New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-06
CORPORATIONS.
A ME<DMENT OF CHARTER.
Louisiana Levee Company.
IOI'ISIiEi
PARISH OF ORLEANS-CITY OF NEW ORLEANS
STATE OF LOUISIANA.

Be it known that this day, before ne, Pierre
Charles Cuvellier, a notary public duly commits
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 de cared
that they and those whom they represent are
stockholders of the Louisiana Levee Company, a
corporation organized under the general laws of
tins State, by nOtarial acts passed before me the
above named notary, on the eleventh day of Feb
ruary, in the year ISL and recorded the same day
i'll the office of NOR cages i'll the parish of Orleans
in book of societies No. g. foos Pa 2i8 and 2I9 and
further recognized and approved by an act of the
General Assembly OF this state. approved February
20 1871, being act No. i'll the volume OF the acts
of the session of ISL
That in conformity TO the ninth article Of the
aforementioned charter act of incorporation !.
general meeting of the stockholders OF the said
pany was convened and held at the domciie there
Of 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 a majority OF all the cap
ital stock of said corporation; the same being as
follows, to Wit:
ARTICLE H.
That para graph four of said article second by the
addition of the words or by the United States be
made to read as follows:
- To accept and exe1 else all such powers priv
tc or conferred upon the said company by the gov
eminent of the United States, or of ofthe States
interested in he construction and maintenance of
eyees the banks of the river Mississippi, its
tributaries outlets and further, to consolidate
with anv company chartered in any Of the said
States, or by the United States, for the same or 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 are authorized and re-
qUred TO increase the capital stock to million
tive 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 b. desig-
mated thereafter as ordinary stock. the t'lance,
i've dollars, to be paid Ill lawful currency at such
time and i'll such manner as 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
stock shah be entitled, out OF the arnIIgs 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.
No increase OF the capital stock OF the company
shall hereafter be made except in dividends Of
stocks TO the stockholders, ard 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:
'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
ton that it viii hereafter read as follows;
ART. 9. 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 NAV
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 vOts of the stockholders
they shall be entitled to one vote for each share
held by them respectively, and to cast the same in
ARTICLE XII
That the said article be amended by substituting
the word three" for the wold five therein SO
that the first lines thereof will hereafter read
follows:
Article II. The liquidation of the affairs of
the company shall he made by three commits
soners, elected by the stockholders at the time
designated for the last general election OF 01rec
tors etc.
Wherefore the said apprarera each representing
the number of shares OF the capital stool of said
company SGT opposite their respective signatures
hereto and constituting together the requ site ma
jority, do hereby declare and ackuo~ ledge the
above specified additions, notifications and
changes to have been 'uiy adopted that the same
are part of the charter of the said company and
binding upon all the Stockholders the reoi, and
surh rs may hereafter become <hUldtrs therein
AID hey do hereby authorize the recording and
publication thereof according t. law.
Thus done and pa Sssd al the city of New Orleans
aforesaid in he presence OF Nutiu l.. Answ"rIh and
BENJAMIN Ory competent Witnesses VINO htrruntO
si.: lpir names toc Er Tia the sad apDcarers
and me the said notary tE:stNent first dav Of he
month OF December in the year one thousand
eight hundred and seventy one.
iOugiual signed by Stockholders representa- 2
eightE-threc thousand t"o hundred and ~ y-alX
t3325b) shares OF the capital stock.
u. l.. AIN-w0RTH
BENJAMIN DRY.
P. CHS. CUyELtITR Notary PsbIie.
T. the undersigned. Recorder of Mort G-et III and
for the city and parish OF Orleans STATE of Lon.
lSiana do hereby certify that the foregoing amend
ment to charter Of "Loul lana LeVee Company"
III. l,sa Id nyta
cording to law, in Book Society 8, folios $50 5sl
and 592
New Orleans December %. 1871.
c. DARCANTEL, Deputy.
certify the foregoing to be true copy Of the
original act and certificate Of record i'll my notariai
register.
P. CHS. CUVELLIER, Notary Public.
deco ja6 l3 20 u