Seward seaport record., 1954-04-16
ORDINANCE NO. 244

OhD1NANCE NO. 244 AN ORDINANCE of the City of Sew ard. Alaska, calling a special elec- tion for the purpose of submitting to the qualified electors of the city proposition of whether or not the city should issue it's electric utility revenue bonds in the principal sum of not to exceed S200.O00 for the purpose of providing funds to ac- quire and install certain improve ments to the electric utility system of the city
 WHEREAS, the City of Seward now owns, operates and maintains an electric utility system which is in need of the acquisition and installa- ton or q generating unit in order to furnish the city, its inhabitants and people living in the vicinity thereof with an adequate supply of cleo tricitv: and
 WHEREAS. it has been determined to be to the best interest and welfare of the city and it's inhabitants that it issue and sell its electric utility not to exceed s2O0,6O0 in order to provide funds for such purpose; and WHEREAS, the laws of the United states of America and the Territory of whether or not such bonds may be issued for such purpose must be submitted to the qualified electors of the city for their ratification or NOW. THEREFORE,, BE IT OR DAMNED by the Common Council of the City of Seward. Alaska, as fol lows:
 Section l. It. is hereby found and quires the city to acquire an approxi- mately 1200-kilowatt diesel electric generating unit and install the same at its present light plant complete with all necessary switch gears, ac- cessories and appurtenances.
 Section g. The city does hereby propose as an integral part of the plan for the acquisition and installa- tion. of said generating unit and for paying the cost thereof and all costs incidental thereto that it issue and sell its bonds payable from the rev enues of it's electric utility system Said bonds shall bear interest at rate of not to exceed 6ee per annum payable semiannually. and shall ma ture serially in not to exceed twenty date. form. terms and maturities of said bonds shall be as hereafter fixed by ordinance.
 Section 8. The foregoing plan for the issuance of said bonds to pay the cost of the acquisition and instal1a- tion of such generating unit shall be submitted to the qualified electors of the city for their ratification or re- lection at a special election to be held therein on the Eth day of May, 1N5i. Tho nropoSition to be so sub mitted shall be as follows:
 PROPOSITION
 Shall the City of Seward, Alaska, issue it's bonds payable out of the revenue of its electric utility system in the principal sum of not to exceed $200,000. such bonds to bear interest at a rate of not to exceed 6f6 per annum and to mature serially in not to exceed 20 years from date of issue, for the purpose. of providing funds tric generating unit as a part of it's electric utility system, all as more fully provided in Ordinance No. PA of the city adopted April 5. 1854? BONDS. YES ............7 BONDS, NO ...............0 The polling place for said special election shall be the
 CITY HALL
 Said polling place shall be open from S:O0 o'clock a. m. to zoo o'clock The election officials to serve at such polling place shall be as fol- lows:
 Father L. Russell Clapp
 Inspector-Judge Mildred E. kirkpatriek
 Alice F. Lorang '"'Se
 Ienore Robbins
 Clerk
 Wilma F. Lind
 Clerk
 All qualified and registered voters of the city shall be entitled to vote at said election.
 The registration for such election. the manner of giving notice and con ducting the same, and the canvass of the returns of such election shall he in accordance with the require ments of law and ordinances of the city for general and special elections held within the city.
 Section 4. This ordinance shall take effect immediately upon it's passaee. approval and execution, and sh"il he posted on the h',lletin hoard shall he opsted on the bulletin hoard of the City Hall in Seward, Alas for period of twenty days. prior to the date of election, and shall be nuhlished once a week for two consec- ut ve Wee''r in reNveNaner of gen- eral circulation in the City of Seward PASSED under susrension of the rules hy the Common Council of the Citv of Seward Alaska and approved hv the Mayor this 5th day of April, 19-i
 CITY OF SEWARD. ALASKA
 By RUSSELL PAINTER. ATTEST: EUGENE L. MAGERs
 City Clerk
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