The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-22

STATE OF LOUISIANA
81 Cd Parish and City Of New Orleans J
EBE IT KNOWN th. 7th day Of july, in n: YEA.
Of Ss Of the United States ImsTes The
Ss: 1 me- A2d r. NJ.
duly and qualified and in the prs.sns'
appeared 8: several s,os5hCas5Ts q
UsnTE lsA's STATES NAVIGATION IMPROVEMENT
6ody corpcrs's Snd Ssssa ON IN
he M day JUNE @ ss, s'
Of section No Of an act Of the Legislature Of the
s ss for the s1s Of
l4h s55 and after the requisite and legal notices and publ
sa e 20 the meeting of aid
% s ". S .% the u Hs q sns
and sixty eight for the purpose OF stern and amending the
notary lie IN Of June sg6ss1 hundred
spe and q SssS 'Ia aso 81 S
Capital stock subscribed for to said Company agreed and as
Company be modified and changed so as read as
''"' ARTICLE FIRST.
| UNITED STATES INVITATION IsPRovEMsNT
r sa enc S %ns All SS sss b BE-
served on The President OF the Corporation
ARTICLE SECOND.
The objects purposes Of said Corporation the
removal Of the bars aad toe prOtsoton Of the levee Of the
ehsan IF rivers and the removal Of tidal bars as also the
formation Of solid marine foundations for ghho uses and
and application Of Msnico Caisson de Fsrp Improve
granted EDWARD tSs Kingdom
and by the uned states OF Anercs and 81 such other
hereafter be discovered, invented consruced and OF
which the said Corporation acquire the night Of using
ARTICLE THIRD.
The capital stock Of this corporation is hereby nxed at the
sum Of FIVE LLIoS DOLLARS, represented BY twenty
thousand shares Of hundred and fifty dollars each
which half viz: Ten thousand reserved and
The other oneha or tea Thousand shares shall be sub
The subscribers the said shall pay the
SS.Ss ct the TPSn the a ~ %
subscribed by them Of the remaining hundred
al the nee Of the ss Company five successive inslmsnts
ofwoys dollars and any cent; share in four
such by the Board Directors one or more
residue Of the Of each share via oas hundred and
sixtwo dollars and fifty cents shall be payable demand
the office of said Company after two from the
Of the said Company organization for business thirty
But should Of Drectsr after years deem it
unnecessary TO make further demands the StOckhOd
cred 70 issue Certhestss Of Stock fuy paid
Stockholders who may have previously paid all calls de-
No call shah any one time be made for more than Twelve
s sn er s,n And si' ny s so sH'
the lime such nsts%eDt falls dGs the Board Of 0' pi
rctOrs declare the stock of such delinquent forfeited
all and amount paid said stock shall be forfeited
may payment the stock subscribed from such
the delinquent subscribers they shall deem advisable
ARTICLE FOURTH
the thousand shares OF the capital stock
reserved and set apart the ioego article ne thousand
OF the said Ca de Fer Improvement aIne fouads
proportions stated tOwt to John p Manico agsu. 81 Edw
Man co twsnty,ay s hundred shares Edward Eo1,Ans
twelve hundred and fifty shares Ihs remaining eve thou
shall be the property Of the Company to
be disposed Of BY the Board Of D5sStoI for such gs
that sso stock shall be disposed Of only BY fourtn
shares shall enjoy equal rank and privilege with he other
stock but in no event shall the thereof be liable
BY Nance fOntains and Halliday, Of ali their
FER imDIoy in Marine EoandstOPs the right g
| hcent consideration for said ten thousand shares.
| ARTICLE FIFTH.
Anpowers Of the Corporation shall be in Board
consisting Of Eight Directors who shall esch least
shares of Capital stock who shall meet
S Ss d., coiPs5.tl$Ss; . y. SoFssrs
and plead and in sas ana Nance ss
property for the Of the said Corporation only
IN ~ on sK u s cy
New 0Issns or the City Of in this State Of least
loans shall be made only vote of alesst rssfOurths Of
SAID Directors shall appoint Secretary and all
such Clerks and Agents as may be may the
ration ana the amount Of security that shall be required from
such bylaws for the proper regulation
sas OF the said Corporation necessary proper
quorum also to elect oce5 thsre and the said
cause.
On the Monday Juus A. D. thousand eight hun
died and sxtynine and annually thsreate an election
the Corporation Of which election previous notics Of een
Gay, shall be gwen in two newspapers pab hed New Or
voted upon shall be sufficient elect such Directors
r.cioT or Ohsr purposes .hs Be entitled directly or BY
70 one vote on sSen snare 81 socs hs ~ nun
cd but sas ss thea . 0e. :
be given as above provided Tor ana shall continue until
| ARTICLE SEVENTH.
All transfer Of stock sh. be rec rdea at OF said Com
in beck Of ans'er to be fr thai purpose The
rev soekhholder binding himself or herself By the
fact OF recording such transfer 70 by ali the terms
dtons and stpostoHs Of this act ao and all the rules
regulations BY laws made and adopted thereof
| ARTICLE EIGHTH.
This Corporation shall be and continue for and during the
term Of twenty i've years from and after the Of these
ss@ TsS sDs Ss as Sos 81 tive thou
| shall have been subscribed for
| ARTICLE NINTH.
The following named Stockholders viz John Davidson,
| Max = Bigney, Charles Lesseps. William H. Mcclellan
Adam Thomson are Ssre:y Constituted the arss sosd Of
who ss a. ss' III a. meeting :ss, Ons Of Their
superseded BY tAeir successors to re elected provided in
ARTICLE TENTH.
The Board Of Directors Professionally power
privilege conferred the Association
under which the for adoption
Of any Of the Legislature, by any Of
If the United States America but the final
of any such privilege shall be BY
| Of The majority IN amount Of the Stockholders
ARTICLE ELEVENTH.
The liquidation Of the affairs OF said Corporation at the
termination Of its charter determined
stockhoder shall be conducted by three ockholdes
duly elected msoriiy In amount OF the Stockholders
meeting convened for that purpose after sixty pre-
vious notice in two Newspapers published In NeE Orleans
The period Of liquidation and he their compensa
tisn also all other privileges conferred uDOn
liqudsOrs, shall be fixed 10 such said
| holders may si such general meeting determine
ARTICLE TWELFTH.
The Of the Stockholders, their residences the
respective number Of shares held by each present
declared be ueh subscribed this opposite
L L. n.-naaa Lrnar. tIu.lu