HomeMy WebLinkAboutOrd1964-336
ORDINANCE NO. 336
AN ORDINANCE OF THE CITY OF SEWARD, ALASKA,
PROVIDING FOR A MORATORIUM FROM PAYMENT OF
SANITARY SEWER SPECIAL ASSESSMENT PRINCIPAL
INSTALLMENTS NO. 20-40 INCLUSIVE AND INTER-
EST ON PRINCIPAL BALANCE FOLLOWING PAYMENT
OF INSTALLMENT NO. 19 UNTIL FURTHER NOTICE,
AND DECLARING AN EMERGENCY.
THE CITY OF SEWARD, ALASKA ORDAINS:
(1) That pursuant to action by the Secretary of the
Interior in exercising authority vested in him by Public Law
No.
in granting a moratorium in the payment by
the City of Seward of principal and interest on Sanitary Sewer
Bonds sold to the United States Government under Ordinance
No. 243, that Ordinance No. 243, which also provides for
levying of special assessments against benefited properties,
and Resolution No. 66, which sets forth the manner of payment
of said special assessments, insofar as they conflict with
this Ordinance, are amended to provide for the following:
(a) To allow for a moratorium in the payment of
Sanitary Sewer Special Assessment Installments No. 20
to 40 inclusive until further notice.
(b) To allow for a moratorium in the payment of
interest on principal balance in such sum as may remain
following the payment of Installment No. 19 until
further notice.
(2) Due to the fact that the 20th Installment would
normally have been due in June of 1964 and delinquent at
5:00 o'clock p.m. June 30, 1964, and therefore instructions
to the City Manager as relates to preparation of billings is
needed immediately, an emergency is hereby declared to exist
and the rules governing the introduction, reading, and
passage and approval of ordinances are hereby suspended, and
this Ordinance shall become effective immediately upon its
r
ORDINANCE NO. 336
( Continued)
passage, approval, posting and publication, as required by
the City Charter.
Publication of this Ordinance shall be made by
posting a copy hereof on the City Hall Bulletin Board in the
basement of Seward General Hospital and by publishing a notice
of the place of posting and a brief statement of the purpose
of this Ordinance in a newspaper of general circulation in
the City within a reasonable time.
Passed and approved by the City Council of the City
of Seward, Alaska, on this r-),--~ day of May, 1964.
~ Q ~~LJ
Perry R. Stockton
Mayor
Attest:
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eatrice E. Watts
City Clerk-Treasurer
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