St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-06
ARTICLES OF INCORPORATION
OF THR
Saint Paul Coil ,Ct'n Burc' 4. !.

We. the undersigned do hereby associate our
selves together as q corporation under the pro
visions OF title two (2) of chapter III rtyfour (3D
of the General Statutes OF the State of Minnesota.
1873, and the sections applying to corporations
mentary thereto. and amendaory thereof ana do
hereby agree VI o. and adopt the following articles
of incorporation:
ARTICLE l.
The name o. IS corporation shall be the saint
Paul Collection Bureau The general nature OF
the business of this corporation shall be the oil
lection, buying, selling and dealing current and
delinquent accounts. buying. selling and aling
in personal securities, furnishing its subscribers
with inIoim ,tion in regard to the business stand
ing of part es. the issuing OF monthiv retailers
protect reporter for the protection OF ITS SUD-
scrbers and patrons against parties who have had
the r credit impaired in various ways.
And said corporal on shall have power to buy,
sell or own real estate far may be necessary
in carrying its general business The principal
plal of transacting 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.
1856, and the period of its cont nuance shall be
thirty (30) years from the first day of December,
1856.
ARTICLE Ill.
The amount of capital stock of this corporation
shall be twenty-five thousand dollars, which snail
be paid in money or other property at such times
and IN such manner as the Board OF Directors snail
direct.
ARTICLE ".
The highest amount of Indebtedness or liability
to which this corpo shall at any time be sub
ject, shall be the sum of ten thousand dollars
(sl0,000).
ARTICLE v.
The Ms IN IS and places of residence of the persons
forming TINS corporation are Il. W. Leonard, w
A. Barr l. Leonard, j. +. Merrill, Il k. Leonard,
b. 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
manage m Mt OF its affairs shall be vested IN
board .. i've Directors. three of whom shall con-
stitute quorum and such oftlcers ana agents -
such Board OF d rectors shall ele or appoint.
The names of the first Board Of Directors are,
E. w. Leonard, B. P. Baker, K u; Leonard, l;
Leonard and S. Neuman. The said ooara snaL
hold Office until their successors are elected AT the
first aunu meeting of the stockholders OF this cor
poration, as hereinafter provided Tor, ana untI
such successors shall have quail hed.
The officers of this corporation shall be Fresl-
dent a Vice President a General Manager and
Secretary and Treasurer. and the Offices OF Sec
rotary and Treasurer may be held oy one person
and of Pres dent and General Manager may also
be held by one person -.
Thstapnual meet NJ of the stockholders of this
CORPORATION snail be held on the first Tuesday OF
December in each year at the ONCE OIL TINS cofPor-
alton.
Until the first Board of Directors have been elect
ed at the first annual meet ng of this corporation
and unit such board nave e ected the obcers OF
this corporation, 4. w. Leonard shall be Pres ent
and General Manager. B. p. Baker Vice Presld ent
and K. K. Leonard Secretary and Treasurer. The
Board of Directors shall hold their annual meet
ing at.the Office of the company on the hrst tues
dayl EFF December of each year, Immediately alter
the meeting of the stockholders and on the same
day.and such annual meet of ID rectors shall be
4 meeting of the board as constituted oy the elec-
ton of Directors at the stockholders meeting OF the
same day.
| 1he Board of Directors at such annual meeting
shall elect from their number President and
| Vice President and shall appoint Genera Mana
ger secretary and Treasurer ami such other Of
ticers and agents as they may deem necessary LOT
the transact on OF the business OF the compa ny.
The Board # Directors snail have power to es-
| tablish bylaws.
If for any reason there shall be IA lure to elect
Directors by the stockholders to elect or appoint
officers or agents b the Board of Directors upon
the days at the meetings above herein speeinsd
Tor such election appointments, such elections
! or appo ntments may be held or made at any ad
iourned meeting such yearly meet n IS or at any
! subsequent regular special meeting OF SAD
stockholders or Directors respectivelyto be called
and held in such manner ana at such times as
| the bylaws may prescribe; all Directors elected
! by the stockholders. and all officers and agents
elected and appointed BY the rectors shall hold
| their offices until the successors shall be ouly
elected or appointed provided that all officers and
AGENTS created BY and the discreet on OF the Dl-
rectors mag 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 (l,O0) shares of twenty-five (s25) dollars
each.