If so, an incidental result (even desirable) that a shareholder lost his majority, or a takeover bid was defeated would not itself make the share issue improper.
It was also revealed that the club had 17 million pledged from the share issue via business investors, and an aim to raise a further 10 million investment from supporters.
Despite erratic orders the company expanded rapidly; by 1856 a second share issue doubled the capital of the company, the same year the company's revenue was 7 million francs.
Parliament allowed the additional debts to be taken for the work to continue, by completion the total share issue was 6,000,000 and the loans 3,500,000.