New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-17
CORPORATIONS.
QUARTER
CHARTER,
A
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 our Lord one Thousand
eight hundred and seventy-one and of the indie
pendence of the United States of America the
ninety fifth, 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 i'll 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 duly authorized representatives of
the Stockholders of 'The Mississippi and Mexican
Gulf Ship Canal Company" a duly organized cor
p0rate body of this State, domicied in this city,
created by an act passed before H. c. Dibble, a no.
tary in this city the sixth day OF July eighteen
hundred 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 twentyseventh day of
March, instant, for the purpose of making certain
changes in the charter of said company, and of
advising of the prac ticability of accepting 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
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 shares more
than three-fourths of the fetal 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 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
b. 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 and
designated as canal stock" and be entitled to and
alone have and enjoy all the privileges franchises,
rights and advantages that have accrued or may
hrrea after accrue to said company under and by
virtue of the maintenance and management of the
canal originally contemplated by conducted
nv passed before said Notary Dbble, as aforesaid,
and OF act of the Legislature of this state, of
the session of eighteen hundred and sixty-n
being No ll6, and entitled Ian act TO provide 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 in
no manner liable for the contracts 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 seventy-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 stock" be alone entitled to
have and enjoy all the franchises, rights, priyi-
leges and advantages conferred or intended to be
conferred said company by the aforesaid act No.
30, Of the Legislature of this State entitled IAN act
to provide for the drainage of New Orleans" or
that may hereafter in carrying out the pro-
visions of said law, and shall i'll manner be
liable for any of the faults contracts of said
company in the maintenance and management OF
it's aforesaid canal from the Mississippi river to
Lake Borgne, nor of any of the liabilities or re-
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 dallars) shall have and re-
ceive ten shares of said drainage stock, and the
Board OF Directors shall prescribe enact and
adopt such bylaws, 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
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 1t by said
act of the Legislature of this State entitled IAN
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 here1nbetore
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 aore
aid 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 tins CITY VINO
hereunto sign their names with the parties ana me-
the said otary, the day andsdate aforesaid
Original signed: :. q. NOiho,
C. BUSSEY,
LAFAYETTE FOLGER,
And Others
P. A. CoNAND
GEORGE CBSAs.