It succeeded the old concern, and absorbed it into its organization.
The Russian-American Company had its chief office in St.Petersburg, where the Directors formed a kind of high court of appeal.

It was authorized to explore and place under control of the crown all the territories of North-Western America not belonging to any other government.

It was required to deal kindly with the natives, and endeavor to convert them to the religion of the empire.

It had the administration of the country and a commercial monopoly through its whole extent.

All other merchants were to be excluded, no matter what their nationality.