New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-14
CORPORATIONS.
4 MENDMENT OF CHARTER.
Louisiana Levee Company.
STATE OF LOUISIANA.
PARISH OF oRLEANs-CITY OF NEW ORLEANS.

PARISH OF ORLEANS-C1TI OF NEW ORLEANS.
Be it known that this day, before me, Pierre
Charles Cuvellier, notary public duly commits
sioned and sworn in and for the parish of Orleans
said, and i'll 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, q
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 No. g. OOs PAT 248 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 a
general meeting of the stockholders OF the said
pany was convened and held at the donlicile there
Of on Tuesday, the twelfth day of December, 1871,
and certain notifications, additions and changes
in the original articles of said charter We're pro-
posed and assented to by majority of all the cap
ltal stock of SAID corporation; the same being as
follows, to wit:
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
ieges and franchises may hereafter be granted
to conferred upon the said company by the gov
eminent of the United States any of the States
interested in he construction and maintenance OF
evees on the banks of the river Mississippi, its
tributaries outlets, and further, to consolidate
with any company chartered in any of the said
States, by the United States, for the same like
PURPOSES"
That the following be substituted instead of said
article which will now read
ART 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 authorized and re-
quired to increase the capital stock to million
five hundred thousand dollars, by issuing one
hundred thousand shares of preferred stock, of
fifteen dollars per share, payable only in the
following manner, to wit: Ten dollars per share
in the existing stock OF the company, to be desg
mated thereafter ordinary stock the balance
five dollars, to be paid in lawful currency at such
time and i'll such manner the board may deter
mine; 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
company, to dividends to the extent of twenty per
cent per annum of said earnings before the
binary stock shall participate therein.
No increase of the capital stock of the company
shall hereafter he made except in dividends OF
of lhe company shall never be increased beyond
ARTICLE V.
That said article he 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. -
ARTICLE TX.
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, and of which notice by publication, as in
the 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 tn the vote of the stockholders
they shall be entitled to one vote FOR each share
hx-fl m
'''''' 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: - :.
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 mum Der OF shares OF the capital stock of said
company sci opposite their respective signatures
hereto, and constituting together the requisite ma
jor1ty, do hereby declare and acknowledge the
above specified additions notifications and
changes TO have been duly adopted; that the same
are a 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 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
Ben amin Dry competent witnesses VINO hereunto
sign their names, together Win the salu appearerS
and me the said notary, this twenty-trst day of tho
month of December, i'll the year one Thousand
eight hundred and seventy one.
lOrginal signed by stockholders representing
eightythree thousand two hundred and tiity-siX
(s3 25t) shares of the capital stock.
NJ. l.. AIS>wOKTH
BENJAMIN OKY.
PCHS CrvEL LIER, Notary Public.
7 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
Hay .l..1 ~.
cordin. to. law, III Book Society 6, foos $50, 5sl
and 59l
New Orleans, December %. 1871.
c. DARCANTRL, Deputy.
certify the foregoing TO be a true COPY of the
nal act and certificate Of record in u notaral
register.
P. CHS. CCVELLTER, Notary Public
de2s JAG l32 1927