The New Orleans crescent. [volume] (New Orleans, La.) 1866-1869, 1868-08-07
NAVIGATION IMPROyEME vt.
STATE OF LOUISIANA,

STATE OF LOUISIANA
Parish and City Of New Orieana !
BE 1T KNOWN that this l7th day Of July. year
sS iOfd one ~ ssh sessr s. ssa 1 and
ninety third before Andre. Hero yr, snotary public
a in n: Ss
Of the Illnesses herenser named and andergned
S csp. Sei 3
gkIIED STATES sAvIGArIoN IMPROVEMENT
this city incOors cd BY act passed before
:sSerSsa Who .s:r. declared sss, the provisions
Of section No Of Of the Legs OF the en
VOLS Of Public Improvement, Utiiyr approved March
~ S s
s9d ,tn meeting Of the S Of ,Ad
city on the s day o. July one tsousand eight hundred
and 0r The purpose Of .ltsng and amending the
ss S me sSssy OF =, s day az e Js.:
The represented therein arhs Of the
Capital Company. agreed and
Oempsny should be modified and changed
ARTICLE FIRST. -r.F
UNITED STATES NAVIGATION InPKOvEM sNT
S0kPAsY and the dOmicl thereof shall be the Giy Of
served on The Presdsnt OF the Corporation.
ARTICLE SECOND. ...f
Of The bars and toe protection Of the lsyees Of the
% MYERS snd he removal II OF the
formation Of solid foundations ghho lse. and
S Gs 3. Or y
meni in marine to.ndsiors for Witch p.tent has b.eu
and By he U"ited state. q %aees and II such OF
Rsa. :. as. on may
which the said Corporation acquire the right Of usng
ARTICLE THIRD.
The capital stock Of this corporation hereby Fixed at the
sum OF FIN MLLION DOLLARS, represented BY twenty
which onehaG viz Ten houssnd reserved and
aPs S. for the IN the following article
serieed and paid for at the times and the following
twenty dollars on each and every s6se Of stock
ive dos on each and every share there shall be paid ia
a. the nee q the ssd Company ave- successive nst.msnts
months. after tSs pubic motto. a have BEEN ssn
I.vspapsrs published ciy New Orleans And the
residue Of amount s each share viz o3e hundred
at the once Of said Company after years from the
days notice as The Board II Directors nay require
But should the Board Of years deem it
such residue they hereby authorized aud smpOs
sIed g Issue Cs5nsss Of Stoek as iu paid 70 ali such
No call shall any time be for more than Twelve
first isstsment Of zen per cent And should my stock
the lime such no % dS the Board Of 0r d
after thirty days notice in one and IL hat sHsSa
all and amount paid said stock shall be forfeited
may enfo &c be pay men Of the stock subscribed from such
Of the delinquent subscribers they iha deem advisable
ARTICLE FOURTH.
or the ten thousand shares Of the capital stock
and apart in the going article Thousand
Of the said Ca son de Fer o. in .rns foasds
20 ,as JsSa in the
Nance, twenty-five hundred shares: Edward Fontaine
.nd @ The s SoS
sand shares Of the ten thousand shares aforesaid,
shan be and oft he
be disposed Of By the Board Of Directors for such sps
that said stock shall disposed Of only BY
vote OF the entire Board Of Direc Said
the Ss Sn S
m be s.d Msneo Ponsns and Hssy s Of ss
rights and interests IN and 20 said patent styled
use ne and to being deemed su e
hcient consideration for said ten thousand shares
ARTICLE FIFTH. .e.cl
Anpowers the Corporation shall be vestei in Board
consisting of Eight Directors VINO shall esch at least,
ing elect one Of their own lumber President meet Of
the B through and As IT. Ta' s
have and enjoy .SS e. % sue and be
a pOrHts seal receive porchsse and
convey property for Of the said Corporation only
sNaS sss value Of the amount prS9ds
shall be made only on vote OF ase~ OIL
saia sssrd Of Directors shall appoint Secretary and al
SINE 81 pleasure az the salaries Of all officers Of the Corpo
uh bylaws proper management and regulation OF the
naicrisy Of the sad Board necessary or
also to elect sy 0sI sns ias sS
occur therein death sbsence or resignation or any other
cause. .,-rcrp Srvru
On the first Monday June Thousand eight hun
and sixty and annually ihersssr an election Of
day, shall be gwen newspapers paoli IN New Or
voes mon shall be sufficient elect such Directors
Each shsrshOder an @estings fss the election Of p
n,oIy 10 one vote on each share held BY
failure 70 elect Directors 81 b.a IN n S ~
hold over smother election 10 held o. which notice shat
b. given above provided cr and shall continue until az
''N''' ARTICLE SEVENTH.
An transfer of stock shall be Office Of said Com
pspy beck Of transfer TO be kept for that pose IN
set Of transfer asde by all the terms con
ditions and stPuatiors OF this act any ana All oe Iu
regulations laws made and adopted in thereof
ARTICLE EIGHTH.
CORPORATION shall be and continue for and during tn
presents for business As ;oOs as two tho,
sand shares Of the Capital stock sPecinea Areie
ARTICLE NINTH.
n. ,onouipe named Stockholders viz; John Davidson
ME- 3 Bisney, Charles Lesssps, William u. McLellS
Frank W. Seymour James ID Blair, Robert Roberts an
directors who their hrs nesting elect one OF the
nnmber As President the said Board shall unit
by their to elected as provided
Ai'e'0 ARTICLE TENTH.
The Board Of accept Professionally any pow
priv ege the Association BY any smendmen
Of he law under which the for ned By the adop
Of any new Legislature, or BY any act OF Co
press Of the United States Of America bat the hna scceE
nee Of any power privilege shall be determined BY
vote Of the majority amount Of the Stockholders
ARTICLE ELEVENTH.
The iquidati Of the affairs Of said Corporation At
termin.tion charter sooner determined upon
ia stockholders shall be conducted by three Sockh0ld'
dny elecud q majority in amount OF the StockhOders
meeting convened for that purpose after sixty days
yious aotce published in New Orlea
ME peiod liquidation and the amount OF their compen
len As also all privileges 10 be conferred upon 81
Fixed in such manner A. the said Ste'
: | holders may 9 such general meeting determine
ARTICLE TWELFTH.
Thu names Of the Stockholders their residences and
ssnetye number shares held by each for the press
TO be such subscribed 10 this act sAd oppos
the names each respectively. a,
wherefore the sppearers for themselves and IN
whom thew and for those who or may he
AZ be associated them do hereby covenant and az
md declare alf OF more than three ionrths OF
capital subscribed for and represented At snc9 neet