The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-15
ghs gsw @rlsans 6rsstsnt aysdussaas, aay Is. 1863
NAVIGATION IMPROVEMENT.
STATE OF LOUISIANA
PARISH AND CITY OF NEW ORLEANS.

BE TT KNOWN that this seventeenth day Of June In
the q LORD one thousand sga. hundred .Ds
ics the ninety second, Before me ANDREW HERO Jr,
State Of Loussns duly comPssoned and qualified and in
the the witnesses hereinafter named and under
s2san
syslin Of the provisions Of the o. Inc
for works Of public improvement and utility they have cove
and bind themselves they 70 form
themselves into constitute Corporation Tor the ooes
and purposes and under the stpusons ana iO
ARTICLE FIRST.
The name and title Of said 0orPcrs0nv shsI 5s cnM
PANY and the domic ther shall be the city Of New Or
leans. State Of Louisiana
ARTICLE SECOND.
The objects and purposes Of said Corporation are
val Of the bars and the protection Of the levees Of the Ms
s Of rivers and the removal Of tidal bars
Of solid marine foundations for lighthouses ana otner
ocs,op Of Mspicos Cssson De FER or improvement In
foundations for which patent has been granted to
United states Of America such other MACHINE
~ and % may tss Oe
ton may acquire the right of using and worlin
shall be the officer whom citation may be served,
ARTICLE THIRD
at the sum If FIVE MILLION DOLLARS, represe 1t;
ed by twenty Thousand Shares of Two duudred AND
fifty Dollars each, OF Wnicn one
poses EXPRESSED in the following sticls The other one
paid for =. he times iIioxns 70 T;
bssd. Of the President upon the oo%psns ogsuss
ton for business twenty five dollars on each a1d every
GsTs q sS on and
share the shall be paid in At the O;s Of and e the
Cssts share Snee in every four months after thirty days
Board Of Directors in one or more newspapers published
the city of New Orleans And the residue Of the am unt Of
Cents shall be payable on demand at the Office said Com
psny after two years from the date Of the sac or
No cali shall at any enc time be Twelve
Dollars Fifty Cents per share after the
sament OF ten cent: and each and every stoekhode
himself or all further liability the remaining
nstslments BY SO deear at the office Of said COMPANY
reception such nsiamentsa ay paid In which
msf n AS nav be called or such tccsho der
stockholders shall forfeit all payments thereofore made there
sd Company for its and benefit and may be either 70
'''N'O VI ''''' ARTICLE FOURTH.
The Ten Thousand hsf Of tbs Capital Stock
reserved no set apart in the foregoing article shall belong
John Msnico agent Edward Msnico Edward Fontsne
sssgnes Of said Csisson De Fer o. in Marine
Foundations IN the proportions 'oGwng We rive ,hO1
FIVE hundred shares TO raid Edward Fontane and tive
Said ten thousand shares equally the ohsl
shares and receive equsl amount Of the dividends from
be eqUired from the thereof whether as
assessments or Otherwise. All payments ssments
received FROM upon the other stockhoder. ben.
considered having already paid the holders Of said
reserved shares by Of the transfer and assignment
said Company said agent John r. Manico and sat
Edward FOntsine and john Halliday, Of their rights anC
interests in and TO said Patent styled Oasson de Fer OIL
Marine Foundations" and the right to
the same. and to vend 1t to Otk ers to
acceptance Of the above Shares and the subscribing
their names to these Of Association sha imply
the part the said John p Msnico Agent Edward Fon
and John Halliday and they do hereby make full
complete transfer and assignment unto the sA
Corporation Of all their rights and interests in the United
States America 10 and the said discovery and invention
entitled Casson de Fer Improvement in Marine Foun
dAons Patent granted therefor and to AL futur
improvements upon the same