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THE STEFANSSON ARCTIC EXPLORATION AND DEVELOPMENT COMPANY LIMITED
MEMORANDUM OF ASSOCIATION
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"COMPANIES ACT" 1910 AND AMENDMENTS
A Company limited by shares.
MEMORANDUM OF ASSOCIATION
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THE STEFANSSON ARCTIC EXPLORATION AND DEVELOPMENT COMPANY LIMITED
1. The name of the Company is "The Stefansson Arctic Exploration and Development Company Limted."
2. The registered office of the Company will be situated at Vancouver, British Columbia.
3. The objects for which the Company is incorporated are:-
(a) To locate, purchase, lease or otherwise acquire, mortgage, sell, let or otherwise dispose of lands, mines, mineral claims, water rights and franchises, hydro-electric rights and interests, mill sites, timber lands, limestone quarries and particulary lands containing or believed to contain gold, silver, copper, coal iron and other minerals or deposits, petroleum and other oil springs and deposits and properties; and to dig for, raise, crush, wash, smelt, [aesay] , analyze, reduce and amalgamate and otherwise treat ores, metals and minerals, whether belonging to the Company or not, and to redner the same merchantable and to sell and otherwise dispose of same or any part thereof or any interest therein;
(b) To manufacture, buy, sell, import, export and generally deal in machinery, pumps, drills, fuses, caps, candles, implements and conveniences suitable for use in connection with the oil or mining business;
(c) To buy, sell and furnish oil and gas for lighting and heating and other purposes; to lay down , construct, maintain and operate pipe lines, transmission lines, tubes, tanks, pump stations, connections, fixtures, storage houses and such machinery, apparatus and devices as may be necessary to perate such pipes, pipe lines and transmission lines between various
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points; to have the right and power wherever permitted by law to enter upon rights-of-way, assesments, properties of all persons and corporations, and have the right to lay its pipes and pipe lines across and under any public road, railroad, right-of-way, street railroad, canal or stream; to lay its pipes or pipe lines or transmission lines across or under any street or alley in any incorporated city or town with the consent of and under the direction of the proper authorities of such cities or towns;
(d) To purchase, take on lease or in exchange, hire or otherwise acquire and hold lands, mines, estates, factories, buildings, furnaces for smelting or treating ores and refining metals, mining rights, rights-of-way, light or water, or any other rights or privilages, machinery, business, good-will, plants, stock-in-trade, or toher real or personal property as may be deemed advisable;
(e) To construct, carry out, maintain, improve, manage, work, control and superintend any trails, roads, ways, tramways, bridges, reservoirs, water courses, aqueducts, wharves, furnaces, saw-mills, crushing works, smelting works, concentrating works, hydraulic works, electrical works, telegraphs, telephones, gas works, factories, warehouses, ships, vessels and other works and conveniences which may seem directly or indirectly conducive to the attainment of any of the objects of the Company, and to contribute to, subsidize or otherwise aid or take part in any such operations;
(f) To use steam, water, electricity or any other power as a motive power or otherwise;
(g) To develop the resources of, work, or otherwise turn to account, any fisheries, salmon seining rights, oilieries, canneries, fertilizer works, saw mills, water rights and water powers, trading stores, lands, buildings, rights and proerty for the time being of the Company, in such manner as the Company may think fit;
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(h) To undertake and carry on the business of fish merchants, fish dealers, exporters and importers, fish-curers, in shore, rivers or deep-sea fisheries, lake fisheries, shell and pearl fisheries, whaling, salmon and other fish canners and potters; to explore, develop and turn to account fisheries, lobester grounds, oyster beds and other marine or river breeding grounds, and to carry on the business of manufacturers of fish paste and oil, fish and other fertilizers, guano, fish bone and glue factories, and all things incidental to such enterprises, to undertake steam trawling, line fishing, drifting and all other methods of fishing and everything connected with the steam trawling and fish industries appertaining to same; to undertake and carry out cold storage, ice making and refrigerating business, and all things incidental to same; to undertake and maintain wharves and docks; to equip and carry on repairing works and shipbuilding; to construct, acquire, own, equip, and maintain steam and other vessels and boats plying for cargo and passengers, and carrying mails, and for exploration purposes, and to operate the same in any navigable waters, and to construct, build, equip, maintain and operate line or lines or tramways, and to connect and enter into traffic or other arrangements with steamboat or other companies; and to carry on the business of general carriers, railway and forwarding agents, warehousemen, and any other business which can conveniently be carried on in connection with the above;
(i) To carry on the business of manufacturers of machinery used or adapted for use or intended to be used in ships or in the building, equipping, fitting out or or peration of ships, in logging or lumbering operations or in sawmills;
(j) To carry on business as timber merchants, sawmill proprietors and timber frowers, and to buy sell, grow, prepare for market, manipulate, import, export, and deal in timber and wood of all kinds, and to manufacture and deal in articles of all
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kinds in the manufacture of which timber or wood is used, and to buy, clear, plant and work timber lands;
(k]) To carry on the business of farmers, graziers, merchants, importers and exporters, and to buy, sell and deal in property of all kinds;
(l) To engage in the breeding and raising of domestic animals and to domesticate, breed and raise wild animals, and to buy, or otherwise acquire same, and to sell or otherwise dispose of such domestic or wild animals, and all or any of their products;
(m) To engage in trapping and fur-trading, and to acquire by purchase, barter or otherwise, skins, furs and like commodities of all kinds, and to sell or otherwise dispose of the same; and to engage in oiiring and tanning of skins and the manufacture of leather of all kinds;
(n) To engage in voyages of traffic and discovery, and to carry on exploration work, with a view to discovering, claiming and exploring unexplored lands and regions, and to carry on trade of all descriptions with the inhabitants of said lands and to develop the natural resources of said lands;
(o) To purchase, take in exchange, lease or otherwise acquire, mortgage, manage, turn to account, improve, sell or otherwise deal in any real or personal property, securities, and any rights or privileges appertaining thereto which the Company may deem to be necessary or convenient for the purposes of its business or otherwise, and in particular any land, buildings, easements, water rights, water records, water powers, water privileges, machinery, plant, tools and implements and stook-in-trade, privileges and franchises, and the consideration for same may be oaah or shares of the Company or part cash and part shares;
(p) To promote any company or companies for the purpose of acquiring all or any of the property, rights and liabilities of this company, or for any other purpose which may seem directly or indirectly calculated to benefit this Company;