Incorporation of The Aleut Corporation. The Aleut Corporation was facing the deadline for enrollment and village incorporation, and the beginning of village and regional land selections.

The first Annual meeting of Shareholders was held. Permanent Board of Directors meets for the first time. Roll of stockholders was certified by the Secretary of the Interior December 1793. First distribution of dividends. TAC’s first investment is in the fishing industry. Two 120’ crabber/dragger fishing vessels have been purchased by TAC. Agreement signed with Quintana Minerals Corporation and Duvall Corporation for a four year mining exploration program. Two- story office building was purchased. Mrs. Kathryn W Smith wins the contest for the best name for the newsletter, “The Aleutian Current”.

Subsidiary corporations were formed. Fox Islands Corporation, owner and operator of the fishing vessel “Aleut Princess”. Andreanof Islands Corporation, owner and operator of the fishing vessel “Aleut Pride”. Aleutian Transportation Company, owner and operator of the motor vessel “Pribilof” operated under a bareboat charter to haul general cargo. Matanuska Sand & Gravel Inc., owner of a gravel removal permit which The Aleut Corporation holds 2/3 interest in. Aleutian Properties Inc., engaged in the development of large real estate projects which The Aleut Corporation holds 50% interest in. The Aleut Corporation purchased properties in the Fairbanks, Anchorage and Kenai areas.

New subsidiary Aleutian Products Corporation was formed and leased the processing vessel M/V Theresa Lee.

The law suit was settled in favor of the shareholders, nullifying the board election, the president resigned and for five months the Corporation was under supervision of a court-appointed “caretaker’. The newly elected Board of directors decided to discard unrealistic expectations and take a hard look at our Corporation.

TAC is actively involved in the processing of rock and gravel, creating a new subsidiary called Nugaadan Inc., also new is subsidiary, Panama Marine Inc. created as a support facility for boat repair and maintenance. M/V Aleut Packer makes its final trips to the Pribilofs.

Directors/Officers
Agafon Krukoff President
Lillie McGarvey VP
Alice Petrivelli Sec/Tres
Ron Philemonoff
Barbara Jaehnig
Vincent Tutiakoff Sr.
Father Paul Merculief
Andrew Gronholdt

Opening of the Seattle regional office. Settlement of all major litigation. Aleut-Alaska Shipping Company is dissolved.

1984
Leo Merculief
Chair
February 1981 to October 1986

Directors/Officers
Agafon Krukoff President
Lillie McGarvey VP
Alice Petrivelli Sec/Tres
Ron Philemonoff
Ruel Holmberg Sr.
Vincent Tutiakoff Sr.
Father Paul Merculief
Andrew Gronholdt

Development began on Midtown Estates in the Matanuska Valley. Colony Green, a 70-acre subdivision was purchased, also a 2/3-acre parcel of land was purchased at the corner of Lake Otis Parkway and Tudor Road. TAC to begin construction on new office building.

1985
Leo Merculief
Chair
February 1981 to October 1986

Directors/Officers
Agafon Krukoff President
Lillie McGarvey VP
Alice Petrivelli Sec/Tres
Ron Philemonoff
Ruel Holmberg Sr.
Vincent Tutiakoff Sr.
Father Paul Merculief
Andrew Gronholdt

Commercial seal harvesting ceased on St. Paul Island. New subsidiary called Pribilof Offshore Support Services, which provided air support services on St. Paul Island for EXXON, AMOCO and ARCO in their exploration for oil in the Navarian Basin. Official opening of the new office building Aleut Plaza in Anchorage. Wasilla office building under construction. Aleut WWII Reparations Bill submitted in the U S Senate by Senator Stevens and Murkowski.

On August 10, 1988, President Reagan signed the World War II Reparations Bill (H.R.422) into law, amendments to the Alaska Native Claims Settlement Act. TAC joined an agreement to participate with the Native Lands Group in an exchange of Native lands for subsurface lands in the Arctic National Wildlife Reserve.

The Second Company Inc. was dissolved. 7,000 acres of land at Makushin volcano on Unalaska Island was sold.

Acquired Aleutian Village trailer park in Valdez Alaska. Formed a new subsidiary called Baidarka Corporation, its purpose being construction and related services.

TAC acquired Space Mark Inc., to create an 8(a) consulting company to provide specialized technical consulting services within the field of federal government operations and maintenance contracting. Petition for Recall and Election submitted to TAC by Aleut Leadership Council. The recall election failed.

October 1993 to October 1994

Amchitka nuclear testing facility officially closed. Lawsuit settled, TAC vs. St. George Tanaq Corporation. Investment in West McArthur River Well No. 2.

Ruel Holmberg Sr.
Chair
February 1995 to October 1995

Investment in West McAurthur River Well No. 3. TAC recognized by the Alaska Business Monthly as one of Alaska’s Top 49 businesses.

October 1995 to October 2000

Adak Naval Air Station closes as part of the 1995 round of base Realignment and Closures. The Aleut Corporation enters into a joint venture with NANA Corporation creating Akima Corporation (formerly Baidarka Corporation).

City of Adak incorporates and TAC's Adak investment holds steady at $3 million