follows, to wit:
| ARTICLE H.
That para graph four Sfsaid article second, by the
addition OF the words 'or by the United States" be
| made to read as follows:
~. To accept and cise all such powers priv
lleges and franchises as may hereafter be granted
TO or conferred upon the said company by the gov
eminent of the United States of any of the States
interested in he construction and maintenance Of
levees on the banks of the river Mississippi or it's
tributaries or outlets. and further to consolidate
Win any company chartered OF the said
States, or by the United States for the like
! PURPOSES
That the following be substituted instead of said
article, wlc! will now read:
ART 4. The capital stock of the cOmpany shall
ne one million dollars, represented by one hundred
thousand shares of ten dollars each; provided how
ever, that the Directors are authorized and re-
CURED to increase the capital stock to one million
five hundred thousand dollars by issuing one
hundred thousand shares of preferred stock OF
HItttn dollars per share payabla only the
following manner to wit: Ten dollars per share
mated thereafter as Ordinary stock; the balance
1--WE dollars to be paid i'll lawful currency at sHch
time and in such manner as the board may deter
mine; provided, further, that the right of sub
scribers to the preferred stock pay ten dollars
per share in certificates of ordinary stock shall
date of the adoption of this article Said preferred
stock snail be entitled out of the earnings Of the
cent per annn1n of said earnings before the or
binary stock shall participate therein
No increase of the capital stock of the company
shall hereafter be made except in dividends OF
stocks to the stockholders, ard the capital stock
OF the company shall never he increased beyond
live million dollars
That said article be amended by adding thereto
the following clause:
mo person shall hold the office of Director who
is not resident of this State, and the owner of at
least one hundred shares OF the stock of the com
pany."
ARTICLE TX.
That said article be amended by striking on
therefrom the words "Or dissolve this corpora
ton" so that it will hereafter read as follows:
ART. g. At general meeting convened for that
purpose and of which notice by publication, as in
the case of general elections shall be given
make any notifications, additions or changes in
these articles. with the of a majority of all
the capital stock of the corporation. On all mat
tiers submitted to the vote of the stockholders
they shall be entitled to one vote for each share
held by them respectively and to cast the same in
person or by proxy
ARTrTsJE
That the said article be amended by substituting
the word three for the word five" therein SO
that the first lines thereof will hereafter read as
Article T. The liquidation of tho affairs of
me company shall be made by th1ee commits
sioners, elected by the stockholders at the time
designated for the last general election of direc.
tors, etc.
Wherefore, the said appearers, each representing
the number of shares OF the capital stock of said
company set opposite their respective signatures
hereto and constituting together the requisite ma
Jorltv 90 hereby declare and acknowledge the
above specified additions notifications and
changes TO have been duly adopted; that the same
are part OF the charter of the said company and
binding upon all the stockholders thereof and
such as may hereafter become stockholders therein;
and they do hereby authorize the recording and
publication thereof according to law.
Thus done and passed at the city of New Orleans
aforesaid in the presence OfMartipL Answorth and
Benjamin Dry competent witnesses VINO berennto
sign tneir names, toet her with the said appearers
and me the said notary this twenty first day of the
month OF December, in the year one thousand
eight hundred and seventy one
IOnsnal signed by stockholders representing
eghtvt three thousand two hundred and tiftysiS
3,256) shares of the capital stock
NJ. l.. AlNswoRrH
BENJAMIN DRY.
7. CHS. CUNELLIER Notary Public
l. The undersigned. Recorder Of MOrtgaoee in and
ior the city and parish OF Orleans, State of Lou.
slafa do hereby certify that the foregoing amend.
ment to charter of Louisiana Levee Company
has been this day pecor,led in this Office az.
cordinS to law, i'll Book Society 8, folios $50 SCI
md 592 49,
New Orleans, December %. 1871.
G. DARCANTEL, Deputy.
certify the foregoing to ne true copy of the
original act ard certificate Of record in notariai
register.
P. CHS CUvELLIER, Notary Public.
de29 ja6 l3 20 y