The herald., 1914-08-06
cERTIFIcAT1oN OF INCORPORATION

OF THE NEW ORLEANS SILICA BRICK
COMPANY.
State of Louisiana, Parish of Orleans, City
| of New Orleans.
Be II known, That this 10Th day of
| June, in the year thousand nine hundred
and fourteen, before me, Scott +. Beer, a
| notary public, in and for the parish OF Or.
| leans state of Louisiana, duly commissioned
and qualified, and in the presence of the wit
nesses hereinafter named and undersigned,
personally came and appeared the persons
whose names are hereunto subscribed, all
above the full age OF majority, who Severally
declared that, avaIllng themselves of the pro-
visions OF the laws OF the state relative to
| the organization OF corporations, they have
| formed and organized, and by these presents
do form themselves, and Of those whom they
represent, into and constitute a corporation
| and body polite in law for the objects and
purposes and under the stipulatons and agree
| ments hereinafter set forth and expressed,
| which they hereby adopt as their charter
Article 1.-The name and title of the cor
poIation hereby formed is declared to be NEW
| ORLEANS SILICA BRICK COMPANY.
Its domicile shall be in the city of New
Orleans, state Of Louisiana, and it shall have
and enjoy succession by its corporate name
| for a period of ninety.dine years from and
after the date hereof.
This corporation shall nave the power and
| authority TO contract, sue and be sued in its
| corporate name; to make and use a corporate
! seal; to hold, receive, hire and purchase real
\ and personal property, and to sell, mortgage,
| or pledge the same, and to borrow mony and
| issue bonds, notes and other obligations.
| All citations or other legal process shall
| be served upon the president, and, in the
event of his absence inability to act from
any cause; the same shall be served upon the
vice-president or secretary-treasurer.
Article 1.-THE objects and purposes for
! which this corporation is organized and the
nature of the business to be carried on by it
! are hereby declared to be:
| First-The purchase, manufacture, construc-
ton and sale of all kinds of building supplies,
| materials and structures, particularly the man.
ufacture of sand-lime or clay bricks, and
| other articles for building purposes, and to
| make all kinds of constructions that may be
| made of clay sand lime; the manufacture
| of concrete building blocks, stones, thing.
| poles, sidewalks, shingles and other articles
for building and ornamental purposes that
| may be made of concrete, and also for the
| erection OF buildings, tCnbstones and mauso-
| leums.
| Second-To purchase and own the rights to
| use patented processes, machinery, forms and
| devices for the manufacture of bricks, build
\ ing blocks, tile and other building materials,
| as may from time to time be deemed adviS-
| able in the conduct of the business.
Third-To own and operate sand banks and
| sand bars, gravel pits and gravel bars, to-
| gether with the necessary machinery appli-
ances. boats, tugs, barges, steamboats, and
| other transportation facilities.
| Fourth-To purchase and dispose of business
plants similar or incident to the purposes
| for which this corporation is roganzed. To
| act as agent for the purchase and sale of any
or all of the articles hereinbefore described
| or similar thereto.
| Fifth-To do any and all other things neces-
| sary for the conduct of the business above
| set forth, and provided such acts are not in
conflict with the laws Of the state of Louisi-
| ana or of the United States of America.
Article III.-The capital stock of this cor.
po-ation is hereby fixed at the sum of $780,
900. divided as follows:
There shall be 1000 shares of common
stock of the par value of $40 per share and
| 10000 shares of preferred stock of the par
| value of $40 per share.
| The preferred stockholders shall not be en-
titled TO any voting power in the corporation
except as to the directors. who shall repre-
sent the said preferred stockholders on the
| board of directors as hereinafter set forth.
The preferred stock, or any part thereof, shall
| be subject to redemption at the option of the
| corporatio at any time after the lst day of
January 1920, at the price of $3.50 per share,
| and the amount of the dividends accumulated
| and unpaid thereon at the date of redemp-
| ton; said redemption shall be made in such
| manner and in such proportion as the board
| of directors may determine. No dividend
| shall be paid to holders of common stock on
| that stock until there shall have been set
| aside in the treasury from the earnings a
sum sufficient to pay the dividend of 7 per
on the preferred stock for period of two
years following any dividend period. Said
/ fund so set aside shall not be lent to the
| corporation used for any purpose without
| the consent of the majority of the directors
representing the preferred stockholders.
| The preferred stock shall first be paid the
guaranteed dividend of per cent per annum,
| after which there shall be set aside from the
| earnings of the company sum sficient to
pay the guaranteed dividend of per cent per
| annum for a period of two years; following
which the preferred stocs shall participate In
any further earnings TO the extent of Is per
cent OF the total amount Of the dividends to
be declared on the common stock.
Ii is provided that no mortgage shall be
placed upon the plant without the affirmative
vote or consent of a majority of directors
representing the preferred stock.
This corporation shall commence business as
soon as 5000 Of its capital stock shall have
been subscribed for.
Article IV.-All the corporate powers of thi.
corporation shall be vested in and exercised
by board of directors, composed of not less