RESTATED
                          CETIFICATE OF INCORPORATION
                                      OF
                           THE BOMBAY COMPANY, INC.
                             AS OF JANUARY 1, 1993
 
 
      THE BOMBAY COMPANY, INC., a corporation duly organized and existing under
the  General  Corporation  Law of the State of Delaware (hereinafter called the
"Corporation"),  does  hereby   certify   that   the  original  Certificate  of
Incorporation  of  the Corporation was filed with the  Secretary  of  State  of
Delaware on June 10,  1975,  a  Restated Certificate of Incorporation was filed
with the Secretary of State of Delaware  on  December 6, 1985 and the following
RESTATED  CERTIFICATE  OF  INCORPORATION was adopted  in  accordance  with  the
provisions of Sections 242 and  245 of the General Corporation Law of the State
of Delaware:
 
                                   ARTICLE I
 
      The name of the Corporation is The Bombay Company, Inc.
 
                                  ARTICLE II
 
      The  address of the Corporation's  registered  office  in  the  State  of
Delaware is  32 Loockerman Square, Suite L-100, in the City of Dover, County of
Kent.  The name  of  the  Corporation's registered agent at such address is The
Prentice-Hall Corporation System, Inc.
 
                                  ARTICLE III
 
      The purposes of this  Corporation  are  to  engage  in  any lawful act or
activity for which corporations may be organized under the General  Corporation
Law of the State of Delaware.  The Corporation will have perpetual existence.
 
                                  ARTICLE IV
 
      Section 1.   The total number of shares which the Corporation shall  have
authority  to  issue  is  twenty-six  million (26,000,000) shares, of which one
million (1,000,000) shares, of the par  value  of  One  Dollar ($1.00) shall be
Preferred Stock, and twenty-five million (25,000,000) shares  of  the par value
of  One  Dollar  ($1.00) per share shall be Common Stock.  The Preferred  Stock
shall be issued from time to time in one or more series with distinctive serial
designations and (a)  may  have  such  voting  powers;  (b)  may  be subject to
redemption  at  such  time or times and at such prices; (c) may be entitled  to
receive dividends (which  may  be  cumulative or noncumulative) at such rate or
rates, on such conditions, and at such  times, and payable in preference to, or
in such relation to, the dividends payable  on  any  other  class or classes of
stock  (d)  may  have  such  rights  upon  the  dissolution  of,  or  upon  any
distribution of the assets of the Corporation; (e) may be made convertible into
or  exchangeable  for,  shares  of  any  other class or classes or of any other
series of the same or any other class or classes  of  stock of the Corporation,
at such price or prices or at such rates of exchange and with such adjustments;
and  (f)  have such other relative, participating, optional  or  other  special
rights, qualifications,  limitations  or restrictions thereof, all as hereafter
be stated and expressed in the resolution  or  resolutions  providing  for  the
issue  of  such  Preferred  Stock  from  time  to  time adopted by the Board of
Directors pursuant to authority so to do which is hereby  granted to and vested
in the Board of Directors.
 
      Section 2.   Shares of the Common Stock may be issued  from  time to time
for  such  consideration  as  may  be  fixed from time to time by the Board  of
Directors, but not less than par value,  and  any and all such shares, the full
consideration for which shall be paid or delivered,  shall  be  fully  paid and
nonassessable  stock  and not liable to any further call or assessment thereon.
Each share of Common Stock  shall  entitle  the  holder thereof to one vote, in
person  or  by  proxy,  at  any  and all meetings of the  stockholders  of  the
Corporation.
 
      Section 3.   No stockholder,  as such, shall have any preemptive right to
subscribe  for  or  purchase  any additional  shares  of  stock  or  securities
convertible into or carrying warrants  or options to acquire shares of stock of
the Corporation.  Any and all right, title,  interest  and  claim  in or to any
dividends  declared  by  the  Corporation, whether in cash, stock or otherwise,
which are unclaimed by the stockholder  entitled  thereto  for  a period of six
years after the close of business on the payment date, shall be and  be  deemed
to  be  extinguished  and  abandoned;  and  such  unclaimed  dividends  in  the
possession  of  the  Corporation,  its  transfer  agents  or  other  agents  or
depositories,   shall  at  such  time  become  the  absolute  property  of  the
Corporation, free and clear of any and all claims of any persons whatsoever.
 
                                   ARTICLE V
 
      The vote of  stockholders of the Corporation required to approve Business
Combinations (as hereinafter defined) shall be as set forth in this Article V.
 
      Section 1.   In  addition  to  any affirmative vote required by law or by
this Certificate if Incorporation or any resolution or resolutions of the Board
of  Directors  adopted  pursuant  to  Article   IV   of   this  Certificate  of
Incorporation, and except as otherwise expressly provided in  Section 3 of this
Article V:
 
             (a)   any merger or consolidation of the Corporation  with (i) any
      Interested  Stockholder  (as hereinafter defined) or (ii) any corporation
      or other person (whether or  not  itself an Interested Stockholder) which
      is,  or after such merger or consolidation  would  be,  an  Affiliate  or
      Associate (each as hereinafter defined) of any Interested Stockholder; or
 
             (b)   any  sale,  lease,  exchange,  mortgage, pledge, transfer or
      other disposition (in one transaction or a series  of transactions) to or
      with  any  Interested Stockholder or any Affiliate or  Associate  of  any
      Interested Stockholder  of (i) all or substantially all the assets of the
      Corporation or (ii) assets  of the Corporation or any of its Subsidiaries
      (as hereinafter defined) representing  in  the aggregate more than 75% of
      the  total value of the assets of the Corporation  and  its  consolidated
      Subsidiaries  as  reflected on the most recent consolidated balance sheet
      of  the  Corporation   and  its  consolidated  Subsidiaries  prepared  in
      accordance with general accepted accounting principles then in effect; or
 
             (c)   (i) any sale, lease, exchange, mortgage, pledge, transfer or
      other disposition (in one  transaction or a series of transactions) to or
      with any Interested Stockholder  or  any  Affiliate  or  Associate of any
      Interested  Stockholder  of  any  assets  of  the Corporation or  of  any
      Subsidiary having an aggregate Fair Market Value (as hereinafter defined)
      of $5,000,000 or more, but less than the amount  set forth in clause (ii)
      of paragraph (b) of this Section 1, or (ii) any merger  or  consolidation
      of any Subsidiary of the Corporation having assets with an aggregate Fair
      Market  Value  of  $5,000,000  or  more  in a transaction not covered  by
      paragraph (b) of this Section 1 with (x) any  Interested  Stockholder  or
      (y)  any corporation or other person (whether or not itself an Interested
      Stockholder) which is, or after such merger or consolidation would be, an
      Affiliate or Associate of any Interested Stockholder; or
 
             (d)   the   issuance   or  transfer  by  the  Corporation  or  any
      Subsidiary (in one transaction  or  a  series  of  transactions)  to  any
      Interested  Stockholder  or  any Affiliate or Associate of any Interested
      Stockholder of any securities  of  the  Corporation  or any Subsidiary in
      exchange  for  cash,  securities  or  other  property  (or a  combination
      thereof)  having  an aggregate Fair Market Value of $5,000,000  or  more,
      other than the issuance  of securities upon the conversion of convertible
      securities of the Corporation  or  any Subsidiary which were not acquired
      by such Interested Stockholder or such  Affiliate  or  Associate from the
      Corporation or a Subsidiary; or
 
             (e)   the adoption of any plan or proposal for the  liquidation or
      dissolution of the Corporation proposed by or on behalf of any Interested
      Stockholder or any Affiliate or Associate of any Interested  Stockholder;
      or
 
             (f)   any  reclassification  of securities (including any  reverse
      stock split) or recapitalization of the  Corporation,  or  any  merger or
      consolidation  of  the  Corporation with any of its Subsidiaries, or  any
      other transaction (whether or not with or into or otherwise involving any
      Interested Stockholder),  which in any such case has the effect, directly
      or indirectly, of increasing  the  proportionate share of the outstanding
      shares of any class or series of stock  or  securities  convertible  into
      stock  of  the  Corporation  or  any  Subsidiary  which  is  directly  or
      indirectly  beneficially  owned  by  any  Interested  Stockholder  or any
      Affiliate or Associate of any Interested Stockholder; or
 
             (g)   any  contract  calling for or contemplating any of the above
      transactions;
 
shall not be consummated without the  affirmative  vote  of  the  holders of at
least  66-2/3% of the combined voting power of the then outstanding  shares  of
stock of  all  classes and series of the Corporation entitled to vote generally
in the election  of  directors (the "Voting Stock") voting together as a single
class (it being understood  that  for purposes of this Article V, each share of
Voting Stock shall have the number  of  votes granted to it pursuant to Article
IV  of this Certificate of Incorporation).   Such  affirmative  vote  shall  be
required  notwithstanding  the  fact  that  no  vote may be required, or that a
lesser  percentage  may  be  specified,  by  law  or  by  this  Certificate  of
Incorporation  or  any  resolution  or  resolutions of the Board  of  Directors
adopted pursuant to Article IV of this Certificate  of  Incorporation or in any
agreement with any national securities exchange or otherwise.
 
      Section 2.   The term "Business Combination" as used  in  this  Article V
shall  mean  any transaction which is referred to in any one or more paragraphs
(a) through (g) of Section 1 of this Article V.
 
      Section 3.   The  provisions  of Section 1 of this Article V shall not be
applicable  to a Business Combination,  and  such  Business  Combination  shall
require only  such  affirmative  vote  as  is  required  by  law  and any other
provisions  of  this  Certificate  of  Incorporation,  if  all  the  conditions
specified in any one of the following paragraphs (a), (b), (c) or (d) are met:
 
             (a)   (i) such Business Combination shall have been approved  by a
      majority of the Disinterested Directors (as hereinafter defined) and (ii)
      the  Interested  Stockholder  involved  in  such Business Combination (x)
      acquired  such  status  as  an  Interested  Stockholder   in   a   manner
      substantially  consistent with an agreement, arrangement or understanding
      approved by the  Board  of  Directors  prior  to the time such Interested
      Stockholder became an Interested Stockholder and  (y)  had  complied with
      all requirements imposed by such agreement, arrangement or understanding;
      or
 
             (b)   in  the  case  of  any  Business  Combination  described  in
      paragraph  (a)  or (f) of Section 1 of this Article V, (i) such  Business
      Combination shall  have  been approved by a majority of the Disinterested
      Directors,  (ii)  such Business  Combination  shall  not  have  resulted,
      directly or indirectly,  in  an  increase  of  more than 10% of the total
      amount  of  shares  of  any  class  or  series  of  stock  or  securities
      convertible  into  stock of the Corporation or any Subsidiary  which  was
      directly or indirectly  beneficially  owned by any Interested Stockholder
      and all Affiliates and Associates of such  Interested  Stockholder at the
      time  of the approval of such Business Combination by a majority  of  the
      Disinterested  Directors,  and  (iii) such Business Combination shall not
      have been consummated within a period of two years after the consummation
      of any other Business Combination  described  in paragraph (a), (b), (c),
      (d), (e), (f) or (g) of Section 1 of this Article  V (whether or not such
      other Business Combination shall have been approved  by a majority of the
      Disinterested Directors) which had the effect, directly or indirectly, of
      increasing the proportionate share of the outstanding shares of any class
      or  series  of  stock  or  securities  convertible  into  stock   of  the
      Corporation   or   any   Subsidiary  which  was  directly  or  indirectly
      beneficially owned by such  Interested  Stockholder  or  any Affiliate or
      Associate of such Interested Stockholder; or
 
             (c)   in  the  case  of  any  Business  Combination  described  in
paragraph (c)
      or  (d)  of Section 1 of this Article V, such Business Combination  shall
      have been approved by a majority of the Disinterested Directors; or
 
             (d)   all of the six conditions specified in the following clauses
      (i) through (vi) shall have been met:
 
                         (i)    the   transaction   constituting  the  Business
             Combination  shall provide for consideration  to  be  received  by
             holders of Common Stock in exchange for all their shares of Common
             Stock, and the  aggregate  amount  of the cash and the Fair Market
             Value  as  of  the  date  of  the  consummation  of  the  Business
             Combination of any consideration other  than  cash  to be received
             per share by holders of Common Stock in such Business  Combination
             shall be at least equal to the highest of the following  (it being
             intended  that  the  requirements  of this clause (d)(i) shall  be
             required  to be met with respect to all  shares  of  Common  Stock
             outstanding,   whether   or   not   the   Interested   Stockholder
             beneficially owns any shares of Common Stock);
 
                                (A)   (if  applicable)  the  highest per  share
                   price (including any brokerage commissions,  transfer  taxes
                   and   soliciting  dealers'  fees)  paid  by  the  Interested
                   Stockholder,  or  by  an  Affiliate or Associate thereof, in
                   order to acquire any shares  of  Common  Stock  beneficially
                   owned by the Interested Stockholder which were acquired  (i)
                   within   the   two-year  period  immediately  prior  to  the
                   Announcement Date  (as  hereinafter  defined) or (ii) in the
                   transaction  in which the Interested Stockholder  became  an
                   Interested Stockholder, whichever is higher; and
 
                                (B)   the Fair Market Value per share of Common
                   Stock on the Announcement  Date or on the Determination Date
                   (as hereinafter defined), whichever is higher; and
 
                                      (ii)  if the transaction constituting the
             Business  Combination shall provide  for  a  consideration  to  be
             received by  holders  of any class or series of outstanding Voting
             Stock other than Common  Stock,  the  aggregate amount of the cash
             and the Fair Market Value as of the date  of  the  consummation of
             the Business Combination of any consideration other  than  cash to
             be  received  per  share by holders of shares of such Voting Stock
             shall be at least equal  to the highest of the following (it being
             intended that the requirements  of  this  clause  (d)(ii) shall be
             required to be met with respect to every class and  series of such
             outstanding   Voting   Stock,   whether   or  not  the  Interested
             Stockholder beneficially owns any shares of  a particular class or
             series of Voting Stock):
 
                                (A)   (if  applicable)  the highest  per  share
                   price (including any brokerage commissions,  transfer  taxes
                   and   soliciting  dealers'  fees)  paid  by  the  Interested
                   Stockholder,  or an Affiliate or Associate thereof, in order
                   to acquire any  shares  of  such  class  or series or Voting
                   Stock beneficially owned by the Interested Stockholder which
                   were  acquired  (i)  within the two-year period  immediately
                   prior to the Announcement Date or (ii) in the transaction in
                   which  the  Interested  Stockholder   became  an  Interested
                   Stockholder, whichever is higher; and
 
                                (B)   (if applicable) the  highest preferential
                   amount  per  share to which the holders of  shares  of  such
                   class or series of Voting Stock are entitled in the event of
                   any voluntary  or  involuntary  liquidation,  dissolution or
                   winding up of the Corporation; and
 
                                (C)   the Fair Market Value per share  of  such
                   class or series of Voting Stock on the Announcement Date  or
                   on the Determination Date, whichever is higher; and
 
                         (iii)  the  consideration to be received by holders of
             a  particular  class  or  series   of   outstanding  Voting  Stock
             (including Common Stock) shall be in cash  or  in the same form as
             was previously paid in order to acquire shares of  such  class  or
             series  of  Voting  Stock  which  are  beneficially  owned  by the
             Interested   Stockholder   and,   if  the  Interested  Stockholder
             beneficially owns shares of any class  or  series  of Voting Stock
             which were acquired with varying forms of consideration,  the form
             of consideration to be received by holders of such class or series
             of  Voting  Stock shall be either cash or the form used to acquire
             the largest number  of  shares  of  such class or series of Voting
             Stock beneficially owned by it; and
 
                         (iv)   after such Interested Stockholder has become an
             Interested  Stockholder  and  prior to the  consummation  of  such
             Business Combination:
 
                                (A)   except  as  approved  by  a  majority  of
                   Disinterested Directors, there shall have been no failure to
                   declare  and  pay  at  the  regular dates therefore the full
                   amount of any dividends (whether  or not cumulative) payable
                   on the Preferred Stock as to dividends or upon liquidation;
 
                                (B)   there shall have been (x) no reduction in
                   the  annual  rate  of  dividends paid on  the  Common  Stock
                   (except  as necessary to  reflect  any  subdivision  of  the
                   Common Stock),  except  as  approved  by  a  majority of the
                   Disinterested Directors, and (y) an increase in  such annual
                   rate   of  dividends  (as  necessary  to  prevent  any  such
                   reduction)  in  the event of any reclassification (including
                   any reverse stock  split),  recapitalization, reorganization
                   or any similar transaction which  has the effect of reducing
                   the number of outstanding shares of the Common Stock, unless
                   the failure so to increase such annual rate is approved by a
                   majority of the Disinterested Directors; and
                                (C)   such  Interested  Stockholder  shall  not
                   have become the beneficial owner of any additional shares of
                   Voting Stock except as part  of  the transaction in which it
                   became an Interested Stockholder; and
 
                         (v)    after such Interested Stockholder has become an
             Interested Stockholder, such Interested Stockholder shall not have
             received    the   benefit,   directly   or   indirectly    (except
             proportionately   as  a  stockholder),  of  any  loans,  advances,
             guarantees, pledges  or  other  financial  assistance  or  any tax
             credits or tax advantages provided by the Corporation, whether  in
             anticipation of or in connection with such Business Combination or
             otherwise; and
 
                                      (vi)  a  proxy  or  information statement
             describing  the proposed Business Combination and  complying  with
             the requirements  of  the  Securities  Exchange  Act  of  1934, as
             amended  (the  "Exchange  Act"),  and  the  rules  and regulations
             thereunder  (or  any subsequent provisions replacing the  Exchange
             Act or such rules  or  regulations)  shall  be  mailed  to  public
             stockholders  of  the  Corporation  at  least 30 days prior to the
             consummation of such Business Combination  (whether  or  not  such
             proxy  or  information statement is required to be mailed pursuant
             to the Exchange Act or such subsequent provisions).
 
      Section 4.   For purposes of this Article V:
 
                   (a) A "person" shall mean any individual, firm, corporation,
             partnership, trust or other entity.
 
                   (b)   "Interested  Stockholder" shall mean any person (other
             than the Corporation, any Subsidiary, any employee benefit plan of
             the Corporation or any Subsidiary  or  a  trustee  under  any such
             plan) who or which:
 
                         (1)    is    the   beneficial   owner,   directly   or
                   indirectly, of 5% or  more  of  the combined voting power of
                   the then outstanding shares of the Voting Stock; or
 
                         (2)    is an Affiliate of the  Corporation and, at any
                   time  within the two-year period immediately  prior  to  the
                   date in  question,  was  the  beneficial  owner, directly or
                   indirectly,  of 5% or more of the combined voting  power  of
                   the then outstanding shares of Voting Stock; or
 
                         (3)    is an assignee of or has otherwise succeeded to
                   the beneficial ownership of any shares of Voting Stock which
                   were at any time  within  the  two-year  period  immediately
                   prior  to  the  date  in  question beneficially owned by  an
                   Interested Stockholder, or  Affiliate  or Associate thereof,
                   if such assignment or succession shall have  occurred in the
                   course  of  a  transaction  or  series  of transactions  not
                   involving either a public offering within the meaning of the
                   Securities  Act  of  1933,  as  amended,  or  normal  market
                   transactions.
 
                   (c)   A person shall be a "beneficial owner" of  any  Voting
                   Stock:
 
                         (1)    which  such  person  or  any  of  such person's
                   Affiliates  or  Associates  beneficially  owns  directly  or
                   indirectly; or
 
                         (2)    which  such  person  or  any  of  such person's
                   Affiliates  or  Associates  has  (a)  the  right  to acquire
                   (whether such right is exercisable immediately or only after
                   the passage of time), pursuant to any agreement, arrangement
                   or understanding or upon the exercise of conversion  rights,
                   exchange  rights, warrants or options, or otherwise, or  (b)
                   the right to  vote  or  to  direct  the vote pursuant to any
                   agreement, arrangement or understanding; or
 
                         (3)    which  is  beneficially  owned,   directly   or
                   indirectly,  by  any  other person with which such person or
                   any  of  such  person's Affiliates  or  Associates  has  any
                   agreement, arrangement  or  understanding for the purpose of
                   acquiring, holding, voting or  disposing  of  any  shares of
                   Voting Stock.
 
                   (d)   For the purposes of determining whether a person is an
             Interested  Stockholder  pursuant to paragraph (b) of this Section
             4, the number of shares of  Voting  Stock deemed to be outstanding
             shall  include  shares  deemed  owned  by   such   person  through
             application  of  paragraph  (c)  of  this Section 4 but shall  not
             include any other shares of Voting Stock  which may be issuable to
             other   persons   pursuant   to  any  agreement,  arrangement   or
             understanding, or upon exercise  of  conversion  rights,  exchange
             rights, warrants or options, or otherwise.
 
                   (e)   An  "Affiliate"  of  a  specified person shall mean  a
             person  that  directly,  or  indirectly  through   one   or   more
             intermediaries,  controls, or is controlled by, or is under common
             control with, the person specified.
 
                   (f)   An "Associate"  of  any  person  shall  mean  (1)  any
             corporation  or  organization  (other  than  the  Corporation or a
             Subsidiary) of which such person is an officer or partner  or  is,
             directly or indirectly, the beneficial owner of 10% or more of any
             class of equity securities, (2) any trust or other estate in which
             such  person  has  substantial  beneficial interest or as to which
             such person serves as trustee or  in a similar fiduciary capacity,
             and (3) any relative or spouse of such  person, or any relative of
             such spouse, who has the same home as such person.
 
                   (g)   "Subsidiary" shall mean any corporation  more than 50%
             of  whose  outstanding stock having ordinary voting power  in  the
             election of directors is owned by the Corporation, by a Subsidiary
             of the Corporation  or in the aggregate by the Corporation and one
             or more Subsidiaries;  provided, however, that for the purposes of
             the definition of Interested  Stockholder  set  forth in paragraph
             (b)  of this Section 4, the term "Subsidiary" shall  mean  only  a
             corporation  of  which a majority of each class of equity security
             is owned by the Corporation, by a Subsidiary or by the Corporation
             and one or more Subsidiaries.
 
                   (h)   "Disinterested Director" means any member of the Board
             of  Directors of the  Corporation  who  is  not  an  Affiliate  or
             Associate  of, is not a nominee of, and is not employed or engaged
             by the Interested  Stockholder  and  was  a member of the Board of
             Directors prior to the time that the Interested Stockholder became
             an Interested Stockholder, and any successor  of  a  Disinterested
             Director  who is not an Affiliate or Associate of, not  a  nominee
             of, and is  not  employed or engaged by the Interested Stockholder
             and who is recommended  to  succeed  a Disinterested Director by a
             majority  of  Disinterested  Directors  then   on   the  Board  of
             Directors.
 
                   (i)   "Fair Market Value" means: (1) in the case  of  stock,
             the   highest   closing  sales  price  during  the  30-day  period
             immediately preceding  the  date  in  question  of a share of such
             stock on the New York Stock Exchange Composite Tape,  or,  if such
             stock is not quoted on such Composite Tape, on the New York  Stock
             Exchange, or, if such stock is not listed on such Exchange, on the
             principal  United  States securities exchange registered under the
             Exchange Act on which  such  stock is listed, or, if such stock is
             not listed on any such exchange, the highest closing sale price or
             bid quotation with respect to a share of such stock during the 30-
             day  period  preceding  the  date  in  question  on  the  National
             Association  of  Securities  Dealers,  Inc.  Automated  Quotations
             System  or any other system in  use  generally,  or  if  not  such
             quotations  are  available,  the  fair market value on the date in
             question of a share of such stock as  determined  by a majority of
             the Disinterested Directors in good faith; and (2)  in the case of
             stock of any class or series which is not traded on any registered
             securities exchange or in the over-the-counter market  or  in  the
             case  of  property other than cash or stock, the fair market value
             of such stock  or  property,  as  the  case may be, on the date in
             question  as  determined  by  a  majority  of   the  Disinterested
             Directors in good faith.
 
                   (j)   "Announcement Date" means the date of the first public
             announcement of the proposed Business Combination.
 
                   (k)   "Determination  Date"  means  the  date on  which  the
             Interested Stockholder became an Interested Stockholder.
 
      Section 5.   A majority of the Disinterested Directors of the Corporation
shall have the power to determine, on the basis of information  known  to  them
after reasonable inquiry, all facts necessary to determine compliance with this
Article V, including, without limitation, (a) whether a person is an Interested
Stockholder, (b) the number of shares of Voting Stock beneficially owned by any
person,  (c)  whether  a person is an Affiliate or Associate of another person,
(d) whether the requirements  of Section 3 of this Article V have been met with
respect to any Business Combination,  and  (e) whether the assets which are the
subject of any Business Combination, or the  consideration  to  be received for
the issuance or transfer of securities by the Corporation or any  Subsidiary in
any Business Combination, (i) have an aggregate Fair Market Value of $5,000,000
or more or (ii) represent in the aggregate more than 75% of the total  value of
the  assets of the Corporation and its consolidated Subsidiaries determined  in
accordance  with  generally  accepted accounting principles then in effect; and
the good faith determination of  a  majority  of the Disinterested Directors on
such matters shall be conclusive and binding for  all  purposes of this Article
V.
 
      Section 6.   Nothing contained in this Article V shall  be  construed  to
relieve  any  Interested  Stockholder  from any fiduciary obligation imposed by
law.
 
      Section 7.   Notwithstanding any other  provisions of this Certificate of
Incorporation, the provisions set forth in this  Article  V may not be repeated
or  amended  in any respect unless such action is approved by  the  affirmative
vote of the holders  of  voting shares entitling them to exercise not less than
two-thirds of the total voting  power  of all outstanding voting shares of this
Corporation, subject to the provisions of  any  series of Preferred Stock which
may at any time be outstanding.
 
                                  ARTICLE VI
 
      Section 1.   Any direct or indirect purchase  or other acquisition by the
Corporation of any shares of Common Stock at a price  above  the  market  value
from  any  Interested  Stockholder  (as  hereinafter defined), or Affiliate (as
hereinafter defined) or Associate (as hereinafter  defined)  thereof,  who  has
been  the  beneficial owner of such shares for less than two years prior to the
date of such  purchase or other acquisition or any agreement in respect thereof
shall require authorization  by the affirmative vote of the holders of at least
a majority of the then outstanding  shares of Voting Stock held by stockholders
other than the Interested Stockholder  and  Affiliates  and  Associates of such
Interested  Stockholder;  provided, however, the provisions of this  Section  1
shall not be applicable with  respect  to  any purchase or other acquisition of
Common Stock made as part of a Tender Offer  (as  hereinafter  defined)  by the
Corporation,  which  Tender  Offer  is  made  either  on  the same terms to all
stockholders or only for "odd-lot" holdings of Common Stock.
 
      Section 2.   For purposes of this Article VI:
 
             (a)   A  "person"  shall  mean any individual, firm,  corporation,
partnership, trust or other entity.
 
             (b)   "Interested Stockholder"  shall  mean any person (other than
the Corporation, any Subsidiary, any employee benefit  plan  of the Corporation
or any Subsidiary or a trustee under any such plan) who or which:
 
                   (1)   is the beneficial owner, directly or indirectly, of 5%
             or  more  of  the  combined  voting power of the then  outstanding
             shares of Voting Stock; or
 
                   (2)   is an Affiliate of  the  Corporation  and, at any time
             within  the  two-year  period  immediately  prior to the  date  in
             question, was the beneficial owner, directly  or  indirectly of 5%
             or  more  of  the  combined  voting  power of the then outstanding
             shares of Voting Stock; or
 
                   (3)   is an assignee of or has otherwise  succeeded  to  the
             beneficial  ownership  of any shares of Voting Stock which were at
             any time within the two-year  period immediately prior to the date
             in question beneficially owned  by  an  Interested Stockholder, or
             Affiliate or Associate thereof, if such assignment  or  succession
             shall  have occurred in the courser of a transaction or series  of
             transactions  not  involving  either  a public offering within the
             meaning  of  the Securities Act of 1933,  as  amended,  or  normal
             market transactions.
 
             (c)   A person shall be a "beneficial owner" of any Voting Stock:
 
                   (1)   which  such  person or any of such person's Affiliates
             or Associates beneficially owns directly or indirectly; or
 
                   (2)   which such person  or  any of such person's Affiliates
             or Associates has (a) the right to acquire  (whether such right is
             exercisable  immediately  or  only  after  the passage  of  time),
             pursuant  to any agreement, arrangement or understanding  or  upon
             the exercise  of  conversion  rights, exchange rights, warrants or
             options, or otherwise, or (b) the  right  to vote or to direct the
             vote pursuant to any agreement, arrangement or understanding; or
 
                   (3)   which is beneficially owned, directly  or  indirectly,
             by any other person with which such person or any of such person's
             Affiliates  or  Associates  has  any  agreement,  arrangement   or
             understanding  for  the  purpose  of acquiring, holding, voting or
             disposing of any shares of Voting Stock.
 
             (d)   For  the purposes of determining  whether  a  person  is  an
      Interested Stockholder  pursuant  to paragraph (b) of this Section 2, the
      number of shares of Voting Stock deemed  to  be outstanding shall include
      shares deemed owned by such person through application  of  paragraph (c)
      of this Section 2 but shall not include any other shares of Voting  Stock
      which  may  be  issuable  to  other  persons  pursuant  to any agreement,
      arrangement  or  understanding,  or  upon exercise of conversion  rights,
      exchange rights, warrants or options, or otherwise.
 
             (e)   An "Affiliate" of a specified  person  shall  mean  a person
      that   directly,  or  indirectly  through  one  or  more  intermediaries,
      controls,  or  is  controlled  by,  or  is under common control with, the
      person specified.
 
             (f)   An "Associate" of any person  shall mean (1) any corporation
      or organization (other than the Corporation  or  a  Subsidiary)  of which
      such  person is an officer or partner or is, directly or indirectly,  the
      beneficial  owner  of  10% or more of any class of equity securities, (2)
      any  trust  or other estate  in  which  such  person  has  a  substantial
      beneficial interest  or as to which such person serves as trustee or in a
      similar fiduciary capacity,  and  (3)  any  relative  or  spouse  of such
      person,  or  any  relative  of such spouse, who has the same home as such
      person.
 
             (g)   "Subsidiary" shall  mean  any  corporation  more than 50% of
      whose outstanding stock having ordinary voting power in the  election  of
      directors is owned by the Corporation, by a Subsidiary of the Corporation
      or  in  the  aggregate  by  the Corporation and one or more Subsidiaries;
      provided, however, that for the  purposes of the definition of Interested
      Stockholder set forth in paragraph  (b)  of  this  Section  2,  the  term
      "Subsidiary"  shall  mean  only a corporation of which a majority of each
      class of equity security is  owned by the Corporation, by a Subsidiary or
      by the Corporation and one or more Subsidiaries.
 
             (h)   "Disinterested Director"  means  any  member of the Board of
      Directors of the Corporation who is not an Affiliate  or Associate of, is
      not  a  nominee  of,  and  is  not employed or engaged by the  Interested
      Stockholder and was a member of  the Board of Directors prior to the time
      that the Interested Stockholder became an Interested Stockholder, and any
      successor  of  a  Disinterested Director  who  is  not  an  Affiliate  or
      Associate of, not a  nominee  of,  and  is not employed or engaged by the
      Interested Stockholder and who is recommended  to succeed a Disinterested
      Director by a majority of Disinterested Directors  then  on  the Board of
      Directors.
 
             (i)   "Tender Offer" shall mean a tender offer made in  accordance
      with  the  then  applicable  rules and regulations of the Securities  and
      Exchange Commission issued pursuant  to  Sections  14(d)  and  (e) of the
      Exchange Act (or any subsequent provisions replacing such Sections of the
      Exchange Act or such applicable rules and regulations).
 
      Section 3.   A majority of the Disinterested Directors of the Corporation
shall  have  the power to determine, on the basis of information known to  them
after reasonable inquiry, all facts necessary to determine compliance with this
Article  VI,  including,  without  limitation,  (a)  whether  a  person  is  an
Interested Stockholder,  (b)  the number of shares of Voting Stock beneficially
owned by any person, and (c) whether  a  person is an Affiliate or Associate of
another  person;  and  the  good  faith determination  of  a  majority  of  the
Disinterested Directors on such matters shall be conclusive and binding for all
purposes of this Article VI.
 
      Section 4.   Notwithstanding  any other provisions of this Certificate of
Incorporation, the provisions set forth  in this Article VI may not be repealed
or amended in any respect unless such action  is  approved  by  the affirmative
vote of the holders of voting shares entitling them to exercise not  less  than
two-thirds  of  the total voting power of all outstanding voting shares of this
Corporation, subject  to  the provisions of any series of Preferred Stock which
may at the time be outstanding.
 
                                  ARTICLE VII
 
      Section 1.   The number  of  directors of the Corporation, and the number
of directors in each class, shall be  fixed from time to time by or pursuant to
the Bylaws of the Corporation but the number  of  directors  of the Corporation
shall not be less than three or more than nine, except as otherwise fixed by or
pursuant to the provisions of Article IV hereof relating to the  rights  of the
holders  of  any  class  or series of stock having a preference over the Common
Stock as to dividends or upon liquidation.  The directors shall be divided into
three classes, as nearly equal  in  number as possible, as shall be provided in
the Bylaws of the Corporation.  Unless otherwise provided in the Bylaws, at the
annual meeting of stockholders held in  1985,  one class of two directors shall
be elected for a term expiring at the annual meeting of stockholders to be held
in 1986, another class of two directors shall be elected for a term expiring at
the annual meeting of stockholders to be held in  1987 and another class of two
directors  shall  be  elected  for  a term expiring at the  annual  meeting  of
stockholders to be held in 1988, with  each  class  to  hold  office  until its
successors  are  elected and qualified.  At each annual meeting of stockholders
subsequent to 1985, the successors of the class of directors whose term expires
at that meeting shall  be  elected  to  hold  office for a term expiring at the
annual meeting of stockholders held in the third  year  following  the  year of
election.   The  election  of  directors  need  not  be  by written ballot.  No
decrease in the number of directors constituting the Board  of  Directors shall
shorten the term of any incumbent director.
 
      Section 2.   Except as otherwise provided for or fixed by or  pursuant to
the  provisions  of Article IV hereof relating to the rights of the holders  of
any class or series  of  stock  having a preference over the Common Stock as to
dividends or upon liquidation, newly  created  directorships resulting from any
increase in the number of directors and any vacancies on the Board of Directors
resulting from death, resignation, removal or other  cause shall only be filled
by  the  affirmative  vote  of a majority of the remaining  directors  then  in
office, even though less than  a quorum of the Board of Directors, or by a sole
remaining director.  Any director  elected  in  accordance  with  the preceding
sentence of this Section 2 shall hold office for the remainder of the full term
of  the  class  of directors in which the new directorship was created  or  the
vacancy occurred  and  until  such director's successor shall have been elected
and qualified.
 
      Section 3.   Subject to the  rights of the holders of the Preferred Stock
or any other class or series of stock having a preference over the Common Stock
as to dividends or upon liquidation,  any  director  may be removed from office
only for cause and only by the affirmative vote of the holders of a majority of
the  combined  voting  power of the then outstanding shares  of  Voting  Stock,
voting together as a single  class.   For  purposes  of this Section 3, "cause"
shall  mean the willful and continuous failure of a director  to  substantially
perform  such director's duties to the Corporation (other than any such failure
resulting  from  incapacity  due  to physical or mental illness) or the willful
engaging  by  a  director  in  gross  misconduct  materially  and  demonstrably
injurious to the Corporation.
 
      Section 4.   Notwithstanding any  other provisions of this Certificate of
Incorporation, the provisions set forth in this Article VII may not be repealed
or amended in any respect, and no article  imposing  cumulative  voting  in the
election  of  directors  may  be  added,  unless such action is approved by the
affirmative vote of the holders of voting shares entitling them to exercise not
less than two-thirds of the total voting power of all outstanding voting shares
of this Corporation, subject to the provisions of any series of Preferred Stock
which may at the time be outstanding.
 
                                 ARTICLE VIII
 
      Section 1.   Subject to the rights of  the holders of the Preferred Stock
or any other class or series of stock having a preference over the Common Stock
as to dividends or upon liquidation, any action  required  or  permitted  to be
taken  by  the  stockholders  of the Corporation must be effected (a) at a duly
called annual or special meeting  of  stockholders of the Corporation or (b) by
the unanimous written consent of all stockholders  of  the Corporation.  Except
as otherwise required by law and subject to the rights of  the  holders  of the
Preferred Stock or any other class or series of stock having a preference  over
the  Common  Stock  as  to  dividends  or upon liquidation, special meetings of
stockholders of the Corporation may be called  only  by  the Board of Directors
pursuant  to  a  resolution  approved  by  a  majority of the entire  Board  of
Directors.
 
      Section 2.   Nominations by stockholders  for  any  directorship  must be
submitted to the Board of Directors by written notice received by the Board  of
Directors  not  later  than  45 days prior to the date of the annual meeting of
stockholders at which the election  is  to  be  held or, if later, within seven
days after the date the Corporation mails, or otherwise  gives,  notice  of the
date  of  such  meeting,  which  notice  shall state the name of the nominating
stockholder, the name of the nominee, the  addresses  of the nominee's business
and residence, the nominee's principal occupation, the  name and address of the
nominee's employer or business if self-employed, and the  number  of  shares of
Common  Stock and Preferred Stock which are beneficially owned by such nominee,
if any, and by the nominating stockholder.
 
      Section 3.   In  addition  to  any  requirements  of  law  and  any other
provision of this Certificate of Incorporation or any resolution or resolutions
of the Board of Directors adopted pursuant to Article IV of this Certificate of
Incorporation  (and  notwithstanding  the fact that a lesser percentage may  be
specified by law, this Certificate of Incorporation  or  any such resolution or
resolutions), the Bylaws of the Corporation may be adopted,  repealed,  altered
or  amended  (i) by the stockholders of the Corporation only by the affirmative
vote of the holders of 66-2/3% or more of the combined voting power of the then
outstanding shares  of Voting Stock, voting together as a single class and cast
at a meeting of the stockholders  called  for  that purpose (provided that such
notice of such proposed adoption, repeal, alteration  or  amendment is included
in  the  notice  of  such  meeting);  or  (ii)  by  the Board of Directors,  in
furtherance and not in limitation of the powers conferred  upon  it  by law, by
the vote of a majority of the entire Board of Directors.
 
      Section 4.   Notwithstanding any other provisions of this Certificate  of
Incorporation,  the  provisions  set  forth  in  this  Article  VIII may not be
repealed  or  amended  in  any  respect unless such action is approved  by  the
affirmative vote of the holders of voting shares entitling them to exercise not
less than two-thirds of the total voting power of all outstanding voting shares
of this Corporation, subject to the provisions of any series of Preferred Stock
which may at the time be outstanding.
 
                                  ARTICLE IX
 
      A director of this Corporation  shall  not  be  personally  liable to the
Corporation  or  its stockholders for monetary damages for breach of  fiduciary
duty as a director,  except  for liability (i) for any breach of the director's
duty of loyalty to the Corporation  or  its  stockholders;  (ii)  for  acts  or
omissions  not  in  good  faith  or  which  involve intentional misconduct or a
knowing  violation of law; (iii) under Section  174  of  the  Delaware  General
Corporation Law; or (iv) for any transaction from which the director derived an
improper personal benefit.
 
      IN WITNESS  WHEREOF,  THE  BOMBAY  COMPANY, INC. has caused this Restated
Certificate of Incorporation to be signed by Robert E.M. Nourse, its President,
and attested by Michael J. Veitenheimer, its  Secretary,  as  of the 5th day of
January, 1993.
 
                                            THE BOMBAY COMPANY, INC.
 
 
                                            By:  /S/ Robert E.M. Nourse
                                                 Robert E.M. Nourse
                                                 President