Valdez daily prospector., 1913-12-05
TERRITORIAL LAWS PASSED
 TERRITORIAL LEGISLATURE
YOUR INCORPORATE OWN MINING coMPANEs--i UNDERSTAND
 EXPLAIN

AN ACT to make uniform the law of
 business corporations in the, Terri tory of Alaska.
 Be it enacted by the Legislature of
 the Territory of Alaska:
 Section l. That three or more nat ural persons of full age, two-thirds of whom are bona fide residents of the Territory of Alaska, may unite to form g. stock corporation for any law full business purpose or purposes, whose chief business shall be in the Territory Of Alask", except for the purpose of banking, insurance, brok- craze, or loan, trust and guaranty as sociations.
 Sec. ,. That the articles of in- corporation shall be made in itripli cate, signed by each of the incorpor atcrs, acknowledged by at least t. rec of them before any officer authorized to take the acknowledgment of deeds, and shall file one of such articles in the office of the Secretary of the Territory Of Alaska, and another in the office of the clerk of the distric, court of the judicial division in which the principal place of business of the company is intended to be located and retain the third in the posses sion of the corporation, and each copy so filed shall be recorded by the off cer with whom filed in 8 book to be kept by him for that purpose.
 Said articles shall contain and state:
 1. The name of the corporation. which shall not be the same as, nor so similar as to cause confusion with, the name of any other domestic cor poration or foreign corporation admit ted to do business in this territory, and shall be such as to indicate that it is :. corporation as distinguished from :: natural person or partnership.
 ?. The purpose or purposes for which il is formed
 3. The amount of capital stock, how the same shall be paid in, and what proportion. if any, is preferred stock and it's preferences, in con fC- mty with section 5, of this ac1
 i. The number of shares of which the capital stock shall consist, each of which shall not be less than one hor h,,y, dollars.
 5. The location of it's principal place of transacting business, which shall be within this territory.
 6. The period of duration, If limit ed.
 7. The highest amount of indebt- edness or liability to which said cor poration shall at any time be sub- ject.
 8. The number Of it's directors, which shall not be less than three, with the names and postoffice ad- dresses Of those selected to serve for the first year, or until their success ors are elected
 g. The time and place of holding it's annual meeting of stockholders in conformity with section 9 of this act
 lu. The names and places of resi- oence Of thu perso. $ forming the cor ora:ion.
 II The articles of incorporation may contain any other provision, not inconsistent with this act, regulating the business and conduct of the af- fairs of the corporation, and limit ing is" powers, and the power of it's directors and stockholders not ex- ] enipting theln,- however. from any ob ligation nor from the performance of lany. duty imposed by law.
 12. The afticles of incorporation may he amended when authorized by the vote of a., majority of the stock given at regular. meeting, of the stockholders. Such amended articles may he executed lahd acknowledged by the board of directors, sor 8 major :ty q them, and .SiaI be filed and. recorded in the same place and man. ner as the original articles :. Sec. B.. That when the articles of 1 incorporation have been filed and re- corded the persons who have duly executed the same, and their success ors.. shall .be's, body, corporate and polite in fact and in law in. the name stated in the. articles of incorpora-