The herald., 1920-08-12
CHARTER.
OF LEONARD KRoWER q
aAR1Bh sON INC.

.vrgR OF nc
~ America. State of Lou
ruited osInh Of Orleans, city OF NeW or-
Ina Parisn Oown. That on this. the sew
ans BE che month of July, IN the year
,stb dayssnd Nine Hundred anu A"en'S'
one TnOu Charles Rosen, Notary fuo,
BeioiTs commissioneed anu State of Lou
a. the ram residing and in the presence
sdana, tneIeIses hereinafter named anu un-
4 tie WI. hnersonally came anu aPpehieu'
Hrsigneo,,s persons, OF Iull aSg' "a,,or
ne sewers bereunto subscribed, VINO sever
.smes are nS that ayailing themselves OF
IN declaIee ,bis state. relative 10 the OF,
a. laws Oh such Corporations mace anu
apisation ,Ssy do hereby constitute ,nen-
rovidetts their associates; sut ,be obiects and
Seps, CnS under the conditions ana
,urposes, an ~ the following articles Whlch
sipulanops edopt as their charter to,"ll
DE, SeIrsILE IL; The name en ana K r
AIkCIorporation shall De- heOH"iU
Z Son, Inc. ., duration rnall De n,ne-
Jus ears from this date. g. 49,
v.uine yearornoration shall have Tor the
Ssio tba business to be carried on
ourposes OF nnwers conferred by law upon
~ II s al an and shall generally exercise
corpl movers necessary 10 GaII! on ely S,,ii
81 me said Corporation shall nave iull
budness. ssnntract, sue and be sued in its
power 10 nne. TO make and use cor
eorpora.ss and the same to break or after
perste &c. 10 hold, receive. purchase' rem
hp,sssrvise dispose OF pr9perty' p reaa, PT nd
or otherS mixed: to issue bonds, notes ana
sopsl any ,,t,ations: TO name and employ
Otber opnseSers, directors, officers, agents
such nnr employees as the interest ana
sd oL Iance OF the Corporation may re
eOnyenlenSS' ~ make and establish such by
ouire; anu !" rJ regulations for the man
hws, rules control OF the business and
agenens the Corporation as may De
sfalla necessary or proper
seen r,cqr Ill The dOmicile OF the
Akiation shall be in the tlty OF new
oo oIpvs Parish Of Orleans o'a'e VI i-0u
IsaDa. 49,, o,bo- Local nrocess
An ,xad on the President, or in case
shai Us absence or disability on the
secretary. ,,.,,,,o.
Ahiih;cb this Corporation is organized
ff re- nature of the business 10 De car
ana I an by il are hereby declared TO be
ned On and sell, to manufacture, ana TO
TO gu! I'd expOrt jewelry, diamonds, pre-.
import I an of all kinds, clocks and
doos novelties. sllverware and other
Sse ~ all kinds, and generally all ar
s,SIes Of merchandise whether at whoIe G to
OF rela "a ali things incidental to or con
ooSoetpd with said purposes
pnT,CIE W. The authorized CAPT
nn,ack of said Corporation Is hereDy ue-
ml ~ % he seven hundred and flfty thou
e InS $3.50 OO00O) dollars, consisting o.
aha tSousand five hundred 5000 shares
~. .h. nsr value of one hundred (SlOO.Ou
o. Iu une ner share, which said capital stocB
sSsIl he divided as follows:
Ono hundred and fifty thousand
.oSGOO TN dollars, consisting or one
Snssnd five hundred II BOOB shares OF th'
sossIne of one hundred ($lOO.UOJ dollars
par 'sn-s shall be preferred stock, and SiN
Pel s.ad thousand $500 000OOD dollars
nusts,iry of six thousand (6,O0O) shares
:, he mar value of one hundred (slUO.oo
SolIars Der share, shall be common STOCK
said preferred stock shall be entitled
IA preference and priority over all coIlliloi
s,ork 10 dividends in each ana every yea
:, The rate of seven (7GG) per cent per an
snm nayable out of the profits or earhe'
sSrplus annually on the 10Th or March o
sseb wear. as declared by the Board o
I,.aetars Said dividends shall be cumula
.,ra md shall be limited to seven (IFc
~, cent per annum, and no dividend sha
Maid on or set aside for the commO
stock until all the dividends on the pre-
,s,red stock shall have been fulIy pal'
ga nreferred stock shall have no Notln
soWer so long as the dividends are not !
ssssnlt hut in the event of said detaul
aid preferred stock shall have a ike No'
inc power with the common STOCK, that l
sps vote for each share of stock, so long !
ss,d default continues. In the event I
NJ dissolution or liquidation Of the COZ
narstisn, and in any distribution OF the ~
sats Of said Corporation among the stocI
holders, the par value of all the preierrt
stock legally issued and outstanding, shh
No naia to the holders thereof, in full. VII
ali unpaid dividends before any paymel
shall be made to the holders Of the con
mon stock.
The Board Of Directors may at al
tine out Of the profits or earned surpi,
az said business. retire all or any porto
At aid preferred stock upon giving 70 u
registered holder or holders thereof thirl
lSN DAYS written notice by registered ma
IA the last address given to the Corpor
lion (which notice and delay, may
waived by any such stocRholuerl' up
having 10 the holders of said stock SO ,
tred the par value thereof plus 1870, I
eether with all accumulated annual dlN
dends TO the agreed dividends provided
this charter, up to the date OF the redem
ton Of said stock, after when the III.
dends on said stock shall cease; SAID
Semption TO be pro rata according to t
outstanding stock.
x The holders of the Common Sto
shall be entitled to the dividends TO the Q
tent that same may be declared by I
Board OF Directors out of the net protl
| or earned surplus after the payment OF |
agreed dividends on the preferred stoI
In the event of the dissolution or liquid
ton Of the Corporation after the PAYNE
q the debts Of the Corporation and
payment in full of the par value of all I
preferred sock legally issued and OF
standin. together with all accumulat
unpaid ss.y,dends thereon, the entire !
mainder u said assets OF SAID Corpora'i.
shall be divided among the holders OF
common stock legally issued and outstan
ing. in proportion to their respecu
holdings.
g. All voting power of the CORPORATE
Except as herein above specially provide
| shall be vested exclusively in the comm