New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-01-01

NOTICE TfTHE STOCKHOLDERS
or THE
New OrieanssanaI and Banking Company.

New Orieansfanal and Banking
The stockbot,rs of the New Orleans Canal and
Banking Comp y are hereby notified that, in pur-
suance OF a req ution of the Board of Directors,
adopted Noyens.r 2, 1870, q meeting of the stock
holders of the SD corporation will be held at the
office Of the sd CORPORATION, at the So1ner Of
the city of New rleans, in the State of Louisiana,
on the twenty xth Of December, 1910. between
nine O'Clock All and three o'clock 2. NJ, and be
adjourned from ny to day, and resumed and con
dnued every da successfully, sundays and holi-
days excepted, btween the same hours, until the
first day of July 1871, inclusive, to take into con-
sideration and dgide:
provisions of an 4 ofthe Legislature of Louisiana,
approved March I, 1870, entitled IAN act extend
ing the charterpf the New Orleans Canal and
Banking Cnmpag, and the duration thereof for
twenty-five year, and authorizing the reduction
of it's. capital st, x to QUE million of dolars;' and
2; Whether or Il the said capital stock shall be
reduced to one FtlOn of dollars.
The act above sferred to is in the following
words and hgur VIZ:
AN C EXTEND the charter of the New Orleans
Canal and b king Company, and the duration
thOreoI for e. nty-1ve years, and authorizing
the reductioGDf it's capital stock to one million
of dollars.
SECTION l. Be isnacted by the Senate and House
Of representative of the State of Louisiana in gen.
eral assembly Convened, That the charter of the
New Orleans CgHl and Banking Company, as en-
acted by the act Etitled "An act to incorporate the
subscribers to tn New Orleans Canal and Banking
Company, and 70 lther purposes" approved March
5. 1881, be and thfame hereby is extended for the
term of twentyt years, from the thhty-irst Of
December, in the .ar one thousand eight hundred
and seventy, and hat the fourth section of said
act shall be, and ? same Is hereby so amended as
to read as fOllowsS
That the subscI ers to the said company, their
successors and rs ms, shall be and are hereby cre-
ated a corporatiG by the name and style of the
New Orleans Ca and Banking Company, and
shall so continue ntl the thirty-hrst day Of De.
cember, in the yt one thousand eight hundred
and ninety-iye, an by that name shall be able to
contract, buy, receive and possess all kinds of
property, immovsle and movable, and to loan,
uaUnfiafa aaI UTuf and dispnaa Of fine 9nmR m
sue and be sued 20 havea common seal, and to
establish such by VS. as may be convenient, not
being contrary to lis act nOr.to the constitution or
laws of the Unite ltates or of this State.
SIC. 2. Be 1t fui ger enacted, etc, That il shall
be lawful for the Nv Orleans Canal and Banking
Company, by resolution Of it's Board OF Directors,
to reduce the capiul stock of said company to Que
million of dollars, divided that such reduction be
recommended to he Board at the meeting of
stockholders to b allied according to law, or by
any special meetH lcalled for tire purpose Of con-
sidering the expes ncy of such reduction
SIC. 3. Be 1t ftpoer enacted, etc. Tint nothing
In this act cOntajn shall be held or construed, to
extend or grant the said Canal and Banking
Company any otht than it's banking privileges, as
contained in the diginal charter and its amend
ments, and it's righi under existing laws TO charge
eight per cent peiannum interest or discount on
its loans or discount.
SIC. 4. Be it furter enacted, etc, That the cap.
ital stock of said NV Orleans Canal and Banking
Company shall be liDle and subject to taxation at
the same rate as otbr personal property under the
Laws OF this State.
(SignedS MORTIMER CARR,
Speaker the House of Representatives.
(Signedl J. DUNN,
t-GoverLN and President of the Senate.
Approved March6, 1870.
(5ignedl H. CSwARMoTH,
GotrnOr of the State Of Louisiana.
A true copy:
GBoaaE E. g,vgE, Secretary Of State.
By order OF the P,5ident and Directors;
NOS jal CHI. JUM0NVILLB, Cashier.0