The Daily Alaska empire. [volume] (Juneau, Alaska) 1926-1964, 1947-09-04
LEGAL NOTICE
KINY, Juneau. Alaska
KTKN, Ketchikan, Alaska.
PUBLIC NOTICE CONCERNING
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OF LICENSE
Edwin A. Kraft, 708 American
Building, Seattle, Washington, here
by gives notice that on August 18th,
1e47. he filed an application with
the Federal Communications Com
mission, requesting consent under
Section 310 (b) of the Communica-
tions Act (47 U. s. C. A. 3l0) 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 S95 ,000.0 if pur-
chased alone, payable as follows:
$50 600 payable when KINY's license
has been issued to William j. Wag-
ner; $7,500.0O with interest at the
rate of so per annum, one year
from date of bills of sale and deeds
have been given to William j. Wag-
ner, $750000 with interest at the
rate Of Sc per annum two years
from date of bills of sale and deeds
have been given to William j. Wag-
ner, S7.5O0.00 with interest at the
rate of SO per annum three years
from date of bills of sale and deeds
have been given to William j. Wag-
ner, and 500 $4,000 with interest at
the rate of SO per annum. payable
four years from date of bills CT 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 S65, 10000 if purchased alone,
payable as follows: S3500000 pay
able when KTKN's license has been
issued to William j. Wagner; So
10000 with interest at the rate Of
SO per annum one year from date
of bills of sale and deeds have been
given to William j. Wagner, SIS 10000
with interest at the rate of SO per
annum two years from date of bills
of sale and deeds have been given
to William J. Wagner, So 10000 with
interest at the rate of $50 per annum
three years from date of bills OF sale
and deds have been given to Will
liam j. Wagner, and S15,000.00 with
interest at the rate of So per annum
four years from date of bills of sale
and deeds have been given to Will
liam j. Wagner, or in event William
]. Wagner shall elect to purchase
both stations simultaneously, then
the price shall be total of $140,-
10000. payable as follows: SIS, 10000
payable when kings license and
KTKN's license have been issued to
william j. Wagner; S10,00000 with
interest at the rate of AZ per annum
payable one year from date OF bills
Of sale and deeds are furnished to
William j. Wagner; $10,000.000 with
interest at the rate of 40 per an
mum payable two years from date of
bills of sale and deeds are furnished
to William J. Wagner; 100000
with interest at the rate of 40 per
annum payable three years from
date of bills of sale and deeds are
furnished to William j, Wagner;
and $35,O00O0 with interest at the
rate of 49o 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-
ed Additional information concern
ing the transaction may be obtained
from the application, which is on
file at the office of the Federal
Communications Commission, in
Washington, D. C.
This notice is being given pursu-
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 81,
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.