THE FUR-SEAL ISLANDS OF ALASKA. 155 



T. The president, or in his absence the vice-president, shall preside at the meeti' gs 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 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. 



TIL 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 company 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 offered 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. 



Till. 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 |f 

 the company shall be deposited (from time to time as they are received) to the credit of the company, with ft 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 proceedings 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 th# bod of 

 trustees. 



XL The president of the company shall have power to appoint and employ such general business Agents, 

 factors, attorneys, clerks, and other employes 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. 



XII. All transfers of the capital stock of this company, made to persons not citizens of the United jStates, or 

 made for the use or benefit of any citizen or citizens of any foreign government, are absolutely void. 



XIII. Dividends from the net profits of the company may be declared and paid by order of the board of 

 trustees, in accordance with law. 



XIT. These by-laws may be altered or amended by the board of trustees in the manner prescribed by law. 



REGULATIONS FOR CONDUCT OF AFFAIRS ON THE SEAL-ISLANDS. 



OFFICE ALASKA COMMERCIAL COMPANY, 



SAN FRANCISCO, January, 1872. 



The following regulations are prescribed for the guidance of all concerned: 



1. The general management of the company's afl'airs on the islands of St. Paul and St. George is intrusted 

 to one general agent, whose lawful orders and directions must be implicitly obeyed by all subordinate agents and 

 employes. 



*2. Seals can only be taken on the islands during the months of June, July, September, and October in each 

 year, except those killed by the native inhabitants, for food and clothing, under regulations prescribed by the 

 Secretary of the Treasury. Female seals and seals less than one year old will not be killed at any time, and the 

 killing of seals in the waters surrounding the islands, or on or about the rookeries, beaches, cliffs, or rocka, where 

 they haul up from the sea to remain, or by the use of fire arms, or any other means tending to drive the seals away 

 from the islands, is expressly forbidden. 



3. The use of fire-arms on the islands, during the period from the first arrival of seals in the spring season until 

 they disappear from the islands in autumn, is prohibited. 



4. No dogs will be permitted on the islands. 



5. No person will be permitted to kill seals for their skins 011 the islands, except under the supervision and 

 authority of the agents of the company. 



6. No vessels other than those employed by the company, or vessels of the United States, will be permitted to 

 touch at the islands, or to land any persons or merchandise thereon, except in cases of shipwreck or vessels in 

 distress. 



*7. The number of seals which may be annually killed for their skins on St. Paul island is limited to 75,000, 

 and the number which may be so killed on St. George island is limited to 25,000. 



"Sections 2 and 7 of t lie above regulations were based upon the law of July 1, 1870 ; l>nt since then Congress has given the Secretary of 

 the Treasury the power to fix the ratio for each island upon a more intelligent understanding of the subjct, and also to extend the time 

 for taking ^al-bkins. from the 1st of June up to the loth of August. H. W. E. 



