The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1915-04-10
C HI A X Il r X
Of
Boudreaux Furniture Com.
pany, Inc.
STATE OF LOUISIANA,
PARISH OF ST. MARY.

BE 1T 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, 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 Of
full age Of majority and all residents Of
the Parish Of ST. Mary, State Of iouIs-
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 Scs-
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 n 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 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 If.
The domicle 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. ana 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 Ill
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 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,
if 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
as 1t may desire; and in the iner-
est of such business to make such
advances as are required: and to carry
out the purpose hereof, il shall have the
power 10 purchase and acquire real cs-
tate. erect buildings thereon, lease, let
and rent same, and to receive security
by way of mortgage and pledse, or in
any other manner, and to borrow money
and to issue notes and secure the same
by mortgage. pledge o. 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, 000. OOl Dollars. divided |
into one hundred Q0O) shares Of the par
value of One Hundred (Sl00.0O) Dojlar.
each; and this corporation shaii-be one /
rative and 90 into business ~ ..s5iine,s and become
gong ccSShcern when FIVE Thousand |
($5 OO0.OO) Dollars Of its capital stock
shall have been subscribed and paid for
to-wit, at the execution Of these pres
ppts No transfer of stock shall be
binding upon this corporation unless
same appears on the books thereof,
only to he 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 slockholder shall have the right
10 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
he Board; and in case Of dissatisfac-
lion 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 tltc
oath, and whose decision shall be iin,l
And all shares of stock when 50 pur-
chased may be reissucd at not less than
par value.
ARTICLE Y
|. The corporate powers of this corpo-
ration shall be vested in Board of
Directors to be composed Of not more
han five ~ stockholders. and not less
han three (3) stockholders. two Of
whom shall constitute a quorum said
directors to he elected at general
meeting, 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
,ne ID share, full paid. of the capital
stock.
?. The Board of Directors shall have
he power to make I'LL bylaws, rules
and Nations necessary for the con-
duct OF the business affairs of said cor
poration: shall elect from their number
! President, Ni,e-President. Secretary
and Treasurer, or may combine the