New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-19
CORPORATIONS,
Louisiana Levee Company.
STATE OF LOUISIANA.
PARISH OF ORLEANS-CITY OF NEW ORLEANS

| - Be it known that this day, before me, Pierre
Cnarles Cuvellier notary public duly commits
stoned and sworn in and for the parish Of Orleans
and city Of New Orleans, State of Louisiana afOre
sald, and i'll the presence of the witnesses herein
| after named and undersigned personally came and
! appeared the persons whose lanes are hereuntG
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 nOtarial 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. f0Os 247 DAB and 249 and
further recognized and approved by an act Of the
General Assembly of this State. approved February
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,
general meeting of the stockholders the said
pany was convened aud held at the dOmcile there
OF, on Tuesday, the twelfth day of December 1871
and certain notifications, additions and changes
in the original articles of said charter 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 said 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 as may hereafter be granted
to or 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
levees on the banks of the river Mississippi or its
tributaries or outlets and further, to consolidate
States, or by the United States for the like
purpose s."
ARTICLE ".
That the following oe substituted instead of said
article, which will now read:
ART. T. 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
qured to increase the capital stock to one million
five hundred thousand dollars, by issuing one
hundred thousand shares of preferred stock, of
hffeen dollars per share, PAYABLE only in the
following manner TO WI len dollars per share
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 board may deter.
mne provided, further, that the right of sub
scribers to the preferred stock to pay ten dollars
per share in certificates of ordinary stock shall
cease at the expiration of six months 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
mo 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
five million dollars"
ARTICLE V.
That said article be amended by adding thereto
the following clause:
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
tiOn," so that it will hereafter read as follows:
ART 8. At a 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 OF 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
held by them respectively, and to cast the same in
nv
f0'0O'- ARTICLE XII
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 II. The liquidation of the affairs of
the company shall be made by thee commits
siOners, elected by the stOc hhOlders 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
hereto and constituting together the requ site
jority, do hereby declare and acknowledge the
changes to 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 recOrdin. and
publication thereof according to law.
Thus done and passed at the city of New Orleans
aforesaid in the presence of Martin L. Answorth and
Benjamin Dry competent witnesses, VINO hereuntO
sign their names, tOge her with the said appearers
and me the said notary this twenty first day of the
month of December, in the year one THOUSAND
eight hundred and seventy one.
IOriginal signed by stockholders representing
eighty three thousand two hundred and titty-six
1873 1850 shares of the capital stock.
NJ. L. AINswORTa
BENJAMIN DRY.
P.CHS. CCyELLIER 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 day recorded in this office. ac-
cording to law, in Book Society 8, folios $50, 59l
and 592
New Orleans, Dece mber 23 1871.
C. DARCANTEL, Deputy.
certify the foregoing to be a true copy of the
original act and certificate OF record in my notaral
register.
P. CHS. CUyELLIER, Notary Public.