The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1915-05-01
G HI A r. II E II
Boudreaux Furniture Com
pany, Inc.
OF :

- a.
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-huDdred 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
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 Ses-
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:
The name and title of this corporation
shall be BOUDREAUX FURNITURE
COMPANY. INC, o. 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 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 il are hereby declared to be: to pur-
chase and acquire the stock in trade,
accounts, good will, and general bnsi-
ness of any mercantile business that it
may desire, and to carry on and con-
duct general 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 CT lines as il may desire to
handle; and to open such branch stores
~ 6ociras and tho
est of such business to make such
advances az are required: and to carry
out the purpose hereof, it shall have the
power 10 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 $50, 900. OO) Dollars, divided
into one hundred (l0O) shares of the par
value of One Hundred ($l0O.00) Dollars
each; and this corporation shall be OF e.
rative and 60 into business and become
a going concern when Five Thousand
($5. OO0.00) 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 be
binding upon this corporation unless
same appt ars 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 corporation.
No stOckholder shall have the right
TO assign Or transfer any share or shares
held by him unless he shall have first
offered same 10 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 dssatisfac-
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 so pnr-
chased may be ressued at not less than
par valueN
ARTICLE V
!. The corporate powers Of this corpo-
ration shall be vested in a Board Of
Directors to be composed of not more
than Eve (5) stockholders, and not less
than three (3) stockholders, two of
whom shall constitute a quorum, said
directors to be elected at general
to be held on the second |
Tuesday in the month Of July, each |
year. No person shall be eligible as a
director unless he owns in his own name
one (u share, full paid, of the capital
stock.
2. The Board of Directors shall have
the power 10 make Nil bylaws, rules |
and regulations necessary for the con-
duct Of the business affairs Of said corr
noss aion. ahal alecf from their nun lnr |