PROVIDING FOR THE SUBMISSION TO THE QUALIFIED ELECTORS OF THE CITY OF PALMER, ALASKA, THE QUESTION OF ACQUIRING AND CONSTRUCTING A PUBLIC IMPROVEMENT MANUFACTURING AND PROCESSING FACILITY WITHIN THE SAID CITY AND THE ISSUANCE OF FOUR HUNDRED FIFTY THOUSAND DOLLARS ($450,000.00) OF GENERAL OBLIGATION BONDS OF SAID CITY TO DEFRAY THE COST OF SAID PUBLIC IMPROVEMENT AT A SPECIAL ELECTION TO BE HELD IN AND FOR THE CITY OF PALMER ON THE 27TH DAY OF MAY, 1969