HomeMy WebLinkAboutRESOLUTION 1972-26~ r ~- _.~ ~--••-•~~ - ~ _ . • . _. ~~ ~. , r - ~ -~-~ `_ .. _ __ _ _ - ~__ - •r- ~~~ . -~~.-
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RESOI.UT I ON 7 2- 2 6
A RESOLUTION OF THE CITY OF KENAI,ALASKA APPROVING THE TRANSFER
OF CONTROLLING INTEREST IN KENAI UTILITY SERVIC~ CORPORATION.
BE IT RESOLVED BY THE CiTY COUNCIL OF THE CITY OF KENAI, ALASKA,
that pursuant to Appendix 3, City Ordinance 115, Section 13, which
requirsd Council approval for transferring of controlling interest
within the corporation, the City Council approves the transfer the
tran~fer as outlined in the letter of April 14, 1972 by Kenai
Utility Service Corporation and signed by Oscar L. Thomas, Vice
President. In approving this stock transfer, the City of Kenai
does not in any way jeopardize their options of purchase of the
utility in the future as outlined in Ordinance 115 and understand
there will be no operational management change by this approval.
Passed this l~ day of ~~_'~_~ . 1972.
ATTEST:
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aron ter ing, ty ~~er