St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-11
EDMUND RICE, JR.,

A RTICLES OF INCORPORATION OF TIE
n Saint Paul Collection Bureau. We, the
undersigned, do hereby associate ourselves to
gether as a corporation untsr the provisions
of title two (2) of chapter tn rty-four (9D o.
the General Statutes OF the state of Minnesota
1873, and the sections applying to corporations
organ ized under said title and the acts supple
mentary thereto. and aNSndaiery thereof, and 80
hereby agree uFoa and adopt the following articles
of Inc 'rsorati N:
Articl l. The name of this corporation shall
be the "2aint Paul Collection Bureau The
general nature Of the business Of this corporation
shall be the collection buying. selling aud dealing
n curregt ana delinquent accounts. buying. sell
ing ans alfng il personal securities, furnish Nc
its subscY bers with in1ormation IN regard to the
business standing Of parties, the issuing OF a
monthls retailers protect reporter for the pro-
tie ttion of lis subscribers 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 Tar as may be necessary
in carrying on t. general business. The principal
place OF transactng the business OF said corpora
ton shall be in the City OF saint Paul, in the State
OF Minnesota.
Article p The time of the commencement of
this corporation shall be the FIRST day of D,"eTi-
Der, A D. 1885, and the period Of its coat nuance
shall be thrty 500 years from the first day OF De-
cember. 1886.
Article g. The amount of capital stock of this
corporation shah be twenty-five thousand dollars.
which shall re paid III money or other propert, at
such times and "a such mel aer as the Board OF Di-
rectOrs shall direct.
Article T. The hi chest amount of indebtedness
or liability to which this corpora ion shall at any
time be subject. shall De the sum of ten thou
sand liars $50, G0s).
AT cle5 The asm and places Of residence of
the persons forming this corporation are u. w.
Leonard, w. A. Barr, l. Leonard, j. +. Merrill.
R L. Leonard, B. p. Beker aud samuel Neuman,
all of Saint Paul. in the County OF Ramsey and
State of Minnesota.
Article6. The government of this corporation
and the manas m ent OF its affairs shall Dc vested
in a board OF FIVE Directors three of whom shall
constitute quorum and such officers and agents
q such Board OF Directors shall slsat or appoint.
The names OF the first Board of Directors are,
f. w. Leonard B. F. Baker, r. K. Leonard. l..
Leonard and 8. Neuman. The said board shall
hold Office until their are elected at the
frat annual meeting of the stockholders of this cor.
poration, hereinafter provided for. and until
such successors shall have qualified.
The officers of this corporations shall be Presi-
deat a yics President! General Manager and
Secretary and Ire asurer, ana the offices OF Sec
retxry 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 NJ of the stockholders of this
corporation shall be held on the first TUESDAY of
December in each ysar 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 officers OF
this corporation, E. w. Leonard shall be President
and General Manager. Is. +. Baker Vice Presi4 ent
and r. q. Leonard Secretary and Treasurer. The
Board of Directors shall hold their annual meet
ing at the oiiice 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 meeting 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 hoard of Directors at such annual meeting
shall elect from their own number a President and
Vice President and shah appoint Cen erai Mana
ger. Secretary and Treasurer and such other Of
fcers and agents as they may deem necessary for
the transaction OF the business of the company.
The Board Of Directors shall have power to es-
tablsh bylaws.
If for any reason there shall be fa lure to elect
Directors by the stockholders to elect or appoint
officers agents b. the Board OF Directors uPea
the days or ct the meetings above herein speeihed
Tor such election or appointments, such elections
journed meeting OF such yearly meet nys or at any
subsequent regular special meeting oil said
stockholders Directors respectively, to be called
and held in such manner and at such tunes as
the bylaws may prescribe; all Directors elected
by the stockholders. and all officers and agents
elected and appointed By tbs Directors shall held
their Offices until their successors shall be duly
elected or appointed, provided that all sfncers and
agents created BY and in the discreet on OF the Dr.
rectors may in their discretion be abolished.
Aricle Z. The number and amount OF the
shares OF the capital stock of this corporation
shall be one thousand Q.000) shares of twenty-five
(S25) dollars each.
In testimony whereof we have hereto subscribed
our names and affixed our seals this thirtieth day
ofNovember, 1886.
Signed n presence OF;
ROBERT L. CosGRovE,
/. B. BUSCH.