The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-08-02
NAVIGATION IMPROVEMENT,
CHARTER.,.".....,......".......C.
STATE OF LouIsIASA 1
Parish and Cfty Of New Orleans


BE 1T KNOWN that 18th day july in the ye r
cur Lore one .hoas.9d sghs hundred and .i eight and
ninety thiEd before Andrea Hero yr notary public
ss o s, nd sas in s s .S
Of The wnsses herene: named and undersi person
y shodsf q sspiss STOCK 81
C6MPANY beSy eoIaSrsi. s.bHsbd and Ios.ss5 IL
this civ. meorpera ed y act passed before
so r Ss an the s p1 re
Of section No Of act Of the Legislature OF the
wokse Of Public ImPuvemsnf Utility" apprO ssrsh
cations Stockholders Company beeen mse
and gwen general meeting Of stOckholdsrs Of laid
this city the 10Th day July one ihcusand sg1 hundred
Aforesaid aei Of neo pSraSs Of the SAID Company passed
before me notary the 7th day Of June eighteen huade
the sioeI therein as also SSSs 81 the
os1l1 siOet subscribed Tor 70 sas Company agreed aud
Cssny should be modified and changed 50 as 70 read as
ARTICLE FIRST. le-rsr ..
The nam. title of said Corporation shan be rae
UNITED STATES NAVIGATION IhPKOvEMaNT
New orleans: state q Luisiaa legal process hs b.
served on The PIesdsni OF he Corporation. -, 80
ARTICLE SECOND. .f s
The objects and purposes Of said Corporation are the
removal Of the bars and proteotion Of toe
shesHsls q and ne removed = Iid.i also i6s
H %as q. sS or sSs we
snd IG%d SS he Ess sS 4. rs
Means sehbsry sppSrsSs and i%provsmen po a. nav
hsI.Ss be di'soyeTsd invested or esosrsetsd and o.
80 ARTICLE THIRD. ,sr1 q
The capital stock o. @ corporation hereby hxsd at the
Ihoussnd shares Of two hundred and fy dollars can u
which onehaf ysi Ten thousand
The other one-hah ea thousand shall be sub
scosd and paid Tor Il the times and 10 the following
bands Of the rssden upon the Comtseys orgsnEstOn or
subscribed by them efhe remaining hundred snd
" i've en- ssea ana every share there shall be paid 10
oftwoye collars sno hfy cent. s in every four
Ell each such call By the BoAro Of Directors
IsEPsPes Puoliss.a in the cry o. New osaPs And ths
sixty dollars and fifty shall be pay. Bile on demand
Of the sd cOmSaa, o from me qSs
DAY notice, the Board ii Directors nay require
But should the Board of Deet-rs 70 years deem Il
unnecessary make any fuusr on the stocshod
iss ns ss are % sss -na sRpoS
Stockholders who sy have previously paid al calls de-
No call shall any time be for more than Twelve
@ S Ssn G . Per SS1 Cent s'I a q 9s
holder fail refuse to any instAlnsnt ed
TetO may deciss the stock Of aeh rfsissd
after thirty days notice N one sewsp.Per aud in that
the Compsny or the Board q Directors in their discretion,
may enio ce the ment Of the subscribed from
Of the lnquent subscribers they shall advisable
OF the thousand shares Of the capital stock
shares compensation and the
So1s Sss IL the
proportions ed r. Manco agent Of Edr
Man co. twenty Eve hundred shares: EdwaSd Fonfaine
twelve hunHred ana fifty shares and to john Halliday
shares the ten thousand snares aforesaid
Dc ssd M Ss he % Of the cO%poy %
ga purposes AZ they snail deem advisable provided,
OF entire Board OF Directors Sad ten thousand
shares shall enjoy equal rang and privilege With he other
any s evsd upon stoss ne transfer and gn
rights and said patent styled aisson de-
Fer sr Improv ment in arne Foundat the right TO
use toe same and veod 1t 70 others TO being deemed
heient consideration for said ten thousand shares
ARTICLE FIFTH.
powers of the Corporation shall be veseI in Board.
ten shares Of Capital and Who shall their first 1ss
,i me Bead and COss5atsa The sad 0OIpGra
have and enjoy succession nay costact sue and be
susd and plead and be in cOrporl ate name
convey property Toe use II. On aI
and persona property and they invest any
New Orleans city Of srsoh thus state Of st least
double value Of loaned provided that sach
loans shall Re made only on vote of ateAs Of
sad sesrd Directors shall appoint Secretary and an
such Clerks and Agents as may be neeesar the
ration security thai shall be required from
any Of ssia oceTs and agents. and shall make
q ,Se SAD as may be nsees. and proper
quorum elect aoy o1eer there IL and the sad
Board shall also have the to i'll vAcsnees that may
ARTICLE SIXTH
On the FIRST Monday in June thousand eight hun
dred and sixty annually thereafter an election tor
said Eight Directors shall be held At tn oc. OF
Corporation election previous notice Of af.eea
days shall gu en- two newspapers pabi he'd IN New Or
leans plurality Of votes Counting each
Zach shareholder, a, all meetings for the of D
Ise,oTs 81 GhsI p1P.es nsl DC entitled directly or by
The failure elect Directors not dissolve
hold until smother election held which notice shall
es given IS above provided for and shall continue
ARTICLE SEVENTH.
All transfer Of stock shall be recorded Office of said Com.
psny IN book Of trans.e TO be for that purpose The
fact OF ding such transfer asie the TERMS con
regulations made and adopted in par lance thereof
Dr.. ARTICLE EIGHTH. +
This Corporation shall be and continue for and during the
term Of twenty i've from and after the these
presents and organic S[ business as ;S's as two thou
shall have been subscribed for
ARTICLE NINTH.
The following named Stockholders. via: John Davidson
Marx Bigney, Charles Lesseps, William h. Mcclellan
Adam THOMSON are bsrey constituted the afst sosrS Of
Directors who :s at their hrst meeting elect one Of their
superseded ey aer successors to elected as provided
1T. . ARTICLE TENTH.
The Board Directors may accept Professionally any power
privilege conferred the Association by any amendments
Of the law under which the adopte
Of any OF the Legislature. BY any Of Goa.
gTess II the United States America scent
any power privilege shall determined by
vote Of the majority in amount Of the btockhOlders
ARTICLE ELEVENTH.
The liquidation Of the affairs Corporation AT the
temn alton OF ts charter determined upon by
its sockhode shall be Stockholders
duly elected majority in amount OF the Stockholders at
meeting convened Tor that purpose. pre-
vous notice in newspapers published NeF Orleans
The period Of liquidation and he aonnt their compensa
all other privileges said
hquid-tors shall be fixed iu such said Stock
holders may 81 such general meeting determine. -
a ARTICLE TWELFTH.
The Of the stockhoder their residences the
number Of shares held by each for present
declared uch subscribed this act aAd opposite
the names each respectively.
Wherefore he appearers for themselves and those
whom they represent and for those who here
At be associated vita them do hereby and