The Alaska daily empire. [volume] (Juneau, Alaska) 1912-1926, 1922-12-06

! Cabinet.
Unted States Government have been
violated.
"Sec 7. That the said United
! States PLATINUM Corporation shall
have power to make and enforce
rules and fby-Eaws for the election of
| its officers and the government and
the management of the business of
the company, and ITO do and perform
! all needful and proper GhingS to be
done and perofmed to promote the
objects of the company hereby in
corporated, not inconsistent with the
laws of the United States and the
provisions CT this charter.
Report Regularly
| Sec. S.-That the president of the
, corporation shall annually, by the
| first day of July, make report and
file it with the Secretary of the
| Treasury, which report shall be un-
der cath, exhibiting the financial STU
alton of the corporation, the amount
of money received and expended, and,
! further, the names and residences of
the stockholders, OF the directors, and
of all other Officers of the company,
the amount of stock subscribed and
the amount thereof actually paid in,
| true statement OF 'the Indebtedness
OF said company and the various
kinds thereof, and this report shall
! be treated like an incomeEtax report,
nd c,1N to no la m
lection, except that this corporation
I shall be exempt from taxation in any
form by the United States Govern
ment.
"Sec 9. That the certificates of
the capital stock must be signed by
| the president and secretary and at
tie ed NY the seal of the company
and shall contain an extract from the
proceedings of the board of directors
! fixing the amount thereof, as we'll as
from this Act authorizing such issue.
Sec. 10. That any bonds, mort
cages, or other forms Nf indebtedness
must be signed by the president and
secretary and aIttested by the seal
of said company, and shall contain
an extract from this charter author
izing them to be issued. Bonds shall
be of the face value of 81 1000 gold
and shall be redeemable at such
times and to bear such rate of in
terest, payable semi-annually in gold,
as may be determined by the board
of directors.
Alaska Owned by Y. S.
Sec. IL That whereas the Ter
rl.ory OF Alaska is owned and con-
trolled by the United States Govern
ment and all It's boundless resources
cf natural products; and
Whereas this Territory is shortly
to be developed and made accessible
by reason of certain United States
Government activities, namely, GER
tain transportation facilities, bringing
this great domain into touch with the
progressive part Of our country,
whereby more rapid interests may
advance the internal affairs of AL
aska; and
Whereas 1t has been ascertained
that the resources and natural prod
ucts of Alaska are only in their in
fancy and are destined to play
controlling Influence in the future
with the credit of the United States
Government and those of her pa
triotic citizens who aid lin the promo
ton OF the resources of Alaska; and
"Whereas it has been definitely de-
cided by the incorporators of this
undertaking that concession of all
the platinum sands of Alaska owned
by the United States Government as
located upon Government lands now
belong and are the sole property of
the United States Government, and
1t is justice and equity in its high
est inspiration that part of the pro-
ceeds OF this vast mineral wealth In
Alaska should belong to the United
States Government. so that the doc
trine of Government ownership for
the protection OF its citizens may re-
ceive favorable consideration as an
incentive to embrace broader lines
in other domains of ownership for
and on behalf of certain interests
that should be encouraged: and
Unsefish Aims
Whereas the Aforesaid corporation
/, Applying FOR this Federal charter to
, be granted by Congress and to fur
ther aid its unselfish aims and pur-
poses, offers to submit its operations
/, to the United States Government ST.
perviston as mora fully hereinafter
stated TO the end that substantial
progress may be had in the develop
ment of Alaska; and
where's the United States cor
poration in consideration Of the Gov