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<br />r <br />! <br /> <br />10 <br /> <br />11 <br /> <br />12 <br /> <br />1 <br /> <br />RESOLUTION NO. 32 <br /> <br />2 <br /> <br />City of Seward, Alaska. <br /> <br />3 <br /> <br />WHEREAS, by virtue of the second paragraph of Section 13, Chapter 77, of the <br />Session Laws of Alaska for 1935, the City of Seward is presently indebted to the <br />Seward Branch, 1st National Bank of ~chorage ill the amo~t of, 15.,500.00, which is <br />due February 3, 1953, and <br /> <br />4 <br /> <br />5 <br /> <br />6 <br /> <br />::~, ~ <br />\>1HEREAS the said City of Se'lotard does not have on hand adequ.te funds to pay <br />the said indebtednus by napon of the faqt "Ul4t the W.t;e~,, Rev..., ~ <br />Issue has not yet been comPleted, and the Clty therefore can expect no substantial <br />amount of bond money pri<lJ:' to April 3, 1953, <br /> <br />7 <br /> <br />8 <br /> <br />WHEREAS the 1-1&:\;eJ:' De~~nt of the CUI of Sew&r~, .ne4ld. the, foreqoing amount <br />to meet its current obUgatioN, and " <br /> <br />NOit:,"Dt;EREmRE~ -!:~:;tlI!IlRES:lLttDhtlhrit:~efMliifwr4incl., C~~y ,qJ.e~k of "the City of <br />Seward be, and they hereby are, .u~ori.ed lP\dQi:r:.c~.d. t.o ,exeRt4l oae promissory <br />note substantially in the rorm he'reiwtu set forth to the order of the Seward <br />Branch, 1st Natiol\8,l Buk of Allchorage,whiClh .e.11 be for t5, aOQ.oo aM interest <br />at the rate of 61. per llQIlWI1 frOlll the date thereof, and <br /> <br />9 <br /> <br />13 <br /> <br />BE IT FUI?l'HER RESQLV:sD that the fom of, Mid note shall be aubStatlUally as <br />follows: <br /> <br />14 <br /> <br />. <br /> <br />Febroary, 1953 <br /> <br />Seward, AlalJka <br /> <br />15 <br /> <br />Por val.ue receiTBd, the C:i.ty of ~, Alaska, a IlIUnictPe;l <br />corporation, does hereby promise to pay within sixty (60) days <br />frQlll the :dUe hereof t.o the order 'of thes.wardBranoh~ 1St ' <br />National ~nk of hnchorage the sum of 35,500.00, and interest <br />thereonfraathh <lilts until the dite of paY'llienf, at' the rate <br />of 6'1. per annum; and to secure the said payment the City of <br />SlIward ,hereby pI".. to the lto1dtfr. hereof such portion of its <br />tax revenues to be collected by April 3, 1953, or as so~n there- <br />after .apOS'.1ble, a. MY be necesSary to satisfy the said <br />obligation in full. <br /> <br />16 <br /> <br />17 <br /> <br />18 <br /> <br />19 <br /> <br />20 <br /> <br />21 <br /> <br />~~~~L. <br />sse Painter, yor . <br /> <br />22 <br /> <br />23 <br /> <br /> <br />It <br /> <br />24 <br /> <br />Publication of this resolution shall be made by posting a copy hereof on <br />the city hall bulletin board for a period of ten (10) days fo1lowinq the passage hereof. <br /> <br />25 <br /> <br />26 <br /> <br />Introduced, passed, and approved this 2nd day of F,b~ary, 1953, the ~l., <br />gove~.i~q the introdaetion and passage of resoluti6ns'haveing been suspended. <br /> <br /> <br />~ <br />' "~L <br />) <br />aeJt'~ Painter, Mayor <br />City 'Of Seward <br /> <br />27 <br /> <br />28 <br /> <br />ATl'E3'l': <br /> <br />~ <br />.. ~ ~1..., <br /> <br />.8!grld earns, i ty Clerk <br />Ci ty of Seward, Alaska <br /> <br />29 <br /> <br />30 <br /> <br />31 <br /> <br />C g R '1' t F.I CAT E <br /> <br />32 I, Siqrid Stearns, Clerk of the City of Seward, Territory of Alaska, do hereby <br />certify that the foregoing resolution is a true, full and correct copy of a resolution <br />duly adopted by the City Council of said city on the 2nd day of February, 1953, and <br />Pagethat the same has been entered in the minutes of the meeting of said Council for said <br />date. <br /> <br />Sigrid stearns, City G1erlk <br />