Industrial Niagara 



addition thereto; and they do hereby, for themselves and their 1857 

 successors and assigns, enter into the following covenants and 

 agreements, to wit: 



Article I. 



Sec. 1 . The name to distinguish the Company, and to be 

 used for its dealings, shall be " The Niagara Falls Water- 

 Power Company." 



Sec. 2. The objects for which this Company was formed, 

 are for carrying on such manufacturing, chemical and mechanical 

 business as may be carried on and conducted by means of water- 

 power to be obtained from the water of the Niagara river, 

 immediately above the great cataract, at the village of Niagara 

 Falls in the State of New York; and also, the construction of a 

 suitable and sufficient navigable hydraulic canal with its gates, 

 bridges, wharves, and other appurtenances, including the opening 

 and improving the shore and channel of Niagara river as to 

 navigable width and depth, so far as the same may be necessary 

 for the purposes aforesaid, together with the exercise of all such 

 other powers as are or may be connected therewith, or incident 

 to the conducting of the business of the said Company, in con- 

 formity to the aforesaid act of the Legislature, and several other 

 acts supplemental or amendatory thereof. 



Sec. 3. The amount of the capital stock of the said Com- 

 pany shall be Five Hundred Thousand Dollars, with power to 

 diminish the same or increase it to any amount not exceeding one 

 million of dollars, and also to extend or change the business of 

 the Company in the manner provided by law, subject to the pro- 

 visions of the act aforesaid. 



Sec. 4. The term of existence of the said Company, shall 

 be fifty years from the date hereof, unless sooner dissolved 

 according to law. 



Sec. 5. The capital stock of the said Company shall con- 

 sist of five thousand shares, and each share shall be of the sum 

 of one hundred dollars. 



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