ALASKA. 273 



also keep a correct tecord 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 offlcers of the company shall 

 be determined, from time to time, by the board of trustees. 



XI. The president of the company shall have power to ap- 

 point and employ such general business agents, factors, attor- 

 neys, clerks, and other employes as he may deem proper and 

 requisite for conducting the business and affairs of the com- 

 pany ; and he shall fix the pay, commissions, or salaries of all 

 such agents, factors, attorneys, clerks, and other employes, 

 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 States, or made for the 

 use or benefit of any citizen or citizens of any foreign govern- 

 ment, 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 ac- 

 cordance with law. 



XIV. These by-laws may be altered or amended by the 

 board of trustees in the manner prescribed by law. 



18 AL 



