Aleutian Homes
Buyers Have At
Least Year’s Wait
Prospective buyers of Aleutian
Homes project houses have “slight
ly in excess of one year” to wait,
according to a statement released
by M. G. Gebhart through Resident
Manager Ed Franklin.
Following is the complete state
ment issued by Gebhart:
“Mr. M. G. Gebhart, receiver for
Aleutian Homes, Inc., has contact
ed the United States Attorney’s
office in Anchorage which office
is handling the litigation surround
ing Aleutian Homes, Inc., and the
United States Attorney’s office has
reported that the foreclosure pro
ceedings are not completed.
“The litigation is highly com
plex with a number of corollary
law suits filed which have delayed
the issuance of a foreclosure deed.
After the foreclosure, under the
law there will be a statutory pe
riod of one year during which time
Aleutian Homes, Inc., the private
corporation has the right to redeem
the property providing of course
that they make full payment of the
mortgage contract which amounts
to $4,200,000 plus delinquent in
terest and court costs.
“Therefore it appears highly un
likely that any homes can be sold
to tenants or otherwise for a period
of slightly in excess of one year
from now notwithstanding the re
cent statements made by the FHA
director Elmer E. Gagnon.”
Legal Notice
THE SUPERIOR COURT FOR
THE STATE OF ALASKA
THIRD JUDICIAL DISTRICT
In the Matter of the Estate of
JOHN R. SPEARNS, Deceased
ORDER APPOINTING TIME FOR
HEARING FINAL ACCOUNT
AND REPORT
No. 62-421
Jack R. Spearns, Administrator
of the Estate of John R. Spearns,
deceased, having this day filed in
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this Court and matter his Final
Account and Petition for Final
Distribution and Discharge pray
ing that a date be appointed for
the Hearing thereof, it is,
HEREBY ORDERED that Tues
day, the 14th day of January, 1964
at the hour of 10:00 o’clock in the
forenoon of said date, by and the
same is hereby appointed and des
ignated as the time in the office
of Robert K. Yandell, Probate
Master, Room 313, 941-4th Avenue
in Anchorage, Alaska as the place
for hearing objections to said Final
Account and Report, when and
where all persons interested in said
estate may hear and object to said
Account, and when and where said
Account will be heard and settled;
and at said Hearing the Courts
will determine what persons are
to take the Estate under the laws
of succession of the State of Alas
ka;
It is ORDERED that the Notice
of such Hearing shall be given Dy
publication of such Notice of the
time and pflace thereof, once in
the Kodiak Mirror, a newspaper of
general circulation published week
ly on Fridays at Kodiak, Alaska,
and by posting copies of the same
in three public places, namely; the
lobby of the U.S. Post Office; the
bulletin board of the National
Bank of Alaska and the bulletin
board of the District Magistrate at
Kodiak, Alaska, thirty (30) days
prior to the date set for said Hear
ing and that proof of such publica
tion and posting be filed herein.
Done in Open Court this 9th day
of December, 1963.
Robert K. Yandell
Master for the
Superior Court
Fublish December 13, 1963
me«rv . -
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9
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