The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-08-04
NAv"9.",..N ,"..ovru~v :
recommendation e
STATE OF LOUISIANA,

STATE OF LOUISIANA |
Parish and City Of New Orleans !
BE 1T KNOWN that this 18th day Of Julv in the yer
our LORD thousand sight hundred and 1t eight .ad
ninety third me Andrew Hero Jr, notary public
and for the parish and city 81 New Orleans State Of Loui
q The illnesses hsrs1sss named and undssga.d psrsOS.
ally came and me several ss q
UsIIED STATES NAVIGATION IMPROVEMENT |
this city, ed BY an act passed me- notary
e .s9s. s the PROVISIONS re
Of section No 6o an act Of the Of the Gu
works Of Public imprOv Utty" approved March
4h 5 and after the requisite and legal notices and publ
and gwen general meeting Of the Stockholders Of ,sd
10. s on he S day hS q
and sixy eight for the purpose Of altering and endng the
before the 7h day Of JAM. eighteen hundred
and sixtye and al which said nesting
Capital stock subscribed Company agreed and
sented that the Chatter Of Incorporation Of The said
Cont any should be modified and changed TO read
ARTICLE FIRST.
uhfTt 1S"e sTSTE Ee NA1iGkTfoN GsPSovsM
COMPANY, and the SOmieil thereof shall be the City Of
New Orleans. state Of LOUISIANA All legal process shall be
served on The President OF the Corporation.
ARTICLE SECOND
removal protection o. the lsvees Of
Mississippi and other rivers re deepening Of the
fo nation Of solid marine foundations
S c Ss u
marine for ESsS eS, s. has S;s0
by the United states Of America and Of such otter
means Ss inverted on sSDssed and q
which the said Corporation acquire the right Of using
AAU ARTICLE THIRD.
The capital stock Of corporation hereby
sum FIN N LLIoN DOLLARS, represented by twenty
which one half viz Ten thou and shares reserved
apart the purposes expressed in the following article
serbed and paid for at the following
hands Of The rssident mon the Comranys for
busn twenty dollars and every share Of
tyhve dollars every there shall paid
a the nee Of the Company , Nv: successive in as
months after thirty days public notice s have been given
newspapers published in the City Of New Orleans And tbs
residue Of the amount Of each share VIZ OGe hundred and
the once Of said Company after two years from the GATE
das $ notice as the Board Of Directors nsy require
But should the Board Of Directors after years deem Il
such residue they hereby Authorized aud
seo 70 lssus h @ 10 s @ III .,i AZ
mands made prior thereto.
No call shall time be made for than Twelve
hrst iastament Of ten per cent And .h,ad Stock
the lime such inssalmsnt falls due the Board Of ri
aeS tbty dsy notice in one Newspaper and 10 that event
all snd amount paid said stock shall be forfeited 20
may the payment Of the stock subscribed from such
Of the subscribers as they shall deem advisable
ARTICLE FOURTH.
OF the thousand shares oneha Of the capital stock
reserved and set apart IN the fore going article nve
the said de Fer improvement In srne fou ada
proportions stssd to-Wif to John Msnico agent Of Edw
Man co, twenty-five hundred shares; Edward Eo1,ane
twelve hundred and fifty shares. The remaining hye thou
shall be and remain the property of the Company
be disposed Of BY the Board Of Director, for such
stock shall be disposed Of only ~ three
shares shall enjoy equal and privilege he other
stock shall the thereof be liable
msn Sy ssd Nance FCntans and Hsday Of a. their
rights and Interests n and e saS styled dc
and vend it to others to being deemed sui
nciert consideration for said ten thousand shares
ARTICLE FIFTH.
AnpOwers Of the Corporation shall be vosei in Board
s 1 Who first
| ing. elect one Of their own humber President of
the SS through 'nS . and
% and and esG .n S ia S
make and orae seal hold, receive, purchase and
and psrona property they may any sarpss
paper secured BY %0rsgsgs on PTOP s IN the city o.
double value the loaned provided that
loans shall be made only vote Of least hreeour:hs of
sad ard of Direction, shall appoint Secretary and all
pleasure, tx The salaries Of all officers Of the CorpO
ration ns and md shall MAZE saa
the and regulation Of the
majority II the .aid Board shall be necessary to 6r%
quorum also TO elect a.y onceI there G and the said
therein by deah absence resignation, other
| caule. $500, $780,
On the FIRST Monday june thousand eight
stynipe and annually thereafter, election Tor
Corporation, Of which election previous notice Of fifteen
shall be two ds Sos dI s Sss or
voted upon shall be sufficient TO elect such Directors
reos ohsT papse ,Rs Be entitled directly or BY
PROXY vote on each share Of stock held BY hun
the said Corporation the Directors then in office sh,
hold over until smother held which notice
be given above provided for and shall continue until al
ARTICLE SEVENTH.
All transfer of stock shall be recorded at Office OF said Com
psDy book Of transfer to be for that purpose The
new stockhholder binding himself herself by the
aoD. aSd spssSobs Of this act any and ali toe
regulations laws made and adopted thereof
ARTICLE EIGHTH.
This CORPORATION shall continue for and during
term Of twenty I'VE years from ana alter .as gate Of ,hes
Of the CAPITAL Stock specified In Article Thrd
shall have been subseribsdfO for
ARTICLE NINTH
The following named Stockholders viz John Davidson
Marx BEney, Charles Lesseps William H. Mcclellan
Frank W seymour, James d. Blair, Robert Roberts snc
Adam Thomson, mere constituted the board o
Directors who shs their fret meeting of thel
number President and the said Board shall
superseded by tler elected provided IL
| Article sixth -, ,,.-.,-.
TIE Board Of Directors accept Professionally
puvi conferred on the Association by amsndmeut
of which the formed by the adopted
| Of any new the Legislature by any Of Con
gess Ct United States America but the final sccept
snce Of any power privilege shall be determined by
vote Of The majority amount Of the stockholders.
| ARTICLE ELEVENTH.
The Liquidation Of the affairs Of said Corporation at thu
charter il determined b.
Stockholders, shall be conducted by three SockhOder
duly elected by majority in of the Stockholders
convened for that purpose after sixty days prs
notice in newspapers published in New Orleans
The Of liquidation and the amount OF their
len A. privileges be conferred
quid shall be fixed in such the said Stock
| holders may such general meeting determine
| ARTICLE TWELFTH.
The names Of the Stockholders their residences and the
respective number shares held by each for the present
declared tueh subscribed this act sad opposite
| the OF each respectively.
Wherefore the SAID for themselves and thos'