HomeMy WebLinkAboutORDINANCE 0117-1967,I
'Ii
$he ~e~u]$ of ~ special election held on ~ebvuary 28,
voSer~ of ~he city of Mx propo~It~on~, each of whdcL
~as a~ ~o whether or n~ the ciCy ~hould l~oue its
$o pay the coat of vavlou:; inprovenents to the facilities
of the oily; p~o'z~d~n;- for tlc issuance and sale of ~he
general obllaaLion bond~ apI'vOVefl aL sa~d special election
for ~nuntc~pal water
,;y~en ~mp~cvements in the amount of
$500,000, For rauniofpa] ~e~,;ev fmprove:.er.t: fn the amcun~
of $500,090, and for mur. fcfral s~eet ~r.,t,vav.z.:'.ent~ ~r, the
amount of $~00,000; fizfr, K the date, fort:, terns:,
and covenants thereof; f'~ed~fn6 the levy of ~ene~al
~o pay the principal thereof and fnterer. L ~hevecn; authov~z~nE
the city ~o use o~her legally avaf]ab].e nc. nieo for ~ueh
paymen~n; c~eatfnj a special fund Fen tk.e pay~ent of such
principal and Jnterer:~; creating tLree con..Cru..~fon funds;
and declaring an eme~ger, cy,
WHEtIEAS, at a special election beJd In tt.e C~ty of Kenal,
Ala.'-;kt,, (her, eh;a£ter called the "city") on Fc. brua?y 28, 1967, r, un,suant
to it,'; Charter, to Ordlnanceg nu;-,bored 107, ]0;~, ]09? 1]0,
113, adopted Jqnuary ].8, 1967, and other I'eso]ut]onr. and
OF the courm~] of the cit~, the (!ual~fic. d e].c. ctcr::
the ]:;:;vance of Kcnera]. obl~gatlc, n ben,:,; of the ' :
. .. c.,t/ Jr: tim
ar,,ount of $50(:~f:00 for' certain caf. ltel imp:'ovc:;~:t:' to tk¢, ~::.'~,.r' ~yr. te:~.
Of the city,
imf,:'¢,v,,:'.r.nts to thc. sewer :;y.':te:. of' tlc city;
al;:ount o¢' $;;00,000 for oe;.taJn ca.'..J'ca] J:,..r..-uv(-..,r,,...'' to tM. ::trect
of' t, hc city; and
WIIEREAS, at saXd spoci::l election, ~},c, qu::]if'~<.,.~ (.leer,'.,,.:'
auther, Jzcd the J?'.::,f:nr.v of :ev,'.nuc bond:, ¢,f' t}.o city
of' :'3300,(;.S"J fc.~ co',t:.;:: :l':.;,;','.v,:;r:.l..' t',
general obligation bonds be now provided for, that the same be combined
in one issue, and that the date, form, teri:.s, maturities and covenants
thereof now be fixed;
NOW, THEREFORE, BE IT 0RDAINED by the Council of the City
Of Kenat, Alaska, as follows:
Section 1, That the adoption by the qualified electors
of the city at a special election held therein on Fekru~ry 28, 1967,
of the following propositions: ·
PROPOSITION NO. 1
ELECTRIC LIGHT AND POWER REVENUE BONDS
$~00,000
Shall the City of Eenal, Alaska, for the purpose of
providing funds necessary to acquire an additional
inc~e~e~t of electric light and power distribution
system for extending, improving, repairing the
existing electric distribution system of the City
and for acquiring all necessary lands, easements and
~lghts-of-way necessary the~e£or and to pay all
expenses incidental thereto: issue its electric
light and power ~evenue bonds in thc p~incipal
s~m bf $300,000.00, said bonds to bear interest
at a rate not to'exceed six percent per annum,
to mature not more than thirty years from date of
issue, and to be paid both principal and interest,
solely f~om the.revenues of the electrical system
.of the City of Eenai, all as more specifically
p~ovided in O~dinance No. 107-67, adopted January
18, 1967.
Bonds, Yes ........ / /
Bonds, No ........ / /
~,OPOSI'I'iOI] NO. 2
NATURAl, GAS UT]I,ITY HEV?:I:I~;. ~" "'-"
$650,000
Shall the City of Kenal, A]I::-I'::, i::::;,~, for the
purpose of pI"ovidlnl; the fundr, n<',~':::;;:ry bo construct
a munlr.~},a] natural gas supply a~],t d.i~;trlbutlon
systori fc'r t}~e City and for otb~.r cc.n::u'ncr~; which may
feasJbJy be served by ~:?~d sF:.i.,-.;-, acq,,fre nece~'s-r,y
]ondz, er~':c, ncnt;; aLd l']Fl~l,:;-of.~..::}. &l:,] pr, y
expenses l~cluenta] thrrcto, natural r'a:; utility
revenue bonds In the pr~nelpal sum of $650,000.00,
....... ,,.,;, to be?a? ~l'lte~'c~ at a Pat(' not to
percent per ar, nu~., to mature not mo:?~: that. thirty
years from date of i:;~;u,., and to be payable,
a~d Intere~t, uo]ely fro:', tL~. r'ew:nu~.~ of ~he
~a~ura] ~as utli~ty zy~tc::: of the City, all as more
specifically provided ir, Ordinance No. 102-67, adopted
January 18, 196Y.
Bonds, Yes ....... / /
Bonds, No ........ / /
PhOPOSITIOI; NO, 3
WATER GENERAL OBLIGATIOIi BOL'D$
$500,000
Shall the City of Kenat, Alaska, for the purpose of
p~ovidln~ funds necessary to construct additions
to the municipal water supply and distribution system
fo~ the City issue its water general obligation bonds
in ~he p~lnclpal sum of $500,000.00, ~ald bonds ~o bear
lntores~ at a rate of not to exceed slx percent per
annum, Zo mature tn not more than thirty years from date
of issue and ~o be paid, both principal and inte~eut,
f~om annual ~ax levies to be made upon all taxable
p~ope~ty within the C~Zy and such otheF sources as the
CiZy Council may thereafter legally provide all as
mo~e specifically provided in Omdinance Number 109-67,
adopted January 18, 1967.
Bonds, Yes ........ / /
Bond~, No ........ / /
PROPOSITION NO. ~
SEWE!{ OEhERAL Oi~JJC. ATION BONDS
$500,000
Shall the City of Kenat, Alasl:s, for the I,urFo:;- of
providln~ funds necessary to construct ad~lJ, tlon~: to
~he municipal sewa~'e co]l(,ct~on an,i d:Isl,os~l
for thc City ~ssue ~ts 5(,~:rr Etncla] ob]~['al Ion bond[;
~n the pr~c~pal sum of ~.50(:,000.00, sa~d bonds to
bear intercs~ at a rate of' w,t to e~ccod slx perc(mt
per annum~ to maturu In m,t more than thirty
f~om date of ts::ue anH t~. b,. i,~.io both t,rJDclpa] ar, d
interest from annual tax ]~,vi(,~: to be made upon ali the
as the City Courm~ may t}c. roaftcr ]c/~a]]y provldc, all
as more ~:pcclfical]y i,r(,','ld~.~i ~n ordinance numb,*r ]13-67,
adopted January ]8, ]9h7.
Bonds, Ye,'; ........ / /
P,o;,d:;, No ........ / /
PI:OPOSITION NO. 5
STREET IMPItOVEI.!i.;:I'J' OEl;i..f:li, r~I:I,l.fi&l'IOIl BO,,D.,' '" '
$1~00, OOr.
Shall the City of KenaI, A~azPa, fr,;. tt.e p,Jrpo;;;:
p~'ovidlnl; funds neces~;ary to to~:;truct and pave
and roads ~:Ithl~ tlc City ~:::;ue ~ts street improvement
general obll~atton bonds ~r, the i,r~r, clla] sum of $~00,000,00,
said bonds to bear interest at a rate not to exes, ed six pe~ce~t
per annum to mature in not more than thirty years from the
date of issue, and to be paid, both principal and
out of ann~a] tax levle~ to be u. ade up~m all the taxable
p~operty within the City an~ such other sources as the City
Council may hereafter !e~l:,lly provide,' all ac more
specifically provided In Ord/r, ance Number 110-~7 adopted
~anua~y 18, 1967. '
Bonds, Ye,'-: ........ / /
Bond s, No ........ / /
be hsd the same is hereby in all respectl~ ratified and conflr,~.ed.
Section 2. That fo~ the pt:rporm of providing fund:; to pay
~he cos~ of tho acqui~ltlon, construction, and im;tallation of those
certain ~ater, sea;er and street additions and i~:.provements authorized
by O~dinances numbered 109, IlO and 113 of the City Council adopted
January 18, 1967, and by the qualified e]ectori; of the City at the
above mentioned special, election pursuant to propo~tions 3, ~ ar,d 5,
the City shall issue and sell all thc. $1,~00,000 of said bondi; so
authm'tzed tn one issue.
Sa].a bor~(ls shall be known a:: "CJty of g~,nai General PurI, a~:e
General Obligation Bonds, 1967, .
be dated Sept(:r,;be~ 1, 1967, ~ha]l I,~, mu:~t,fr(.(] from ] to 280 ~ncluMve~
at a rate or rate~ of' I~of to exceed r.? per
on the first days of I4arch and Sepi.~:-.t,.r of' ~nr.h year fron date of
~:u;uc. a~ ovidi.~ccd by coupons to b~, r,.tt;:ch,.d riveter, o, nnd ~;hall be
~ulal~e?,cfl f, rid [l~attll'C iii oPdc. r of th~. Ir n~lr:L(;-.
I10
Bond No~. g._~u~.~¥_. !,/:t~: Amount
1-4 September ], ]gr.L $20,000
5-8 September 1, ]gr.S 20,000
9-13 September ], ]'9'/0 2~,000
1~-18 September 1, 1973 25,000
19-23 September J, ] P72 25,000
2Ji-28 Septembe~ I, J 97~ 25,000
29-351 September ], ]974 30,000
35-110 September ], 1979 30,000
~2-~t6 ~eptember 1, ~9Y6 30,000
~7-53 ~eptcmber 1, 3977 35,000
~-60 geptember 1, 1978 3~,000
61-67 September 1, 1979 35,000
68-75 Sep$c-mbev 1, ~9~0 ' 40,000
76-83 ~ep$embor l, 1981 /t0,000
8~-91 September 1, 1982 ~0,000
9~-100 September 1, 1983 ~,000
101-109 September 1, 1984 ~5,000
110-119 September 1, 1985 50,000
120-129 September 1, 1986 50,000
1~0-11~0 ~eptember 1, 1987 59,000
} ~Z151 September 1, 1988 55,000
~2 163 ~ep~ember 1, 1989 60,000
1~-17~ Septembe~ 1, 1990 60,000
176-188 September 1, ]991 65,000
1~9-202 September 1, 1992 70,000
20~-216 September 1, ]993 70,000
217-2~1 September 1, 199h 75,000
2~2-2~7 September 1, ]995 80,000
2~8-263 September 1, 1996 80,000
261t-280 ~eptember 1, 1997 85,000
Both principal of and ~ntere~;t on the Bond~ ~hall be
payable in Za~tful. money of :he United Stateo of America at the
B~aneh, Alaska State Bank, or, at ~he option of the holder, at the
main office of /:e,~ttl. e Trust and Savings Bank, Seattle, Waehington,
or at the main office of the Chemical Bank New York qruot Company,
Now York, Ilew York.
Sec$to. 3. The clty Lereby recer, ve~ the r'J. aht to redcc::~
out~tar;dt.f~ ~on(l~; of this J:;:;ue, ~n who]e, or tn part J.n ]nvcP~;c
~mr:r~cal ordc, r, a~ thc, f,~3]owJtu; tJ;'mr; and at the f'o2lowlng prJ(-e~
~zl,re~?d aa a pcrcr;t~t:q.? of tt,(, pr]r~c~j-~.] ar.ount plus accrued Interest
to the date of
at J 04
On Bol,te::;be~. ]., 19'/g ahd l,i:,rc:h ], ].979, ~nc]usJvc,
at 103
O. f:"it":'L~t ], I'Y/9 :,n(I %:.r,:t: l, 19;;0, ~:' I,,:'~Ve,
On September 1, 1980 and
at 101
On September 1, 1981 an,l any ~nterest l~H.yr, rr, t date
thereafter at 100.
Notice of any such intended red(.r,',t,t~or, :;LaJ] be [~.'~vcn by
one publication in a fJ.n%nc ia ]. JourHa] of i;er,eral cJrculatJor, In the
City of New York, New York, and the City of Seattle, WaF, hlnL, ton, with
each such publication to be not more than forty nor ]es;; than thirty
days p~lor to said redemption date.
Interest on any Bond or Bonds so called for redemption shall
cease on such redemption date unless the same are not redeemed upon
p~esentation made pursuant to such call.
In addition to such publication and mailing, the City Clerk
sha~l also mail notice of such intended redemption to Standard
& P6or's Col-potation and Moody's Investors Service, Inc., New
~o~k, New York, or to their successors, ~f any. The maillnl~ of
s~ch notice shall not, however, be a condition precedent to the
call of any Bonds for redemption and failure to give such notice
shall not affec~ ~he riEht of the City to redeem Bonds cai]ed
fop Pedemp~lon In ~he me,hod set foP%h In the preceding paPaE?aph.
Se~$ion h. There is hereby cPeated a special fund of ~ho
~i~y ~o be known as "City of Kenai~ 1967 0choral Purpose 0ChOral Obllsa~io~
Bond Redemption Fund," (hereinaf~eP called the "hoDd Redemption Fund") ',
which fund shall be drawn upon fop the sole purpose of paying the :
principal of and interest on the Bonds as the za~e shall become due. '-i
All accrued interest received f~om the sale of the Bonds sha]] be ~
pai{] Into the Bond }{eOemf, tlon Fund.
Section 5. The city ma~ hereafter form local improvement
districts w~thin %he city fop ~he puPpose of as~:esslnC a poPt]on of
the cost of the Improvements to bO constructed out of ~be pl'ocoods of
the sale of the Honds a~{ainst benefited prop~ ..... .
. ~., ow~e~s For BO
1Oh? nS ~l'~y Of tho }lends are outsts;id~n/~ the c~ty hereby coven~nt~ ar,d
agrees that all of the a:;sess.",:ent.z c¢~ lcvier! ir, any such local
improvement distrlcts,.~;hen col]e.:,tcd, :~kall be deposited In the Bond
Redemption Fund for use in )','~y~r,e:.t cf t.L(. prlnc]pal of and interest
on the Bond~.
Sec___t. ton 6. From and after the date of issue of the Bonds
and for as long as any of the sam,., remain outstanding and unpaid, the
Olty furthe~ covenants and obligate:; itself ~o levy and esl]eot
ad valorem gaxe~ upon all the taxaLle [.roperty within the e~ty without
l~ml~agion a~ go rate or amount and tn an amount or amounts
sufficient, together with the moneys authorized in Section 5 of this
ordinance to be paid into the Bon~] ~<edempt~on Fund, and together with
oth~ monies legally available therefor, to pay the principal of and
~n$~es~ on She Bonds as the same shall become due. All of sa~d ad
valorem Saxe~ so ~ollected shall be paid p~omptly ~n~o sa~d Bond
Redemp~ion Pund a% least thirty days prior $o the dates on which any
ln~$allmen~ of ~nterest on or princ~pal of and ~nterest on ~he Bonds
ou~sgand~ng shall become due and payable. For the levy and
of suoh ~axes and for $he prompt payment of such p~ncfpal and lntepest
She full faa%h, ~red~t and resources of the city a~e hereby irrevocably
pledged,
Section 7. There is hereby crea~ed a special fund of the
city to be known as the "City of K(.r, c l Water Sy:~tem Improvement
Con~%ru~tion Fund, 1967," (hereinafter called the "WaCeP System
Construct/on Fund"). Out of %he proeee,.;,; of glo ~ale of the Bonds
the fum of $500,000 shall be paid into such Fund and shall be used only
fop the purpose of pa)'inc %be cos~ of acquJ. Ptng, constructtn~; and
~nstallt~li; caI, t%al lmpPov(.ments to the munlcJpa] w~ter supply and
d~stributJon s~.tem of the c~ty inc].udtng wells, complete with
equll,~neng~ water otoral,e tank:;, well. houses, pu~6ps, wa~oP mains,
valven, appurte.tlancez, re]at(,d str/,c:% repairs, acquisition of ail.
noci ":~t,~ J;llv,n~ ~'a::r.:'.,.l~t :; ~,,~ ~r-}.t~.-,,~. .....~, ~,, ,4 ~ , ........ ~ .......
incidental thereto, for additional water service east from the
pre~ent system to Kenai Central High School and adjacent areas and
we~t alert& Foreat D~ve and adjacent areas, to oerve propert~e~
abutt~n~ streets l~sted ~n the plan of ~mprovements no~ on
with the C~ty Clerk, ~h~ch plan ~ ~ncorporated by reference here~n.
Section 8, The~e ~s hereby c~eated a ~pecial f~nd of the
city to be known as the "C~ty of ~enat Sewer System Improvement
Construction Fund, 1~7" (herelnaf:e~ called ~he "Se~er Sy~te:~
Construction Fund"). Out of the p~oceeds of ~he ~ale of the
the sum of $~00,000 shall be pa~d into auch Fund and shall be used
only fo~ the purpose of paying the coot of con~tructinz an~ In~;tall~.ng
capital imp~ovement~ ~o the mun~cipal sewage collectlcn and
~yste~ of the c~ty including collector sewers, clear;outs,
appurtenances, related street repairs, acqu~t,~on of al] n~..c,..:::;~ry
land~, easement~ and ~ights-of-way and to pay ail expen~c~ ~r,::~entsl
thcr~tv, fo~ additional sewe~ service East from the presc, r,t .~.,.~"~'~...'- to
Ker, a~ Central ~lgh School and adjacent a~eas arid West alor.~:
Drlve and adj,,cent areas, to serve prorc, rtle~ abuttln~ strc.~.::.
~uch sreaa ]Ir. ted Sn the plan of i~aprovement~ no~ on fil. e w~
C~ty Clerk, which plan is ~ncorporatcd by reference
~c~o_u._9. Ther, e i~ hereby created ;~ n~.cc~:~] rt::.~ ,.f
e]ty ~ be k~:o~;h a~; the "S~Ly of Eenst Street ~raprc,v,.";<.r,t Cc,: :.',.,
Fu~..:,' (hcre~ri;.fte~, called the "Street Ccnstruettn~ ~'und"). c,,,~ cf' thc
--
t
contemporary engineering standar, ds for' roads and street:; so constructed,
to acquire all necessary lands, ea.~c'r~ents an4 rights-of-way and
to pay all expenses incidental thereto. Such street improvement.~ shall
be con~ructed in the area presently semve¢! by city water and sewer
and such additional areas as the Council may determlne.
Section 10. If the funds available will not perlnlt the
construction and installation of all the improvements s6t forth in
Sections 7, 8 and 9, or if anticipated goverm~ent grants for the
construction of said water and sewer improvements are not obtained,
Or are ~educed, then such portion thee, eof as may be found most
necessary under all the circumstances by the city government, upon the
advice of its engineers shall be acquired, constructed and installed.
Section 11. The Bonds shall be in substantially the
followint~ romA.
UNITED STATES OF AMEEICA
No. $5,000
~ STATE OF ALASKA
CITY OF KENAI
OENERAL PURPOSE GENERAL OBLIGATION BOND, 1967
The City of Kenai, a municipal corporation of the State
of Alaska, for value received hereb2 promlzcs to pa2 to bearer
on the first day of Septc.-;,ber, 19 .., the pr~-.ncipal sum of
FIVE THOUSAND DOLLARS
togetheI' with interest thereon aL the rate of % per annum
payable semiannually or: the fid'st days of Mar'ch and September of
each year from date hereof, a.' evidenced by and upon presr:ntatlon
and surrender of thc attached ~nterest coupons as they severally
become due~ or until such sum shall have been paid for du].y
provided for. Both princ~pal and interest are payable in lawful
money of the United Stat(::; of America at the Kena~ Branch of
t}~(. A]','--
a.;,.,~ S1;:~te };ank, o~' at th~ option of tho ~o],leI', 8t the
main off'ice of the Seattle Trust and Savln;g:; Bank in Seattle,
Washington, or at the main office of bhe Chemical Bank New York
Truss ~ompany, in New York, New 'k~r'k.
The city ha.-, reserved th~_. rf.~t to redeem the out:ttandfng
bonds of this issue in whole, or in ~art In inverse numerical
order, at tI,e followfng tlme:; ar:,.' at the following price.'; expressed
a~ a percentage of the princi[,a] a:r. ount, plus accrued interest to
the date of redemption.
On September 1, 1977 and V. arch 1, 19'~8, ~neluslve,
at 10~
On September I, 1972 and ~,~ar'ch 1, 1979, inclusive,
at 103
On ~ep~ember i, 1979 and Earth l, 1980, inc]us~ve,
at 102
On September 1, 1980 and t~avch ], 1981, inclusive,
at 101
Off September 1, 1981 and any interest payment date
~hercafter at 100,
No, ice of any such intended redemption shall be given by
one publtcat~.on thereof in a nc%~spapev of general ctrcu].atton
in the City of New York, New York, and the City of Seattle,
Wa~hinggon, not move than forty nov less than thirty days prior
~o said redemption d~te. Interest on any Bond oP Bonds so called
fop ~edeml,tlon shall cease on ~;uch ~.edemptio~ date unless
~ame a~e not redeemed upon pr'et:entation made pursuant to such
'fhts bond ts one of an ir;~;ue of two hundred eighty bonds
lire amount, date and tenor except as to nut,em, rate of ~nterest
and date of maturity af;gr, eEatii,tl t[,~. p~.inc~i.al sum of $],;100,000 and
is issued puvsuant to thc Con:;tltut~on and laws of the State
of Alaska, the Cha~ter of' thc City of Kena~, a vote of thc qualified
e]ectov~ of the city and duly a3r, t,tc~ o~dlnt, nce:: and
fop the pur, po~e of provldlm., f'un-!~ Lc, pay the coot of acquiring,
constpuetlnf~ and Installing ce?t? in ear, tLs] Jn,l :"ovementr: to the
]CJ.
r
the city°
This bond and the bonds of t.h~:: ls:;ue are payable both
principal an~ interest out of the z[,ecia] fund of the city entitled
"City of Kenai 1967 General Pure, ese General Oblization Bond
Redemption Fund" created by Ordinance No. ~ of %he city.
The city has oblt~ated and bound itself ~o levy and collect
ad valol'em tax.es on ail the taxable property within the city
without limi~ation as to ~ate or amount in amounts sufficient,
Zo~e%he~ wi~h ail other funds available therefor, to pay the
p~incipal of and interest on the bonds of this issue as the same
shall become due. For the levy and collection of such taxes and
~he pFompt payment of such principal and interest the full faith,
· c~edi~ and ~esou~ces of the city are hereby i~evooably pledged.
I~ is hereby certified that all acts, conditions and things
~,e~uired by the Constitution and laws of the State of Alaska, the
~harter of the City of Kenai and ordinances and resolutions of
~ai4 city to have been done precedent to and in the issuance of this
~end ~ve happened, ~een done and performed and that the total
inde~tedness of the City ef Eenat, including %ht:~ bond and the
~onds of this issue, docs not exceed any debt limitation prescribed
~y such ch~ter.
IN W~THESS WHEkEOF, the City of Kena~, Alaska, has caused
this bond to be slgr, cd by its Mayor, to be atteoted by its Clerk,
the official sea] of the city to be impress;ed he~eon and the
infer'est coupon:; ~ttached he~eto t(~ be s1~ned with thc facstml]e
signature:; of sa~d off]clals t,,i.~ ]:;t day of September, 1967
CITY OF KEUAI, ALASKA
By
Mayor
The interest coupons attached to zald her, dh shall be in
substantially the following forra:
On the 'first day of ......... , 19 .... , thc City of Kenai,
Alaska, will pay to bearer at the Kenai Branch, Alaska State
Bank, or, at the option of the holder, at the main office of
the Seattle Trust and Savings r~ank in Seattle, Washington, or at
the main office of Chemical Bank New York Trust Company in
New York, New York, the sum sho~m hereon in lawful money of
the United Sta~es of America, said sum being the semiannual
interest due that da~e on its ~eneral Purpose ~eneral Obligation
Bond dated September 1, 1967, and numbered .
CITY OF KENAI, ALASKA
By
Mayor
Attest:
Section 11. Said bonds shall be signed on behalf of the
city by its mayor, shall be attested by its clerk'and shall have the
official oeal of the city impressed thereon. Each of the interest-
coupon:: attached thci, e~o shall bo sJgr,ed with the facsimile signatures
of said officials.
Section 12. The bonds shall b~. sold a% public sale and
the city clerk i~: authorfzcd to adve;-tlse the bonds for sale tn such
manner as ls deemed necessary, tncludtnz one publica%lon in afl. nanc~]
~ourna] of national clrcul;,tlon, printed In the English lanzuai, e,
not les~ than ten days prior to the sale date. Upon the sale of the
bond:;, t},c pro),e~, offj(:l;,] n of the city are hr l',..I,y outhol'Jzed n);.] (I.~octerl
t,o execut, e the same and t.o do all thlnF, s necessary for the prompt
issuance, execution and d;~'itvery thereof and for the proper application
and use of the proceeds of such sale.
Section 13. An emergency is hereby declared to exist
affecting the public peace, health and safety, making it necessary
for this ordinance to become effective ~mmediately upon ~ts passage.
The rapid grog;th of the city makes necessary the construction of the
water, sewer and street ~mprovemer:ts provided fo'r herein as soon
as possible.
PASSED AND APPROVED by the Council of the City of Kenai,
Alaska, th~s .~__day of ~uly, 1967.
~ayor of h City-of ~, ~laSka
At,est: ~/
, Alaska
I, Fx'ances Torkllsen, the duly appointed, qualified and acting City
Clerk of the City. of ](enal, Alaska, DO HEREBY CERTIFY that the fog'e-
8otng is a t~e a~ co~ect e~ of O~di~anc~ No./~of said city,
pa,,ed a~ ,pproved on the ~,da, o~~ 1967, the or,g,~l
if ~hlch ts on file tn ~he ~e of !erk.
¢1t~ Cler~
!1