1965-16 Providing For Bond Election $750,000A Resolution of the KODIAK ISLAND BOROUGH ASSEMBLY provid-
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ing that at the regular Borough Election to be held on October 5, 1
4 1965, there be submitted to the duly qualified electors of the Bor-
5 ough, the proposition of incurring an indebtedness in an amourt not
6 to exceed SEVEN HUNDRED FIFTY THOUSAND and No /100ths ($750,000.00)
DOLLARS, plus interest at a rate not to exceed six percent (65)
per annum for the purpose of constructing an elementary school
building consisting of not less than twelve (12) classrooms, a
kindergarten room, office space and a multi - purpose room, together
with appurtenances and auxiliary space and site developement necess-
ary for a complete elementary school unit, and to pledge the full
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14 faith and credit of the KODIAK ISLAND BOROUGH to the payment of
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KODIAK ISLAND BOR)UGH
RESOLUTION NUMBER 65- /�FI
any indebtedness so incurred, and to issue general obligation bonds
in su,ch series and denominations as may be required, with interest
at a rate not to exceed six percent (6 %) per annum, payable semi-
annually, all as authorized b y the laws of the State of Alaska.
WHEREAS, the KODIAK ISLAND BOROUGH, STATE OF ALASKA, is
duly authorized to issue General Obligation Bonds with interest
a t a rate not to exceed six percent (6 %) per annumpayable semi-
annually by virtue of Sections 07.15.030 and 07.30.010, Alaska
Statutes, and
WHEREAS, the statutes of the State of Alaska provide that
the incurring of indebtedness shall be authorized pursuant to a
vote of not less than a majority of the qualified electors of the
Page One, RESOLUTION NUMBER 65- He
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KODIAK ISLAND BOROUGH voting at such election, whose names appear
on the last tax assessment roll or record of the Borough for purpos
es of Borough taxation at an election called for that purpose;
NOW, THEREFORE, BE IT RESOLVED by the BOROUGH ASSEMBLY
of the KODIAK ISLAND BOROUGH, STATE OF ALASKA:
Section One: That at the General Election to be held on
Tuesday, October 5, 1965, between the hours of eight a.m. and eight
p.m. of said day, there be submitted to the duly qualified electors
of the KODIAK ISLAND BOROUGH, whose names appear on the last tax
assessment roll or record for the purpose of taxation for said
KODIAK ISLAND BOROUGH prepared for the fiscal year of 1965 -66, the
following proposition, to -wit:
Shall the Kodiak Island Borough, State of Alaska, incur
indebtedness in a sum not exceeding $750,000.00 for
the purpose of constructing an elementary school
building consisting of not less than twelve (12)
classrooms, a kindergarten, office space and a
multi - purpose room, together with appurtenances and
auxiliary space and site development necessary for
a complete elementary school unit, and pledge the
full faith and credit of the Kodiak Island Borough
to the payment of any indebtedness so incurred,
and issue General Obligation Bonds with interest
at a rate not to exceed six percent (6 %) per annum,
payable semi- annually, all as authorized by the
Statutes of the State of Alaska and provided by
Resolution Number 65- ,of the Kodiak Island
Borough, passed and approved the 2nd day of September,
1965.
Section Two: The manner of conducting and holding said
election and detail thereof shall be in accordance with the require
ments of the state laws and KODIAK ISLAND BOROUGH ORDINANCE NUMBER
65 -4, and any Resolutions of the KODIAK ISLAND BOROUGH as to Bond
Elections where applicable or procedurally adaptable to Bond Elec-1
tions for the purpose of approving or rejecting the authorization
of indebtedness and proposed bond issue, except as hereinafter
specifically provided. Each ballot shall set forth the above
Page Two, RESOLUTION NUMBER 65- As
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proposition as set forth in Section One, followed by the words:
"Indebtedness - Yes
Indebtedness - No 2:7't
together with specified instructions as to the manner in whih the
b shall be rmrked.
Section Three: All voters of the Kodiak Island Borough
w hose names appear on the last assessment roll or record for taxa-
tion purposes in the Borough, the same being the tax rolls prepared
for the fiscal year 1965 -66, for the Kodiak Island Borough, who
wise
are other /qualified according to the laws of the State of Alaska
and resolutions of the Borough, shall be eligible to vote at said
election.
Section Four: The polls of said election shall be opened
during the time prescribed in Section One of this resolution and i
the polling places for said election shall be as follows:
Precinct No. Polling Place
1 City Hall, Benson Street,
Kodiak, Alaska
2 Alaska National Guard Armory,
Sixth Street, Kodiak,Alaskai
3 Alitak School, Alitak,Alaska
4 Karluk School, Karluk,Alaska
5 Larson Bay schoolhouse, Larson
Bay, Alaska
6 Old Harbor school, ad Harbor,
Alaska
7 Ouzinkie school, Ouzinkie,Ala k
8 Port Lions Community Center,
Port Lions, Alaska
9 Wakefields Cannery, Port Wake
field
Page Three, RESOLUTION NUMBER 65- Jia
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The boundaries of all precincts are as defined in the
ordinances and resolutions of the KODIAK ISLAND BOROUGH. All pollin
places will be open from eight o'clock a.m. until eight o'clock p.m'
on Tuesday, the 5th day of October, 1965.
Section Five: The Clerk of the KODIAK ISLAND BOROUGH shall
cause and issue to be published and posted a public notice of this
election in the manner following:
(A) a copy of the notice prescribed by this resolution
shall be published in the Kodiak Mirror, a newspaper of general
circulation, published in the Borough, for three (3) consecutive
weekly publications, which notice shall state the current total
bonded indebtedness, including authorized but unsold bonds of the
Borough, the cost of the debt service on the current indebtedness;
and the total assessed valuation within the Borough; (B) copies
of the notice shall be posted at each polling place designated in
Section four of this resolution and in addition thereto, copies
of the notice shall be posted at the front door of the U.S. Post
Office, at Kodiak, and at the City Hall in Kodiak and at the front
door of the main school at Kodiak and all said notices shall be
posted more than twenty (20) days prior to the date of said elect
ion and the first publication of said notice shall be more than
twenty (20) days prior to the date of said election.
Section Six: The KODIAK ISLAND BOROUGH Assessor shall
prepare and certify to the election officials a true and correct
list of all qualified electors whose names appear on the last tax
assessment role or record of the Borough for purposes of the Boro
taxation on real property, which roll or record was prepared the
fiscal year 1965 -66 for the KODIAK ISLAND BOROUGH.
Page Four,
RESOLUTION NUMBER 65-
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Section Seven: The notice of the Bond Election shall be
signed by the Clerk of the KODIAK ISLAND BOROUGH and shall be sub-
stantially in the following form:
NOTICE OF BOND ELECTION
At the regular election to be held in the KODIAK ISLAND
BOROUGH on Tuesday, the fifth day d October, 1965, the following
question will be submitted to the qualified electors of the KODIAK
ISLAND BOROUGH whose names appear on the last assessment roll or
record of the Borough for the purposes of Borough taxation on
real property.
Shall the KODIAK ISLAND BOROUGH, STATE OF ALASKA,
incur indebtedness in a sum not to exceed $750,000.00
for the purpose of constructing an elementary school
building consisting of not less than twelve (12)
classrooms, a kindergarten room, office space and
a muhi- purpose room together with appurtenances and
auxiliary space and site development necessary for
a complete elementary school unit, and pledge the
full faith and credit of the Kodiak Island Borough
to the payment of any indebtedness so incurred, and
issue general obligation bonds with interest at a
rate not to exceed six percent per annum,payable
semi- annually, all as authorized by the Statutes
of the State of Alaska and provided by Resolution
No. 65- of the Kodiak Island Borough,
passed and approved the second day of September, 1965.
The polling places will be open from eight o'clock a.m.
until eight o'clock p.m. of said day and located as
follows:
Precinct No. Polling Place
1 City Hall, Benson Street,
Kodiak, Alaska
2 Alaska National Guard Armo
6th Street, Kodiak,Alask
3 Alitak School, Alitak,Alas�Ce
4 Karluk school, Karluk,Alas
5 Larson Bay schoolhouse,
Larson Bay, Alaska
6 Old Harbor school, Old
Harbor, Alaska
7 Ouzinkie school, Ouzinkie,
Alaska
S Port Lions Community Cente
Port Lions, Alaska
9 Wakefields Cannery, Port
Wakefield, Alaska
Page Five, RESOLUTION NUMBER 65- 14
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The boundaries of all precincts are as defined inthe
ordinances and resolutions of the Kodiak Island Borough.
The current total bonded indebtedness, including authoris-
ed but unsold bonds of the Kodiak Island Borough as of this date
is $500,000.00.
The cost of the debt service on the current indebtedness ,
is $53,675.00 and
The total assessed valuation within the Kodiak Island
Borough is $28,799,250.00.
Only qualified voters whose names appear on the last tax
assessment roll or record of the Borough for purposes of Borough
taxation on real property may vote on the questinn ofincumng bond
ed indebtedness.
If a majority or more of the qualified voters voting at
said election vote in favor of the proposition hereinabove set
forth, the Borough Assembly of the Kodiak Island Borough pursuant
to the provisions of Section 07.15.030 and Section 07.30.010, will
issue General Obligation Bonds for the purposes heretofore stated
in amounts not to exceed $750,000.00, and in series and denominati
as may be required, secured by a pledge of the full faith and credi
of the Kodiak Island Borough and take such further action as may be
necessary . -
BY:
KODIAK ISLAND BOROUGH
WALLY SLENESS, CLERK
Section Eight: The judges and clerks of said election to
be hereafter appointed by resolution of the Borough Assembly shall!
canvass the votes cast at said election on the proposition above
stated and shall prepare and file their returns of said election
with the Borough Assembly, stating in words and figures the number°
of votes cast for and againstthe proposal voted upon and, if the
votes cast in the affirmative of said proposition be not less than
a majority of the votes cast at such election, certify that the
pro carried and if otherwise, then that the proposition
failed.
Page Six, RESOLUTION NUMBER 65-
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failed.
ATTEST:
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Section Nine: That if said proposition is certified
by the election officials as having received the required majority
of qualified votes for approval, and having been thereby regularly
carried, then the said BOROUGH ASSEMBLY of the KODIAK ISLAND BOROUG
upon canvass of the returns made, in their discretion, authorize
the issuance of General Obligation Bonds in amounts, the total of
which shall not exceed $750,000.00, plus interest, at a rate not
to exceed six percent (6 %) per annum, payable semi - annually, the
proceeds thereof shall be used by the Borough Assembly of the
KODIAK ISLAND BOROUGH for the purposes described in Section One
above, and shall be issued in such series and denominations as
the Borough Assembly may deem necessary f om time to time.
PASSED AND APPROVED this day of September, 1965.
Clerk
BY:
BYY:,
KODIAK ISLAND BOROUGH
Page Seven, RESOLUTION NUMBER 65- n
Presidng Officer
Chairman