Corporate Charter

(a) To adopt, use, and alter a corporate seal.
(b) To purchase, take by gift, bequest, or otherwise, own, hold, manage, operate and dispose of property of every description, real and personal, subject to the following limitations: 

1. No sale or mortgage may be made by the Village of any land, including water, fishing or mineral rights, held by the Village within any area which may be set aside by the Federal Government as a reserve for the use of the Village.
2. No leases, permits (which terms shall not include land assignments or fishing, privileges granted to members of the Village) or timber sale contracts covering any land or interests in land held by the Village within any reserve set aside for the Village, shall be made by the Village for a longer term than ten years, and all such leases and permits, except to members of the Village, and all such contracts must be approved by the Secretary of the Interior or by his duty authorized reprresentative; Provided, That leases requiring substantial improvements may be made for longer periods when authorized by law. 

(c) To borrow money from the Indian Credit Fund in accordance with the terms of section 10 of the Act of June 18, 1934 (48  Stat. 984), or from any other source, and to use such funds directly for productive enterprises, or to advance money thus borrowed to individual members or groups of members of the village for enterprises related to those of the Village.
(d) To engage in any business that will further the economic well-being of the members of the Village or to undertake any activity of any nature whatever, not inconsistent with law or with any provisions of this Charter.
(e) To make and perform contracts and agreements of every description, not inconsistent with law or with any provisions of this Charter, with any person, association or corporation, with any municipality or with theUnited States or the Territory of Alaska, including agreements with the said Territory for the rendition of public services.
(f) To pledge or assign chattels or future corporate income due or to become due to the Village. Provided, That such assignments of corporate income, other than assignments to the United States shall not extend more than ten years from the date of execution.
(g)  To deposit corporate funds, from whatever source derived, in any national or territorial bank to the extent that such funds are insured by the Federal Deposit Insurance Corporation or secured by a surety bond or other security, or to deposit such funds in the Postal Savings Bank or with a bonded disbursing officer of the Interior Department to the credit of the Corporation.
(h) To sue and be sued in courts of competent jurisdiction within the Territory of Alaska or the United States.
(i) To exercise such further incidental powers, not inconsistent with law, as may be necessary to the conduct of corporate business. 

First: to payment of any due indebtedness.
Second: to creation of a fund for operation and for liquidation of indebtedness becoming due in the next operating period.
Third:  to creation of a reserve for depreciation of the physical property of the Village, and the undertaking, construction, operation and improvement of corporate enterprises.
Fourth:  to utilization for such social, educational and relief purposes as the Village may determine.