The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-19
NEW ADVERTISEMENT.
STATE OF LOUISIANA,
an and Citv 81 Naw Orlaans

EAIlsh Nlty OF New Orieanh-
BE IT KNOWN, that this 18th day Of Ju, the year
q our LOTa one shI o9osrd and .xty eight and
ninety third before me Hero Jr notary pubic IN
for parish and city Il New Orleans Of LO1
Of heN nsses hereinafter named and ande signed psrsOa
ally esme and appeared be several persons
representative Of Stakeholder the rdE
geIIED srATBs NAvIGAriON IMPROVEMENT
this city BY an act ssed before me- nossrT on
the lIth Gay q june last past chose he
Of section No Of act Of the Les OF the
WS k Of Pubic S m ~. Of %
"a h. s55 ana after the requisite and legal no and publ
and general meeiing Stockholders Of raid
GoIors'ion was held at the once Of IN said Company
and Nty eight for the purpose of altering and endng the
before notary the 7h day Of june eighteen hundred
and sixty and at Which said meeting
spital stoek subscribed Company agreed
sented that the Cha act of Incorporation Of he said
Conn any should be modified and changed read
ARTICLE FIRST
The name end title Of said Csr9orstIOu shall be TIE
SoMfANY, and the dOmic thereof shall be the City Of
New Orleans stsie Of Louisiana All legal process shall be
served on me fEesid'nt OF tie Corporation.
ARTICLE SECOND.
The objects and purposes of said Corporation are the
removal the bars and tie protootOn Of the evees Of
sspP and oer rivers re Permanent deepening Of the
Of solid marine foundations lghtho Ises and
Ses S 91e ans Or %a5.hy sous By the 1e
@sn asrd neS % S ESSo . h
and by tie Ulited states Of AmericA. OF
means machinery, apparatus and Improvements may
htTteer he discovered invested constructed, and OF
which the SAID Corporation acquire the right Of using
ART GLE THIRD.
The capital stock Of this corporation is hereby sxsd At
sum o. FIVE Lion DOLLARS, represented by twenty
thoussno ,hsTes Of two hundred and y collars each
se AZ art for the purposes expressed in The following article
fCrbed paid the
toWit The subscribers the said shall pay
twenty-five on esc aad every haze Of stock
snessed By them q he remaining two hundred and
a. the nice q the sa Company five successive inst ailments
after u ~ ds luole notice shall have been given
ef each such call BY the Board Of Directors in
residue Of the amount Of each share viz One hundred
SIXTY dollars snd fifty csnts shall be PAYABLE demand
Al the once OF said Company, after from
q the said Company ogan1at for business thirty
But shOu the Board Of Directors after years
NJ necessary TO make further demands the StockhOd
cred issue Certificates of Stock fully paid to all such
sseho ders who may have previously pad all calls
No call sha my time be for more than Twelve
@ sa2ent Of Ten per- Cent And II Sd s any 81 ss tHs
holder fail refuse to pay inst,lment ed
recors declare the stock Of such delinquent rfeed
after thirty day notice ewspaper and ia that eveut
all and every paid stock shall be forfeited 20
the Company; the and Of Directors in their discretion
may euo &c the payment OF the stock subscribed from such
OF the delinquent subscribers they shall deem advisable
ARTICLE FOURTH.
or the ten thousand shares or one half Of the esDit stock
and set apart in the foregoing article thousand
shares compensation payment patent rights
tons shall long TO the fol-wDg parties in the respective
Nsnieo, twenty 1--WE hundred ,hares: Edward Fontaue
twelve hundred sH1 fifty shares and joan Halliday
sabd shares Of the ten thousand shares aforesaid
s" be sad M The R5Opsy Of the Company 70
cal purposes as they snail deem advisable provided,
entire Board of Drec Said ten thousand
shares sha enjoy equs rank and privilege with he other
any assessment LEVIED upon stocH the transfer and
st. by Isa Nance t9ntSns Hns halliday Of al Their
Fer lmprov ment in Marine Foundat and the ght to
heent consideration for said ten ID JUS and shsreS
ARTICLE FIFTH.
AupOwsrs of tbs Corporation shall be vssteI in Board
ten shares of Capitol styeh aud who shall their meet
Rs Bosya sRd Corp ratOS. TSs sa 'Ss a1,or o.
ton, through their President and Diroc ors. Shall
a and and e 10 sn. ans Be-
make and use cor oEate sea hold receive purchase and
and persona properly aud they may in est surpa ua
New ETi,sTs or the City II TsohR IN th STATE Of a. s
double value Of the amount oaned provided that such
saS sssrd of Directors shall appoint Secretary ard AL
such Clerks and Agents necessary may the
pleasure Tx the salaries Of all officers Of the Corpo
any said ocers and agents and shah male establish
such bylaws for hs prope management and regulation of
majority Of the Saio Board shsl be necessary form
board shall pow any v.csnciss that
therein by des b. absence resignation any
ARTICLE SIXTH.
On the first Monday in June A. one thousand eight hun
aud nine, and annually thereafter,
light Directors shah be held Office Of
Corporation of which election previous fifteen
days shall be In two newspapers pabi he'd New Or
leans plurality Of votes counting one vote for each share
voted upon) shall be sufficient . elect such Dec
Each shareholder, al meetings for the election Of D
rec 9 OF Ins Vote o ss s Se sd qsSe or by
failure elect Directors Aforesaid shall dissolve
hod until smother election held which notice sha
be given above provided ior and shall continue
ARTICLE SEVENTH.
All transfer Of stock be recorded at Office OF said Com
new stOckhholder binding himself herself b. the
ditions stip0atioIs of this act any all
regulations By laws made and adopted thereof
ARTICLE EIGHTH.
term Of twenty five years from and after the these
presents and organize for business thou
shall have been subscribed for
ARTICLE NINTH
The following named Stockholders viz: John Davidson,
Frank W seymour, James d Blair Robert Roberts and
Adam Thomson are here-y constituted the drst BOARD of
Directors shall at their fret meeting their
number President and the said Board shall
superseded BY cir to elected povaed
a N'' LAVE ARTICLE TENTH
The Board of Directors may accept professionally any power
or viege conferred the Association by Amendments
Of any new of the Legislature by any of
gess q the United States o. America bat the final
ance such privilege shall be determined by
vote Of lhe majority in amount Of the stockholders