New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-16
CORPORATIONS.
A MENDMENT OF CHARTER.
Louisiana Levee Company.
STATE OF LOUISIANA.
PARISH OF oRLEANs-CITY OF NEW ORLEANS.

PARISH OF ORLEANS-CITY OF NEW ORLEANS
Be it known that this day, before me, Pierre
Charles Cuvellier q Notary public duly commls-
stoned and sworn in and for the parish OF orleans
said and in the presence of the witnesses herein
after named and undersigned, personally came anu
appeared the persons whose names are here ,
subscribed and set forth, who severally declared
that they and those whom they represent are
stoc kholders of the Louisiana Levee Company, a
this state, bv notaral 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 NOR, cages in the parish of Orleans
in book of societies No. g. foiOs 247 248 and 24S and
further recognized and approved by an act of the
General Assembly of this state. approved February
TO- 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,
general meeting of the stockholders Of the said CON-
pany was convened and held at the domicie 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.
ital stock Of said corporation; 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
~. To accept and exer else all such powers, priv
ileges and franchises as may hereafter be granted
to conferred upon the said company by the gov
eminent OF the United States of any of the States
interested in The construction and maintenance of
tributaries 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
purposes"
That the following he substituted instead of said
article, which will now read:
"AKT. 4 The capital stock Of the company shall
he million dollars. Represented by one hundred
Thousand shares Of ten dollars each; provided, now
ever that the Directors are authorized and re-
Quired to increase the capital stock to one million
five hundred thousand dollars. by issuing one
hundred thousand shares of preferred stock, of
tasnipS anner to w.t. Ten dollars per share
in the existing stock Of the company, to be desig
mated thereafter as ordinary stock the b lance
five dollars to be paid in lawful currency at such
time and in such manner as the hoard may deter
mine; provided, further, that the right of sub
per share in certificates of ordinary stock shall
cease at the expiration of six mouths from the
date of the adoption OF this article Said preferred
stock shall be entitled, out OF the earnings OF the
company, to dividends to the extent Of twenty per
cent per annum OF said earnings before the or
binary stock shall participate therein.
No increase of the capital stock Ut 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
'''' '''''''''' >'0 ARTICLE "
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
ton" so that it will hereafter read as follows:
ART. 9. At a general meeting convened for that
purpose, aud of which notice Dy 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 one vote for each share
hold hvf herur tSn
person or by proxy
That the said article be amended by substituting
the word three for the word five therein, so
that the first lines thereof will hereafter read as
follows:
Article IL. The liquidation of the affairs of
the company shall be made by thee commits
soners, elected by the stockholders ut the time
designated for the last general election OF direc-
tors, etc.
Wherefore the said app-arers each representing
the number of shares OF the capital stock OF said
company set opposite their respective signatures
hereto, and constituting together the requisite ma
IOrty. do hereby declare and acknowledge the
above specified additions, notifications and
changes 10 have been duly adopted that the same
are part of the charter of the said company and
binding upon all the stockholders thereof, and
such as may hereafter become stockholders therein:
and they do hereby authorize the recording and
publication thereof according to law.
Thus done and passed at the city of New Orleans
aforesaid in the presence of Martin L. Ainsworth and
Benjamin Dry, competent witnesses, VINO hereunto
sign their names tOge' her with the said appearers
and me the said notary this twenty-hr day OF the
month OF December, in the year one thousaLd
eight hundred and seventy one.
IOriginal signed bv stockholders representing
eighty-tlree thousand two hundred and fifty 81 K
(93 1850 shares of the capital stock.
NJ. l.. AINswORTH
BENJAMIN OKY.
P. CHS. CUvELLfER Notary Public.
I, the undersigned, Recorder OF Mortgages in and
for the city and parish OF Orleans, State of Lou
isiana do hereby certify that the foregoing amend
| ment to charter of Louisiana Levee Company
| has been this da7 recorded in this office, &C.
cordn. to law in Book Society 8, folios $50, 81
and 592.
New Orleans December %. 1871.
C. DARCANTEL, Deputy.
certify the foregoing TO be true copy of the
original act and certificate eff record IN my notarla
Register
P. CHS. CUVELIIER, Notary Public.
de2o iaE Il % q