The Daily Alaska empire., 1947-09-10
LEGAL NOTICE
LEGAL NOTICE KINY, Juneau, Alaska. KTKN. Ketchikan, Alaska. PUBLIC NOTICE CONCERNING PROPOSED ASSIGNMENT
 OF LICENSE

PROPOSED ASSIGNMENT
 OF LICENSE
 Edwin A. Kraft, 7O8 American Building. Seattle, Washington, here by gives notice that on August 18th, 1947. he filed an application with the Federal Communications Com mission, requesting consent under Section BIO (b) of the Communica- tions Act (47 U. s. c. A. 310) to as sign his assets and licenses to oper- ate Radio Station KINY, Juneau, Alaska and KTKN, Ketchikan, AL aska, to William J. Wagner, Anchor age, Alaska.
 Under the terms of a contract dated July 31st, 1947, Edwin A. Kraft agrees to sell to William J. Wagner, the entire physical assets used in the operations of KINY, Juneau, AL aska, for the sum of 95,00000 if pur- chased alone, payable as follows: $50 GOO payable when KINY's license has been issued to William J. Wag- ner; $7,50000 with interest at the rate of 59o per annum, one year from date of bills of sale and deeds have been given to William J. Wag- i ner. S7,50000 with interest at the rate of 5fo per annum two years from date of bills of sale and deeds have been given to William J. Wag- ner, $7,50000 with interest at the rate of 5fo per annum three years from date of bills of sale and deeds have been given to William J. Wag- her. and S22 .500.00 with interest at the rate of 5qo per annum. payable four years from date of bills of sale and deeds have been given to Will , liam J. Wagner the entire physical assets used in the operation of KTKN, Ketchikan, Alaska, for the sum of $65, ,00000 if purchased alone, payable as follows: 35,00000 pay able when KTKN's license has been [ issued to William J. Wagner; $5,- 00000 with interest at the rate Of i 5qo per annum one year from date of bills of sale and deeds have been | given to William J Wagner, $5,000 co l with interest at the rate of 5@6 per ! annum two years from date of bills of sale and deeds have been given 1 to William J. Wagner, S5,00000 with | interest at the rate of 59o per annum 1 three years from date of bills of sale and deds have been given to Will i liam J. Wagner, and S15,00000 with I interest at the rate of 5ge per annum 1 four years from date of bills of sale | and deeds have been given to Will 1 liam J. Wagner or in event William J. Wagner shall elect to purchase both stations simultaneously, then | the price shall be a total of $140,- I 00000, payable as fellows: SIS, 100000 payable when KINY's license and | KTKN'S license have been issued to 1 William J. Wagner; S10,00000 with ! interest at the rate of 4qo per annum payable one year from date of bills | of sale and deeds are furnished to William J. Wagner; $1O,00O0OO with 1 interest at the rate of 4go per an- mum payable two years from date of | bills of sale and deeds are furnished
 to William J. Wagner; $10,00000
 with interest at the rate of 495 per annum payable three years from 1 date of bills of sale and deeds are
 furnished to William J. Wagner
 and $35 100000 with interest at the
 rate of 4qs per annum, payable four years from date of bills of sale and deeds are furnished William J. Wag
 ner. At the option of William J
 Wagner, payments may be increas- l ed. Additional information concern ing the transaction may be obtained from the application, which is on
 file at the office of the Federal i Communications Commission, in Washington, D. c.
 This notice is being given pursu- l ant to Section 1921 of the rules of the Federal Communications Commission, which provides that
 no action will be taken upon the
 assignment of the licenses for a
 period of sixty days from August 27 1947, within which time other per
 sons desiring to purchase the facili-
 ties upon the same terms and con-
 ditions may file an application to
 this effect with the Federal Com
 munications Commission.
 EDWIN R. KRAFT.
 First publication, Aug. 28, 1947.