The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1915-04-17
HI A r Il e X
Or
Boudreaux Furniture Com
pany, Inc.
STATE OF LOUISIANA,
PARISH OF ST. MARY.

An1OIl VI y DlAAhAs
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 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
Act6 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 well 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, o. Franklin. La,
and it shall have and enjoy succession
and existence for period Of ninety
nine years from date hereof.
1t 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 he 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 merchandise, etc and to.
II desired. operate in connection there
with wholesale and jobbers business
In such line or lines as ii may desire to
handle; and to open such branch stores
a. it may desire; and in the inter-
nj a,pch hnc 11o
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
The capital stock of this corporation
Is hereby declared to be the sum of Ten |
Thousand $50, 0O0.OO) Dollars, divided |
into one hundred (l00) shares of the par |
value of One Hundred ($lO0.0O) Dollars
each; and this corporation shall be ope-
rative and 60 into business and become
q going concern when Five Thousand |
(S5. OO0.Q0) 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 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 stakeholder shall have the right
10 assign Or transfer any share or shares
held by him unless he shall have first
DdeTed same in writing to the Board OF
Directors, which will have the right to
purchase same within ten days there
litter, at the valuation determined bv
he Board; and in case of dissatisfac-
lion rs to the price the matter shall be
one arbitrator with powers
Df amicable cOmpounders to be appoint
ID by each side, and an umpire TO be
rejected by those two, who shall take
bath, and whose decision shall be final.
And all shares of stock when 50 pnr.
'hased may be reissued at not less than
oar value.
ARTICLE v
!. The corporate powers of this corpo-
alton shall be vested in q Board of
Directors to be composed Of not more
han i've (5) stockholders, and not less
han three ~ stockholders, two of
vhom 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
ear. No person shall be eligible as
|irect0r unless he owns in his own name
ne ~ share, full paid. Of the capital
took.
!. The Board OF Directors shall have
be power 10 make all by laws, rules
nd regulations necesss ry for the con-
net Of the business affairs of said cor
'orstiOn; eball elect from their number
I2.aiA.A