HomeMy WebLinkAboutORDINANCE 0108-1967ClI'Y OF lig~l - ORDINANC~I NO. 108-67
PROVIDING FOR tHE $UB14I$~!0~ TO T~.g QUALIFIED ~LECTOR$ OF ~E CITY 0F
~AI AT A SP~L ~.~l~ TO BE H~ ~glN ON F~R~RY 28, 1967,
~T~L ~3 ~ZLZTY It~E B~ ~ iHE PRINCIPAL 3~ OF ~650, 000. 00
TO PROVIDS ~g F~DS N~C~SA~Y TO CON3TRUCT A H~ICIPAL ~T~L ~S
~ILITY DISTRIB~rlON iYST~ FOR THE CITY; AND D~RINC AN ~G~CY.
~t~a$, to furCher the health and welfare ot the lnhab£:ants
of :he City of Kenai, Alaska, it ia dee~ed necessary and advisable that
the City construct a municipal natural gas distribution and supply system
to serve the City and such othe~ natural gas consumers as may be feasi-
bly served by the said distribution system and to provide tunds to pay
the cost thereof, that :he City issue and sell natural gas utility
rev. enu. e bonds in the principal sum of $650,000.00; and
WHgREA$, thc constitution and laws of the State of Alaska
provide that questions of whether or not such bonds mey be issued for
,~uch purposes must be submitted to the qualified voters of ~he City
for their ratification or rejection;
BE IT ORDAINED BY TH,'- COUNCIL Of' THE CITY OF KF, NAI, ^LAiKA;
Sec_tion 1. It is hereby found and declared that the public
health, welfare, safety and convenience require the City to carry out
the plans hereinafter provided.
S. ection 2.' The City shall construct a municipal naLural gas
' utility supply and distribution system to serve the City and .uch other
natural sas consumers as may be feasibly served by said system consist-
in8 of all plant and equipment to complete the distribution system,
including, but not necessarily limited to, pipelines, meterm~ stations,
processing stations, valves, appurtenances and zequired related street
repair% acquisition oI all necessary lands, ea:;ements and rights-of-
way and Co pay all expenses incidental thereto, to serve the ,;ity as
indicated in the report prepared by engineers for the City and nc) on file
with, and available for inspection, in the Ofiice of the City Clerk.
Ii funds will not permit thc construction and inst,~£1a~ion of
al~ of the planned improvements, or ii anticipated governmen! grants
loc .'.h,.- ~onstruction of said improwements are not obtained, or are
rcduc, ed, ~h~n such portion thereof as may be fo~d to be most necessary
under all the circ~.~tan(:es by ~he City Co~cil~ up~ the advice of its
~.n;4Jn~ers, shat1 bu acquired, con:~uructed and in, tailed.
Jection ~. The bonds of such issue shall b~ sold in ~uch
a~ounts at not less than par plus accrued interest to date of
delivery and at such time, or times, as found to be necessary and as
permitted by law, shall bear interest at a rate of no~: to exceed ~ix
pt:r cent (6~I) and shall ma~ure in not more than thirty (30) years
from date of t~sue as the City Council may hereafter determine.
Both principal ot and interest on the said natural ~a:; utility
revenue bonds shall be fully payable out of the revenue of the natural
gas utility system of the City.
The exact date, form, terms, maturities and covenant:; of
said bonds shall be as hereinafter ii.xed by ordinance of th~ Lity
Cotmcil.
The proposition of whether or not the City shall issue
said revenue bonds /or the purposes described in Section 2, hereof,
shall be submitted to the qualified voters of the City for their ratifi-
cation or rejection at a special election to be held within the (;ity
on February 28, 1967. Said proposition shall be in the followin~ term.s:
PROPOSITION NO. 2
~ATURAL GAS UTILITY REVgNUE BONDS
~650,000.00
~hall the City of Kenai, Alaska, issue for the purpose
of providing the funds necessary to construct a munici-
pal natural gas utility supply and distribution system
for the City and for other consumer~ whtch may feasibly
be served by said system, acquire necessary lands, c. asco
ments and rights-of-way and pay all expenses incidental
thereto, hat.al ~a~ utility revenue bonds in th~ princl-
pal s~ of ~650, 000. 00, said bonds to b~r interco: a~ o
rate not co ~ceed s~ per cent per ann~, to ~ture not
more than thirty (30) years fro~ dat~ of issue, and co
payable, principal and incerest~ solely fr~ the ruv~nue~
of the ~icipal natural gas utility system of the City,
all as more specific~lly provided in Ordinance No. 108-67,
adopted Jan~ry 18, 196~?
soNo , s0 ...... / /
-2-
Section /+. Tho~e eligible ~o vo~e at .~a~d special ulu, tion
,;,,t.~t poss~S- the following qualificar, ions:
-,) l'hey must be at least 19 years of age.
:'hey m~t be citizens of the United Jtatt..,;,, and /or at lea~t one
year preceding the election citizen:~ of the irate oi Alaska, and
for 30 days t~nediately preceding tile election residents of the City
of Kenai, Alaska,
c) They =est be able to read and write the gn&li~h language, as pre-
~cr lbed by
d) ~hey must not be barred trom voting by any other provision of
e) They ~n~s~ be £eg£stereg in the manner prescribed in iection~
b-4~ 6o5~ ~-b~ ~-?~ and 0-8 ot l:he Itenai Code~ 1963.
$~cCion _5. The registration book w£11 be open daily tn the
o~/tce of the City Clerk, City Administration Building, Kenai, Alaska,
trom 9:00 o'clock A.N. uflcil 5:00 o'clock P.N. daily, except ~a~urday$,
Sundays and ~olidays. Regis~ra~ion shall be closed /i~e days preceding
said special election.
A duplicate regis~ra~ion index shall be turn£shed by the City
Clerk-Registrar to the precinc~ Judges and clerks ot the election.
3_croton b. Notice of the election shall be published once a
~eek /or hoc less Chan three consecutive weeks and ~he first notice
thereof shall be p~l~hed not less than Cw~y (20) days prior ,co said
special exactly, Said ~cice~ shall scare the C~e of closi~ of
relistracl~ and shall ~ published in "The Cook Inlet Co~i~r" and ~he
*%ncho~a~e Daily Ti~es' which are dete~lned Co be n~spapers oi ~enersl
circulaCi~ in the City ot Ke~i.
Notice ot the election shal~ be posted ac l~as: C~enCy (20)
days prior Co said elecci~ tn three conspicious places within :he City,
ie. ction ~. The designated pollin~ place will be the City
Ad~tnisCration Building. Said polls shall be open fro~ 8:00 o'clock
A.H. to 8:00 o'clock P. PL on the 28 day ot February, 1967.
&ection~8. The follo~l, ng qualified voters ot the City are hereby,{
appointed to serve as Judges and clerks at said special election:
jUDGF,,~: LOUI,~ NI,qSEIt CLERKS: FlAg R~UDSgN
ALLAN L. PiC'TLYRS{~'t NORIV'.A JORDAN '
N.!iDRA gVlllN$ON FRANCf,~ £OR~IL,SE1V
Ii replacement shall be required io~ any of the abov,:-n;med
officials, su¢'h replacement may be appointed by resolution pa.., .,,d by
th~: Council.
.~ectLon 9. 3. n emergency is hereby declored to exist and the
rule.+ governing the i. ntroduction, reading passage and approval of tilts
ordinance are hereby ~uapended and this ordinance ~hall be ~it~,t£ve
iu~ediately ~on its passage and approval.
P~lication af this ordinance shall be made by posting a ,.'opy
hcrt~of on the City Co<~cil bulletin board for a period of ten (I'D
day.-, roll.lng it~; passage.
PA$S~ this //,J~/ day of January, 196?.
CITY OF,gi;NAI, AI,AiK~
,
Hayor