The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-04
NAVIGATION IMPROVEMENT.
STATE OF LOUISIANA
PARISH AND CITY OF NEW ORLEANS.


BE III KNOWN that this seventeenth day Of June in
The year Of our one thousand eight hundred and sixty
lea he ninety second Before me ANDREW HERO Jr
Notary Public in and the parish city New Orleans
the presence of witnesses hereinafter named and under
ssS ss the ss
aysng themselves OF the provisions the Statutes
r public improvement and utility thew have
painted and agreed and do BY these agree
themselves into constitute Corporation for The objects
and purp ana under the stpulsons fol
ARTICLE FIRST.
The name ard title Of said Corporation shall be TIE
UNITED STATES NAVIGAiIoN IMPROVE GENT COM.
leans, State OF Louisiana
ARTICLE SECOND
The objects and purposes Corporation are the
val Of the bars and the protection Of the the Mss
pp and ether the deepening of the
ton Of solid marine foundations lighthouses other
DSsHn Of n ss ah soils By the .S a
marine for which ps.sn. has been granted 70
United States Of America snd Of means machine
~ apparatus and Improvements as hereafter be dscOv
nSn s may SECURE the right Of using and working.
shall be the oneer on whom citation may be served.
ARTICLE THIRD.
The Capital Stock Of this Corporation is hereby fixed
cd BY Twenty Thousand shares Of Two auudfed and
iiiy s RosTs each Of which one half Ten rhous
cosns .ee The o,s sss S Sns
sid for the the manner ieO%ns town.
se suCserserS 70 The SAID shares shall pay iuto the
ton for business twenty five dollars on each and
Hundred and d rs q on ns each and .s swV
share thee shall be paid in the once Of and to the I'D
Cents share -four months rty days
public notice .ha have been given Of each such call ~
the city Of New Orleans And the am Of
Cents shall Be payable on demand at the once Of ..d co
pany ster two years from the date Of the said Compsnys
ioI business upon thirty days as the Board
No call shall any time be made mprs than Twelve
Dollars Fifty Cents share after payment rst in
stament Of ten cent; and each and every stock1oe
Bimsef or her Elf from all further asby Tor the rs@.inss
nsaments BY 50 deearn at the Office Of said COMPANY
reoeptfo such ailments have paid In which
make such payments as NAV be called Tor such ar
ba forfeit ali payments Heretofore made thee
sid Company for its and benefit and may
ARTICLE FOURTH
The Ten Thousand one half Of the Capital Stock
John Msnco, agent of Edward MsBicO Edward Fontsne
said Csisson Fer o. Improvement in Marine
in The proportions following viz Five thou
sand five hundred shares Edward Fonane and two
Said thousand shall equally with the othr
shares and receive equal Of the dividends from
the r. :. %
otherwise All payments or ass ssmeuts
received FROM levied upon the sockhoders being
considered having been already by the said
reserved shares BY Of the assignment
unto said Company by said agent John Manco said
Edward FOntsne and JOha Halliday their rights and
interests in and 70 said Patent styled Cssson de Fer
Improvement In Marine and the raht 10 usa
the same and to vsbd IL TO oth ers to use
The acceptance Of the above Shares subscribing
their names to these Articles Of Association shall Imply on
the part OF the said John haDico Agent Edward Pom
tame and Jehn Halliday and they do hereby and
complete nser and unto the said
of all their rights and in United
States of Am lea in and the said discovery and
entitled Cass0n de Fer Improvement In Marine conn
aons the Letters Patent granted therefor and 70 All future
mprOvemel Is upon the same.