The Alaska daily empire., 1916-08-31
BOND ISSUE OF JUNEAU GOES TO
 THE PRESIDENT
Continued from rage one

the bill placed on Che calendar. Mir. King made statements at two meet ings of the committee on Terri tories. and the committee's report said that Councilman James II. King had made conclusive state ments, showing the immediate need of the legislation.
 Interested in Alaska.
 Mr. King says he found Senators and Representatives of both parties very greatly interested in Alaska, and anxious to enact legislation that will be beneficial to the Territory. Ie says the members of the Senate md House committees on Territor- es are planning Co make trip through Alaska next summer, and hat very likely arrangemnets will DC made at the short session next winter for such a tour.
 Mir. King was away from Alaska ess than month. He spent some ime in Kansas City, visiting rela- ives and friends. He spent three lays in Washington. but admits that hey were very busy days. He says le enjoyed every minute of his rip. but is glad to be back in Ju- leau.
 Text of the Bill.
 The following is the text of the pill:
 That the incorporated town of Juneau. Alaska, is hereby author zed and empowered to issue it's ponds in any sum not exceeding ;75.OOO for the purpose of con- tructing schoolhouse in said own and eQuipping the same.
 "Sec. 2. That before said bonds hall be issued a special election hall be ordered by the common omcil of the town of Juneau, at which election the question whether uch bonds shall be issued shall be ubmitted to the qualified electors ,f said town of Juneau. Thirty lays notice of any such election hall be given by publication there in a newspaper printed and pub- ished and Of general circulation in aid town before the day fixed for uch election.
 Sec. 8. That the registration or such election. the manner Of onducting the same. and the can ass of the returns of said election hall be, as nearly as practicable. in ccordance with the requirements Of rw in general or special elections n said municipality. and said bonds hall be issued only upon the condi- ion that a majority of the votes asst at such election in said town hall be in favor Of issuing said ionds.
 See. 4. That the bonds above pecihed when authorized to be is- ned as herenbefore provided. shall 'ear interest at a rate not 10 ex- eed seven per centum per annum, ayable semiannually. and shall not 'e sold for less than their par value with accrued interest and shall be n denominations not exceeding S1.- 100 each. the principal to be ne in ten years from date there [: PROVIDED, HOWEVER. That he common council of said town f Juneau may reserve the right to ny or such bonds in their numeri- al order at the rate or $1O,OOO. or ess thereof per annum from and fter the expiration Of four years rom their date. Principal and in- crest shall be payable in lawful honey of the United States Of Am 'rica at the office of the town reasurer Of the town of Juneau. Alaska, or at such other places as nay be designated by the common ouncil of the town of Juneau: the llace of payment to be mentioned in aid bonds: AND PROVIDED FUR HER. That each and every such iond shall have the written sigma ure of the mayor and clerk of said own of Juneau and also bear the cal of said town.
 See. 3. That no part of the unds arising from the sale of said ponds shall be used for any purpose 'ther than specified in this Act. iaid bonds shall be sold only in uch amounts as the common coun- fl shall direct, and the proceeds hereof shall be disbursed by the chool board of said town under he limitations hcreinbefore imposed nd under the direction of said com non council from time to time as he same may be required for the purpose aforesaid"
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