New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-21
CORPORATIONS.
4 MENDMENT OF CHARTER.
Louisiana Levee Company.
PARISH OF ORLEANS-CITY OF NEW ORLEAN

PARISH OF ORLEANS-CITY OF NEW ORLEANS,
Be it known that this day, before me, Pierre
Charles Cuveuier, notary public duly commits
sioned and sworn in and for the parish Of Orleans
and city Of New Orleans, State Of Louisiana afOre-
sad 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 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. olios M 249 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 0r act Of Incorporation, a
general meeting of the stockholders OF the said COM
pany was convened and held at the dOmicile there
Of on TUESDAY, the twelfth day Uf 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 paragraph four of said article second by the
addition of the words Tor by the United States be
made to read as follows:
~. To accept and exercise 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
leveeS MlSSl66DD1,
tributaries or outlets. and further to consolidate
with any company chartered in any of the said
States by the United States for the or like
purposes"
That the following be substituted instead of said
article, which will now read:
"ART. 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 re-
quired to increase the capital stock to one million
five hundred Thousand dollars. by issuing one
hundred thousand shares OF preferred stock, of
fifteen dollars per share payable only in the
in the existing stock Of the company, to be desig
mated thereafter rs 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
mine; provided, further, that the right of sub
scribers to the preferred stock to pay ten dollars
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.
dna mar stock shall participate therein.
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
That said article be amended by adding thereto
"No person shall hold the Office of Director who
is not resident of this State and the 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. 9. At general meeting convened for that
the of general elections, shall DO given
for at least twenty days the stockholders may
make any notifications additions 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
f ARTICLE XII
That the said article be amended by substituting
the word three" for the word five" therein, 50
that the first lines thereof Will hereafter read
follows
the company shall be made BY three commits.
sioners, 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 site
jority, do hereby declare and acknowledge the
above specified additions, notifications and
changes 10 have been duly adopted; that the
part of the charter OF the said company and
binding upon all the stock holders thereof, and
such as may hereafter become stockholders therein
and they do hereby authorize the recording aud
publication thereof according to law.
Thus done AMI passed at the city OF New Orleans
aforesaid in the presence of Martin L. Aims worth and
Benjamin Dry, competent witnesses VINO hereuntO
sign tneir names t0ge her with the said appearers
and the said notary, this twenty first day Of the
month of December i'll the year one Thousand
eight hundred and seventy one.
lOrginal signed by stockholders representing
eight three thousand two hundred and itty-sx
t83256) shares of the capital stock.
NJ. l.. AINswoKTH
BENJAMIN DRY.
P CHS. CCvELLIER Notary Public
l. 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,
and 592
New Orleans Decembe % 1871.
G. DARCANTEL, Deputy.
certify the foregoing to be true copy of the
original act and certificate record notayial
register.
p CHS. CCyELLIER, Notary Public.
de2o ia6 10 POP,