'General Rousseau, by authority from his Majesty the Emperor of Russia, I transfer to the United States the Territory of Alaska.' -- Captain Pestchouroff
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Alaska Day is the Alaskan state holiday commemorating the anniversary of the formal transfer of the Territory of Alaska from Russia to the United States, which took place on Friday, October 18, 1867. It is closely related to the Alaskan state holiday Seward's Day, which commemorates the signing of the Alaska Purchase treaty on March 30, 1867.
The design of Alaska's state flag was created by Benny Benson, a 13-year old Alaska Native from Seward (appropriately enough). His design beat out more than 700 other entries in a contest in 1927, and it was adopted as the official flag for the Territory of Alaska on May 2, 1927. It remained the state flag upon statehood in 1959.
This is Benny's description that he submitted with his design entry: "The blue field is for the Alaska sky and the forget-me-not, an Alaskan flower. The North Star is for the future state of Alaska, the most northerly in the union. The Dipper is for the Great Bear—symbolizing strength."
I kind of hope that you're scratching your head, because I didn't mean this to be too easy. On the other hand, I don't want it to be impossibly hard, either. This is how you will find the decimal portion of the final coordinates:
N = α+β+γ+ε+η. From that number, subtract 43.
W= ε+ζ. From that number, subtract 42.
Update 11/3/2015: Once again, inconsistencies rear their ugly heads. When searching for information, search what's said in this description, not what else you might be thinking in your head.