The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1906-03-28

natures are hereuntO affixed. who de-
clared unto me, notary, availing them
selves and for such other persons as
may become associated with them of
the provisions of the law OF the State
OF Louisiana, relative to the Organi-
cation OF corporations, they do by
these presents form themselves into
and constitute a corporation and body
polite for the objects and purposes
under the conditions and stipulatiOns
hereinafter set forth. which they
adopt as their charter, to-wit:
ARTICLE l..
The name and title of this corpora
ton shall be the Pelerin-DeC 1ouet
Furniture Company, Limited, and by
that name it shall have and enjoy sue
cessiOn for the term of n~inety-nlne
(99) years from and after the date
hereof, unless sooner dissolved: it
shall have power to sue and be sued;
to make and use a corporate seal n
break and alter same at pleasure: to
hold, purchase. lease, sell, hypOthe-
cate property, real, personal and
mixed: to name and appoint directors.
managers and agents, and to estab-
lish such rules and regulations for the
management of the business and at
fairs of said corporation as may be
necessary, and to change, alter or
amend the same at pleasure.
ARTICLE ii.
The dOmicile of, this corporation
shall be in the city of Lafayette. State
Louisiana. and all citations and other
legal process shall be served on the
President, or in his absence on the
Vice-president, or in the absence of
both. OF the Secretary.
ARTICLE III.
The object and purposes for which
this corporation is created. and the
nature of the business to be carried on
are hereby declared to be to manufac-
ture, buy and sell or TO buy and deal
in furniture, carpets. rugs, mattresses,
pillows, mating, shades, stoves,
ranges, heaters, sewing machines, and
house supplies of all kinds, including
the undertakers business and supplies
and to do and perform any and all
acts that may be incidental or neces-
sary to carry out the objects and pur-
poses of this charter.
ARTICLE w.
The capital stock of this corporation
is hereby fixed at the sum of Twenty
five thousand (S25, OOO) dollars, di-
vided into two hundred and fifty
shares of one hundred dollars each,
payable in cash or its equivalent.
The said corporation may commence
business when Seventeen thousand
five hundred ($17, 5OO) dollars of the
capital stock shall have been subscrib-
ed for. All stock subscribed for shall
be paid upon such terms and in such
manner as the Board of Directors may
determine. Any stakeholder who may
desire to sell his share or shares of
stock shall first give twenty days writ
ten notice to this corporation with the
refusal to purchase same. and no
transfer of stock shall be binding on
this corporation unless made after
said transfer is entered on the books.
ARTICLE V.
All the powers of this corporation
shall be vested in and exercised by a
Board of Directors, composed of four
stockholders, three of whom shall con-
stltute a quorum for the transaction of
business. The following named per-
sons shall constitute the first Board
of Directors: B. j. Pellerin, G.. H.
DeClouet, P. L. DeClouet, and G.. D.
Boudreaux, and the said B. j. Pei
lerin shall be President, the said G.
H. DeClouet shall be Vice-president,
the said G. D. Boudreaux shall be
secretary-treasurer. They shall hold
their Office until the first Monday in
February, nineteen hundred and sew
en-, or until their successors are
elected and qualified. On the first
Monday in February, nineteen hun
dred and seven, and annually there
after, there shall be a meeting of the
stockholders of the corporation to
elect a Board of Directors for the en-
suing year, which meeting shall be
called after ten days prior notice.:
said notice deposited in the mail pre-
pared and directed to the last address
of each stakeholder, as shown by the
books of the corporation.
At said meeting the Board of
Directors shall be elected by ballot,
and the majority of votes cast shall
be necessary to elect. Each share of
stock shall be entitled to one vote, to
be cast either in person or by written
proxy. A failure to hold the annual
meeting shall not cause a forfeiture of
this act of incorporation, but the
then directors shall continue to hold
their offices until their successors
shall have been elected and qualified.
Any vacancy occurring in the Board
of Directors may be filled by the
remaining directors. The Board of
Directors shall elect at it's first meet
ing one of their number to be presi-
dent and another to be vice-president.
They shall also elect a secretary and
a treasurer who need not be members
of the Board of Directors or holders
of stock. They shall have power in