Seward seaport record., 1953-10-02
LEGAL NOTICE
Town of Seward, Alaska ELECTION ORDINANCE NO. 232

ToWn or seward, Alaska
 ELECTION ORDINANCE NO. 232
 An Ordinance providing for and calling bond election to be held on the 9th day of October, 1853, under authority of an Act of Congress- of May 2%, l936 (49 Stat. l38S) and an Act of Congress of August 24, l949 (63 Stat. 62D to submit to the duly qualified electors of said Town of Seward under said Act of Congress the proposition of mourning indebted ness in an amount not to exceed the sum of $150,000.00 with interest thereon at go per annum, to pur- chase from the United States d pub lie work which is described as fol- lows: a sewage disposal system, hereinafter called the project. and to pay to the United States at such time or times .as may be mutually agreed upon. the purchase price in the amount of $150, ,0e0.00 for said pro- ject; to perform the obligations inn posed by the United States in connec- tion with the purchase of the said project; to pledge the full faith and credit of the Town of Seward in pay ment of said indebtedness: to issue general obligation bonds bearing in tefest at 2td per annum payable semi annually in payment for said pro- ject; to levy tax, and declaring an emergency.
 WHEREAS the Town of Seward Alaska is duly authorized under the Act of Congress of May 2S. 1886 and an Act of Congress of August 2i, 1919 to enter into an agreement to purchase from the United States d project provided pursuant to said Act of Congress of August 24, 1949, to pay therefore d purchase price of and to pay interest thereon at the rate of 20 per annum; to issue gen eral obligation bonds with interest at 2tS per annum payable semi-annu- ally; to levy taxes. and to perform the obligations assumed under the agreement to purchase; and
 WHEREAS the Act of Congress of May 2S, 1886 provides that the incur ring of indebtedness shall be author ized by not less than SiXty-five per cent t65|D of the votes cast by the qualified electors of said Town of seward whose names appear upon the last tax assessment roll or record for municipal tax purposes in said municipality at an election called for that purpose, and
 WHEREAS by an election previ- "uSIy held for that purpose. the cleo toratc of the Town of Seward has authorized the Town to incur an in dehtedness of $l50.u00.00 for the pur- chH!e of the sewage disposal system:
 NOW, THEREFORE. BE TT OR DAMNED BY THE COMMON COU%- GIL or THE TOWN OF SEWARD, .ALASl[t:
 Section 1. That an election be held in the Town of Seward Alaska on tn" 9th day of October l95&. between the hours Of x o'clock AM. and : o'clock PM. of said day. ai which election there shall be submitted to the duly qualified electors of said Town of seward whose names appear on the last tax assessment roll or record for the purpose of municipal taxation for said Town of seward, the following proposition, to-wit
 Shall the Town of Seward. Alask;t, incur indebtedness in the sum uf S150. U00.00 for the purpose of ac- quiring the following public work of a permanent nature: sewage dis posal system. to he constructed by sold to the Town of Seward at T price not in excess of S15n. .uO0.h0. said indebtedness to bear interest al 2', per annum. to be evidenced by Project Construction d Sales Agreement between the Town of America and by general obligation bonds to mature in not to exceed thirty t30) years. secured by a pledge of the full faith and credit of the Town of Seward. Alaska. and to levy tax or taxes sufficient to pay the
  when due, all as provided by Ordi- nance No. 232 of the Town of Sew ard. Alaska. passed and approved the lth day of September. 195&. and which indebtedness shall supcrsede and replace the indebtedness prcVi- ously authorized for the sewer pro feet by Ordinance No. 2l6. adopted October %, 1851. and assume the obli- -ation to operate and maintain said public work in perpetuitN.
 Section ?. That the manner of con ducting and holding the said election and the detail thereof shall he in ac- cordancc with the requirements of law and Ordinances now in effect in said Town of seward as to general nr succial elections where applicable o" proCedurally adaptable to special elections for the purpose of approving or rejecting the authorization of in- d.btedneSs and a proposed bond is sue. except as hereinafter specifically otherwise prov ided Each ballot shall set forth the above proposition. as set forth in Section |, followed by the words: