St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-09
A Rrrc1ps OF INCORPORATION OF THE


| n Saint Paul Collection Bureau. We the
| undersigned do hereby associate ourselves to-
| gether as corporation under the provisions
| OF title two (2) Of chapter III rty-four (34) OF
| the General Statutes OF the state of Minnesota,
| 1878, and the sections applying to corporations
| organized under said title and the acts SUI pie
mentary thereto, and amendaory thereof and do
hereby agree upon and adopt the following articles
| of Inc rporation:
Artiola I. The name of this corporation shah
be the saint Paul Collection Bureau" TIE
general nature of the business of this corporation
shall be the Collection, buying selling and dealing
current and delinquent accounts, buying. sell
ing and alng in personal securities, furnlshi g
its subScr bers with inform alton in regard to the
business standing of part es. the issuing OF a
monthly retailers protect We reporter for the pro-
lection of its subscribers and patrons against
parties who have had Their credit impaired In
various ways.
And said corporation shall have power to buy,
sell or real estate so far as may be necessary
in carrying is general business. The principal
pla of transactng the business of said corpora
ton shall be in the City OF Saint Paul. IN the state
of Minnesota.
Article D. The time of the commencement Of
this rpuration shall be the first day OF Decem-
Der, A. d. 1886, and the period of its cont nuance
shall be thirty 500 years from the first day OF De-
cember, 1886,
Article g. The amount of capital stock of this
corporation shall be twenty-five thousand dollars,
which shall be paid In money or other property at
such times and IN such ma ler as the Board OF Di-
rectors shall direct.
or lab ty to which this corporaio ion shall at any
time be subject. shall De the sum of ten thou
sand dollars (sl0,00).
Ar 5. The n; m S and places of residence of
the persons forming this corporation are, Il. W.
Leonard, w. A Barr, L. Leonard. j. +. Merrill.
e. Leonard, B. p. Baker and Samuel Neuman
all of Saint Paul, in the County OF Ramsey and
S tate of Minnesota.
Artlcle6. The government of this corporation
and the manag, mt OF its affairs shall be vested
in board OF five Directors. three OF whom shall
a ,n1 Afsa0 md
q such Board of Directors shall elect or appoint.
The names of the first Board of Directors are,
e. w. Leonard, B. P. Baker, r. e. Leonard. /:
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 quail fed.
The officers of this corporation shall be Presl.
dent. Vice President. General Manager and 8
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, K. W. Leonard shall be President
and General Manager. b. p. Baker Vice Presid emit
and X. e. Leonard Secretary and Treasurer. The
Board of Directors shall hold their annual meet
day of December of each year. Immediately after
the meeting of the stockholders and on the same
day and such annual meet ng of D rectors shall be
a meeting of the board as constituted By the cleo
ton of Directors at the stockholders meeting OF the
same day.
The Board of Directors at such annual meeting
shall elect from their own number President and
Vice President and shall appoint Gen eral Mama
ger. Secretary and Treasurer and such other Of
fcers and agents as they may deem necessary for
the transact on of the business of the company.
The Board Of Directors shall have power to es-
tablish bylaws.
If for any reason there shall be ia lure to elect
Directors By the stockholders to elect appoint
officers or agents b the Board of Directors upon
the days or at the meetings above herein specified
Tor such election or appointments. such elections
or appo ntments may be held or made at any adj
journed meeting OF such yearly meet IS or at any
subsequent regular special meet ng OF said
stockholders Directors respectively,to be called
and held in such manner and at such times as
the bylaws may prescribe; all Directors elected
by the stockholders. and all officers and agents
elected and Apo nted BY the ID rectors shall hold
their Offices until the successors shall be duly
elected or appointed, provided that all officers and
agents created by and IN the discreet on of the Dir
rectors may in their discretion be abolished.
ar j lie T. The number and amount OF the
shares OF the capital stock of this corporation
shall be thousand (l.000) shares of twenty-five
(S25) dollars each.
In testimony whereof we have hereto subscribed
our names and affixed our seals this thirtieth day
ofNovember, 1886.
Signed presence of;
ROBERT L. CoSGRovE,
L. b. BUSCH