272 ALASKA. 



may transact such other busiuessas may come before the board 

 at such meetiug. 



TV. The officers of tbe 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 elec- 

 tion of trustees ; such-otTicers to hold office one year, or until 

 their successors are elected. 



V. The president, or in his absence the yice-president, shall 

 preside at the meetings of the board. In case neither are pres- 

 ent, the board may appoint a i)resident j>ro tempore. 



VI. xVll vacancies in the board may be filled by the board at 

 the next meeting after the existence 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. 



YII. All certificates of the capital stock of the company 

 shall be signed by the president and secretary, attested by 

 the corporate seal of the comj^any, and can be issued to the 

 parties entitled thereto or their authorized agent. All trans- 

 fers of stock shall be made on the books of the company by 

 the secretary, upon surrender of the original certificate or cer- 

 tificates, 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 offered for sale to the com- 

 pany, 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. 



YIII. 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 i^roperty, securities, inter- 

 ests, and business of the company, shall be under the control 

 and general management of the president, subject td the di- 

 rection of the board of trustees. The funds of the comj)any 

 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 



