Seward seaport record., 1951-09-12

of Eighty Thousand Dollars ($80,000.0O upon an install ment basis in monthly pay ments of not less than Seven Hundred Twenty Five ($725.0O) per month, without interest and without down payment; and for the payment of said purchase price to pledge the revenue of said . utility and as evidence of such indebtedness to issue bonds or such other security as to the Council may be deemed ap- propriate, and issue said bonds either as a separate series or in combination with other bonds to be authorized for the extension and improvement of said utility, all as authorized by the Act of Congress, ap- proved March 6, 1946, Chap ter 52, 50 Stat. 33, said bonds or other, security to be issued by subsequent ordinance or resolution of the Common Council of the City of Seward upon such terms, conditions, and maturities as may be or dained by said Council.
 The polling place will be at the City Hall in the City of Sew ard, Alaska, and the polls will be open from 500 AM. until zoo PM. of said day.
 Those persons who are citi- zens of the United States over the age of tWenty-one years, who are bona fide residents of the Territory of Alaska, and who have been such residents contin- uously during the entire year immediately preceding the elec- tion, and who have been such residents continuously for thirty days next preceding the election within the corporate limits of the City of Seward, who are able to read the Constitution of the United States in the English lan- guage, and to write the English language, and who are regis tered and qualified to vote in accordance with the ordinances of the City of Seward governing elections, shall be qualified to vote at said election.
 No special registration for this election prior to the date there of shall be required.
 If majority of the voters at said special election shall cast their votes in favor of entering into such agreement for the purpose of acquiring, expanding, rehabilitating, improving and extending the Seward Water System, and shall by such vote authorize the expenditure of Eighty Thousand Dollars (S8O,- 000.00) therefor, then the Coun- cil of said City proposes to issue revenue bonds or other security in the sum of Eighty Thousand Dollars (S80,000.00) secured only by a pledge of the revenue of said utility in the total principal sum of Eighty Thousand Dollars (S80,O00.00), which said sum shall bear no interest, or for such part thereof as the City Council of the City of Seward may deem necessary to accomp- fish the purposes of said agree ment.
 This notice is given pursuant to the Act of Congress approved March 6, 1946, Chapter 52, 50 Stat. 33. "@. Signed:
 EUGENE N. LANIER, (SeaD Mayor Attest:
 SIGRID STEARNS,
 City Clerk
 Section VIII. The form of the ballot shall consist of the ques- tion set forth in Section II of this ordinance.
 Section TX. All provisions of the laws of the United States of America, the Territory of Alas ka, and the general ordinances of the City of Seward regulating elections and the canvass of re- turns shall govern the election to be held under the provisions hereof
 Section x. If the above propo- sition carries at the said election the Common Council will take all steps necessary to implement