GWITCHYAA ZHEE OVERVIEW 2016
In keeping with our goal to work on upgrading our Gwitchyaa Zhee Utilities Co., as this power company serves our shareholder in our Village.
Our new power house went up this summer at our new location as our roads in Fort Yukon had been trenched to install our heat loop. We have seen a lot of activity which is quiet exciting. As I am writing this, our water & sewer connections have just been completed. The interior of the building is ready for plumbing and electrical.
When our Mega Generators that we have landed & are at the present Power House, will be installed in the new building, along with 2 Detroit Diesels with 1 alternative. This leads to switching the distribution system from the present site to the new location. We have linemen scheduled to arrive to assist, as we want to get this accomplished before snow fall.
This move will allow us to utilize our waste heat with the heat loop system in place, for this year we can help to heat our Water Treatment Plant, out Gymnasium, our school, and other buildings.
Because of the cut backs from the State of Alaska, we did not have the Project Manage, as was once proposed, so out funds could not cover all of the Biomass Expenditures, for at this time, that work is pending future funding. Yet, we will continue to harvest this year again.
This next year we will work to move our GZU work yard and harvest storage site to our new CHP site.
As our GZC Purpose state: To Preserve our Traditional Way of Life through the Protection of Our Lands and the Creation of Opportunities to Enhance Our Future. We want to visit the Land Transfer Agreement between GZC and The GZGTG, formerly the Native Village of Fort Yukon. Our goal is to grow; we clearly need land to suffice our vision to grow GZC as an economically sustainable business serving shareholders interest in line with our Gwich'in Values.
We are preparing for our Annual Shareholder Meeting, so please update your personal information. Many of our people are at their moose hunt, many have been successful. We wish you the best.
GZC Fall 2016 Shareholder Info:
Here we are working right into 2016, at this time; all of our shareholders will have received their 1099 DIV 2015's in the mail. To be assured you will be getting all of your GZC correspondence, it is always a good idea to keep your mailing address up to date with us, you may email us your address or drop us a letter.
Gwitchyaa Zhee Donation Request:
To obtain a Donation Request Form, please email firstname.lastname@example.org. Please submit your completed donation request, at least, 7 - 10 days prior to the GZ Corporate Board of Directors meeting.
Gwitchyaa Zhee Corporation Shareholder Relations:
As you know, it is important to keep your GZC Shareholder Records current; start with your Change of Address/ Information Form. For your convenience this form can be down loaded from this web site, please fill out our information and mail it to us.
Also you need to keep an up to date GZC Stock Will Form, in your file. This will answer who would you leave your shares to? This form can also be down loaded form this web site. Be sure to have this notarized before you return the Stock Will Form to us.
To gift your GZ Shares we have a GZ Shares Gifting Form, the legal title of this form is called, Inter Vivos Transferal of Shares, latin; between the living: The Alaska Native Land Claims Settlement Act amendments of 1987 allows to gift stock to certain family members during their lifetime, where you may give to your eligible family members some or all of your GZ Stock, so they can enjoy being a GZ Shareholder as well.
Gifting of stock is a way to share your native heritage with loved ones.
As Alaskan Natives, under this ANSCA law we are only to gift our shares upon the condition we have not received anything of value and have not been promised anything of value in compensation for the stock. The gifting is to be completed as a voluntary act and the gift is for life. Remember, you will no longer be able to vote the stock you gifted to another. The gifting is irrevocable, meaning that I cannot take my gift back once it is given.
Further, gifting can only be given to a relative: a relative meaning, your child, your grandchild, your niece, your nephew or brother or sister. The Rights of a Stock Gift are Distribution, Voting Rights, and Beneficiary. Please find the Inter Vivos Transferal of Shares form available for download. Do contact our Shareholder Relations Specialist, Dorene Mahler for further instruction.
There is language where a Child Support Order prohibits the Transfer of Stock.
Our Shareholders are also encouraged to keep their GZ Stock Will up dated. This form is available on our web page, you may down load the form, insert the names of those you will leave your stock to upon your death. These Stock Wills must be signed in front of a Notary to be considered a legal document.
GZC Shareholder Condolences:
Our GZC Board of Directors and staff to want extend condolences to the families of our Shareholders this past year:
Margaret Carroll Sr.