Seward daily gateway., 1923-12-28

lature pass local or special laws in
 any of the cases enumerated in the
 Act of July 20, 1886; nor shall any
 public money be appropriated by the
 Territory or any municipal corpora
 tiOn therein for the support or benefit
 ot any Sectarian, denominatiOnal, or
 | '-ivate school or any school not un-
 der the exclusive control of the Gov
 ernment; nor shall the Government of
 the Territory of South Alaska, or any
 political or municipal corporation or
 subdivision of the Territory make any
 subscription to the capital stock of
 any incorporated company, or in any
 manner lend its credit for the use
 thereof; that neither said Territory
 nor any municipal corporation therein
 have power or authority to create or assume any bonded indebtedness what sover, or borrow money in the name of the Territory or any municipal di- vision thereof or pledge the faith of
 the people of the same for any loan whatever, either directly or indirectly, or to create or assume, any indebted ness, for other than the actual run hing expense thereof, except unless first specifically authorized by the Legislature, and in no event for an amount in excess of ten per centum of the assessed valuation of the prop erty in said Territory or municipality as the case may be; that no indebt- edness for actual running expenses 6haii be created Or assumed in excess of the actual income of the Territory or municipality for that year, includ- Ing as part of such income appro. prlatlons then made by Congress and taxes levied and payable and applica- Die to the payment of such indebted ness and cash and other money cred Ns on hand and applicable and not all ready pledged for prior indebtedness: Provided That all authorized indebt- edness shall be paid in the order of It's creation; all taxes shall be uni form upon the same class of subjects and shall be levied and collected un- der the general laws and the assess ments shall be according to the act ual value thereof No tax shall he leVied for Territorial purposes in ex- cess ot one per cent1m upon the as- aeSSeu Valuatlon of property therein Ill any one year, nor shall any incor- porated town or municipality lew any tax for general municipal or school purpose in excess of two Der cent,,m
 the value of property within the town Tn any one year; provided that lne municipality may levy an addi- tiohal tax of not to exceed two ner centum of said valuation for otber purposes, but that such lew shall not oe made unless first authorized bv 2 majority of the property taxpavers ofI Such municipality at a special election called for that purpose
 Officials Must Be Residents lie proposed, Organic Act provides tiat all the officials of the Terri or,, or south Alaska who are appointed bv 'he Presldent must be actual residents oI south Alaska for at least ono ye,r ment. ppon'
 IL provides that all Territorial nron- eiy lylng within the boundaries off oou'h Alaska shall become the pron. erty or South Alaska and that incl lerr1tory of South Alaska shall he 5i'en percentage of the money in the treasury equal to the percentage oI the money she has contributed to 1t during the preceding biennium ond that all money due to the Territory rom that portion of the Territory comprising South Alaska shall be due and owing and paid to the Territory of South Alaska.
 All laws of the present Territory If Alaska applicable to South Alaska are continued in force. until repealed or amendment by the Legislature or by Congress.
 corporations organized in the Ter r1tory of Alaska are permitted to cleo; "nether they shall retain their stand Ing in South Alaska or in the remain der of the present Alaska