New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-27
CORPORATIONS.
A MENDMENT OF CHARTER.
Louisiana Levee Company.
STATE OF LOUISIANA.
- ovcyy M opr r,yrrv NUyu npT

Be it known that this day, before me, Pierre
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
appeared the persons whose names are hereuntO
subscribed and set forth, who severally declared
that they and those whom they represent are
stockholders of the Louisiana Levee Company
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 cages in the parish of Orleans,
in book of societies Ne 8, fOOs "a! 24S 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
That in conformity to the ninth article of the
aforementioned charter or act of incorporation,
general meeting of the stockholders OF the said COM
pany was convened and held at the domicile there
Of on Tuesday, the twelfth day of 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 VIII; ARTICLE II.
That paragraph four Ofsaid article second. by the
addition of the words "Or 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 on the banks of the river Mississippi, it's
tributaries outlets. and further, to consolidate
with any company chartered in any of the said
States by the United States for the same or like
fN'p ARTICLE w.
That the following be substituted instead of said
article, which will now read:
ART. 4. The capital stock of the company shall
be million dollars. represented by one hundred
thousand shares of ten dollars each provided how
ever, that the Directors are authorized and re-
qGired 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 0n in th
in the existing stock OF the company, to be desig-
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 deter
mine provided, further, that tine 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
W ~ 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 gu,
therefrom the words cor dissolve this corpora
ton" 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
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 il
person or by proxy"
ARTICLE XII
That the said article be amended by substituting
| the word three" for the word five therein, ST
that the first lines thereof will hereafter read as
follows:
article II. The liquidation of the affairs OF
| the company shali be made by three commits
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 saiC
company set opposite their respective signatures
hereto, and constituting together the requisite ma
| Jorty, do hereby declare and acknowiedge ths
| above specified additions notifications and
changes to have been duly adopted; that the same
| a part of the charter of the said company ant
| bindings upon all the stockholders thereof, ant
such as may hereafter become stockholders therein
| and they do hereby authorize the recording ant
publicatoo thereof according to law.
| Thus done and passed at the city OF New Orleans
aforesaid in the presence of Martin L. AinswOrth ant
| Benjamin Dry. competent witnesses, VINO hereunt'
sign their Names tOget her with the SAID appearer
and me the said notary this twentyfrst day Of the
| month of December, in the year one thousand
eight hundred and seventy one.
| IOriginal signed by stockholders representa-!
| eighty-three thousand two hundred and fifty sll
| (S3256) shares of the capital stock
| n. l.. AINswoRTH
BENJAMIN DRY.
P. CHS. CCvELLIER Notary Public.
| l. the undersigned Recorder of Mortgages in ah'
| 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, tolios 5r, %
| and 592
New Orleans Dece mber %. 1871.
| c. DARCANTEL Deputy.
| certify the foregoing to be q true copy of tn
original act and certificate Of record in my notaria
| register.
| de29 lac 10 2O27