Page:United States Statutes at Large Volume 32 Part 1.djvu/1012

 FIFTY-SEVENTH CONGRESS. Sess. II. Ch. 978. 1903. 947 Sec. 5. That title three of said Act be amended by adding thereto New chapters. the following “CHAP'1`ER Tmarr-snvnn. "oF THE FORMATION or PRIVATE CORPORATIONS. " Snort0N 1. That three or more adult persons, bona Bde residents au*;'Qg1?,;°e§,°’P°”“°” of the district of Alaska, may form a corporation in the manner and ` subject to the limitations provided in this chapter for the following purposes, to wit: "First. To construct, own, and operate railroads, tramways, street P¤rp¤s<>¤· railways, wagon roads, canals, ilumes, and telegraph and telephone lines in Alaska. "Second. To acquire, hold, and o crate mines in Alaska. “ Third. To carry on the fisher industry in all its branches in Alaska and in the waters contiguous and, adjacent thereto. ‘ ‘ Fourth. To construetand operate smelters, electric and other wer and lighting plants, docks, wharves, elevators, warehouses, and hbtels in Alaska. "Fifth. To carry on trade, transportation, agriculture, lumbering, and manufacturing in Alaska. “Sec. 2. That any three or more persons who may desire to form a A¤’¤¤1¤¤¤¤¥>¢¤1<>d- corporation for one or more of the purposes specified in the preceding section shall make and subscribe written articles of incorporation in triplicate and acknowledge the same before any officer authorized to take the acknowledgment of deeds, and file one of such articles in the office of the secretary of the district of Alaska, and another in the office of the clerk of the district court of the recording division in which the principal place of business of the company is intended to be located, and retain the third in the possession of the corporation, and each copy so Bled shall be recorded by the officer with w om Bled in a book to be ke t by him for that purpose. " Said articles shall contain and state: Contents. "First. The name of the co ration, the nature and character of the business, and the principal plide of transacting the same. "Second. The time of commencement and the period of continuance of said corporation, which shall not exceed fifty years. "Third. The amount of capital stock of said corporation, and how the same shall be id in, and the number and par value of the shares. "Fourth. The highest amount of indebtedness or liability to which said co oration shall at any time be subject. "Fifltll. The names and places of residence of the persons forming such co oration. " Sixth). The names of the first board of directors, and in what officers or persons the government of the corporation and the management of its affairs shall be vested, and when the same shall be elected and their terms of office. " Seventh. Said articles of incorporation may be amended when authorized by the vote of a majority of the stock given at a regular ineetin of the stockholders. Such amended articles shall be executed and acknowledged by the board of directors, or a majority of them, and shall be filed and recorded in the same places and manner as the original articles. " Sec. 3. That a copy of any articles of incorporation Bled pursuant c0F¤¢<=¢ of ¤¤f¤¤¤¤ to this chapter, and certiiied by the clerk of the district court in which py' the same is Bled, or one of his deputies, or by the secretary of the district of Alaska, shall be received as prima facie evidence of the facts therein stated. " Sec. 4. That when the articles of incorporation have been Bled and ch*;;t‘;$¤°°¤f°¤°d b? recorded, the persons who have executed and acknowledged the same, `