The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-08-05
NAVIGATION TMpRovEMEVT VT.
STATE OF LOUISIANA, Z

STATE OF LOUIsI ANA
Parish and City OF New Orleans
BE 1T KNOwN that l7ih day OF july. in the yeW
gh hundred and sixty eight
q the nd.peDdsrce Of the United states OF Am-r ca The
for parish and city q New Orleans Stats Of Lon
r.. sn Sass and
ally srd appeared he several persons
UfI1ED STATES hAvIGArtON IMPROVEMENT
this ety ineopo ed BY an act sssss before me- notary
the 18th day Of June last past those mes are he eun.o
section No q an act o. the Lessafure the
ea An &C, for the organ1aIsen2 OF uorDOraIO1s for
18Th S. and after The uisss and legal notice, and publ
gwen general meeting Of the Stockholders of ,sid
Cooperation was held the once Of th' said compsly
and sixty eight for the purpose Of altering and ending the
h. Ses o. E @ o. Iae s sac
snd sixty bit and al which said neetiag
Gpsl stock subscribed or Company agreed
seoted that the Charter act Of Incorporation Of the said
Cont should be modified and changed ss 10 read -
follows, viz:
IRE name and title Of said CORPORATION shall be r he
COMPANY, and the dOmicil thereof shall be the ciy
New Oresns. state Of l. All legal process shall b.
served on The PIesid nj Of tue Corporation.
ARTICLE SECOND.
The objects and purposes Of said Cooperation the
removal OF the bars and tie protection Of the evees Of
sisspp and oker rivers re deepening Of the
foi maon of solid marine foundations Tor ghtho sss and
S s Of Is s the s
@s2 in marine TOR ESSS eG. h; ,sO
and BY tie United states Of Americs and # such
means, machinery, apparatus and improvements as may
which the said Corporation may acquire the right Of using
ARTICLE THIRD.
The capital ecrpOratiOa hereby hxed at the
sum OF 1--WE Lion DOLLARS, represented by twenty
thoussno ,hare Of hundred and hy dollars each Of
for the purposes expressed in the following article
The other oDs1es OF ea thS1ssnd shares shall be sub
towt The subscribers the said shares snail
TIVE SPSn on s ssc a ~ S
subscribed BY them Of he remaining hundred
the nee Of the Company successive inst ailments
months alter thirty DAY fuSis notics s6. have bssn vsn
e each such call by the Board Of Directors In
residue each share hundred
E1ytwo dollars and fifty cents shall be BILE demand
of the said companys for business upon thirty
notice, the Board If Direct may require.
Bat should the Boar1 Of Directors after years deem
20 make further demands the S,ckh1d
cred TO Certificates of Stock fuy paid to ali such
who may have previously pad all calls de-
No call shall any moe than Twelve
@ sSH Of e Cent? And Sh' S d' eny s. Stock eG
holder fail or refuse 70 pay any ca ed tor At
may declare the stock OF such delinquent eited
all and every amount paid on said stock shall be forfeited TO
the Company the ard Of Directors in their discretion
Of the del nquent subscribers they shall deem advisable
ARTICLE FOURTH.
or the thousand shares half Of the ea0 stock
and in the foreeOng article i've thousand
hsres compensation ana for the patent rights
tons shall bslong to the following parties in the respective
Man co, twenty i've hundred shares: Edward Fgntaine
twelve hundred sn1 fifty shares and to Joan Halliday
tand shares of the ten thousand shares aforesaid,
s" be and M m. ' so. S 81 the 70
eial purposes as they snail deem sdsisabe provided
vote OF tns entire Board Of Dec Ors Sad ten thousand
shares hs enjoy equal rank and privilege with he other
assessment levied upon ,toeN the transfer and
Fer Improv ment Marine Foandst and the right
and vend 1t to othersto being deemed su
ncieLt Consideration Tor said ten tn usRnd shares
ARTICLE FIFTH.
Aupowers Of tbs Corporation shall be in Board
ten STICK aud who shall their fret meet
IRs BSaa and Corp ratoS The sad Sorpors
BsR ibSpS = and ts.,I D%Ss ST z. sns
make JOrste seal hold receive pur hase and
and p rsonsi properly and they may any
IN paper secured by mortgage on property IN the Cs o.
d"pb ne value OF the loaned provided that such
loans shall Re made only vote OF ateAs ihreeourth OF
'ns Sc of pirector, shah appoint Secretary aud su
SINE 81 pleasure hI The salaries Of all the Corpo-
amount Of seenn that shall pe req aired from
such bysss or q. Prope and sgasSn Of the
ajSrity Of the Board shs be necessary - firm
quorum also 10 elect Officer tnsreIi and the SAID
ccu therein by deah sbsence resignation or any other
sAu'e ARTICLE SIKH.
On the Monday in June, one thousand eight hun
dtd aLd sixty nine and snnuA thereaser an election 'o
$50 light PseSs c sn Dsv ns poes Of az
oa5, shah be newspapers plbi he'd IN New Or
" ted uron shall be elect such Directors.
Eaei shsrsholder all meetings for the election Of D
poSy' 10 one vote on each share Of stock held BY hum
the ssid Corporation the Directors thea in Office sh
holm er smother election held OF which notice shat
above provided Tor and shall continue nnt al
ARTICLE SEVENTH
An transfer Of stock shall recorded at Office OF said Com
PSS binding himself or he.eIi b. the me
recording such transfer TO AL oy ali the Terms con
dtons and stpuatios Of this act any ana All tle Ill
regulations laws made and adopted puts lance thereof
ARTICLE EIGHTH.
This rorrorst,on shall be and continue for during tn
term Of twenty 1--WE years from and alter the ase Of mes
presents a. sS s.l STOCK speched in Article Thirt
shall have been subseIibsdiOr
ARTICLE NINTH.
The following named Stockholders VIZ: John DAvidsor
MAX Bisney Charles Ls,sePs W nSar, ,s MSLs
Adam Ihom,on, here constituted the nrst board
|
number a. the said Board shah serve unit
by tler TO elected as DIVIDED
ARTICLE TENTH.
The BOARD OF Directors may accept Professionally any pow
or mr. vi ee conferred the Association by amenfmeu
ri tb law under when the is for ned b. the adOpte
~ apy new act Legislature, by any act OF Coz
the United America, but The hnal sccep
nee If any such privilege shall be determined by
| vote Of HE mAjOrily amount Of the Stockholders
ARTICLE ELEVENTH.
The ouidati Of the affairs of said Corporation at
termin stion OF charter sooner determined uDon
10 ckhclders shall be conducted by three stockhode
dnv elected by majority ia amount OF the SOcShold-rs
meeting ened Tor that purpose after sixty days p
Wins toice in Newspapers published IN Neg Orear
me- od of and he amount OF their eompen'
IN as also ali privileges be conferred uoon ~
nnd- tors shall xsd ia such the said S0c
| holders may such general meeting Determine
ARTICLE TWELFTH.
The names OF the Stockholders their residences, and
respective number If shares held by each for the rese
declared uch subscribed 10 this act sAd oppos
| the names each respectively
| Wherefore the appeaTers for themselves and th'
whom they represent and for those who may he
AZ or be pits them do hereby covenant and
no that BET slf Of than three OF
cpta stock SUBSCRIBED for and represented At such nee
tha a lo ba md