HomeMy WebLinkAboutOrd1947-176
"".' ,c
ORDINANCE NO.J_liL_
An Ordinace of the City of Seward calling a special election for the purpose
of submitting to the qualified electors of the City of Seward the propositions:
tl). Shall the City of Seward incur a general obligation bond indebtedness of
$90,000.00 for the purpose of expanding and extending the generating plant and distri-
buting system of the municipally owned electrical utility and issue general obligation
bonds of said city in a. sum not exceeding $90,000.00, supported and secured by the full
faith and credit of said City and a pledge of the re.enues from said utility as autho-
rized by th!! Act of Congress passed and approved May 28, 1936, Ch. 467, 49 Stat.1388,
as amended June 14, 1937, Ch. 337, 50 stat. 258.
(2). Shall the City of Seward issue general obligation bonds of said city in
t.he sum of $81j36O.00 for the purpose of refunding outstanding revenue bonds now held
by the Reconstruction Finance Corporation which bonds were issued under a resolution
adopted by the Common Council of the City of Seward, Alaska, on May 4, 1936, as amen-
ded under the authority of Public Act No. 63, 74th Congress, approved May 20, 1945, and
i.sue general obligation bonds of said City in a sum not exceeding $81,360.00, suppor-
ted by the full faith and credit of said City and a pledge of the revenues of said
utility as authorized by the Act of Congress passed and approved May 28, 1936, Ch. /+67,
49 stat. 1388, as amended June 14, 1937, Ch. 337, 50 stat. 258, and by the Act approved
Jan. 17, 1940, Ch. 3, 54 stat. 14.
BE IT ORDERED by the COllllOOn Council of the City of Seward, Alaska, as follows:
SECTIOIl L. Pursuant to Act of Congress passed and approved May 28, 1936, Ch.
467, Stat. 1388, as amended June 14, 1937, Ch. 337, 50 Stat. 258, and Act of Congress
passed and approved Jan. 17, 1940, Ch. 3, 54 Stat. 14, whereby muniCipal corporations
in Alaska are permitted to incur bonded indebtedness to an amount not exceeding 10%
of the aggregate taxable value of all real and personal property within the corporate
limits and to refund existing bond indebtedness, a special election is hereby called
to be held in the City of Seward, Alaskaa,on the ~ day of /ur:~#J"rl947, under
the provisions of said Act and pursuant to the laws of the Terri tory of Alaska., and the
ordinaces of the City of Seward.
SECTION II. There shall be submitted to the qualified electors of the said
City, authorized to vote, as hereinafter provided, the following propositions:
(1). Shall the City of Seward, Alaska, expand and extend the municipally owned
Electric utility generating plant and distribution facilities and for such purpose issue
general obligation bonds of the City of Seward in the SUll1.l of $90,000.00 maturing serial-
1y from two to twenty years from date and for the payment of said bonds pledge the full
faith and ,credit of the City of Seward and tie revenue of said utility for the payment
of the principal and interest of said bonds, all as authorized under Act of Congress pas-
sed and approved May 28, 19.36, Ch. 467, 49 Stat. 1388, a. amended June 14,19.37, Ch.3.37,
50 Stat. 258, said bonds to be issued by subsequent ordinance or resolution of the COllllOOn
Council of the City of Seward upon such terms, conditions, maturity and interest rates
as may be ordained by said Council.
-1-
r~
(2). Shall the City of Seward issue General Obligation bonds in an amount of
$81,360.00 to refund existing revenue bonds held by the Reconstruction Finance Corpora-
tion which bonds were issued under a resolution adopted by the Common Council of the
City of Seward, Alaska, on May 4, 1936, as amended, under authority of Public Act No.
63, 74th Congress, approved May 20, 1935, and issue general obligation bonds of said
Gity in a sum not exceeding $81,360.00, supported by the full faith and credit of said
City, and a pledge of the revenues of said utility as authorized by the Act of Congress
passed and approved May 28, 1936, Ch. 467, 40 Stat. 1388, as amended June 14, 1937, Ch.
337, 50 Stat.258, and by the Act approved Jan. 17, 1940, Ch. 3, 54 Stat. 14, and for
such refunding purposes issue general obligation bonds in said amount maturing serially
from two to twenty years from date and for the payment of said bonds pledge the full
faith and credit of the City of Seward and the revenue of said electrical utility for
the payment of principal and interest of said re funding bonds, all a s authorized by the
Act of Congress passed and approved May 28, 1936, Ch. 467, 49 Stat. 1388, as amended
June 14, 1937, Ch. 337, 50 Stat. 258, and by the Act approved Jan. 17, 1940, Ch. 3,
54 stat. 14, said bonds to be issued by subsequent ordinance or resolution of the common
Council of the City of Seward upon such interest rate, maturity, terms and conditions
as may be ordained by the laid Council.
SECTION III. All persons residing within the corporate limits of the City of
Seward, whose names appear on the last tax assessments roll or record of said municipa-
lity for the purpose of municipal taxation shall be qualified to vote at said election.
Persons whose namee do not appear on said tax roll shall not be qualified to vote. No
special registration for thE election prior to the date thereof shall be required of any
qualified elector, but the City Clerk of the City of Seward shall prepare an alphabe-
tical list of all persons whose names appear on the last tax roll of said City and all
persons who vote at said election whose names appear on said tax rolls, shall sign an
affidavit setting forth their qualific~tions and shall register at the time of receiving
hi. or her ballot.
SECTION IV. '!he polling place fof: the said election shall be a t the City Hall,
'in the said City of Sew;,.rd, and the polls shall be open from 8:00 A.M. of the said elec-
tmon day until 7:00 P.M. of said day.
-2-
r
SECTION V.
The City Council hereby appoints .E.EChamberlain, A.F .Rasmussen,
and NOlrlla Thurston as judges, and Miriam V. Painter and Alice Lorang as Clerks to
conduct said election at the City Hall of Seward, Alaska.
SECTION VI. Notice of said election shall be given by posting a written
notice thereof on the bulletin board in the City Hall in said City, and at the Office
of the Alaska Railroad Dock in said City, all of which places are hereby found and de-
clared to be conspicuous places within the corporate limits of said City. Said notice
of election shall be posted at said designated places no less than twenty (20) days prior
to said election.
SECTION VII. Said notice shall be signed by the Mayor of said City and attested
by the City Clerk, and shall be in substantially the following form:
'1-.-1/
A special election will be h~d in the City of Seward, Alaska, on the /C/
day of -r~~ J$47, for the purpose of submitting to the qualified electors
NOTICE OF SPECIAL ELECTION
of said City, whose names appear on the last tax roll of record of said City for pur-
poses of municipalL taxation, the following question:
Slall the City of Seward incur a general obligation bond indebtedness
of $90,000.00 for the purpose of expanding and extending the generating
plant and distributing system of the municipally owned electrical utility
and issue general obligation bonds of said City in a sum not exceeding
$90,000.00, supported and secured by the full faith and credit of said
City and a pledge of the revenues from said utility as authorized by
the Act of Congress passed and approved May 28, 1936, Ch. 467, 49 Stat.
1388, as amended June 14, 1937, Ch. 337, 50 Stat. 258.
Shall the City of Seward issue general obligation bonds of said City in
the sum of $81,360.00 for the purpose of refunding outstanding revenue
bonds now held by the Reconstruction Finance Corporation which bonds
were issued under a resolution adopted by the Common 60uncil of the
City of Seward, Alaska, on May 4, 1936, as amended under the authority
of Public Act No. 63, 74th Congress, approved May 2Q,19~S, and issue
general obligation bonds of said City in a sum not exceeding $81,360.00
supported by the full faith and credit of said City and a pledge of the
revenues of said utility as authorized by the Act of Congress passed and
approved May 28, 1936, Ch. 467, 49 Stat. 1388, as amended June 14, 1937,
Ch. 337, 50 StatJ 258. and by the Act approved Jan. 17, 1940, Ch. 3,
54 Stat. 14.
The polling place will be at the City Hall in the City of Seward, Alaska,
and the polls will be open from 8:00 A.M. until 7:00 P.M. of said day.
Those persons who are citizens of the United States over the age of twenty-
one years, who are bona fide residenlts of the Territory of Alaska, and who have been
such residents continuously during the entire year imnediate1y preceeding the election,
and who have been such residents continuously for thirty days next preceeding the
-;.
r-
election within. the corporate limits of the City of Seward, who are able to read
the Constitution of the United States in English language, and to write the English
language, and whose names appear on the last tax roll of record of the City of
Seward for purposes of municipal taxation, shall be qualified to vote att said elect-
ion.
No special registration for this election prior to the date thereof shall be
required >>ut provision shall be made for registration of each voter at the time of
receiving his or her ballot.
If 65% or more of the voters at said special election shall cast their votes
in favor of issuing general obligation bonds of $90,000.00 for the purpose of ex-
panding and extending the generating plant and Cistributing system of the municipally
owned electrical utility, and in favor of issuing general obligation bonds of $81,360.00
for the purpose of refunding outs5anding revenue bonds now held by the Reconstruction
Finance Corporation, and shall by such vote authorize the issuance of $171,360.00 in
general obligation bonds of the City of Seward, then the Council of said City proposes
to issue general obligation bonds in the sum of $171,,360.00, secured by the pledging
of revenues of said utility in the total principal sum of $l71,,360.00,or such IBrt
thereof as the City Council of said 6ity of Seward may deem necessary to complete the
expansion of the generating plant and distribution system of the municipally owned
electrical utility. Interest upon said bonds shall not exceed 3~% per annum, said
bonds shall mature serially from two to twenty years from date, and the issuance
thereof shall in all respects conform with general law and with the ordinances of the
City of Seward.
'!his notice is given pursuant to an Act of Congren passed and approved May
28, 1936, Ch. 467, 49 Stat.1388, as amended June 14, 1937, Ch. 337, 50 Stat. 258,
.,
and by Act approved Jan. 17, 1940, Ch. 3, 54 Stat.> / / -.' ~~-
Signal '-7 ~.. ,1-F({/ky
.,.,.,- or l
,
Attest: $~~/Y
City Clerk
SECTION VIII. The form of the ballot shall consist of the statement of
the question set forth in Section II, of this ordinance, with t he addition of the
following:
-4-
1-
"For expanding and extending the generating plant and distributing
system of the municipally owned electrical utility and issue
general obligation bonds of said city in a sum not exceeding
$90,000.00, and the issuance of general obligation bonds as
sta ted above."
"Against expanding and extending the generating plant and
distributing system of the municipally owned electrical
utili t~r and issue general obligation bonds of s aid City
in a sum not exceeding $90,000.00, and the issuance of
general obligation bonds as stated above."
"For issuing general obligation bonds of said City of
Seward in the sum of $81,)60.00 for the purpose of
refunding outstanding revenue bonds now held by the
Reconstruction Finance Corporation."
"Against issuing general obligation bonds of said City
of Seward in the su3 of $81,360.00 f or the purpose of
refunding outstanding revenU3 bonds now held by the
Reconstruction Finance Corporation."
SECTION IX. All provisions of the laws of the United States of America, and
of the Territory of Alaska, and the general ordinances of the City of Seward, relating
to registration of voters the manner of conducting elections, and the canvass as
otherwise specifically provided herein, govern the election to be held pursuant hereto.
SECTION X. If the above proposition carries at the said election the Common
Council will take all steps necessar,y and properli to issue and sell said bonds and
acquire said utilities and facilities.
SECTION XI. This ordinance shall be posted on the bulletin board of the
City Hall, Seward, Alaska, for a period of twenty (20) days prior to date of
Election.
SECTION XII. _ This ordinance shall take effect immediately upon its plssage
and approval, an emergency having been declared. Passed by the Common Council
of the City of Seward, Alaska, and approved by the Mayor, all on this ;:'J '7 day of
//:/1 ,.... ..,-, I
C/(I;"{J./fr<-" ' .1947. ~ '
At...t: ~L(!
ity Clerk
,/
-5-