Valdez daily prospector., 1913-12-05
mitted to do business in this Terri.

account for their official conduct in the management and disposition of the funds, property and business com- mitted to their charge.
 2. To order, decree and compel payment by them to the corporation which they represent, and to it's creditors of all sums of money and all the value of all property which they may have acquired to themselv- es, or transferred to others, or may have lost or wasted by any violation of their duties or abuse of their DOW. CTS, by such directors, managers, trustees or other officers of such cor poration.
 tee, manager or other officer from exercising his office whensoever it shall appear that he has abused his trust.
 4. To remove any such director, trustee or other officer upon proof or conviction of gross misconduct.
 ,. To direct, if necessary, new elections to be he'd by the body or board of stockholders, duly authoriz- ed for that purpose, to supply any vacancy created by such removal, and at such election no person so remov- ed or suspended shall be eligible as a director, trustee or other officer to such company
 6. To restrain and prevent any alienation of property of the corpora tion by said directors, trustees or oth- CT officers in cases where it may be threatened. or there is good reason to apprehend that it is intended to be made in fraud of the rights and in terests of such company.
 Sec. IS. An action may be brought, as prescribed in section F, by the United States attorneys of the sever al judicial divisions of the Terri tory, or by the attorney general of the Territory of Alaska, when such office is created and the officer ap- pointed thereto, in behalf of the peo- pie of the Territory, or, except where the action is brought for the pur- pose specified in subdivisions III, " or V Of said section IT, by creditor of the corporation, or by trustee. director, manager, or other officer of the corporation, having general superintendence of it's concerns.
 Sec. 19. The stockholders of any corporation formed under this act shall have the power to make such bylaws as they deem proper for the management of the affairs of the cor poration, not inconsistent with the provisions of this act. or of other eX- isting laws, provided, however, the articles of incorporation may vest in the board of directors of any corpor- ation formed under this act the all- thority to make, and to adopt by laws, subject, however, to the right of a majority of the stockholders to amend, repeal, alter or modify such bylaws, so made and adopted by such
 
 meeting or at any special meeting call ed for such purpose.
 Sec. 20 Every corporation formed under this act, shall have at it's of flee within the Territory, in the GUS tody of it's proper officer, correct books of account of it's business trans action which, or a full transcript thereof shall be produced at said place of business within five days on the demand of any stockholder for inspection, and also stock book which shall be open daily for inspec- tion at reasonable times to any of it's stockholders, containing an alphabet ical list of the stockholders of the corporation showing their places of residence, the number of shares held by them respectively, the dates when they respectively become owners thereof, and the amount paid there on. The officer ot the corporation io whose custody, under the bylaws, tile book or books in question are com mitted. or in the absence oI express provision of the bylaws committing the custody of such books to specified officer, then the president of the cor poration, shall pay penalty of fifty ($5O) dollars for every day he shall neglect to keep: such books and shall fail to permit the inspection thereof as in this section provided and such penalty shall be recovered in an ac- tion by an aggrieved stockholder. l Sec. 21. Every corporation organ ized under this act, may, at a meet ing of stockholders duly called for the purpose, by a vote of two-thirds of all it's stock, amend its articles of