The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-21
STATE OF LOUISIANA.

Parish and City Of New orlesas
BE 1T KNOWN that on 18th day Of JAW In the year
Of the Of the u1sS States Of I%.s SS Ss
ninety third before Andrea Hero y snetary public
siana, duly qualified and the presence
ally appeared several persons stockholders or
representative Of Stockholders OF the capital stock Of rHE
COMPANY body corporate established and located ia
tins city incorporated BY act passed before
subscribed who sevssy dec srsd hat under the provisions
titled An act for the orssnisscs Of Sorporasons for
Wo'k Of Public Improvement ano Utility" approved March
cations Stockholders Of Company bseen made
Ssa at Ss . Of S sa GSsp 81 ,sa
tins city the 10th day July thousano eight hundred
aforesaid Of incorporation the Company passed
and sixty which said nesting three fourths Of
the stock therein as also hreef uths Of the
sented that the Charter Of Incorporation Of the said
Conn any should be modified and changed read
ARTICLE FIRST.
The and title of said CORPORATION shall be TIE
uhiThD STATES NAVIGATION IMP tovEMsNT
New Orleans state Of Louisiana All legal process shall be
served on lhe PTesdsnt OF the Corporation.
ARTICLE SECOND.
The objects and purposes of said Corporation are the
renewal Of The bars and ae protection Of the sysss Of the
channels Of rivers and the removal Of tidal the
other structures on or marshy soils by The use
and application Of Msncos "OassOn de Fs Improve
granted to Edward MSncO BY the Kingdom q rsa Britain
and oy 1ne United s&.e Q, A Al and a. saea otter
hereafter be discovered invested and OF
which the said Corporation may acquire the right Of using
ARTICLE THIRD
The capital stock Of corporation is hereby nxed at the
thousand shares of hundred and hy dollars each
which half viz Ten thousand aud
The other oneha ten thousand shares shall be
scrbed and paid for al the times and the following
towit The subscribers to the said shares shall into tae
hands Of the president the COmpapy OrgsnE
subscribed by them; remaining handred and TWEEN
hve dollars each and every share there sh be paid in
Ofwovs dollars and any cents share in four
months after thirty days public notice shall have been given
each such call BY the Board Of Directors
newspapers published in the City OF New Orleans Aad the
sixty-twO dollars fifty cents be pay bile on demand
at the office Of said Company after Two years from the date
DAYS notice, as the Board sf Direct may require.
make any further demands the Stockhod
such residue they hereby authorized and
Stockholders who have previously paid all calls de-
No call shah at any one time be made for more than Twelve
Doas tny Cents per share af'er ahe payment q tbs
holder fail refuse pay any stlment cared for
the Time suoh instament falls due she Board Of Di
after thirty days notice in newspaper and ia that
the Company the Directors their discretion
the payment OF the stock subscribed from such
ARTICLE FOURTH.
or the ten thousand shares Of the capital stock
shares as and for The patent
of the said de Fer improvement 10 ne fOu
proportions toSf to John r Ms1ico assu. 81 Ed~
Ms1ico twenty Ave sandIsd shares; EdTsId Eo1sins
twelve hundred and fifty shares The remaining eve thou
shall be and remain the property OF the Company to
be disposed Of by the Board Of Director. for such spe
that ssid stock shall be disposed Of only
shares shall snOy rank and privilege R Rs oS
stock but in shall the thereof be liable
S d Nance and as on an
rights and interests in and 70 said patent styled ason de
the and vend it to others to being deemed
heisnt consideration for said ten thousand shares
ARTICLE FIFTH.
Apowers Of the Corporation shall be vestsI Board
ten s 81 CAPITAL and SV Who SHALL IT .2 a.
ing cleo, one Of their own nnmber President Of
the n through 'ns A. Ts' SS Ss4s
have and enjoy s1cess'On nay contract sue and be
make and use M seal hold purchase and
personal properly and they may any
IN paper secured by mortgage ON property in the City Of
Of loaned provided that such
loans shall be made only on vote of sslesst hres Ouhs of
said seard of Directors shall appoint Secretary and all
SINE 1t pleasure tx the salaries Of ali ocer Of the corpo
ration and the amount OF security that shall be required from
said ocers and agents. and shall make establish
such bylaws for the prope management and regulation Of
majority Of the said Board be necessary to form
quorum also to elect sy ocer thereSfi and the said
therein by DEATH absence resignation, other
ARTICLE SIXTH.
On the first Monday june D. one thousand eight hun
ed and and annually thereafter, election
the Corporation Of which election previous notice Of aen
shall be in two newspapers pabli,hed New Or
voted upon shall be sufficient elect such Directors
r.coIs or Other purposes ,hS Be entitled directly or BY
proxy 70 one vote on each share Of stock held by him
The failure to elect Directors aforesaid shall dissolve
the said Corporation, but the Directors then in office sd al
hold over until another election held q which notice shan
be given above provided for and shall continue until
ARTICLE SEVENTH.
All transfer of shall recorded oce Of said Com.
new stakeholder binding himself herself by the me .
ft tipsstiops Of th act aS snS and III % %
regulations by laws made and adopted thereof
ARTICLE EIGHTH.
This Corporation and continue and during the
Of twenty five from and after the
shares Of the Capital stock specified laird
shall have been subscribed for
ARTICLE NINTH.
The following named Stockholders viz: John Davidson.
Frank W. Seymour, James D. blair Robert Roberts and
Adam $ are al bs ans we nss sos,d Of
number as President Board shall serve until
superseded by ner successors to elected as provided
Altiele sixtn- - -
ARTICLE TENTH.
The Board Of Directors may accept professionally any power
or conferred the Association
Of the which the same Is for ned By the adoption
Of any Of the Legislature by any Con-
gress United States OF America bat the
ance any such power privilege shall be determined by
vote Of the majority in amount Of the Stockholders
ARTICLE ELEVENTH.
The liquidation Of the affairs Of said Corporation at the
termination its charter IL determined upon by
Stockholders shall be conducted by three Stockholders
duly elected majority 10 amount Of the Stockholders
convened for that purpose after sixty dAys
yious notice in newspapers published in New Oresns
period Of liquidation and the their
also all other privileges conferred said
qudstors shall be hxed in such said Stock
holders may At such general meeting determine.
ARTICLE TWELFTH.
The names OF the Stockholders their residences and the
respective Of shares held by each present