New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-23
CORPORATIONS.
NIENDMENT OF CHARTER.
Louisiana Leveo Company.
STATE OF LOUISIANA.
PARISH OF ORLEANS-CITY OF NEW ORLEAN


Be it known that this day, before me: Pierre
Charles Cuveisr notary PuD na, sS Of Orleans
and city of New Orleans State OF LouisanS aloi i
said, and in the presence of the witnesses herein;
after named and undersigned, personally came ana
appeared the persons whose names are hereu ,IS
subscribed and set forth, who severally deciaIeu
that they and those whom ths ysa se HHnmnsny
corporation organized under the general laws OF
this State by notarial acts passed before me, !he
ruary in the year 1871 and recorded the same DAY
in the office of mortgages in the PaIlsn OF orleans
in book of societies No. olos 247 z48 ana l4s anu
further recognized and approved by an act OF Inc
General Assembly of this state. approved February
20. 1871. being act No. IN Inc volume Oh 'he ac'S
of the session of 1871. -
That in conformity to the ninth article of the
aforementioned charter or act of incorporation,
general meeting of the o. the sal4 com
Of on Tuesday, the twelfth day Ut December, 1871,
and certain notifications. additions and changes
posed and assented to by majority of all the cap
ital stock of said corporation; the same being as
follows to wit:
That paragraph four of said article second, by the
addition of the words "Or by the United States be
made to read as follows:
ileges and franchises as may hereafter be granted
to or conferred upon the said company by the gov
eminent Of the United States or OF any Of States
interested in the construction and maintenance of
levees the banks of the river Mississippi or its
tributaries or outlets. and further, to consolidate
with any company chartered in any OF the SAID
purposes" ,n
That the following be substituted instead Of said
article, which will now read:
"ARr. 4. The capital stock of the company shall
he one million dollars. represented by one hundred
Thousand shares of ten dollars each; provided, how
ever that the Directors are authorized and re-
quired to increase the capital stock to one million
five hundred thousand dollars BY issuing one
raA t1o,,sa and CHI nrQfhrrn0 stock.
following manner, to witt Ten dollars per share
mated Thereafter as ordinary stock the Balance
five dollars to be paid in lawful currency at such
time and in such manner as the BOARD may 9ete L
scribers to the preferred stock to pay ten dollars
per share in certificates of ordinary stock shall
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
stocks to the stockhoiders and the capital stock
of the company shall never be increased beyond
five million dollars pr,c,pv
That said article be amended by adding thereto
the following clause:
'No person shall hold the office of Director who
ia 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 cor dissolve this corpora
tion," so that it will hereafter read as follows: ,
ART, 8. At q 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 one vote for each share
held by them respectively and to cast the same In
person or 0y pr01sAR ARTICLE XII
That the said article be amended by substituting
the word three" for the word tive" therein, sO
that the first lines thereof Will hereafter read az
ARTICLE II. The liquidation OF the affairs Of
the company shall be made y .niee commits inns
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 ma
| jority do hereby declare and acknowledge the
| above specified additions, notifications and
auy tS tna aae
binding upon all the stockholders Thereon, ano
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. Alnsw0rth anC
BENJAMIN Dry, competent witnesses, VINO hereuntt
sign their Names tOge her with the said appearerf
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 fifty sll
| 1913 256) shares of the capital stock
| N. l.. AINswORrH
| BENJAMIN DRY.
| P CHS CUyELLIER Notary Public.
| l. the undersigned Recorder of Mortgages in ant
| 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, &C
| cording to law in Book Society 8, folos SD, SO
, and 592
| New Orleans Dece mber 49, 1871.
| C. DARCANTEL, Deputy.
| certify the foregoing to be true copy OF TN
original act and certificate Of record in my notara
| register.
| de29 jas 13 2O27