THE F1MJ-SKAL INDUSTRY OF ALASKA. 387 



paper of general circulation in S;m Francisco 1'or ten days successively iiext preceding the day of 

 meeting, and no business other thai: that specified in the notice shall be transacted at such special 

 meeting. At all meetings of the board any three of the trustees being present shall constitute a 

 quorum for the transaction of the business of the company. Adjourned meetings may be held in 

 pursuance of a resolution of the board adopted at any regular or general meeting of the board. 

 Any three trustees elected at any annual meeting of the stockholders of the company, and being 

 present at the close of such stockholders' meeting may, on the same day, without notice to any of 

 the trustees, meet and organize the board by the election of officers, and may transact such other 

 business as may come before the board at such meeting. 



IV. The officers of the company shall consist of a president, a vice-president, and a secretary, 

 who shall be chosen by the board of trustees at their first meeting after the annual election of 

 trustees ; such officers to hold office one year, or until their successors are elected. 



V. The president, or in his absence the vice-president, shall preside at the meetings of the 

 board. In case neither is present, the board may appoint a president pro tempore. 



VI. All vacancies in the board may be filled by the board at the next meeting after the exist- 

 ence of such vacancy, and it shall require the affirmative vote of three trustees to elect. In case 

 of any vacancy occurring among the officers or agents of the company, the same may be filled at 

 any meeting of the board. 



VII. All certificates of the capital stock of the company shall be signed by the president and 

 secretary, attested by the corporate seal of the company, and can be issued to the parties entitled 

 thereto or their authorized agent. All transfers of stock shall be made on the books of the com- 

 pany by the secretary, upon surrender of the original certificate or certificates, properly indorsed 

 by the party in whose favor the same was issued. No stock shall be transferred to any person 

 not a stockholder of the company at the time of such transfer, unless the same shall have been 

 oftered for sale to the company, or stockholders of the company, and the purchase at the fair cash 

 or market value refused, except by authority of a resolution of the board of trustees permitting 

 such transfer. 



VIII. The corporate seal of the company consists of a die of the following words: "Alaska 

 Commercial Company, San Francisco, California/' 



IX. The corporate seal, and all property, securities, interests, and business of the company, 

 shall be under the control and general management of the president, subject to the direction of 

 the board of trustees. The funds of the company shall be deposited (from time to time as they 

 are received) to the credit of the company, with a bank doing business in San Francisco, to be 

 designated by the president, and the said funds can be drawn from such bank only by proper 

 checks or drafts, signed by the president or vice-president of the company. The books of the 

 company shall be kept by the secretary, who shall also keep a correct record of all the proceed- 

 ings of the board of trustees had at their meetings, and perform such other duties as the board of 

 trustees may require. 



X. The pay and salaries of all officers of the company shall be determined, from time to time, 

 by the board ot trustees. 



XI. The president of the company shall have power to appoint and employ such general busi- 

 ness agents, factors, attorneys, clerks, and other employe's as he may deem proper and requisite 

 for conducting the business and affairs of the company ; and he shall fix the pay, commissions, or 

 salaries of all such agents, factors, attorneys, clerks, and other employe's, from time to time, as 

 circumstances shall require. 



