First Federal Savings & Loan Ass’n
Of Anchorage Still Has Kodiak Plans
First Federal Savings and Loan
Association of Anchorage still
wishes and intends to open a
branch office in Kodiak according
to that organization’s Chairman of
the Board John L. Rader.
In a letter to the Mirror Rader
stated, "You will recall that First
Federal Savings and Loan Associ
ation of Anchorage has made ap
plication for a branch office to be
located in Kodiak. Legal notices
were published for a hearing to be
held July 16th. There was no oppo
sition to our application for the
branch office and we, therefore,
have every reason to believe that
ultimate permission will be given
to us to come into your commun
ity.”
Continuing, Rader said: "The
purpose of this letter is to inform
you of a problem which exists in
connection with our adequately
serving Kodiak. It is perhaps an
over simplification of the federal
regulations, but generally speak
ing, the law, as it presently exists,
does not permit First Federal Sav
ings and Loan to loan more than
20 per cent of its assets in commer
cial property or any area more
than 50 miles from our home of
fice. As you perhaps know, First
Federal is already supplying some
long term, that is fifteen, twenty
and twenty-five year, home con
struction and refinancing money to
the Kenai, Seldovia, Homer, Palm
er. Wasilla and Matanuska Valley
areas. The result is that although
we have substantial available funds
at this time to make available to
the people of Kodiak, we cannot
do so because of the 20 per cent
of assets limitation. Although our
assets as of June 30th were in ex
cess of sixteen and one-half million
dollars, and we are growing stead
ily, the 20 per cent rule appears to
us to be seriously crippling our at
tempt to make long term mortgage
money available to the Kodiak
community.
“Because of the foregoing facts,
First Federal in Anchorage re
quested Sen. Bartlett to intorduce
S. 2186. Therefore, in a very real
sense. Kodiak and our desire to
serve it, is responsible for the pro
posed change. This act has broad
national implications and nation
ally will tend to make availible to
smaller communities funds which
are now available for the urban
areas.”
Rader advised that his firm ex
pected hearings to be held in
Washington, DjC. on Bartlett’s bill
which would amend the Home
Owners’ Loan Act of 1933 so as to
make possible the location of a
branch office of his firm in Kodiak.
Alaska Bar Exams
Deadline Nears
Examinations for admission to
practice law in Alaska will com
mence on the third Monday of Jan
uary, 1964. All applications for ad
mission must be filed, together
with the proper fees and support
ing documents, 90 days prior to the
examination date.
Any qualified applicant seeking
admission to the Alaska bar must
file his or her application with
Peter J. Kalamarides, Esquire, Ex
ecutive Secretary of the Alaska Bar
Association, on or before Oct. 22,
1963. Applications may be deliver
ed to Mr. Kalamarides at 424 Fifth
Ave., Anchorage, Alaska, or mailed
to the Alaska Bar Association, At
tention Peter J. Kalamarides, Ex
ecutive Secretary, P.O. Box 270,
Anchorage.
WHAT IS TOUR PLEASURE?
A New Dress? Toys?
A Novel Gift Item?
Party Favors?
Send description, size, picture color choices and amount you
wish to spend. Minimum charge for service $5.00—10 per cent
charge on orders $50.00 or more. References on request.
LOUISE TUCKER
PERSONAL SHOPPING SERVICE
1024 Maple Street Edmonds, Washington
SHUTS
MARINE REPAIR
SMALL BOAT HARBOR
Gas & Diesel Engine Repair
Gas & Diesel Engine Tune-up
General Machine Shop Work
Diesel Injector Service
LOU VEERMAN
AGENT
486-2656
SAILING FROM SEATTLE
MS TANANA
OCTOBER 17
Womens Bay, Kodiak,
Adak, Kodiak.
Band Uniforms
Assured By Gifts
The mothers of the High School
Band members wish to thank all
those who made possible the pur
chase of uniforms for the Kodiak
High School Band.
We especially wish to acknowl
edge the Millikens, Kodiak Hotel,
Montmartre Inn, Harvey Flying
Service, Holmes Johnson Clinic
and Senator and Mrs. A1 Owen for
their generous contributions.
The uniforms have been ordered
and it is hoped they will arrive
prior to the Christmas concert.
HOSPITAL REDECORATION
The maternity ward, women’s
ward and private room at the Me
morial Griffin Hospital has just
been newly decorated in pastel
shades. Also new drapes were do
nated by the Chiniak Wives Club.
They are awaiting material so
the Men’s wards can be redecor
ated.
(Mirror classifieds bring results)
1 Grain Fed
Local Beef
TAKING ORDERS NOW
Cutting & Wrapping
Wild Game
ALSO HAVE AGEING
AND HOLDING ROOM
Call 486-2997
after 5 P.M.
Elks Roll Call
Set For Oct. 25
The traditional Elks Lodge roll
night is announced for Friday,
Oct. 25. A large attendance is ex
pected, when members will re
spond to the calling of the roll.
Plans are going ahead for the an
nual charity event of the year, the
Purple Bubble Ball, which will
take place the following night, Sat
urday, Oct. 26, at the Elks Hall.
Dinner will be served from 6 to
9:30 p.m., followed by dancing
from 10 o’clock. A floor show is
planned. The event will be re
stricted to Elks, their ladies, Em
blem Club members and escorts.
Proceeds from the dinner-dance
will go to the Lodge’s charity.
New York Life Insurance Co.
Dave Fremming
Agent
Ph. 486-2826 Box 1605
THOKfso* m»sfE®
eric MCEU.E*. Pr*P
CLEAN NEAT.
Both Standard^Furt^e ^
and St^N^ i|. dean.
a <inMl to born c,c“
are «ip*r-reflned
c-"-*** " .
«o»«W ^
»« o,#c* 486-5118
486,230°
A new kind of Pontiac with
a new kind of Pontiac power
FOREGROUND; '$4 TEMPEST CUSTOM CONVERTIBLE BACKGROUND; '$4 TEMPEST 4-DOOR SEDAN
It's the '64 Wide-Track Pontiac Tempest with a new SIX
for savers and a V- 8 for swingers.
Tempest's new in-line 6 develops 140 horsepower from 215 cubic inches,
and it'll please everybody but the gas station man. And Tempest's optional-at
extra-cost 326-cubic inch V-8 puts out up to 280 horsepower for swingers.
SEE THE ONLY DEALER WHO SELLS THE WIDE-TRACK CARS—YOUR AUTHORIZED PONTIAC DEALER
DONNELLEY & ACHESON MOTOR COMPANY
Foot of Main Kodiak, Alaska