User:Robertg9/Klareco Textile

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, 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. Klareco Textile was a part of the Silk Centre which opened in Manhattan (New York) in 1924.