HomeMy WebLinkAboutRes1953-032
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RESOLUTION NO. 32
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City of Seward, Alaska.
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WHEREAS, by virtue of the second paragraph of Section 13, Chapter 77, of the
Session Laws of Alaska for 1935, the City of Seward is presently indebted to the
Seward Branch, 1st National Bank of ~chorage ill the amo~t of, 15.,500.00, which is
due February 3, 1953, and
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\>1HEREAS the said City of Se'lotard does not have on hand adequ.te funds to pay
the said indebtednus by napon of the faqt "Ul4t the W.t;e~,,~paJi.tm.~1: Rev..., ~
Issue has not yet been comPleted, and the Clty therefore can expect no substantial
amount of bond money pri<lJ:' to April 3, 1953,
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WHEREAS the 1-1&:\;eJ:' De~~nt of the CUI of Sew&r~, .ne4ld. the, foreqoing amount
to meet its current obUgatioN, and "
NOit:,"Dt;EREmRE~ -!:~:;tlI!IlRES:lLttDhtlhrit:~efMliifwr4incl., C~~y ,qJ.e~k of "the City of
Seward be, and they hereby are, .u~ori.ed lP\dQi:r:.c~.d. t.o ,exeRt4l oae promissory
note substantially in the rorm he'reiwtu set forth to the order of the Seward
Branch, 1st Natiol\8,l Buk of Allchorage,whiClh .e.11 be for t5, aOQ.oo aM interest
at the rate of 61. per llQIlWI1 frOlll the date thereof, and
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BE IT FUI?l'HER RESQLV:sD that the fom of, Mid note shall be aubStatlUally as
follows:
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Febroary, 1953
Seward, AlalJka
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Por val.ue receiTBd, the C:i.ty of ~, Alaska, a IlIUnictPe;l
corporation, does hereby promise to pay within sixty (60) days
frQlll the :dUe hereof t.o the order 'of thes.wardBranoh~ 1St '
National ~nk of hnchorage the sum of 35,500.00, and interest
thereonfraathh <lilts until the dite of paY'llienf, at' the rate
of 6'1. per annum; and to secure the said payment the City of
SlIward ,hereby pI".. to the lto1dtfr. hereof such portion of its
tax revenues to be collected by April 3, 1953, or as so~n there-
after .apOS'.1ble, a. MY be necesSary to satisfy the said
obligation in full.
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sse Painter, yor .
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Publication of this resolution shall be made by posting a copy hereof on
the city hall bulletin board for a period of ten (10) days fo1lowinq the passage hereof.
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Introduced, passed, and approved this 2nd day of F,b~ary, 1953, the ~l.,
gove~.i~q the introdaetion and passage of resoluti6ns'haveing been suspended.
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aeJt'~ Painter, Mayor
City 'Of Seward
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ATl'E3'l':
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.8!grld earns, i ty Clerk
Ci ty of Seward, Alaska
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C g R '1' t F.I CAT E
32 I, Siqrid Stearns, Clerk of the City of Seward, Territory of Alaska, do hereby
certify that the foregoing resolution is a true, full and correct copy of a resolution
duly adopted by the City Council of said city on the 2nd day of February, 1953, and
Pagethat the same has been entered in the minutes of the meeting of said Council for said
date.
Sigrid stearns, City G1erlk