St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-17


II the undersigned, do hereby associate
ourselves together for the purpose of becom-
ing Corporation under and pursuant to the
provisions of title Two (2), Chapter "a OF the
General Statutes of the State of Minnesota
and the several acts amendatory thereto anC
thereof, and for said purpose. do hereby sigl
aid adopt the following articles OF incor
pOratiOn:
ARTICLE I.
The name of this Corporation shall be "The
Publishers Collection Agency" lis business
shall be limited to the collection of outstand
ing accounts and Indebtedness of any ano
all kinds, throughout the United States and
Canada, and its principal Office shall be in
the City of st. Paul, Ramsey County, Mime
sofa.
ARTICLE II.
The time of commencement of this Cor:
poration shall be Ne LIST day of February,
A. D. 1895. and it shaN continue for period
OF twenty years.
ARTICLE III.
The capital stock of said Corporation shall
be the sum of Twenty-Five Thousand b D.
lars (S25. U00.00l. and shall be divided into
two hundred and fifty (250) shares, with PAL
value of One Hundred Dollars (SlG.0O each.
ARTICLE ".
The highest amount OF Indebtedness OF
liability to which this corporation shall al
any time be subject shall be the sum OF One
Thousand Dollars (Sl,0j0.00).
ARTICLE Y.
The names and places Of residence of the
persons forming this Corporation are as fol
lows:
Benjamin F. Gilkison. St Paul, MINI.
Charles Ward, St. Paul, MINI.
William e. Curruthers, ST. Paul. Mimi.
Edward &. Beyl, ST. Paul, MINI.
Frank E. Encell, st. Paul, Mimi.
ARTICLE VI.
The Government of this Corporation shall
be vested in q President, Vice President.
Secretary, Treasurer, Attorney and Il Board
of five Directors. Directors shall be stock
holders and elected for one year at the an
nual meeting, which shall be held III st.
Paul. Minnesota. at 3 o'clock p. III. or the
first Tuesday of January III each year here
after. Owners of stock shall be entitled to
one vote for each share. The Board of Di-
rectors shall annually. within one day after
the annual stockholders meeting, meet and
elect a President, Vice President. Secretary,
Treasurer and Attorney. from its members.
Oticers shall hold office for the term of one
wear and until their successors are elected
and qualified. The Board OF Directors may
SUSPEND or remove any officer for cause.
The President shall have the general tinan-
cial management of the affairs of said Cor
poration; preside at all meetings of it and
the Board; employ all employees, and reside
in ST. Paul Minnesota. Until the first an
nual meeting, said Board shall consist of
Benjamin F.. Gilkison. Charles Ward, Will
lam E. Carruthers, Edward q. Beyl and
Frank L. Encell; and said Benjamin F,
GIlkison shall be President, Charles Ward,
Vice President; William E. Carruthers
Secretary; Edward G. Beyl, Treasurer, and
Frank L. Encell, Attorney.
ARTICLE VII.
Special meetings of the corporation may
be called by order of the president or BY
notice i'll writing. signed by the secretary
and mailed to each of the stockholders five
DAYS before the time of such meeting. Spe-
cial meetings of the board, for the transac-
Of hrJSi ms r
sonal notice of one day, given by the presl-
dent or any officer by his direction. or by
written notice, mailed three days before the
time of its meeting.
ARTICLE VIII.
Said corporation may purchase its own
stock and retire or e3tinguiSh the same. and
NAV hold such stock without mergOr or eX-
tinguishment and sell or reissue the same on
such terms, at such times and under such
conditions as may be determined by the
board of directors.
ARTICLE *.
The board of directors has the following
powers, viz: 1. In case of three or more
vacancies the remaining members or men,
Der thereof may appoint one or more men,
bers thereof SO that the total number then
in office shall not be more or less than three :;
Whereupon @ majority of said three shall
appoint two more directors and all APP
pointees to fill vacancies shall. unless sus
pended or removed by said board, hold office
of the board 2. Said board. by II majority
present and voting, may fill any vacancy in
the board. the officers or agents of the corpo-
ration. 3 Appoint other officers or agents
named herein. 4. Prescribe the compensa-
ton duties and Obligations of all officers,
agents ami employees. 5. Suspend or remove
any officer, agent or employe. 6. Make,
adopt, amend and repeal bylaws for the gov
eminent of said corporation and the man
agement of it's affairs; and, Z. Generally
It, colo
of said corpo ration and the full control and
manag ement of its affairs.
ARTICLE K.
No contracts or agree ments on the part of
this corporation shall he valid unless duly
authorized in writing by the president.
In witness whereof, the undersigned have
hereunto set our hands and seals this 18th
day of January, A. d. 1895.
Executed in presence of
NJ. MAXWELL,