HomeMy WebLinkAboutRes1960-183
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CITY OF SEWARD
GATEWAY TO INTERIOR ALASKA
SEWARD. ALASKA
OFFICE OF:
RESOLUTION NO. 183
A RESOLUTION TO CANCEL AUTHORIZATION FOR ISSUANCE OF $600,000.00 REVENUE BONDS
FOR THE PURCHASE, ETC. OF A TEIEPHONE SYSTEM AND TO AUTHORIZE CHARGING $336.00
EXPENDED TO THE GENERAL FillID.
WHEREAS, on the ~th day of September, ~~j5, the Common CounciL of the C~Ly of
Seward approved Resolut:l.On No. '85 ca..tlJ.ng for a Specuu Elect~on on the ~8th
day 01' October, ~~j) to determine "ShaLl the Town 01' Seward, AlaSka, issue
revenue bonds, payable sole~y 1'rom unp~edgea revenue of a te~ephone system,
under authority of Act of Barch 6, ~~46, in an amount not to e:x:ceed SJX Hundred
Thousand Dollars l$600,OOO.00) at a lllaX1.IUum interest rate of rive ()) per cent
per annum, for the purpose of purcnas~g, renab~litating, bettering and financ-
ing a telephone system?" and
WHEREAS, said Special Election was held on the 18th day of October 1955 and the
majority of ballots cast were in favor, and
WHEREAS, the bonds have not been issued to date, and
WHEREAS, during the year 1958 the private ownership of the bankrupt Alaska
Telephone Corporation was re-organized under the direction of the U. S. District
Court for the Western District of 'Washington, Northern IDavision, Proceeding
No. 41632, and
WHEREAS, the people authorized the purchase of a telephone system when it
appeared that there was no other way of obtaining satisfactory telephone service,
and
WHEREAS, it is not normally desirable for a city to enter into the telephone
business, and
WHEREAS, conditions have changed so much that it would appear desirable to again
go to the people if the City were to again contemplate purchasing a telephone
system,
NOW THEREFORE, BE IT RESOLVED, and it is hereby resolved that the Revenue Bonds
authorized by the Special Election of October 18, 1955, for the purchase of a
telephone system be stricken from the books and be it further resolved to charge
out the $336.00 previously expended in this connection to the General Fund.
This Resolution to be in full force and effect immediately upon passage and
approval.
Attest:
7th day of November, 1960.' .:2
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Alex Fe rovieh, Mayor ('4
Passed and approved this
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J:jea r~ce )!;.
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watts, City Cler