Loading...
HomeMy WebLinkAboutOrd1928-099 r- ORDINANCE NO. 99 AN ORDINANCE OF THE TOWN OF SLwARD, ALASKA, P~OVIDING FOR THE CONSTRUCTING AND EQUIPPING OF A PUBLIC-SCHOOL BUILDING IN THE TOWN OF SEWARD, ALASKA, PROVIDING FOR THE ISSUANCE OF GENERAL BONDS IN ANY SUM NOT EXCEEDING FIFTY THOUSAND DOLL~~S ($50,000.00) for THE CONSTRUCTING AND EQUIPPING OF A PUBLIC-SCHOOL BUILDING IN Tr~ TOWN OF S~NARD, AND CALLING A SPECIAL ELECTION AT !NHleE THE QUESTION OF WHETHER SUCE BONDS Sr~L BE ISSUED ShALL BE SUBMITTED TO TEE QUALIFIED ELECTORS, OF SAID TOWN OF SDNARD, WHOSE NAMES APPEfu~ ON THE ASSESS- MENT ROLL FOR THE YEAR 1927, OF SAID TOWN, FOR MUNICIPAL TAXATION. BE IT ORDAINED BY TEE COMMON COUNCIL OF THE TOWN OF SDNARD, TERRITORY OF ALASKA Section 1. That the incorporated Town of Seward, Alaska, does hereby author- ize and direct the construction and equipment of a publi.c-school building in said Town at a cost not to excee~d a sum of fifty thousand dollars ($50,000.01i) Section 2. That the estimated cost of construction of said public-school build ing, including complete equipment therefor, is declared to be the sum of fifty thousand dollars ($50,000.00). Section 3. That in order to pay for the construction and equipment of the public-school building, provided for in Section 1 of this ordinance, the Town of Seward, Alaska, shall issue and negotiate its general bonds in denomination not exceeding ore thousand dollars ($l,OOO.OC) each, for a sum not to exceed fifty thousand dollars ($50,000.00), which bonds shall bear interest at a rate not to exceed seven per cent (7%) per an~um, payable semi-annually, and which bonds shall not be sold for less than their par value with accrued interest; and said bonds shall be payable and the principal upon same shall become due in twenty (20) years from the date thereof, provided, however, the Town of Seward does hereby reserve the right to payoff such bonds in their numerical order at the rate of four thousand dollars ($4,000.(W) annual1v from and after the expiration of five (5) years from the date thereof; provided, further, that each and every bond shall have the written signature of the Mayor and Clerk of said town of Seward, Alaska, and also bear the seal of said town; said bonds shall have interest coupons attached ani such interest coupons shall also bear the signature of the ~Byor and Clerk of said town; principal and interest upon said bonds shall be payable in lawful money of the United states of America, at the office of the town treasurer or at such bank in the City of New York, in the State of New York, or such place as may be designated by the Common Council of the Town of Seward, the place of payment to be mentioned in the bonds. Section 4. That no part of the funds arising from the sale of said bonds shall be used for any purpose other than as specified in this ordinance; and said bonds shall be sold only in such amounts as the Common Council shall direct and the proceeds thereof shall be disbursed for the purpose hereinbefore stated, and under the order and direction of said CorrJl\on Council from time to time as the same may be required for said purposes. Section 5. This ordinance shall be submitted to the qualified electors of the Town of Seward, Alaska, whose names appear ~n the 1927 Assessment Roll of sai town for municipal taxation, for adoption or rejection, at an election to be held therein on Monday, the 14th Day of May, A. D. 1928, at the Town Hall of said town, which election is hereby called and authorized and shall be con- ducted as nearly as practicable in accordance with the requirements of law in respect to general or special elections in said Seward. The ballots used in said election shall be in the usual form of election ballots, in accordance with the ordinances of said Town of Seward, and shall contain, aside from the usual inscription upon such ballots, the following words: "Shall the Town of Seward, Alaska, erect and equip a publ ic-sd,Clol building in the Town of Seward, Alaska, and issue its negotiable gen- eral bonds for the payment thereof in a sum not to exceed fifty thousand dollars ($50,000.00)? I I FOR BONDS I AGHN2T BONDS r- ORDINANCE NO. 99 Page #2. The voter shall prepare his ballot by placing a cross in the square precedint the words HFOR EONDSH if he desires to vote for the same, and by placing a cross in the square preceding the words HAGAIN2T EONDS,H if he desires to vote against same. Section 6. As provided by that certain Act of Conaress, entitled: HAn Act to authorize the incorpor6ted Town of Seward, Alaska, to issue bonds in any sum not exceeding $50,000.00 for the purposp of constructing and equipping a public school building in the Town of Seward, Alaska,H thirty (30) days' notice of said election shall be given by publication thereof in the SE,JARD Gr,T1"WAY, a newspaper printed and published and in general circulation in said town before the day fixed for such election. The following named pers,)ns are designated and appointed as officers of the said election and to conduct the same, to-wit: Inspector: Wm. H. Whittlesey Judges: Leon Urbach and J. H. Flickinger Clerks: Smilie B. ,'Jeybrecht and Sylvia Sexton The polls for said election shall be open at the hour :Jf 8 a.m. and close at the hour of 7 o'clock P.M. on said 14th day of !~y, 1928, and the place of voting shall be at the Fire Hall, or Town Hall, in said town. Section 7. This Ordinance shall be published in the SlJiJARD S.J'..TrJdAY, a news- paper of general circulation, published and printed in said Town of Seward, once a week for a period of four (4) weeks preceding said 14th day of ~nY, 1~28 Section 8. The Common Council of the Town of Seward, Alaska, shall meet at the hour of 2 o'clock P. M. on the 15th day of ~ay, 1928, at the Town Hall of said town, to canvass the returns of said election, in accordance with tI,e requirements of the ordinances of said town relative to general or special elections in said municipality. Section 9. This ordinance shall be valid upon condition only that a majority of sixty-five (65) per centum of the votes cast at said special election shall be in favor of the issuing of the bonds hereinbefore provided for. PAfSED by the Corrmon Council this 10th day of April, 1928. (figned) J. P. Hannon, Municipal Clerk Approved this 10th day of April, 1928 (Signed) L. V. Ray, ~nyor The original of the Agave Ordinance has been lost. This is a true copy, made from the rcord of Minutes of April 10, 1928. Certified correct~: , ---M~ ~~ December 23, 1957 City Clerk