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<br />r- <br /> <br />~. t <br /> <br />RES 0 L UTI 0 N <br /> <br />OI 1Il0tl.OD. of CeunclJ.m.an <br />Whitmore <br /> <br />McRae <br /> <br />, seconded DY CounciJ.m.aa <br /> <br />, tne folloWlng fu!.OOLUTION was unanimously adopted: <br /> <br />WHEREAS, the consumption of electrical energy in the City of <br />Seward, Alaska has il'lcreased to such an extent that the people of <br />Seward, at a Special Election aeld on the 11th December 19)0 auth- <br />orized the issuaaee by the City of Seward of $2ou,ooo revenue londs <br />to provide fwa.ds for the purchase of new and addi tio:n.al equipment <br />for tb.e immediate exp8l'l.sien of the Seward Electric System' s facH- <br />ities fer generatiag electrical energy; and, <br /> <br />WF{ImRA..C:;, by Ordiaance No. 2u2, tllere was created, pursuant to <br />Seetin 16-1-35 ActA 194'1, as amended, a Seward. Utility ioard, ves- <br />ted with ail the rights 8.Ild powers respectlng the management and <br />operation of the Seward Electric System heretofore exercised by the <br />Ci ty of Seward acting tllrougll its CoDon Council, but reserving to <br />the Common Council the.rignt to approve or reject all contracts <br />for tb.e acquisition of additlons, replacements and improvements to <br />said utility, and further reqUlring that all contracts Ie made in <br />the name of tthe City of Seward; 8lld, <br /> <br />W'H'reR'RA,.C:;, because of unsettled world condi tlons and the CDll- <br />sequent proDability of rationing of materials, it is Aigtlly desir- <br />aile tbat all financial details Ie consumated before the complete <br />disruption of the market for municipal .onds, <br /> <br />N(JN, THEREFORE, BE IT RESOLVED, That an emergency exists, 8Jld <br />the Utill ty Board of the City of SewarC!. is hereby authorized 8.Dd. <br />