The herald. [volume] (New Orleans, La.) 1905-1953, 1920-08-05
CHARTER.
80, OF LEONARD KROwER &
uABlD SON INC.

,-xR OF LEONARD kRoWER a
s.stes Of America. State of Lou
rrifeq Ssh Of Orleans, city of New Or
,ispa, r. Il known. That on this, the sew
| in1f ~ the month of July. in the yeaI
- eSy. "a Nine Hundred and Twenty
~ Charles Rosrn. a Notary Pub.
Be1or ns,,,rnissioned and qualified in and
| f. d1H pn.rish of Orleans, state of Lou
NJ nc .h.r,iu residing aud m the presence
u1b4, 1s.esses hereinafter named and I'M
tm personally cam ana appeared
1fdg 1s., persons, of tuil age, whose
q sferh sreunto subscribed. who sever
rnet az s.ad that ayailinS themselves of
~ - This state. relative TO the or
= hs AZ such Corporations made and
oninS they do hereby constitute them
fpsioess eir associates, successors ana as
eves Evaporation for the OBJECTS and
as and under the editions and
/npcees N the following articles which
<punnoohv adopt as their charter, tO-wit :
[rHs nslsTpf II The name and title of
ARiis.aration shall be: Leonard hrower
scn. Inc
,,s period Of duration sIali DE nfne-
" Years from this date,
4-nine "a CorporatiOn shall have for the
3 81" - The business 10 be carried on
|Pfpsn the powers conferred by law upon
narstious, and shall generally exercise
/Qfpv navers necessary u carry On said
nc csid CORPORATION shall have full
Uane contract, sue aud bC sued in its
&c., name; to make and use a cor
/&PcH-al and the same u break or alter
800 to hold, receive, purchase, rent
flsaayxise dispose of property, real, per
m mixed; to issue bonds, notes and
~ ablirations; TO name and employ
- vasgers directors, officers, agents
- et lanee on the Corporation may re
.u> snd 10 make and establish such by
(AN -riss and regulations for the man
rsts and control of the business and
~ the Corporation as may be
.ln.sd necessary or proper.
.sr1cIE Ill. The domicile of the
na-sfion shall be in the City of New
.siyrss Parish of Orleans, State OF Lou
An citation and other legal process
n - served on the President, or in case
Ne absence or disability on the
Srtsry.
| .,r;cIE III-The objects and purposes
= rbIch this Corporation is organized
Z, ~ nature Of the business to be car
"a an by II are hereby declared to be:
INV and sell. to manufacture, and to
rr.sr and export jewelry, diamonds, pre-
-. sfopes of all kinds, clocks and
51..sses novelties, silverware and other
: - n all kinds. and generally all ar
80 Al merchandise, whether at wholesale
-<.,sil IN this State or elsewhere, and to
Z ssv and all things incidental to or con
~ with said purposes.
/ ,pTIcLE W.. The authorized CAPT
/ 4 ssek Of said Corporation is hereby de
- Ia be seven hundred and fifty thou
~ 0750O0000) dollars, consisting o
- thousand five hundred $500 shares
Z 10 par value Of one hundred $4,000
r,rs per share, which said capital stock
IN Be divided as follows:
:. One hundred and fifty thousand
<10000) dollars, consisting >of one
6unpd five hundred u,JoOl shares of the
9 rhare shall be preferred stock, and six
1870 thousand $500. 000.00) dollars.
-ssffiug Of six thousand (6,000) shares
AN mar value of one hundred $4,000
/ Tsn pes share, shall be common stock.
&. Said preferred stock shall be entitled
soreference and priority over all common
~. To diyidends In each and every year
4 ~ rate Of seven (79o) per cent per an
=. payable out of the profits or earned |
q year, as declared by the Board of |
|1ctsfs. Said dividends shall be cumula-
- and shall be limited to seven (7Go) |
|rknt per annum, and no dividend shall |
4 Md on or set aside for the common |
M until all the dividends on the pre-
|fsl stock shall have been fully paid. |
IN preferred stock shall have no voting |
'np6 y long as. the dividends are not in |
|1fnk but In the event of said default, |
~ pr.efred stock shall have a like vot- |
~ De9e with the common stock, that Is.
~ Ne for each share Of stock, so long as /
Ia ddault continues. In the event of |
~ 1Dolution or liquidation of the Cor
|E111a. and In any distribution of the as
- 4 MD Corporation among the stock
111D he par value of all the preferred
ri ke1lly issued and outstanding, shall
y ~ b the holders thereof, in full, with
y uCnN dividends before any payment
~ y made to the holders of the COM
~ Board Of Directors may at any
- - Of the profits or earned surplus
=. teliness, retire all or any portion
- pr9nred stock upon giving to the
1uEe1 holder or holders thereof thirty
~ IN written notice by registered mail
4 y ~ address given to the Corpora
y (u1lch notice and delay may be |
~ ~ any such stockholder), upon
~ y Ne holders of said stock so re-
\ - ~ value thereof plus 1907, to-
~ M al accumulated annual divi-
- y ~ agreed dividends provided in
04t up to the date of the redemp-
q M stock, after which the divi-
- aid stock shall cease; said re-
Be pro rata according to the '
2fIns stock.
~ helders Of the Common Stock
0udfled to the dividends to the ex-
s9mc may be declared by the |;
Directors out of the net profits
nrplas after the payment of the
9E1oends on the preferred stock.
0Ht ef the dissolution or liquida-
Evaporation after the payment {