The Nome nugget., 1963-10-23
Rumoritis- It's Causes and Cure

N down he bars and through home You can hear any thing and everything relative the and water project some are based on personal dske hinge on fragments o 1 some are nure fantasy Some are true should be explored and made public.
 The newest runor is that obtain the sewer and water grant the HFA until the city holds another election This is true and the story is bascaly that:
 When the sewer and proposition was put before the voters the ballot called for indebtedness of S475ooo and to bonds be sold an interest rate not to exceed Az per cent
 This was predcaed the bond market the time firm which had indicated purchasing the sewer and water bonds time talking As per was the case VII" the sold Utility bonds The bond market has changed ana this bonding firm indicates that the interest rate to the y will be more per Thus there choce out to " the proposition before the more will not be nees sa however, the project the voter will act mercy on raising the interest limit from 42 cent to Sone higher order that bonds will be marketable The city advised of this only in the last week following an opinion rendered by bonding companys legal department
 Now another problem becomes apparent. In order to put this to under the election laws covering absentee ballot ing the public be given 20 days from the date Of he first notice voting day This barely fits into the 90 day extension that has been requested of the IFA of yesterday IF the H4fA grants additional 30 days order that the issue may be voted upon and IF the bacng done immediately and IF the popo stion paes IF the bonding company then accepts the enue bonds favorable both parties We have our project financially guaranteed - perhaps.
 Next The city still with the engineers submitted the feasibility report the bonding company To date been only meeting of the minds although they have and the Mayor has been there This is bacay because know exactly the of the ing expense making best attempts have black and white It is reported agreement will be reached shortly perhaps
 Next That Alaska Steamship Company will nquh property adjacent the bowling alley which is the proposed of the disposal plant This be termed partly Their contention that the property of extreme only Lomens but the for the purpose of But Alaska Steam has tentatively offered S4 feet of frontage in that Waterfront property and be expanded property has long been used for handling and only presume that - if Nome grows grows waterfront activity Consequently which is important the plant ade quate waterfront facility The they need force the issue by condemnation proceedings perhaps 1 Rumor continued - The Corps of Engineers has not given permission the city penetrate the for the purpose of dChagng from the plant Snake River The Corps of Engineers has such permission long the outfall complies with existing public health regulations
 This newspaper does feel that its duty, responsibility
 merely expose hecke public officials More often readers this rather than something sincere yet the sincere thought provoking study bring about good in the long pull
 It obvious most that city government lacks things At this point nearly lack city government city clerk treasurer (vod in against his wishes) hospital the Mayor twoweek 48: of the Counclmen assigned a commit North Another Councilman generally Mayor pro- in the absence of the Mayor Other Counmen busy trying make buck in their businesses
 According many Councilmen what the others thinking and planning There the Mayor and Council moved vacated
 ago. Some Councmen accused of being yes men Loxr:~c 1accf fharC