The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-08-08
NAVIGATION IMPROvEME Vt.
CHATTER.
CHARTER.
STATE OF LOUISIANA.

STATE OF L0UISIANA,l
.o,vv Parish IN. ana ma o,y o. - sss Orleans
eight hundred and ,ixty eight and
ninety third before ma Andres Hero J anotsry public ii
for parish city Of New Orleans State Of LOu
Of he S..ses Rsrsnssr named and ne
representative 81 Stockhodsrs the capital rdE
United STATES NAVIGATION IMPROVEMENT |
Tn. ETY. Cd BY an act pssssd before me- on
the s DAY e june Last past shS.s n,%ss ~, are he
Of section No Of act q the Legislature Of the
woks Public Improvement Utityn approved March
4h 1855 after the requisite and legal notices and publ
snd meeting Of the ssOelhedsrs Of laid
his city on the 10th day July one soussne Sanarss
and for the Of altering and amending the
before notary The I'm o. jane eighteen hundred
and and At Sheh said nesting - O.
Capital stock subscribed for TO said Company agreed and
should be nodded and changed 90 As 70 read s
follows, viz:
IT,. NAM. .,s an. q, ..,. co,,o,..o, han =. rzr
UNITED STATES NAVIGATION. InPkovEM sNT
COMPANY, and the domic thereof shall be the City OF
served on the President of the Corporation. I'd
ARTICLE SECOND.
- -,
and protection Of the Of
nisspp and 0ter rivers re deepening Of the
omaton q solid marine foundations Tor Lightly and
other o. - so - so s,e
msnt II marine foundations. for watch tent has b.eD
and BY the uned states OF Aneric and 81 such otter
hereafter be disscvsfsS nVs.tsd or and q
which the ssld Corporation may acquire the gnt OF using
'A0 "''''ns ARTICLE Third.
r,---,..,.....,
sum OF FIVE MILLION DOLLARS, represented by twenty
which half viz; leu thousand reserved and
apart for the purposes expressed in the following article
eribd and paid for At the times and 10 the manner following
hands Of the ITsdsnt the Com0auys CI
twenty dollars on each aud every share OF stock
o1 each and share there shall be paid
At the nice q the sd Company ave successive
months, after thirty days public notice SHALL have been given
e each such call By The Board Of Directors In one or more
residue q each share via One hundred and
the ONCE Of said Company after from the date
,sS nees
s srS; On h sSs
sssS Z ssS s Of 5 al ss
mands made prior thereto. = 80
Della Ffy Cent? per share after the payment Of the
1, sta Of ten per cent and ,s'nd any Stock
the time suoh installment falls due the Board of nj
may declare the stock of such delinquent forfeited
may enf &c the psym such
deIQuen subscribers they shall advisable
y ~ S-N- ''
ARTICLE FOURTH.
OF the ten thousand shares or half of the capital stock
and s in ns che .s s
the said s de Fer Improvement in srine fOuads
tOns shall belong to the following parties in the respective
twelve hupeTed ana fifty shares and to john Halliday
twelve hundred and fifty shares The remaining eye ho
shall be and remain the property OF the Company
be disposed Of By the Board Of Directors for such
that ssa stock shall be disposed Of only ~
Of 9s p py al snS w sR Ss1
stock but shall Thereof be liable ior
S ] and hs sa1 s
rights Interests and TO said patent styled ossson de
IprOv men in Marine Foundatons and the right
ScisnI consideration Tor said ten thousand sHsiss
ARTICLE FIFTH
AnpOwsrs of tn. Corporation shall be vestei in Board
ohns.ne % M h ~
ing sl,c, one Of their own NUMBER President OF
ton hsYI ,DO, Succession nay eoarae sue and Be
sued ana pss@ Sno az .sp beid rsesiye pSrsss and
convey real property for the use Of the said
and property and they may est any surplus
- sscsrea nv morteaSs on property In he civ o,
New Orleans or the City 81 IL erson in this State Of 81 least
double t1s value o. the @0o1.
| the Directors ....,., $780, -, N
Sad kskrd OF Dtretors snal sppont oecIe.sIy snu ~
pleasure FIX he salaries Of all officers Of the CCrpO
ration snd the amount OF secufy tnA Snail 20 Eeaufeo
Of sale rcers and agents. ana snail ana
such Tor ne proPei sno o. Ine
majority Of ssid Board sh. be necessary 60 orm
hoard sus also have the any may
occur therein by DEATH absence resignation
| eau1a
| ARTICLE SIXTH.
|
On the first Monday In June thousand eight hun
bred aud sixty annually thereafter election
the Corporation Of which previous notice Of
cay, ~ 80 lon,;re nns Vote For sarb .hsr.
.S "a shsI Ss an fcsnt 10 elect such Directors
~ "a al meanings for The eection Of nj
- abar nn,noses .haI he entitled drectix ar nv
Iec.o.s ~ 49, nn asch shar. Of stock MA hv hin, -
Pi9ty 70 ~. n.-s =. sforsssid bs not a,ssovs
~ -, a. nI,scto a.. than IN osgcs ~ u,
me sslu oJ a. bsd ~ S~Ach notS. ~ ~
hOiu owe - 80 s5.n .an,,n,a 49,, ~
Dc gwen rs soTSe Pro'iueu ioi' ~ SINAI Commune u' "
ARTICLE SEVENTH.
transfer of stock shall be recorded at Office Of Com
I'm hook OF transfer to be kept that pu rpose Tn
new stnckhhoder binding himself herself By the
fst Of recording such transfer aside all terms
dons and stip1l atols all
sstions or 81 laws sde and
/
ARTICLE EIGHTH.
l .. - ~ ...
This shall be continue and during
tsrro n tventv ave wears from