New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-01-20
CORPORATIONS.
MENDMENT OF CHARTER.
Louisiana levee Company.
STATE OF LOUISIANA.
PARISH OF ORLEANs-CITY OF NEW ORLEA

Be it known that this day, before me- Pierre
Charles Cuvellier, notary public duly co iI
stoned and sworn in and for the parish OF oiIeans
and city of New Orleans. State of LOUISIANA aIofe
said, and in the presence OF the witnesses nereih
after named and undersigned personally came ana
appeared the persons whose names are neitun a9
subscribed and set forth, VINO several,y r
stoc khOlders of the Louisiana Levee company
corporation organized under the general~laws OF
this State, by nOtaria acts passed before me- me
above named notary on the eleventh day of Feb
ruary in the year 1871, and recorded the same Gay
in the Office Of gagssf IN ,s m and 1 2 and
General Assembly of this State. approved February
20. 1871, being act NO. IN the Volume Oh the acts
of the session Of 1911 A.,
aforementioned charter act of incorporation
raj meeting of the stockholders OF the said com
pauy was 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
ita stock Of said corporation; the same being as
follows, to wit:
That paragraph four said article second by the
addition of the words Or by the United states be
made TO read as follows:
~. To accept and exeI else all such powers priv
ieges and franchises as may hereafter be granted
to or conferred upon the said company by the gov
erpment of the United States of of the States
interested in The construction and maintenance of
evees on the banks of the river Mississippi it's
with any company chartered i'll any of the said
States 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
be million dollars, represented by one hundred
thousand shares of ten dollars each; provided how
ever, that the Directors are authorized and re-
uured 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
following manner to wit: Ten dollars per share
in the existing stock of the company, to be desig-
mated thereafter ordinary stock, the balance,
five dollars to be paid in lawful currency at such
time and in 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
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 ia dividends OF
stocks to the stockholders. and the capital stock
of The company shall never be increased beyond
A'' -''''''' ARTICLE V.
That said article be amended by adding thereto
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 out
therefrom the words "Or dissolve this corpora
ton" SO that it will hereafter read as follows:
ART. g. At a general meeting convened for that
purpose and of which notice by publication, as iu
for at least twenty days. the stockholders may
make any notifications, add ions or changes N
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
person or by proxy
That the said article be amended by substituting
| the word three" for the word five" therein, s,
that the first lines thereof will hereafter read as
| follows:
Article II. The liquidation of the affairs o.
| the company shall be made by thee commits
sioners elected by the stockholders at the time
designated for the last general elecuon OF ulrec
| tors, etc.
Wherefore the said appearers each representing
the number OF shares OF the capital stock OF SAID
| company set opposite their respective signature:
hereto, and constituting together the requisite ma
lority do hereby declare and acknowledge the
| above specified additions, notifications and
| changes TO have been duly adopted; that the samt
part of the charter of the said company ant
bindir" upon all the stockholders thereof, anC
| such may hereafter become stockholders therein
| al d they do hereby authorize the recording ant
publication thereof according to law.
Thus done and passed at the city of New Orleans
aforesaid in the presence of Martin L. Ainswnrh ane
Benjamin Dry, competent witnesses, VINO hereunt'
sign tner names toge her with the said appearer'
and the said notary this twenty first day OF the
| month of December, in the year one thousand
eight hundred and seventy one.
| tOriginal signed by stockholders repre- sentinG
| eight three thousand two hundred and fttysll
| (33 2j6) shares of the capital stock.
| NJ. L. AINSwORTH
| BENJAMIN DRY.
| CHS. CUvELLIER Notary Public.
T. the undersigned. Recorder of Mortgages in ant
| for the city and parisn 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, SO
| and 592.
New Orleans Dece mber %. 1871.
| c. DARCANTEL Deputy.
| certify the foregoing to be a true copy of TIL
| original act and certificate Of record in my notaria
| register. -
| P. CHS. CUvELLIER, Notary Public
| da1a ;o6