The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-07-05
NAVIGATION IMPROVEMENT.
STATE OF LOUISIANA
PARISH AND CITY OF NEW ORLEANS.

BE IT KNOWN that this seventeenth day Of June in
and Ohs n s 1nsd States Of
lea the ninety second Before me, ANDRsw HERO. Jr,
State Of LOa.sns duly cOm@issionsd and qualified and
signed psTsonay came ssd named ana ss
hereunto subscribed seversy declared that
state relative g the s Of @
os works Of public and utility they have
and bind themselves and those whom they represent
themselves into ana constitute Corporation the objects
and purposes and under the spuatons regulations fol
lowing, viz:
UNITED STATES NAvIGATIoS fMPROvENEsr CON.
PANY and the domicl thereof shall be the city Of New
leans, State Of Louisiana
ARTICLE SECOND.
The objects and purposes Of said Corporation are the reno
val Of the bars and the protection of the evees OF the Ms
nels of and the Of tds
on or solid marine oundstions for lighthouses and other
picstion of MSDicos Cssson de Fer" improvement In
Edward Manico By the Kingdom Of Great Britain and by the
United States Of America sDd Of such other means scnne
constructed and Of which the ssa Corpora
nR b f sfS0e Of hs s R ct using s and %Sns
snail be the officer on whom citation may be served
ARTICLE THIRD
at the sum q EVE MILLIos DOLLARS, represent;
y eas Of sbsS Two h sS bS SUd
and Shares, and st apart for the pur-
half or Ten Thousand Shares shall be subscribed and
paid for At the times and in the manner allowing tOwi.
h.nds OF the President upon the COmpsnys organise
share Of subscribed by them; the remaining two
hundred and twenty-five dsIl,rs, on each and every
Cmpany I've II we've pO II sf F
Cents share four months after thirty days
Board Of Directors in or newspapers published
the city Of New Orleans And the residue Of the
dreda -txyan
cents shall be payable on demand at the office Of said Com
pany after two from the date Of the said COpsnys
OF Directors may require
call shal at any time be made for Twelve
Dollars Fifty Cents share after the of the first
sament O ten per cent and each and stOehoder
himself her elf from all further liability the remaining
by so declaring the Office Of said Company
any time returning said Company stoek or the
for such ailments have paid which
make such payments may called tor such soc or
stockholders shah forfeit all payments heretofore
sd Company for its use and benefit, and be either
ARTICLE FOURTH.
The Ten Thousand Shares haf Capital Stock
reserved set apart in be foregoing article shall belong
John Msnicc of Edward MsnicO Edward FOntsine
assgntes Of said Csisson de Fer Improvement Marine
SAND shares thereof 9 MSnS y tive two .SSS
send five hundred shares 70 aid Edward Fonan two
Said thousand shares shall rank equally other
shares and receive equal amount of The dividends
be reqUrsd rom the holder thereof pSRsr snaa
assessments otherwise, All payments ssments
received from. levied upon the other stockholders being
considered having been already paid by the holders said
reserved shsres BY Of the transfer assignment
unto said Company by said agent John r. MancO
Edward FOntane and JOhO Halliday Of their rights and
interests in ard TO said Patent styled Casson de Fen or
Improvement in Marine FoundaOnsn the right use
the same and 10 veDd it 10 Others o USE
acceptance of the above shares and the subscribing
their names TO these Articles Of Association shs imply
the part Of the said John p hanico Agent Edward Fon
tame and Jehn Halliday and they do hereby and
complete transfer and assignment
Corporation, Of all their rights and interests in the United
States of America in and the said discovery invention
entitled Casson de Fer" Improvement In Marine Foun
dsons the Letters Patent granted therefor 70 All future
improvement upon the same.