St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-07
A RrIcLEs oE INTERPRETATIONS OF THE

RTICIES OF INCORPORATION OF TfE
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 (3D 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 thereon ana 40
hereby agree upon and adopt the following articles
of Inc rporatiOn:
Artic1, 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. sell
ing and 'aling in personal securities, furnishing
its subscribers with in1ormation in regard to the
business standing of part es, the issuing OF q
monthly retailers protect 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 transacting the business of said corpora
ton shall be in the City of Saint Paul. the state
of Minnesota.
Article 2. The time of the commencement Of
this corporation shall be the first day of D GEM
Der, A. d. 1856, and the period of its cont nuance
shall be thirty (3O) years from the first day OF De-
cember, 1896.
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 as the Board OF Di-
rectors shall direct.
Article 4. The highest amount of Indebtedness
or liability to which this corpora ion shall at any
time be subject, shall be the sum of ten thou
sand dollars (sl0,00u).
Art 5. The n. m s and places of residence of
the persons forming this corporation are, <. w.
Leonard, w. A. Barr. l. Leonard, ]. F. Merrill.
e. 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 manage mt of its affairs shall be vested
in a board or five Directors. three of whom shall
constitute quorum and such officers and agents
q such Board OF Directors shall elect or appoint.
The names of the first Board of Directors are,
E. w. Leonard, B. P. Baker, X. K. Leonard, L.
Leonard and S. Neuman. The said board shall
hold office until their successors are elected at the
first annual meeting OF the stockholders OF TINS cor
poratiOn, hereinafter provided for, and until
such successors shall have quail fed.
The officers of this corporation shall be Presi-
dent, Vice President. a General Manager and a
Secretary and Treasurer, and the offices of Sec
rotary and Treasurer may be held by one person.
and of President 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 o.hcers OF
this corporation, E. w. Leonard shall be President
and General Manager. B. P Baker Vice Presid ent
and r. e. Leonard Secretary and Treasurer. The
Board of Directors shall hold their annual meet
ing at the Office of the company on the first Tues
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
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 resident and shall appoint Gen eral Mana
ger, Secretary and Treasurer and such other Of
ticers and agents they may deem neee -sary for
transaction
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 or appoint
officers agents By the Board of Directors upon
the days or at the meetings above herein specIhed
for such election or appointments. such elections
Apo ntments may be held or made at any ad
journed meeting OF such yearly meet IS or at any
subsequent regular special meeting 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 uted By the d rectors shall hold
their Offices until their successors shall be dulr
elected appointed, provided that all officers and
agents created by and in the discreet OF the DE-
rectcrs may in their discretion be abolished.
AT j ie 7. The number and amount of the
shares OF the capital stock of this corporation
shall be thousand (l.0G0) shares of twenty-five
($25) dollars each.
In testimony whereof we have hereto subscribed
our names and affixed Our seals this thrtieth day
of November, 1896.
Signed n presence of;
ROBERT L. CoSGROvE,
L. B. BUSCH.