The St. Mary banner. (Franklin, Parish of St. Mary, La.) 1889-1931, 1915-05-08
G HI A r II e II
OF
Boudreaux Furniture Com
pany, Inc.

BE it Known mat on Lnls, LDe 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
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:
ARTICLEI.
The name and title Of this corporation
shall be BOUDREAUX FURNITURE
COSNANY. 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 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 busiAess that it
may desire, and to carry on and con-
duct geDeral merchandising, furniture
household furnishing business. wherever
it may desire, with power to buy, sell
and exchange all classes of goods,
wares, and merchandise, etc q, and to,
il 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 it may desire; and in the inter-
est of such business to make such |
advances az 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, 200. OO) Dollars, divided
into one hundred (lO0) shares of the par
value of One Hundred (8l00.0O) Dollars
each; and this corporation shall be ore
rative and 60 into business and become
q going concern when Five Thousand
(@5. OO0.O0) 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 books thereof,
transfers only to be made upon the sur.
render of the certificate of stock and by
lor under the direction of the President
ID Secretary Of this corporation.
mo stockholder 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
the Board; and in case of dissatisfac-
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 90 pnr.
chased may be reissued at not less than
par value.
ARTICLE
]. The corporate powers of this corpO.
ration shall be vested in q 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 a general
meeting, to be held on the second
Tuesday in the month of July, each
year. No person shall he eligible as a
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 to make all bylaws, rules
and regulations necessary for the con-
duct Of the business affairs of said cor.
poration; shall elect from their number
. President, Vice-President, Secretary