The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1915-04-24

Or
Boudreaux Furniture Com

PARISH OF ST. MARY.
Be it Known That on this, the eleventh
day of the month Of March, in the
year of our Lord Nineteen-hundred and
fifteen.
Before me, Paul Kramer, 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 OF
full age of majority and all residents Of
the Parish of st. Mary, State of Louis
Jana, 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 assoCia-
ted with them. in order to form and
constitute corporation or body polite
in law, for the objects and purposes,
and under the stipulations following,
to.wit:
ARTICLE
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 a period of ninety
nine years from date hereof.
II shall have. enjoy and possess all
the powers, rights and privileges and
i9munities accorded to corporations
ARTICLE II.
Tho 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
upon 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 1t
may desire, and to carry on and con-
duct q geperal merchandising, furniture
household furnishing business. wherever
it may desire, with power to buy, sell
and exchange all classes of goods,
wares, and merchandise, etc, and to.
il desired. operate in connection there.
with Wholesale and jobbers business
in such line or lines as il may desire to
handle; and to open such branch stores
- il may desire; and in the inter.
est of such business to make such
advances as are required; and 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
The capital stock Of this corporation
10 hereby declared to be the sum of Ten
Thousand (slO, OOO OO) Dollars, divided
into one hundred (10O) shares of the par
value Of One Hundred ,3l00.00) Dollars
each; and this corporation shall be Ope-
rative sid 60 into business and become
going concern when Five Thousand
(o6, OOO.00) Dollars of its capital stock
shall have been subscribed and paid for
tO.wit, at the execution of these pres
epts. No transfer of stock shall he
binding upon this corporation unless
Sane appears on the books 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 corporation.
No st0ckholder shall have the right
:. to assign Or transfer any share or shares
held by him unless he shall 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 ~ to the price the matter shall be
arbitrated, one arbitrator with powers
Of amicable cOmp0unders to be appoint
ed BY each side, and an umpire TO be
selected by those two, who shall take
osth, and whose decision shall be final.
And al shares of stock when 30 pnr.
chased may be ressued at not less than
par value.
ARTICLE
]. The corporate powers Of this corpo-
ration shall be vested in Board of
Directors to be composed Of not more
than i've (5) stockholders, and not less
than three 81 stockholders, two of
whom shall constitute a quorum, said
directors to be elected at general
meeting, to be held on the second
Tuesday in the month Of July, each
year. No person shall be eligible as
director unless he owns in his own name
one ~ share, full paid. Of the capital
stock.
2. The Board of Directors shall have
the power 10 make all bylaws, rules
and regulations necessary for the con-
duct Of the business affairs of said cor.
pora,ion; shall elect from their number