Klareco Textile was a fabrics firm located at 295 Madison Avenue (Manhattan). Its initial capitalization was one hundred shares of common stock. Incorporated on December 31, 1931,^[1] its capitalization was increased from one hundred to one thousand five hundred shares, approximately three weeks later. Five hundred of these shares were preferred stock, selling for $100 apiece. One thousand shares were no par.^[2] Klareco Textile was a part of the Silk Centre which opened in Manhattan (New York) in 1924.^[3]

[edit] References

1. ^ New Incorporations, New York Times, January 1, 1932, pg. 55.
2. ^ Corporate Changes, New York Times, January 22, 1932, pg. 36.
3. ^ A $1,000,000 Sale, New York Times, April 23, 1924, pg. 36.