Seward daily gateway., 1923-12-29
First Division Approves Organic Act Drawn up by
 Convention Delegates

lature grant any corporation, associa-
 tion or individual any special or ex-
 elusive privilege, immunity, or fran
 chise without the affirmative appro-
 val of Congress; nor shall any Legis-
 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 Of any sectarian, denominational, or
 private 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 it's 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 ming expense thereof, except unless
 first specifically authorized by the Legislature, and in no event for anI amount in excess of ten per centum of the assessed valuation of the nron erty in said Territory or municipality as che case may be; that no indebt- edness for actual running expenses Inaii be created Or assumed in excess of the actual income of the Territory or municipality for that year. incIud- ing as part of such income appro- prlatlons then made by Congress and taxes levied and payable and applica- ble to the payment of such indebted- ness and cash and other money cred It's on hand and applicable and not all ready pledged for prior indebtedness; Provided That all authorized indebt- edness shall be paid in the order off Its creation; all taxes shall be uni-f 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 be 1 levled for Territorial purposes in ex-I cess of one per centum upon the as- sessed valuation of property therein Ill any one year, nor shall any incor-f pofated town or municipality levy anyI tax TOT general municipal or school purpose in excess of two Der centum
 the value of property within the town ln any one year; provided that the municipality may levy an addi- uonal tax of not to exceed two nor centum of said valuation for otbar purposes, but that such levy shall not De made unless first authorized bv of the property taxpavers of such municipality at a special election called for that purpose.
 Officials Must Be Residents
 me proposed Organic Act provides that all the officials of the Territory of South Alaska who are apnointed bv -he fresldent must be actual residents o1 South Alaska for at least one year immediately preceding their appoint nent.
 It provides that all Territorial prop- 7rty lying within the boundaries of! south Alaska shall become the prop erty of South Alaska and that the territory of South Alaska shall he gwen a percentage of the money in ne Treasury equal to the percentage '1 the money she has contributed to U during the preceding biennium and mat all money due to the Territory rom that portion of the Territory comprising South Alaska shall be due ana owing and paid to the Territory of South Alaska.
 All laws of the present Territory of Alaska applicable to South Alaska. are continued in force until repealed or amendment by the Legislature or by Congress.
 corporations organized in the Ter. rltory Of Alaska are permitted to cleo, whether they shall retain their stand ing in South Alaska or in the remain der of the present Alaska