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Home My WebLink AboutORDINANCE 0169-1969 ORDINANCE ~0. 169_-69 AN ORDINANCE of trte City of Kens/, Alaska, providing for the submtez/on to the qualif/ed eiector~ of the city at a special election to be held therein on Way 13, 1969 of a proposition of whether or not the city should issue its &choral obligation bonds in the principal amount of $ 150,000, fo[ the purpose of prnvid/nz part or required to make necessary capital lmprovementb to streets throuzh~ut the c/fy; and declaring an emer&eney. ~EREA$, in order to proviG~ ~ne C/fy of Kenai, Alaska (hereinafter called the "C/fy"), with an adequate street system it ~s deemed necessary and adv/sable that the C/fy construct certain cap/tel ~mprovements to ~ts ex/~t/n& street system, and to provide par: or all of the funds therefor t~at it issue its unlim~te~ tax levy &choral obliger/on bonds ~n the principal amount and ~IBREA$. the Const~ution of thc State of Alaska an~ the Chartc~ o£ the C/fy requ/re that the question of ~hether or not such bonds may be !ae~ed ~o~ such purposes must be submitted to the qualified electors of the City for their ~atiftcation or re~ectton; NO~, TI~REFORE, B~ ZT 0RDAI~ED by the Council of the Kenal, Alaska, as follows: Section 1. It ma hereby found and declared that ~e public health, ~elfare, safeSy and conventence'requl~e the City to .:~rri out the plane hereinafter p~ovtded. Bectlon 2. For the purpose o£ providin& £und~ necetvury to pay part or all of the costs of gradin&, filling, surfacing and pavln$ streets throu&hout the City where deemed necessary and also constructin& and installinE gutter0 and curbs wt~ere deemed necessary, the City ~all /osue mad sell /ts unlimited tax levy Reneral obltEation bonds in the principal a~ount of $_150,000~_. Pa~t oF the coots of the sbove~~escrlbed Improvements may oo~e From assesomento, grants, or other ~neys which the City may now or later have on h~d ~nd available for such purposes. Upon determination oF the amounts of money ovallab!e from ouch sources other th~n the proceeds of the sale of such bonds, the Councll ~hall determine the specific J~nprovements to be acquired, constructed and Installed, Sect/on ~o The above-mentioned bonds shall be cold et not less than par and accrued interact ~o tl~e date oF dellver~ and In such amounts and at eue~ time or tlme~ as deemed necessary and advisable by this Council and as pe~nttted by la~, shall bear interest payable seml- annually at a rate not to exceed the maximum rate pe~nlt~ed by law at the tlme of the sale thereoF, a~d shall mature serially In ouch a~ounts and at such t~mes in no~ to exceed thirty years from date oF ~s~ue as late~' authorized by thia Council. Both p~tnclpal of and tn~erest on ouch bond~ shall be payable out oF annual tax levies ~o be mede upon ~11~t~e 'taxable ~o~e~ty ~hln ~he City wl~hout ltmtta~ton es ~o rate or amount, and from such other ~ourcee (such ac assessments) a~ this Council may hereafte~ legally provide. The exact date, ~orm, ter~s, maturities and covenanto of ~atd hondo ohall be a~ hereaffter fixed ~y ordinance o~ o~dlnances of this Counollo ~ectlon ~° The proposition oF whethe~ or not the City shall l~eue said bonds for the purposes described in Section 2 hereof shell be submitted to the qualified electors of the City et a special election to be held therein on ~ay 13, 1969. Said proposition shall ~e I~ the following ~or~: FROPO$ITIO~ NO. 3 ~?REE~ GENERA~ OB~IOATIOB BOEDS, $_ 150,000, Shall the City of ~enal, Alaska, For the purpose o~ providing funds necessary to pay part or all of the cost of constructing certain capital Improvements ~o 1ts street eyotem, losue its 8enor~l obligation bonds in the p~tnclpal a~ount of $ l SO,Il00 , aaJd bonds to bear interest at a rate not to ~e~-~a--~he maximum rate permitted by law et the tl~e of any sale thereof, to Mature in nnt to exceed 30 years from date of ~ssue, end to be paid both cipal and interest f~om annual tax levies to be made upon all the taxable p~operty ~thin the c~ty ~thout ltmit~t~on ao to rate o~ ~ount ~d such other sources as the 6~t~ Oounctl may le&elly p~ovlde, all aa more spectftcall)' p~ovtded tn O~d~nance No. 1~-69, adopted April 2, 1~69~ BONDS, NO ....... ~ectton 5. Those el~b~e to vote at said special elect~on must possess the fol~o~tn& qualtfftcat%ona: a. They must be at leaa~ ~9 years of a&e. b. They mus~ be e~tzena off the Untied States, and for at le~t one year preced~n~ the election o~ttzens off the State of Alaska, ~d for 30 days l~edta~ely p~e~td~n& the elect~on ~ea~dents of :~e C~ty off Eena~, Alaska. c. ~hey mu~t be able to read ~d write the English lan&ua~e, aa p~eacr~bed by lu~. d. They must not be barred From vot~n& by ~y other provts~on of · e. ~hey .must be ~&EaZe~ed ~n the m~er prescribed tn Sections 6-3, 6-~, 6-5, 6-6, 6-7, ~d 6-8 off the Eenat Code, f. T~tr n~es must appear on the la~est tax assessment ~'~ f~r pUb&sea °r &ener~-m~ctpal taxation of the C~ty of Eenai, p~uant ~ ~ct~n 6-~; Renal Code. 3ection 6. For elector oP voter re&~at~atton the book ~1~ be open daily ~n the orifice or the City Clerk, C~ty Admtn~stra::on Build,ri&, Eerie, Alaska, from 9:00 o'clock A. ~. ~t%l ~:00 o'clock P. M. dally, except Saturdays, Sundays ~d holidays. Registration shall be clo~ed f~ve day~ preeedtnE the aatd special e~ect~on. A duplicate re&tatra~on index shall be Furniehed :~ t[~e ClePk-Be&~trar to the precinct Judzea ~d clerks of the elect~on, Section .7.. No:~ce of thta 5peelal elect~on ah&Il be publ~8hed once a week fo~ not ~e~a than three consecutive weeks ~n a new~pape~ Renewal c~rculat~on ~n the City, ~d the f~rot publication thereof shall be not leas than twenty days prior to aa~d elect~on date. 8a~d notice m~nod to be a newspaper of senegal ci~eulation w'~thin the City. ~otiee of this ~pec~l election sh~ll ~1~o be po~ted on the end in t~o other cor,~p~ouou~ place~ Nlthin the C~ty. ).~nLstr~t~on Butldln~, ~d the Kona~ A~ot/t Te~tnal Bu~ldin~. Said polls ahal~ be 'open from 8~00 o'clock A. ~, to 8:00 o'clock ?. ~. on the 13th day of Hay, Section 9. The follo~tn~ qualified electors of the City ~ereby dea~sn~ted ~d appointed to se~e aa Judsea ~d clerks at special election: PreoLnct No, 1 Precinct No. 2 Louis ~issen _, Ch~lz~m G~orgia Struble Norms Jordan ~edra £venson .._, C~Jal~an Karen llornaday___ Shi~ey..Morgan .._ Clerks Dorothy T~?~pson Frances Torkilsen ._ .Andrea Tyl_~e£_ Doris Day If a replacement shall be required for any of the above-nmned off!e!~!s, ~,~eh ~nplacement ma~ be appointed at any meetlnz of the City Council. Section 10. An emergency is hereby declared to exist, and the ~uleo governing the introduction, ~eadlng, passa&e and approval of this o~dinance are hereby suape~dod e~d th$s o~dtnance cnall bo effoctive immediately upon tt~ pao~age and ~pprbval. Publication of thla ord$nanoe shall he made by post~:~ s copy thereof on the City Council bulletin boaPd for a pe~1od of ton days ~Aa$~D and A~ROVED th~a 2nd day of April, 1959. By ~ Mortn,