The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-06-23
NAVIGATION cMENT.
STATE OF LOUISIANA
PARISH AND CITY OF NEW ORLEANS.


eight and Indepsnsebc- Of the stsss Of Amer
Notary Public in and tor the sh and city Of New Orleans
he Of the Witnesses bsrns.r named and aas
iEned personally came and appeared the rites whose
awaiting Of the provisions Of the statutes Of the
Louisiana relative the Of corporsons
and BY presents
then INFO sno CaTparston for The objects
spd purposes ana under the spuAons ana regulations fol-
ARTICLE FIRST.
The name ard title Of said Corporation shall be THE
UNITED STATES NAVIGATION IMPROVEMENT COM
PANY and the doc thereof shall be the city Of New Or
leans. State Of Louisiana .,-
ARTICLE SECOND. ha
The objects and purposes Of said are the reno
pp and ther The permanent deepening Of the chan
tin tf solid mHins fouzdsoBs for lighthouses and
sn ss m.shy soils By the use ID z.
marine foundations for which patent has been granted %
United states Of America and Of such other means
apparatus and improvements may hereafter be dseOy
ton may seguirs the right Of using and worsing
shall be the officer on whom citation may be served
ARTICLE THIRD
The Capital Stock Of this Corporation is hereby hxsd
81 Sy twenty Thons.na Share. Of fA1 Bundled and
fifty Dollars each, Of which one half Wa Ten Thous-
S S1 II in ss o.nR s The
.d or at R. %s. and n the
IRE subcril the said shares shall pay intO the
ton for business twenty Eve dollars on each evey
hundred and twenty-five d.i rs, on each and every
share the shall be paid In at the Office Of and 70 the aid
Cents share oar months sssr tlir days
public notice .sa have been given Of each ssen call z, ne
to. city Of New olssn one And the residue
Cents shall Gs on demand at the Oce said
pany ster tive years from the date Of ne said Or;
No call sal a anj one time made for than Twelve
Dosrs Fifty Cents per share after the the hrst in
salment ten cent and each and stoekhoder
i@se or her eli from ali furt1er liability for the naming
y 3 Gsa 1g = The Ss 81 nd SS%Pa o
rece for such ms amentsas a have been paid 10 which
As NAV be called Tor such s.ocsho der or
tOck shah forfeit ali payments heretofore made there
Sid company for its and benefit and be either
N'H'O ''''' ARTICLE FOURTH
reserved apart in he foregoing article shall belong to
John M.nico agent of Edward Ma leo Edward FOatsae
and John halliday. their assigns the pstente.s aad
assgnses said CsissOn de Fer Improvement in Marine
sand shares thereof to said John Msuce sgsst two
sand Eve hundred shares 10 aid Edward FOnane and two
Thousand shares shall rank equally with ths other
shares and receive equ.l amount of the dividends from
be rsqu from the holder thereof wnsther As mens
Otherwise All payments or setneuts
from. levied upon the other stakeholder being
considered having been already paid by the holders II said
reserved shares bv OF the and assignment
said Company by said John Msnico and said
Eds ard Fontsne and john Halliday Of their rights and
interests to said Patent sly led Csisson de Fer"
Improvement Marine Foundations" and the right
the sanre, and TO v.Dd IL 10 others to
The acceptance shares the subscribing
their these Artiees Of Associston shs Imply
part OF the said John p Msnco Agent Edward Fon.
Jehn Halliday and they do hereby make full and
complete CONVEY transfer and assignment the aid
Cerporat al their rights aud in the United
STATES Of America in and the said discovery ard venOn
entitled 'Cass0n de Fer Improvement In Marine FOun-
dons the Letters Patent granted therefor and to all future
imprOvemei Is upon the same.