The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1915-05-29
G HI A r II E X
-OF-
Boudreaux Furniture Com
pany, Inc.

day of the month of March, in tn,
year of our Lord Nineteen. hundred ant
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
names are hereunto subscribed, all OF
full age of majority and 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 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 FURNITUR RE
COMPANY, INC, os Franklin. La :,
and it shall have and enjoy succession
and existence for period of ninety
nine years from date hereof.
Ii shall have. enjoy and possess all
the powers, rights and privileges and
immunities accorded to corporations
under the law
ARTICLE II.
The dOmicie 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. Pres-
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, aud 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 merchandise, etc and to,
II desired. operate in connection there
with q wholesale and jobbers business
In such line or lines as il may desire to
handle; and to open such branch stores
as 1t 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 w.
The capital stock of this corporation |
is hereby declared to be the sum of Ten |
Thousand $50, OOO. COY Dollars, divided
into one hundred (l0O) shares of the par
value of One Hundred (SlOO.OO) Dollars
each; and this corporation shall be ope-
rative and 60 into business and become
q going concern when Five Thousand
lbs. 0O0.00) Dollars of its capital stock
shall have been subscribed and paid for
lo-wit, at the execution of these pres
eDts. No transfer of stock shall be
binding upon this corporation unless
zane appears on the books thereof,
only to be made upon the sur
'ender of the certificate Of stock and by
,r under the direction of the President
Ind Secretary Of this corporation.
No stockholder shall have the right
o assign Or transfer any share or shares
,eld by him unless he shall have first
,hered same in writing to the Board of
Directors, which will have the right to
purchase same within ten days there
Ifter, at the valuation determined by
be Hoard; and in case of dissatisfac-
ION as to the price the matter shall be
one arbitrator with powers
1 amicable compOunders to be appoint
by each side, and an umpire TO be
elected by those two, who shall take
sih, and whose decision shall be final.
nd all shares of stock when so pnr-
based may be reissued at not less than
ar value.
ARTICLE v
ANo SOIpoidtc powers Oh this COrpO.
ltion shall be vested in a Board of
irectors to be composed of not more
ian i've (5) stockholders, and not less
IAN three 81 stockholders, two of
nom shall constitute quorum, said
rectors to be elected at a general
Getting, to be held on the second
aesday IN the month of July, each
ar. No person shall BE eligible as a Z
rector unless he owns in his own name !
e - share, full paid. Of the capital
The Board of Directors shall have
power to make all bylaws, rules
Q regulations necessary for the con.
O. OF the business affairs of said cor.
ration; shall elect from their number
resident, Vice-President, Secretary
! treasurer, or may combine the
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