New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-18
CORPORATIONS.
A MENDMENT OF CHARTER.
Louisiana Levee Company.
STATE OF LOUISIANA.



Be it known that this day. before me, Pierre
Charles Cuvellier, a notary public duly cOmmls.
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
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
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. folios al 24a and 24s and
further recognized and approved by an act of the
General Assembly of this State. approved February
90 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 COM
pany convened and held at the dOmicile there
Of on Tuesday, the twelfth day Of 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 '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 or conferred upon the said company by the gov
eminent of the United States or of Of the States
interested in The construction and maintenance of
levees on the banks of the river Mississippi, it's
tributaries or outlets. and further to consolidate
with any 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-
quired to increase the capital stock to one million
five hundred Thousand dollars, by issuing one
,I,n s nod IS
fifteen dollars per share, payable only in the
following manner, to wit Ten dollars per share
mated thereafter as ordinary stock the 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
scrbers 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
hs
Of the company shall never be increased beyond
five million dollars"
That said article be amended by adding thereto
..No person shall hold the Office of Director who
is not a resident of this State and the owner of at
least one hundred shares of the stock of the COM
pany."
A.
That said article be amended by striking ont
therefrom the words "or dissolve this corpora
tion" so that it will hereafter read as follows:
ART. 9. At q general meeting convened for that
purpose, and of which notice by publication, in
the of general elections, shall be given
for at least twenty days. the stockholders may
make any notifications, additions change, N
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 BY proxy ARTICLE XII
That the said article be amended by substituting
the word three for the word five" therein, 80
that the first lines thereof will hereafter read
follows:
ARTICLE II. The liquidation of the affairs of
the company shall be made by thee commits
sioners, elected by the stockholders at the time
designated for the last general election of drec-
tors" etc.
Wherefore the said app-arers, each representing
the number of shares OF the capital stock of said
company set opposite their respective signatures
hereto, and constituting together the reQu site ma
jOrity, do hereby declare and acknowledge the
above specified additions notifications and
changes 10 have been duly adopted that the same
are a part of the charter of the said company and
binding upon all the stockholders thereof and
such 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
Benjamin Dry competent witnesses, VINO hereuntO
sign tueir names, tOge her with the said appearers
and me the said notary this twenty first day of the
month of December, in the year one Thousand
eight hundred and seventy one.
.Iorginal signed by stockholders representing
eight three thousand two hundred and fifty six
(83,256) shares of the capital stock.
III. L. AISswORTH
BENJAMIN ONY.
P. CHS. CrvELLIER Notary Public.
I, 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, ac
cordng to law. in Book Society 8, folios $50 sol
and 592.
New Orleans, December %. 1911
C. DARCANTEL, Deputy.
certify the foregoing TO be a true copy of the
original act and certificate Of record in my notarial
register
P CHS. CUyELLIER, Notary Public.
de2Q iaG Ii % d