The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-12
NAVIGATION IMPROVEMENT.
STATE OF LOUISIANA
PARISH AND CITY OF NEW ORLEANS.

BE TT KNOWN this seventeenth day OF June n
the year Of our I'd thousand eight ha1cred sn9 H
lea the ninety second, Before ANDREW He 10 ira
Notary Public in and tor the parish and city Of New
the preseuee of the witnesses hereinafter named and
names are hereunto subscribed who seSersy declared that
svaing themselves o. the provisions Of the satde o. the
for works of public improvement and utility they have cove
and bind themselves an thoss whom they represent
themselves into ana constitute Corporation for the OBJECTS
and and under the stipulsou and regulations fol
ARTICLE FIRST.
TIE name and title Of said Cooperation shall be TUE
PANY and the domc thereof shall be the city New Or
leans, State Of Louisiana
ARTICLE SECOND.
The objects and purposes of said Corporation the
val of the and the protection of the levees OF the Misses
Ses Of rivers and he removal Of tidal bars as
ton Of solid marine foundstOns for lighthouses and other
picson Of Msneos Caisson de FER" Of Improvement. in
Edward Manico BY The Kingdom Of Great Britain and by
United America and Of such other machine
s: or and Of which the Corpora
9a sfSs Of As he p 81 b nS 81 said Company
shall be the officer on whom citation may be served
ARTICLE THIRD
at the sam q FIVE MILLION DOLLARS rspss's 81. Il
fiy Dollars each, Of which one half viz: Ten Thous.
and Shares are reserved and st apart for the puf-
half Ten Thousand sheEes, shall be subscribed and
fse sa6scri srs 70 the said shares shah pay the
hsnds Of the President upon the COmpsnys oIFaniss
share Of stock subscribed BY them OF the remaining two
baTe the shall be paid in at the cee Of sad to the said
Company Eve successive nsalments of Twelve Dollars Fifty
public ha given of each such call BY tue
Board Of Directors in one or more newspapers published ~
each share viz: One Hundred and Sxtytw Dollars Fifty
pany ster two years COmpanys
gsnaon for business thirty days notice. as the Board
No call 4 any timebe made for than Twelve
Dosrs Fifty Cents per share alter the pay Of the rs IN
after the payment Of said fret instanent discharge
himself from all urtner liability tor the remaining
nstaments by declaring the office Of said Company
time and returning .othe said Company his soe or the
sueh well in case Of failure OF any to
shall forfeit ali payments made there
by him or her or them aud ucn stock shall revert to the
ssid Company tor its and benefit, and may be either
ARTICLE FOURTH.
The Ten Thousand Shares or one ha Of the Capital Stock
oS5 Msn ss agent Of Rd%sTS Msco Edward
and John halliday their assigns the Patente.s and
Fou1dstons in the proportions following viz: Five SoS
sand FIVE hundred shares Edward Fontane and two
thousand FIVE hundred shares thereof to said John Halliday
shares receive equal of the dividends fro
the profits Of the o%pSPs but no payment Of money ns
assessments otherwise. All payments ssments
received from. levied the other Stockholders b-ng
considered having been ready paid by the holders Ut said
shares by of the transfer and assignment
said Company by said agent John r. Manic0 and said
Edward Fontsine and JohO Halliday Of their rights and
interests said Patent styled Casson de Fer"
Improvement in Marine Foundations and the right TO
| the same, and TO vend II 10 others to use.
The of the above Shares and the subscribing
their to these Articles Of Association sha Imply
the Of the sad John p MaDco, Agent Edward Fon
and Jshn Halliday and they do hereby make ul
complete ransfer and the sale
Corporal Of all their rights aud in the Uutec
States America in and the said discovery and invention
entitled CaissOn de Fer or Improvement in Marine FOun
the Letters Patent granted therefor aud ~ AL futu
| imprOvemei Is upon the same.