The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1915-05-15
CHI A r II E. r.
Boudreaux Furniture Com
pany, Inc.
OF.

BE it Known That on this, the eleventh
dav of the month of March, in the
wear of our Lord Nineteen-hundred and
fifteen.
Before me, Paul Kramer, a Notary
Public. duly commissioned and quail
fed within and for the Parish of ST
Mary. State of Louisiana, and in the
presence of the witnesses hereinafter
named and undersigned, personally
came and appeared the persons whose
names are hereuntO subscribed, all 0!
full age of majority aud all residents OF
the Parish of St. Mary, State OF Louis
lana, who severally declared that, avail
ing themselves of the provisions OF the
Act of the Legislature Of this State. be-
ing known as Act No. 267 OF the SEES
sion Acts of 1914, they do, by these
presents, covenant and agree and bind
themselves, as we'll as such other per-
sons as may become hereafter assocla-
ted with them, in order to form and
constitute corporation or body polite
in law, for the objects and purposes,
and under the stipulati0ns following,
tO-wit:
ARTICLE I.
The name and title of this corporation
shall be BOUDREAUX FURNITURE
COMPANY, INC, OF Franklin. La,
and it shall have and enjoy succession
and existence for u period of ninety
nine years from date hereof.
II shall have. enjoy and possess all
the powers, rights and privileges and
immunitles accorded to corporations
under the law
ARTICLE II.
The domicile of this corporation shall
be in the Town Of Franklin, st. Mary
Parish, Louisiana, where all citations
and other legal processes shall be served
up0n the President. and in case OF his
absence upon the Vice.President. and
in case of the absence of the Vice-Presi-
dent, upon the Secretary or Treasurer
thereof
ARTICLE III.
The objects and purposes for which
this corporation is organized, aud the
nature of the business TO be carried on
by it are hereby declared to be: to pur-
chase and acquire the stock in trade.
accounts, good will, and general bust
ness of any mercantile business that it
may desire, and to carry on and con-
duct q general merchandising, furniture
household furnishing business. wherever
1t may desire, with power to buy, sell
and exchange all classes of goods.
wares, and ercEabdise, etc and to.
il desired, operate in connection there
with q wholesale and jobbers business
in such line or lines as it may desire to
handle; and to open such branch stores
~ it may desire; and in the inter-
est of such business to make such
advances as are required; aud to carry
out the purpose hereof, it shall have the
power to purchase and acquire real es-
tate, erect buildings thereon. lease, let
and rent same, and to receive security
by way of mortgage and pledge, or in
any other manner, and to borrow money
and to issue notes and secure the same
by mortgage, pledge or otherwise; and
generally to do all things necessary and
proper pertaining or incident to such
business.
ARTICLE Nv.
The capital stock of this corporation
is hereby declared to be the sum of Ten
Thousand (SlO, 900. OO) Dollars, divided
into one hundred (l0O) shares of the par
value of One Hundred (sl0O.OO) Dollars
each; and this corporation shall be ope-
rative and 60 into business and become
going concern when Five Thousand
S5.OOO.OO) Dollars Of its capital stock
shall have been subscribed and paid for
to-wit, at the execution of these pres
eDts. No transfer of stock shall lie
binding upon this corporation unless
same appears on the hooks thereof,
transfers only to be made upon the sur.
render Of the certificate of stock and by
or under the direction of the President
and Secretary of this corpora ton.
No stockholder shall have the right
to assign or transfer any share or shares
held by him unless he sLall have first
offered same in writing to the Board OF
Directors, which will have the right to
purchase same within ten days there.
after, at the valuation determined by
the Board; and in case of dissatisfac.
ton rs to the price the matter shall be
arbitrated, one arbitrator with powers
of amicable compounders to be appoint.
ed by each side, and an umpire TO be
selected by those two, who shall take
oath, and whose decision shall be final
And all shares of stock, when 90 pnr.
chased may be reissued at not less thar
par value.
ARTICLE
/. The corporate powers of this corpo
ration shall be vested in a Board 0,
Directors to be composed of not more
than five (5) stockholders, and not les'
than three 81 stockholders. two Of
whom shall constitute a quorum, sale
directors to be elected at a genera
meeting, to be held on the secont
Tuesday in the month of July, eacl
year. No person shall be eligible as
director unless he owns in his own nam,
one IN share, full paid. Of the capita
stock.
2. The Board of Directors shall hav,
the power 10 make all bylaws, rule.
and regulations necessary for the con
duct Of the business affairs of said cor.
poration; shall elect from their numbe
. President, Vice-President, Secretary