WHY IS THIS NATIVE LAND ??? why isn't it corporate land ???
can someone illuminate me?
"Descendants and shareholders of Pedro Bay live throughout Alaska and the United States. While the population in Pedro Bay has been declining in recent years, Pedro Bay Corporation hopes to increase employment opportunities and have a resurgence of people moving into the village."
(from pbc website)
Obviously a corporation owns the land. and the majority of the corporation (197 shareholders) no longer live in the area. probably the number of natives living there is still around 42. even if every shareholder is a native, it is still owned by a corporation, NOT a tribe.
there are approxiametely 1400 tehaina tribal members. 197 shareholders. obviously, all members of the tribe are not shareholders.
so if the land is not owned by a tribe - but by a corporation - why is this considered native land ??? it was native land. but shareholders were granted shares for their ownership rights to the land.
just an example of why i believe this NOT native land anymore...
when mohegan sun was built in ct. by a corporation, it came under the laws of the state of ct. tax laws, etc. it was no longer a reservation casino...
just curious ... i understand the pbc land was originally granted to the tribe ... but i see no signs that it came under the title of a reservation. so if this was granted to individual natives - who could sell their property - in this case to a corporation for shares -- how is it still native land???
as far as i can see from reading the pbc website, charter, etc. this is a corporation with shareholders belonging to the tribe.and the land is owned by a corporation. i assume anyone can offer money for shares in the corporation ??? e.g. can nak buy shares from shareholders for the right price ???
