The Alaska daily empire., 1923-02-02
NEW FAIR ASSN
 LAUNCHED;NAMES. FIVE DIRECTORS.
Organization Meeting Held Yesterday Stockholders
 Show Enthusiasm.

J. P. Anderson. NJ. s. Whittier and George R. Marshall were elected di- rectors of the Southeastern Alaska Fair Association for twoyear terms and J. F. Mullen and L. H. Smith for one-year terms al the meeting held at the City Hall last night by the stockholders Of the organization. The articles of incorporation were read, approved and adopted and or dered filed in the office of Territor- ial Secretary.
 The meeting was an enthusiastic one and all members of the Associa- ton expressed themselves as pleased with the outlook for future fairs and with the work of the special commit tee which worked out the plans for perpetuation of the temporary or eanization which had charge of last falls fair here. Members of that committee were Dr. Robert Simpson. R. J. Sommers, J. P. Anderson, George R. Marshall and Gunnar Blom- gren, aided by Ed M Kane, who had active charge of the Fair manage ment
 Officers to Be Elected
 Four officers are yet to be elected from among the five directors chosen last night These are; President, vice president, secretary and tre1s- urer. In addition. it is provided that II other vice presidents shall be elected These positions, it was stated, will probably be filled by persons residing in other sections of this district. it being planned in this way ito give every community in Southeastern Alaska an active share in future fairs. The only require ment for holding these offices is that of membership in the Association.
 Objects of Association
 The aims of the Association are set forth by the articles of incorpora- tion as follows:
 ''The objects and purposes for which this corporation is formed are entirely social, educational, scientific and non-profit sharing. and to hold. conduct and operate fairs, expositions and exhibitions for the display, inn provement and development of the natural resources of the Territory of Alaska, and the products of such resources and of the agricultural, farming. dairying, mining, fishing, numbering, pulp. paper and other in- dustries and pursuits carried on in the Territory and of the arts, sci rrr -ts, mote and improve the domestic. civic and municipal happiness and welfare of the residents of the said Terri tory etc The life of the corpora tion is placed at 10 years It's capi- tai stock issue is fixed at $25,000, 2,500 shares at s10 each. The limit of indebtedness is set at $3,000
 Bylaws Adopted
 The bylaws prepared by the com mittee and drafted by R. E. Robert son were approved by the stockhold- CTS without objection These provide for an annual stockholders meeting here on the first Monday in Feb ruary every year. Special meetings may be held under certain condl- tions.
 Article declares: This corpora tlon is entirely non1profit bearing and no dividends shall be declared or paid on any stock, but the Board of Directors shall have full power and authority to use and expend such, if any, profits or earnings as may be made to the further carrying out of the objects and purposes of the cor poration."
 The articles of incorporation pro vide that on the dissolution of the corporation all property owned by it at such time shall become the prop erty of any other organization formed to carry on similar objects and hay ing it's principal place of business in Juneau, and If there is no such or ganization formed, the property shall go to the Alaska Agricultural College and School of Mines, or it's sue cessor.