The herald., 1920-07-29
CHARTER
OF LEONARD KROwER 4
"a iRlb son. INC.

-. oF LEONARD kROWER a
cHiki son, INC.
c,ates Of America, State of Lou
Upiteg s,;Sb of Orleans, city of New Or
;sspa ns e. known. That on this, the sew
ssns DC the month Of July. in the year
sstb es!!rSand Nine Hundred and Twenty.
0pe Charles Buseu. a Notary Pub
BeioIe dnnm,nissiOned auu qualified in and
h. GUY parish Of Orleans. state Of Lou
bf inc ,berein residing ana III tie presence
tjana' tII..nesses hereinafter named and un-
4 the WI personally cam" and appeared
Srdgneo, Poersous. OF full age. whose
As seveIaih areunto subscribed who sever
1spes ae ID that availing themselves Of
aly 1e, &C. ~ this STATE. relative 10 the or
De avn Of such Corporations made ana
saBifsti9" ,bey do hereby constitute them
s,orided, t ..ssnriatrs SUCCESSORS and as
slFes' 'CorporatiUn for the objects and
agDs, and under tIp conditions and
vsfpeses, nf the following articles which
,dpuiAnIOhy adopt as their charter to-wlt
be- nSirSIE IL The name ana tltle OF
lkLi'Sooration shall be. Leonard krower
Son, Inc.
ns Ears from this date.
u-nlnss "A COrpOratiOn shall nave for the
sAu the business to be carried on
ysrpesT he nowrrs conferred 10y law upon
g nn,ions and shall generally exercise
WfPol nowers necessary 10 carry on said
81 us said Corporation shall haN" full
nsS 20 contract, sue ana be- sued in it,
Fsa.ate name: 10 make uud use cor
We seal and the same q" pl,"h OF aier
Ffas's.sa,e. 10 hold, receive. purchase. rent
d praise dispose Of property, real, per
Nnt,T MIXED: to issue bonds, notes and
sna enSBgatiOus. to nam" and employ
aDa managers, directors. oIflreTs, agents
SCI ,ssr employees rs th" interest and
ins,a"ience Of the Corporation may re
pn'ehnnd 70 make and establish such by
esr' .nes and regulations for the man
bss and control Of the business and
iseI of the Corporation as may be
iiula,nsd necessary or proper
nr,cLE Ill The dUmiCile of the
4ha.,ation shall he in the city of New
ls'p ."s Parish of Orleans, State of Lou
An citation and other legal process
N no served on the President. or in case
NJ absence or disability on the
Scretary.
,prICLE III.-The objects and purposes
which this Corporation is organized
re nature of the business 10 be car
"a an NV IL are hereby declared to be-:
= Inv and sell. to manufacture, and to
W. and export jewclry, diamonds, pre-
w. ". stones of all kinds, clocks and
oo.,shss novelties, SIlyerware and other
"a AZ all kinds, and generally all ar
- - AZ merchandise, whether at wholesale
sl. .',Sil In this State or elsewhere, and TO
z nv and all things incidental to or con
I'D with said purposes.
,pTTCLE W. The authorized CAPT
Il stock OF said Corporation is hereby de
80 10 be seven hundred and fifty thou
'A.S $40 OOO.0O) dollars, consisting
.ssa thousand five hundred C7,jOO) shares
me BAR value Of one hundred tSlOOOu
srsrs per share, which said capital stock
AN be divided as follows:
= One hundred and fifty thousand
raO0OO0) dollars, consisting of one
ssrssnd five hundred 1900 shares of the
:, value of one hundred (SlOOOO) dollars
:, snare shall be preferred stock, and six
r,dred thousand (S6OO,OOO.OOD dollars,
s.sJsting of six thousand 10000 shares
the par value OF one hundred (SlOoUJ
hlsrs per share, shall be common stock.
1 Said preferred stock shall be entitled
adherence and priority over all common
~. 10 dividends in each and every year
the rate Of seven Tc6) per cent per an
IN payable out of the profits or earned
urplus annually on the 18th of March OF
Al year, as declared by the Board of
I6rpctors. Said dividends shall be cumula
h, and shall be limited to seven (7Gt)
M cent per annum, and no dividend shall
paid on or set aside for the common
til until all the dividends on the pre-
Erred stock shall have been fully paid.
Sid preferred stock shall have no voting
mgef 80 long as the dividends are not in
bhult, but In the event of said default.
IA preferred stock shall have a like vot-
rr power with the common stock. that is,
az vote for each share of stock, so long as
"a default continues. In the event of
m dissolution or liquidation of the Cor
vortisn, and In any distribution of the as
~ Of said Corporation among the stock
hodsrs, the par value Of all the preferred
tock legally issued and outstanding. shall
v paid to the holders thereof, in full, with
II unpaid dividends before any payment
hall be made to the holders of the com
non Nock.
1 The Board Of Directors may at any
time out Of the profits or earned surplus |
d mid business, retire all or any portion |
Il nid preferred stock upon giving to the |
registered holder or holders thereof thirty |
pl days written notice by registered mail |
% the last address given to the Corpora |
Ion which notice and delay may be |
waived by any such stockholder), upon |
aging to the holders of said stock so re- |
tred the par value thereof plus 1907, to- |
rthef with all accumulated annual divi- |
issds 10 the agreed dividends provided in |
a. charter, up to the date Of the redemp-
bon Of said stock, after which the diyi- |
ishds on said stock shall cease; said re-
tnpuon to be pro rata according to the
xtstandiag stock.
s The holders Of the Common Stock |
hill Be entitled to the dividends to the eX-
mt that same may be declared by the
strd Of Directors out of the net profits
warned surplus after the payment of the
greed dividends on the preferred stock.
ne event Of the dissolution or liquida-
no the Corporation after the payment