The herald., 1920-08-19
CHARTER.
OF LEONARD KROwER a
6kkIb sON. INC.

OF LEONARD kRoWER a
oisfh son. INC.
,..,ss Of America, State of Lou
ruIted e.sb Of Orleans, City OF New Or
.sna fhiis tnoyn, That on this, the sew
as BE the month Of July, in the year
% day oand Nine Hundred and Twenty,
oss ip Charles ROsen, Notary Pub
before m.u,,missiOned and qualified in and
n duly vvar;sh of Orleans, state OF Lou
b the hsrein residing anu IN the presence
sispa, tn,sIosses hereinafter named ana un-
Jthe wlthnarsonaliy came and appeared,
rdgDed, nsrsons, of full age, whose
n severn sreunto subscribed, who sever
smes are nS that availing themselves of
~ tecas This state. relative TO the or
h bssa NJ such Corporations maze ana
sri.ssutsv" they do hereby constitute them-
assSfiia1esf for Tuf the Objects and md
|drps, md under the conditions and
|arposes N the following articles which
| npuhuoS sdopt as their charter, to-wlt
| bey berepE II The name and title OF
1 IRTlCL,stion shall be: Leonard hrower
"a corporaliOA
s0n, sriod of DURATION snail De nsne-
IH Ears from this date.
rrinss "A Corporation shall have Tor the
of the business 10 De carried on
sfposes ~ noyers conferred by law upon
| h II az u and shall generally exercise
pofaorers necessary TO carry on said
d the said Corporation shall have full
Dssness. ecntract, sue and be sued in its
pTef name. 10 make ana use a cor
prpeiaae. and the same TO break or alter
ysfsk ,n,e. 10 hold, receive. purchase, rent
4 psssn,sise dispose of property, real, per.
md mixed; TO issue bonds, notes and
sDil sI hJ,,Sstions: to name and employ
| sbd nsgers, directors, officers, agents
nth ma employees as the interest and
| I'D oIanco OF the Corporation may re
rlFe1ieS 10 make and establish such by
| cure; sI and regulations for the man
SIS and control Of the business and
of the Corporation as may De
i1assd necessary or proper
~.pTI4,E IL. The domicile Of the
,ls.sa,ation shall be IN the Clty OF New
s Ems Parish Of Orleans State Oh Lou
sIna. 49, loo, ,-ooo.,
o. served on the President. or in case
nsn ~ absence or disability on the
sfetary.
hih,ch this Corporation is organized
~ nature of the business to be car
~ -. an nv II are hereby declared to be:
90 ~ ana sell. to manufacture, and to
w and export jewelry, diamonds, pre-
w. ~ stones Of all kinds, clocks and
~ r..sss novelties, sllverware and other
n ". a. ali kinds, and generally all ar
~ AZ merchandise, whether at wholesale
- raj In this State or elsewhere, and TO
70 and ali things incidental to or con
I'D with said purposes.
,pTJCIE W.. The authorized capt.
i s,sck Of said Corporation % hereby de-
- "a be seven hundred and fifty thou
~ s75O, OO0.00l dollars, consisting o
IN tbousasd five hundred $500 shares
! he ar value of one hundred (SlOO.W
az, ner share, which said capital stock
an Ne divided as follows:
:. One hundred and fifty thousand
sn0oOOl dollars, consisting of one
lend five hundred Q,5O0) shares of the
y ,,Iue of one hundred (Sl00.O0) dollars
: .bs,e shall be preferred stock, and six
r.S,sd thousand 5000. 100000 dollars.
,asisting Of six thousand 10000 shares
m psr value of one hundred $4,000
slsr, per share, shall be common stock.
, said preferred stock shall be entitled
nrference and priority over all common
~ IA dividends in each and every year
'.n payable out of the profits or earned
rplus annually on the 18th of March of
II year, as declared by the Board of
1,rertcrs. Said dividends shall be cumula-
s,s and shall be limited to seven (1%o)
~ cent per annum, and no dividend shall
4 raid on or set aside for the common
81 until all the dividends on the pre-
md stock shall have been fully paid.
"a preferred stock shall have no voting
ave- 10 long as the dividends are not in
E,uh but In the event of said default,
| IA preferred stock shall have like vOt-
N power with the common stock, that is,
| M vote for each share of stock, so long as
ID default continues; In the event of
| N dissolution or liquidation of the Cor
rutisb, and in any distribution of the as
| "a 81 said Corporation among the stock
ba3efs the par value of all the preferred
| rock legally issued and outstanding, shall
y paia to the holders thereof, in full, with
| N unpaid dividends before any payment
| lAsE Be made to the holders of the com
non stock.
The Board Of Directors may at any
' tine out Of the profits or earned surplus
aid business, retire all or any portion
4 aid preferred stock upon giving to the
rgist9ed holder or holders thereof thirty
1| days written notice by registered mail
| b the last address given to the Corpora
4 im (which notice and delay may be
sasd by any such stockholder), upon
| rying to the holders of said stock so re-
| tired the par value thereof plus 1901, to-
| r<hg with all accumulated annual divi-
lnds 10 the agreed dividends provided in
| th charter, up to the date of the redemp-
| han Of said stock, after which the diyi-
/ tssds on said stock shall cease; said re-
anpdon 10 be pro rata according to the
STANDING stock.
The holders of the Common Stock
| fal be entitled to the dividends to the ex-
/ nj that same may be declared by the
hxfd Of Directors out of the net profits
rurned surplus after the payment of the
l'ed dividends on the preferred stock.
/ he event Of the dissolution or liquida-
~ Of the Corporation after the payment
he debts Of the Corporation and the
rynut In full Of the par value of all the
ftere1 sock legally issued and out
ksdlns together with all accumulated
uplt s;idenas thereon, the entire re-
hinder y said assets of said corporation
ash Be divided among the holders of the
sEnen stock legally issued and outstand-
proportion to their respective
All voting power of the Corporation
neept 40 herein above specially provided).
al De vested exclusively in the common