New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-13
CORPORATIONS.
A mESDMENT OF CHARTER.
Louisiana Levee Company.
STATE OF LOUISIANA.

PARISH OF ORLEANS-CITY OF NEW ORLEANS
Be it known that this day, before me- Pierre
Charles Cuvelier notary public duly commits
stoned and sworn, in and for the parish Of Orleans
and city of New Orleans, State of Louisiana afOre
said and in the presence of the witnesses herein
after named and undersigned, personally came and
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 notaria acts passed before me- the
above named notary on the eleventh day of Feb
ruary, in the year 1871, and recorded the same day
in the office of mort cages, in the parish of Orleans
in book OF societies No g. folios 24 248 and 49 and
further recosnized and approved by an act Of the
20. 1871, being act No. 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, a
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 were pro-
posed and assented to by majority of all the cap
ltal stock OF said corporatlOn the same being as
follows, to wit:
That para graph four ofsaid article second by the
addition of the words 'or by the United States" be
made to read as follows
II. To accept and exercise all such powers, priv.
ileges and franchises may hereafter be granted
to or conferred upon the said company by the gov
eminent of the United States of of the States
interested in The construction and maintenance of
levees the banks of the river Mississippi, it's
tributaries or outlets, and further, to consolidate
with any company chartered in any of the said
States or by the United States, for the same or like
purpose s."
That the following be substituted instead of said
article, which will now read
"ART. l. The capital stock of the company shall
be one million dollars represented by one hundred
thousand shares of ten dollars each; provided, how
ever that the Directors are authorized and
CURED to increase the capital stock to one million
five hundred thousand dollars, by issuing
hundred thousand shares of preferred stock, of
following manner. to wit Ten dollars per share
in the existing stock of the company, to be desig
mated thereafter ordinary stock the balance,
five dollars, to be paid in lawful currency at such
time and in such manner as the board may deter
mine; provided, further, that the right of sub
scribers to the preferred stock to pay ten dollars
per share i'll certificates of ordinary stock shall
cease at the expiration of. six months from the
stock shall be entitled, out of the earnings of the
company, to dividends to the extent Of twenty per
cent per annuIn 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, and the capital stock
Of the company shall never be increased beyond
ARTICLE v.
That said article be amended by adding thereto
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."
That said article be amended by striking out
therefrOm the words "or dissolve this corpora
tom 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
for at least twenty days the stockholders may
make any notifications, additions or changes in
these articles, with the assent of 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 vote for each share
held by them respectively, and to cast the same in
f~'0' V ARTICLE XII.
That the said article be amended BY substituting
the wsrd three for the word five" therein, so
that the hrSt lines thereof will hereafter read
follows:
Article r. The liquidation of the affairs of
sOners, 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 maS
JorIty, do 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 stock holders thereof, and
such as may hereafter become stockholders therein:
al d they do hereby authorize the recording and
publication thereof according to law.
Thus done and passed at the city of New Orleans
aforesaid i'll the aseuce of Martin l.. Ainsworth and
Benjamin Dry, competent witnesses, VINO hereunto
sign their names toge her with the said appearers
and the said notary, this twenty first day OF the
month of December, in the year one THOUSAND
eight hundred and seventy one.
Original signed by Stockholders representing
eighty-three thousand two hundred anu nity-sX
(s3, 256) shares OF the capital Stock
Nj. L. AINswoRTH
BENJAMIN DRY.
P CHS CUvELLIER Notary Public.
l. the undersigned Recorder OF Mortgages in and
for the city and parish OF Orleans, State of Lou.
isana do hereby certify that the foregoing amend
ment to charter of Louisiana Levee Company"
has been this day recorded in this office, ac-
cordins to law. in Book Society 3, foios $50, 5sl
and 55l.
New Orleans, Dece mber %. 1871.
C. DARCANTEL Deputy.
Icertify the foregoing to be true COPY Of the
original act and certificate Of record in my notaria
register. =. .
de29 jas IL 2027