St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-08
A RTIcLEs OF INCORPORATION OF THE

A RTICLES OF INCORPORATION OF THE
"A 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 (3D OF
the General Statutes OF the state of Minnesota
1878, and the sections applying to corporations
organized under said title and the acts supple
mentary thereto, and amendatory thereof, and do
hereby agree ufon and adopt the following articles
of Inc rporation:
Articl. |. 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
current and delinquent accounts, buying, sen
ing and ,aling in personal securities, furnishing
its subscrib ers with information in regard to the
business standing of part es. the issuing Oh
monthly retailers rrotect rerorter for the pro-
lection CT Is s-1srri1ers and patrons against
parties who have had their credit impaired IN
various ways
And said corporation shall have power to buy
sell own real estate so far as may be necessary
in carrying its general business. The principal
pla of transacting the business OF said corpora
ton shall be in the City Of Saint Paul. the state
of Minnesota
Article O. The time of the commencement Of
this corporation shall be the first day of Decem-
ber A. D. 1886, and the period of its coat nuance
shall be thirty (3O) years from the first day OIL De-
cember, 1885,
Article 8 The amount of capital stock of this
corpora ton shall be twenty-five thousand dollars,
which shall lie paid in money other property at
such times and in such man Ter as the Board OF Dr.
rectOrs shall direct.
Article 4 The highest amount of Indebtedness
liability to which this corpora ion shall at any
time be subject, shall be the sum OF ten thou
sand d 'ilars (sl0,00O
Arr 5. The s and places OF res dence OIL
the persons forming this corporation are, E. W.
Leonard, w. A. Barr, l. Leonard, j. f. Merrill
Z. Leonard, b. P. Baker and Samuel Neuman
all of Saint Paul in the County OF Ramsey ana
State of Minnesota.
Article g. The government of this corporation
and the msnag mt OF its affairs shall be vested
in board OF five Directors. three OF whom shal
constitute quorum and such ofhcers ana agents
a such Board of Directors shall elect appoint.
The names of the first Board or Directors are,
E. w. Leonard B. p. Baker, K Il. Leonard, L:
Leonard and 8. Neuman The said board snail
hold Office until their successors are elected at the
first annual meeting of the stockholders Oh THIS cor
poration, as hereinafter provided for, and until
such successors shall have quail fed
The officers of this corporation shall be Presl-
dent Vice President a General Manager and
Secretary and a 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 Oh
December in each year at the ohce Oh 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 OIL
this corporation e. w. Leonard shall De rresiGent
and General Manager B. p. Baker Vice PresId ent
and K E. Leonard Secretary and Treasurer. Tne
Board of Directors shall hold their annual meet
ing at the Office OF the company on the first tues
day of December of ca n year, immediately alter
the meeting of the stockholders and on the same
day and such annual meet ng OF Directors shal! De
q meeting of the board constituted by the elec-
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 a President ana
Vice Pres dent and shall appoint Gen erai Mana
ger Secretary and Treasurer and such other Oh
fcers and agents as they may deem necessary LOT
the transaction of the business OF the compa n.y.
The Board Ut Directors shall have power 10 es-
tablish bylaws.
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 or at the meetings above herein specheu
for such election or appointments, such elecilohs
or APPOINTMENTS may be held or made at any ad-
iourned meeting or such yearly meet ngs or at any
subsequent regular or special meeting OF sala
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 and agents
elected and appo nted by the ID .rectors snal nold
their Offices until their successors shall be duly
elected or appointed provided that all ohcers and
agents created by and IN the discreet on OF the d.
rectors may in their discretion be abolished.
Ari:le Z. The number and amount OF the
shares OF the capital stock of this corporation
shall be one thousand (l.0OO shares OF twenty-five
(S25) dollars each.
In testimony whereof we have hereto subscribed
our names and affixed our seals this tnlrtleth Gay
of November 1886.
Signed n presence of;
ROBERT L. CosGRovE,
l. Il. BUSCH.