Public Law 75–337

That the first sentence of section 2 of Public Law Numbered 626, Seventy-fourth

49 Stat. 1388.

Congress, the same being an Act entitled “An Act to authorize municipal corporations in the Territory of Alaska to incur bonded indebtedness, and for other purposes”, approved May 28, 1936, is amended to read as follows:

Submission and approval, provisions modified.

“No bonded indebtedness shall be incurred by any municipal corporation in the Territory of Alaska unless the proposal to incur such indebtedness be first submitted to the qualified electors of such municipal corporation whose names appear on the last tax-assessment roll or record of such municipality for purposes of municipal taxation, at an election called for such purpose, and not less than 65 per centum of the votes cast at such election shall be in favor thereof.”