New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-10
CORPORATIONS.
A k
STATE OF LOUISIANA, PARISH AND CITY OF
NEW ORLEANS
CHARTER.

NEW ORLEANS.
Be ii known, that on this twenty-seventh day OF
March, in the year of 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 i'll 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 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 ii. C. Dibble no.
tary in this city, on 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 was convened at
Its office IN this city on the twenty day Of
March, instant, for the purpose of making certain
changes in the charter of said company, and of
advising of the practicability of accepting on be
half OF said company, the powers and privileges
conferred on it by act No. 30 of the Legis Stature
of this state, at its session of this year entitled
AN 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, or their duly authorized attorneys repre-
sentng fifteen Hundred and forty two shares tmore
thar three -fourths of the fetal number of shares)
OF the stock OF said company, unanimously decided
aad 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
be amended and changed as to hereafter read
and be as follows, viz:
The capital stock of the company is hereby fixed
al 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 NAV
reafter accrue to said company under and by
canal originally contemplated by or conducted
under the provisions of the charter of said comua-
n.y. passed before said Notary Dibble, aforesaid,
and of act of the Legislature of this state OF
the session of eighteen hundred and sixty nine
being No lis, and entitled IAN act to provide State
aid in the construct 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
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.
30 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 privi-
leges and advantages conferred or intended to be
conferred on 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 accrue in carrying ont the pro-
Visions of said law, and shall in manner be
liable for any of the faults contracts of said
company in the maintenance and management of
its aforesaid canal from the Mississippi river to
Lake B0rgne, nor of any of the liabilities
strictions imposed on said company by its charter
as passed before said Notary Dbble.
Each and every share of said canal stock (of par
value OF one Thousand dollars) shall have and re-
eelve ten shares of said drainage stock, and the
Board of Directors shall prescribe 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 in 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 it by said
act to provide for the drainage of New Orleans"
and that section three of this charter, as passed
before said Notary Dbble, is and has been changed
or amended to-read and be as hereinbetore
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
ana George Cenas, witnesses both of this city, who
hereunto sign their with the parties and me,
the sald otary, the day and&date aforesaid.
orglnst signed J. o. MOVES,
C. BUSSEY,
LAFAYBTTEF 0LGBR.
P. A. CoNAxD,
GE0R6k tHNAs.