1753, Paris, France. One share. Black. Lovely vignette of Neptune pouring out the waters of the Durance river. Ornated partly-printed text. This company was formed in 1751 to control the waters of the Durance which were often at flood stage levels due to the snow melt of the Alpines. It was hoped that , in addition to controlling the often wild Durance, it would provide water for irrigation during the dry Provencal summers. Named after the legendary statesman, Cardinal Richelieu, it was enthusiastically supported by King Louis XV. Unfortunately, the company’s costs greatly exceeded its ability to raise capital and the project was discontinued. A choice, early French stock. Uncancelled and in Excellent condition - couple of places with minor mounting tape residue on verso.
