St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-10
A RTIcLEs or 1NcoRpoRATloN or THE

"A
II saint Paul Collection Bureau. We tae
undersigned, CO hereby associate ourselves TO-
gether as corporation under the prov-s-oas
OF title two (2) OF chapter tn rty-four (SD of
the General Statutes OF the State of Minnesota.
1878, and the sections applying to corporations
organized under said title and the acts surple-
mentary thereto, and amendatory thereof, ana do
hereby agree upon and adopt the following articles
of Inc rporatiOn:
Article |. The name of this corporation shall
be the saint Paul Collection Bureau" The
general nature of the business of this corporation
shall be the collection, buying. selling and dealing
N currer' and delinquent accounts, buying. sell
ing and ,aling in personal securities, furnishing
its subscr bers with information in regard to the
business standing of part es, the issuing OF
monthly retailers protect reporter for the pro.
lection of its sTbscri5ers and patrons against
parties VINO nave Lad their credit impaired in
various ways.
And said corporation shall have power to buy,
sell or own real estate so far may be necessary
in carrying on its general business. The principal
place of transacting the business OF said corpora
ton shall be in the City of Saint Paul. in the state
of Minnesota.
Article O. The time of the commencement OF
this corporation shall be the first day of Decem-
Der A. d. 1885, 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 man Ter as the Board OF d.
rectors shall direct.
=
or liability to which this corpora ion shall at any
time be subject, shall pc the sum of ten thou
sand dollars $4,000.
Arr IS. The nam e and places of residence OF
the persons forming this corporation are, Z. w.
Leonard, w. A. Barr, l. Leonard j. f. Merrill.
r f. Leonard, B. P. Baker and samuel Neuman,
all of Saint Paul, in the County OF Ramsey and
State of Minnesota.
Article 6. The government of this corporation
and the manag, m mt OF its affairs shall be vested
in board OF five Directors three Of whom shall
4 oh and
8 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. l.
Leonard and S. Neuman. The said board shall
hold Office until their successors elected at the
first annual meeting of the stockholders OF this cor
pOration, as hereinafter provided for, and until
such successors shall have qualified.
The officers of this corporation shall be Presl-
dent, Vice President. a General Manager ana
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 ohcers OIL
this corporation, E. w. Leonard shall be resdent
and General Manager, B. P. Baker Vice Presid ent
and K. E. Leonard Secretary and Treasurer. The
Board of Directors shall hold their annual meet
Il
day of December of each year. Immediately 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 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 Mana
ger. Secretary and Treasurer and such other Of
ficers and agents they may deem necessary for
the transaction 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 by the Board of Directors upon
the days at the meetings above herein specified
Tor such election or appointments. such elections
or appo ntments may be held or made at any ad-
iourned meeting such yearly meet IS or at any
subsequent regular or special meeting OF SAID
stockholders Directors respectvely,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 appointed by the Directors shall hold
their Offices until their successors shall be duly
elected appointed provided that all officers and
agents created by and in the discreet on OF the Di-
rectors may in their discretion be abolished.
Ari;e Z. The number and amount of the
shares OF the capital stock of this corporation
shall be one thousand (l.O00) shares of twenty-five
(S25) dollars each.
In testimony whereof we have hereto subscribed
our names and affixed our seals this thirteth day
of November, 1886.
Signed n presence OF:
ROBERT l.. CoSGRoyE,
L. B. BUSCH.