St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-08

A RTICLES OF INCORPORATION OF THE
IA Saint Paul Collection Bureau. We. the
undersigned, do hereby associate ourselves to-
gether as a corporation under the provisions
of title two (2) of chapter tn rty-four (S4) 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 amendatory thereof, and do
hereby agree upon and adopt the following articles
of Inc IrporatiOn:
Articls |. 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 deaiing
II current and delinquent accounts. buying. sell
ing and .eling in personal securities, furnishing
its suhser .bers With information in regard to the
business standing of part es, the issuing OF d
monthly retailers protect We renorfer ior the pro-
tecto2 CT + sGDscrioors and patrons asa,hse
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 De necessary
in carrying on It's general business. Inc prncipaI
pla of transacting the business of said corpora
ton shall be in the City OF Saint Paul. the Sta'e
of Minnesota
this corporation shall be the first day OF Dacem-
Der, A D. 1886, and the period of its cont nuance
shall be thirty 500 years from the hrst Gay OIL pe
cember. 1856.
Article 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 Ter as the Board Oh d.
rectors shall direct.
Article L. The highest amount of Indebtedness
or liability to which this corpora ion shall at any
time be subject, shall pc the sum OF ten thou
sand dollars (sl0,00).
Ar 5. The n, m S and places OF residence OIL
the persons formins this corporation are, f. W.
Leonard, W. A. Barr. |. Leonard. j. T. Merrill,
K. Leonard b. p. Baker and Samuel Neuman,
all of Saint Paul. in the County OF Ramsey and
State of Minnesota.
Article g. The government of this corporation
and the manag, m mt OF its affairs shall be vested
in board OF five Directors three OF whom shail
constitute quorum and such omcers anu agents
a such Board of Directors shall elect or appoint
The names of the first Board of directors are,
e. w. Leonard, B. p. Baker, H. u: Leonard L;
Leonard and s. Neuman. The said board shal
hold Office until their successors are elected AT the
first annual meeting of the stockholders OF this cor
poration, as hereinafter provided for, and until
such successors shall have quail lied
The officers of this corporation shall be Presl-
dent, Vice President. General Manager and a
Secretary and Treasurer, and the ot1lces 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 TINS 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 oncers OF
this corporation E. w. Leonard shall De fresiueht
and General Manager. B. +. Baker vice fresiu ent
and r. E. Leonard Secretary and Treasurer. Inc
Board of Directors shall ho.d their annual meet
ing at the Office of the company on the hrst Iues-
dav of December of each year. Immediately atter
the meeting of the stockholders and on the same
day and such annual meet ne OF Directors shali pc
a meeting of the board as constituted oy the elec-
ton of Directors at the stockholders meeting Oh 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 otner OF
ficers and agents they may deem nece >sary lot
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 OF at the meetings above herein specihed
for such election or appointments such elections
or appointments may be held or made at any al
journed meeting or such yearly meet n5s or at any
stockholders or Directors respectvelyto 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 ana agents
elected and appointed by the .rectors shall noia
their offices until their successors shall be duly
elected or appointed provided that all officers and
AGENTS created by and IN the discreet Oh OF the Dr.
rectors may in their discretion be abolished.
Arile T. The number and amount OF the
shares OF the capital stock Of this corporation
shall be one thousand (lO00) shares OF twenty-five
($25) dollars each.
In testimony whereof we have hereto subscribed
our names and athxed our sealS tnIs tnlruetn oaJ
of November, 1886.
Signed n presence OF:
ROBERT l.. CoSGROVE,
L. B. BUSCH.