The herald., 1920-07-22
CHARTER.
vR OF LEONARD KROwER 4
CHAni son, INC.

rsaErER OF s dEoT IAE. hko"Ek a
"a states Of America. State of Lou
u Parish of orleans. Ilty OF NeW or'
psns If the month of July, in the year
enth Trssccpsand Nine Hundred and Twenty
one ns me Charles ROsen. Notary Pub
BeLoir commissioned and qualified in and
TX, oeH parish of Orleans, state OF Lou
for inc .harein residing and in the presence
i1ans illnesses hereinafter named and un-
81 tle persOnally came ana appeared,
dersieo,al persons, OF full age. whose
the s-s bereuntO subscribed. who sever
names Ae To- thar ayailing them selves of
ally &C. e. ~ this state. relative to the or
the n"sop Of such Corporations made and
Esnii,ssaS they do hereby constitute them
presesheir associates, successors ana as
s"s Corporation Tor 'n norS SSieG,S anna anna
pgrPoss.isa, of the following articles which
stiPI,san.sby adopt as their charter, tO-wit :
hey T9SICTE Ii The name and title Of
hcn,noration shall be: Leonard hrow"
said ccsvrporation shall be: Leonard hrower
son, Inc.
ne neriod of duration shall be nine
80 years from this date.
u-hines "a CorpOratiOn shall have for the
e f'the business to be carried on
PurYOsti the powers conferred by law upon
by nsations' and shall generally exercise
an w Said Corporation shall have full
buaneto contract. sue and be sued in it,
pow name: TO make and use a cor
colPsa seal and the same 10 break or alter
peIasaosure: to hold, receive. purchase, rent
a. a. ptherwise dispose OF pr2periy' real per,
~ VI and mixed: to issue bonds, notes and
senAi nhiigations: to name and employ
ethsi ,snagers directors. Officers, agents
sb,n ather employees as the interest ana
aha.aniepee of the Corporation may re
10. nd -Falh li-h NtFh hNr.
qune' niles and regulations for the man
hs.sspt and control of the business ana
sgsHi Of the Corporation as may be
nsnaned necessary or proper.
.prJcLE Ill The dOmicile of the
Annn,ation shall be in the City Of New
ovss Parish of Orleans State oil Lou
lsana.
n he served on the President. or in case
man HI absence or disability ON the
Sreretary.
,pTICIE III-The objects and purposes
a. which this Corporation is organized
"a the nature of the business 10 be car
~ IN by il are hereby declared to be:
nhuy and sell to manufacture, and to
~ and export jewelry, diamonds, pre-
nPO stones of all kinds. clocks and
s,ches novelties. sllverWare ana other
.s,es Of all kinds. and generally all ar
AIS of merchandise, whether at wholesale
~ sry and all things incidental TO or con
sseted with said purposes.
Article W.. The authorized CAPT
~ stock OF said Corporation is hereby de
si.,ed 10 be seven hundred aud fifty thou
.sns ls7J0,OO0.O0) dollars, consisting
zen thousand five hundred $500 shares
= The par value of one hundred $1,000
sslars per share, which said capital stock
shaIl be divided as follows;
One hundred and fifty thousand
gfsnOOOOO dollars, consisting of one
Wspsand five hundred u,5OO) shares of the
Mr value Of one hundred lSlOO.OO) dollars
=, share shall be preferred stock, and six
Kindred thousand (S6OO,OO0.OOD dollars.
seoSisting of six thousand 10000 shares
n ne par value of one hundred (SlOOOU
SsIars per share. shall be common stock.
4 Said preferred stock shall be entitled
n adherence and priority over all common
seek. to dividends in each and every year
Il the rate Of seven (1qd) per cent per an
nm, payable out of the profits or earned
surplus annually on the 10Th of March OF
sscb year, as declared by the Board of
nrectors Said dividends shall be cumula
five and shall be limited to seven (1PC)
MI cent per annum, and no dividend shall
4 paid on or set aside for the common
stock until all the dividends on the pre-
ieyred stock shall have been fully paid.
Ssd preferred stock shall have no voting
MFer 50 long as the dividends are not in
Default but in the event of said default.
ssd preferred stock shall have a like vOt-
ipg power with the common stock, that is.
ese vote for each share of stock. so long as
xid default continues. In the event of
he dissolution or liquidation of the Cor
porstisn and in any distribution of the as
etx Of said Corporation among the stock
hclders the par value of all the preferred
sieck legally issued and outstanding. shall
be paid to the holders thereof in full, with
An unpaid dividends before any payment
shall be made to the holders of the COM
mon stock
4 The Board of Directors may at any
tine out Of the profits or earned surplus
q aid business, retire all or any portion
Il said preferred stock upon giving to the
registered holder or holders thereof thirty
t9) days written notice by registered mail
10 the last address given to the Corpora
foa (which notice and delay may be
waived BY any such stockhOldeTl, upon
paying to the holders of said stock so re-
tired the par value thereof plus 1000, to-
gsher with all accumulated annual divi-
dends to the agreed dividends provided In
tbs charter, mp to the date of the redemp-
ton Of said stock, after which the divi-
deRds on said stock shall cease; said re-
tnpuon to be pro rata according TO the
sufxtanding stock.
The holders Of the Common Stock
Aall be entitled to the dividends to the ex
tent that same may be declared by the
heard Of Directors out of the net profits
q earned surplus after the payment of the
sgrsd dividends on the preferred stock.
um Of the Corporation after the payment