St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-05
ARTICLES OF INCORPORATION
OF THE
Saint Paul Collection Bureau.

We, the undersigned. do hereby associate our.
selves together as corporation rnder the pro
visions OF ttle two (2) of chapter III rty-four (30
of the General Statutes OF the state OF Minnesota.
1873 and the sections applying to corporations
gained under said title and the acts sur pie
mentary thereto and amendaiory thereof and do
hereby agree VI and adopt the following articles
of interpretations:
ARTICLE 1.
The name of this corporation shall be the saint
Paul Collection Bureau" The general nature OF
he business of thu corpt ration shall be the col
lection, buying, selling and dealing curr II and
delinquent accounts. buying selling and d ling
persona securities, furnish ng its sub .r;bera
with into m ton in regard to the business stand
ng of part es, the issuing of monthly retailers
nrotect We reporter for the protection of its sub
scribers and patrons against ,rtes who have had
the credit impaired in various ways
And said corrorat Oh shall have power to buy,
sell or real estate so far as may be necessary
in carrying on is general business. The principal
pla of transact ng the business of said corpora.
ton shall be in the City of Saint Paul. in the State
of Minnesota.
ARTICLE II.
The time Of the commencement of this corpora
ton shall be the first day of December, A. d.
1886, and the period of its coat nuance shall be
thirty (30) years from the first day of December.
1886.
ARTICLE Ill.
The amount Of capital stock of this corporation
shall be twenty-five thousand dollars. which shall
re paid in mou"v or other property at such times
and IN such NAN as the Board of Directors shall
direct
ARTICLE ".
The highest amount OF indebtedness or liability
TO which this ion shall at any time be SUBJ
ect, shall pc the sum of ten thousand dollars
(sl0,00U).
ARTICLE v.
The NJ m IS and places Of residence of the persons
forming ms corporation are, &C. w. Leonard, W.
A. Barr. L. Leonard, j. +. Merrill r. Il. Leonard.
3. P. Baker and samuel Neuman all of Saint Paul.
in the County OF Ramsey and state Of Minnesota.
ARTICLE VI.
The government Of this corporation and the
manag m ut OF it's affairs shall be vested in
board u i've Directors. three of whom shall COZ.
stitute quorum and such officers and agents Is
such Board OF Directors shall eleat or appoint.
The names OF the first Board of Directors are,
E. w. Leonard, B. p. Baker, r. e. Leonard. l.
Leonard and s. Neuman. The said board shall
hold office until their successors are elected at the
first annual meeting of the stockholders OF this cor
poration, hereinafter provided for, and until
such successors shall have qualified
The officers of this corporation shall be Presl-
dent, Vice President. General Manager and
Secretary and Treasurer. and the offices of Sec.
rotary and Treasurer may be held by one person,
and of Pres, dent and General Manager may also
be held by one person.
The annual meet ng of the stockholders OF this
corporation shall be held on the first Tuesday OF
December in each year at the office OF this corpor-
alton.
Until the first Board of Directors have been elect
ed at the first annual meeting of this corporation
and until such board have elected the officers OF
this corporation, e. w. Leonard shall be Presidene
and General Manager. B. z. Baker vice Preslo ems
and r. e. Leonard Secretary and Treasurer The
board of Directors shall hold their annual meet
ng at the Office of the company on the first Tues
day of December of each year. immed lately after
the meeting of the stockholders and on the same
day and such annual meet ng of Directors shall be
meeting of the board as constituted by the cleo
ton of Directors at the stockholders meeting OF ths
same day.
The Board of Directors at such annual meeting
shall elect from their own number President and
Vice Pres dent and shall appoint Gen era! Mana
GER Secretary and Treasurer and such other OF.
ncers and agents as they may deem necessary for
the transaction of the business of tne company.
The Board Of Directors shall have power to es.
tablish b. flaws.
If for any reason there shall be fa lure to elect
Directors by the stockholders to elect or appoint
officers or agents By the Board of Directors upon
the days OF at the meetings above herein specined
ior such election or appointments. such elections
appo ntments may be held or made at any ad.
iourned meeting or such yearly meet n5s or at any
subsequent regular special meeting Of said
stockholders or Directors respectively to be called
and held in such manner and at such times az
he bylaws may prescribe; all Directors elected
by the stockholders. and all officers and agents
Elected and appo nted By the Directors shall hold
their Offices until their successors shall be duly
elected appointed. provided that all officers and
agents credIcu Oy anu IN the QtScret On Oh tuo Liz
rectors may in their discretion be abolished.
ARTICLE VII.
The number and amount Of the shares of the
capital stock of this corporation shall be one
thousand Q.000) shares of twenty-five (s25) dollars
each.
In testimony whereof we have hereto subscribed
our names and affixed our seals this thirtieth day
Of November, 1886.
Signed IN presence Of:
ROBERT L. CoSGROyE,
L. B. BUSCH.
E. W. LEONARD, lSeal.l
W. A BARR. Iseall