New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-03
CORPORATIONS,
STATE OF LOUISIANA, PARISH AND CITY OF
NEW ORLEANS

STATE OF LOUISIANA, PARISH AND CITY OF
NEW ORLEANS.
Be it known that on this twenty seventh day of
March, in the year OF Lord thousand
eight hundred and seventy-one, and of the indie
pendence of the United States of America the
ninety -ffth before me, Andrew Hero Jr., a 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
came and appeared the several persons residents
of this city, whose names are hereto subscribed,
stockholders or duly authorized representatives of
the stockhelder of The Mississippi and Me xican
Gulf Ship Canal Company" duly organized cor
porate body of this State, dOmciled in this city,
created by an act passed before H. C. Dibble, no.
tary in this city, on the sixth day of July eighteen
hu ldred and siXty-eight. who declared that after
due notices and publications, general meeting of
the stockholders of said company convened at
Its office In this city, on 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 practicabity of accepting on be.
half of said company, the powers and privileges
conferred on it by act No. 80 of the Legislature
OF this State, at its session of this year entitled
AN act TO provide for the drainage of New Or
leans which became law by constitutional
limitation and that at said general meeting stock
holders, or their duly authorized attorneys, repre-
sentlng fifteen hundred and forty shares lmore
than three-fOurths of the total number of shares)
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 it by the afore
said act of the Legislature of this State entitled
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 ana
designated as canal stock" and be entitle to and
alone have and enjoy al the privileges, franchises
rights and advantages that have accrued may
hereafter accrue to said company under and by
virtue OF the maintenance and management of the
canal originally contemplated by or conducted
under the provisions of the charter of said cOmpa-
ny, passed before said Notary Dibble aforesaid
and OF an act of the Legislature of this tate of
the session of eighteen hundred and sixty
being No ll6, and entitled IAN act to provide State
aid III the construction of the Mississippi and Mex.
lean Gulf Ship Canal, and for the issue of State
bonds therefor" which said canal stock shall be in
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 No.
80, of the Legislature of this State, of the session
of eighteen hundred and seyenty-one, entitled IAN
act to provide for the drainage of New Orleans"
And the remaining twenty thousand shares of
one hundred dollars EACH hereby added to the
original stock of said company shall be STYLED and
designated drainage stoc X" be alone entitled to
have and enjoy all the franchises, rights, prv
leges and advantages conferred or intended to be
conferred on said company by the aforesaid act No.
O,of the Legislature of this State entitled IAN act
to provide for the drainage of New Orleans" or
that may hereafter accrue in carrying out the pro-
visions OF SAID law, and shall in manner be
liable for any of the faults contracts of said
company in the III maintenance and management of
its aforesaid canal from the Mississippi river to
Lake Borgne, nor of any of the liabilities or re-
strlctlOns imposed on said company by it's charter
as passed before said Notary Dibble
Each and every share OF said canal stock (of par
value of one Thousand dollars) 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 aud regulation of the affairs of
said company as may be requisite to provide for
SnCh difference in stock; the division of the rev
enues of sai0 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 it by said
act of the Legislature of this State entitled IAN
act to provide for the drainage of New Orleans"
aud that section three of this charter as passed
before said Notary Dbble, is and has been changed
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 Or
leans aforesaid, in the presence of Paul A. Conand
and George Cenas, Witnesses both of this city, who
hereunto sign their names with the parties and me,
the said notary, the day and date aforesaid
original signed J. o. MOVES,
G. BUSSEY,
LAFAYETTE FOLGER,
=. A. CoNASo
NEoR6B c8Sas,
ANDREW HERO JR,
Notary Public.
certify fha aIo av,d i.