DEPARTMENT OF THE INTERIOR
OFFICE OF INDIAN AFFAIRS
KETCHIKAN INDIAN CORPORATION
RATIFIED JANUARY 27, 1940
GOVERNMENT PRINTING OFFICE
WASHINGTON : 1940
CORPORATE CHARTER OF THE KETCHIKAN INDIAN CORPORATION
A FEDERAL CORPORATION CHARTERED UNDER THE ACT OF JUNE 18, 1934,
AS AMENDED BY THE ACT OF MAY 1, 1936
Whereas, a group of Indians having a common bond of residence on Revillagigedo Island, Territory of Alaska, seek to organize under sections 16 and 17 of the Act of June 18, 1934 (48 Stat. 984), and section 1 of the Act of May 1, 1936 (49 Stat. 1250), by ratification of a constitution and by-laws and a charter approved by the Secretary of the Interior;
Now, therefore, I, Oscar L. Chapman, Assistant Secretary
of the Interior, by virtue of the authority conferred upon me by the above
cited acts, do hereby issue and submit this charter of incorporation to
the group of Indians organizing as aforesaid, to be effective when duly
ratified, provided that the said constitution and by-laws have been duly
ratified by them.
|Purpose and Existence.||
1. In order to further the economic development of the Indians residing on Revillagigedo Island, Territory of Alaska, by conferring upon the Ketchikan Indian Corporation corporate rights and powers; and to enable this Corporation and its members to undertake enterprises designed to secure for the members of the corporation an assured economic independence, the aforesaid corporation is hereby chartered as a body corporate of the United States of America, under the corporate name of Ketchikan Indian Corporation, hereinafter called the Corporation.
2. The Corporation shall, as a Federal corporation, have perpetual succession.
3. The Corporation shall be a membership corporation. Its members shall consist of all persons now or hereafter members of the Corporation, as provided by its duly ratified and approved constitution and by-laws.
4. The Council of the Corporation, established in accordance with the said constitution and by-laws of the Corporation, shall exercise all the corporate powers hereinafter enumerated.
5. The Corporation, subject to any restrictions contained in the Constitution and laws of the United States, or in the Constitution and By-laws of the said Corporation, shall have the following corporate powers, in addition to all powers already conferred by its Constitution and By-laws.(a) To adopt, use, and alter a corporate seal.
6. To pledge or assign chattels or future corporate income due, or to become due to the Corporation: Provided, That such assignments of corporate income, other than assignments to the United States, shall not extend for more than five years form the date of execution.
7. The Corporation shall, at the end of its fiscal year, apply its income in excess of operating expenses during such fiscal year, in the following order:First: to payment for any due indebtedness.
8. Dividends shall be distributed to members of the Corporation on the basis of their patronage of the Corporation according to an equitable system set forth in the regulations of the Corporation. Patronage shall include the sale of goods to, and the purchase of goods from, the Corporation and work done for the Corporation, but shall not include the salary paid to the manager nor business done with nonmembers of the Corporation. No dividends may be declared or paid while this Corporation is indebted to the Indian Credit Fund unless the operating and reserve funds provided for in section 8 are in an amount satisfactory to the Secretary of the Interior or his authorized representative.
|Regulation of Payments.||
9. The Corporation may regulate the payment of dividends or other corporate property in order to safeguard the interests of any incompetent or disabled members, and of the dependents of members who might become a public charge, and of the heirs or devisees of deceased members.
10. The officers of the Corporation shall maintain accurate and complete public accounts of the financial affairs of the corporation, which shall clearly show all credits, debts, pledges, and assignments, and shall furnish an annual balance sheet and report of the financial affairs of the corporation to the Juneau Office of the Office of Indian Affairs.
11. This Charter shall not be revoked or surrendered except by Act of Congress, but amendments may be proposed by resolutions of the Council or of the corporation which amendments, if approved by the Secretary of the Interior, shall be effective when ratified by a majority vote of the adult members of the Corporation voting in a popular referendum called for the purpose by the Secretary of the Interior: Provided, That at least 30 percent of the eligible voters vote in such election.
12. This Charter shall be effective from and after the date of its ratification by a majority vote of those voting in an election called for the purpose by the Secretary of the Interior: Provided, that at least 30 percent of the eligible voters shall vote, and provided that the Corporation has ratified a constitution and by-laws approved by the Secretary of the Interior. The ratification of the Charter shall be formally certified by the election board. The persons eligible to vote are those Indians entitled to vote on the Constitution and By-laws for this Corporation.
OSCAR L. CHAPMAN,
WASHINGTON, D. C., December 20, 1939.
Pursuant to an order, approved December 20, 1939 by the Assistant Secretary of the Interior, the attached Charter was submitted for ratification to the group of Indians having a common bond of residence on Revillagigedo Island, Territory of Alaska, and was on January 27, 1940 duly ratified by a vote of 123 for and 3 against, in an election in which over 30 percent of those entitled to vote cast their ballots, in accordance with the Alaska Act of May 1, 1936 (49 Stat. 1250), and section 17 of the Act of June 18, 1934 (48 Stat. 984), as amended by the Act of June 15, 1935 (49 Stat. 378).