Las Vegas City Commission Minutes, January 7, 1947 to October 26, 1949, lvc000006-179

159 RESOLUTION WHEREAS, in response to official advertisement for bids on $125,000.00 Las Vegas, Nevada, Police Station Bonds, 1947, Series A, it has been deter­mined that the bid Of _______PETERS. WRITER & CHRISTENSEN. INC.. of DENVER, COLORADO , is the highest, best and most advantageous bid received for the purchase of said bonds, and that it is to the advantage of Las Vegas, Nevada, and the taxpayers thereof, that said bid be accepted. NOW, THEREFORE, be it resolved that the bid of PETERS, WRITER & _______CHRISTENSEN. INC_________________of _______DENVER, COLORADO___________, be, and the same is hereby accepted, which bid is as follows, to-wit: PETERS, WRITER & CHRISTENSEN, INC. Investment Securities 601-6 U. S. National Bank building Denver 2 October 29, 1947 Mr. E. W. Cragin, Mayor City of Las Vegas Nevada Dear Sir: For all, but not any part, of $125,000 General Obligation Police Station Bonds, designated Series A of the City of Las Vegas, Nevada, dated October 1, 1947, maturing serially October 1, 1948 to 1967, both inclusive, said bonds to bear interest at the rate of 2 3/4 per cent per annum, all other details to be in accordance with your official Notice of Sale, dated October 7, 1947, we will pay $125,346.25 and accrued interest to the date of delivery of the bonds to us. We Enclose certified check payable to the order of the City of Las Vegas, Nevada for $6,270, which check is to be applied as part payment should we pur­chase the bonds, or is to be retained by you as and for the bonds in accordance with the terms of this proposal; in the event we are not the successful bidders, it is to be returned promptly to us. This proposal is made with the understanding that the final unqualified approving opinion of Messrs. Pershing, Bosworth, Dick & Dawson, Attorneys-at- Law, Denver, Colorado, together with the printed bonds, will be furnished with­out charge to us at the time that we take delivery and make payment of said bonds, in accordance with the above terms. This proposal is for immediate acceptance. Very truly yours, PETERS, WRITER & CHRISTENSEN, INC. By Fred C. Ulrich___________ NOW, THEREFORE, be it further resolved that there shall be issued and delivered to the purchasers, their agents or assigns, as soon as legally possible, upon receipt of the purchase price therefor, plus ac­crued interest from the date of the bonds to the date of their delivery, such amount of bonds as will provide funds sufficient to finance the payment of an emergency loan for the completion of the construction of said police station; said bonds to bear interest as outlined in the bid of the successful bidder. The Board of city Commissioners of Las Vegas, Nevada, does hereby find and declare that the life of the improvements to be constructed out of the sale of $125,000.00 Las Vegas, Nevada, Police Station Bonds, 1947, Series A, shall and will be greater than twenty years; that all resolutions or parts thereof in conflict herewith are hereby repealed. This resolution shall become effective and be in force immediately upon its adoption. ADOPTED AND APPROVED this _29th day of October A.D., 1947. Attest: s/ E. W. Cragin Mayor s/ Helen Scott Reed________ City Clerk (SEAL) Commissioner Whipple_____________ seconded the adoption of the foregoing resolution, and the same on being put to a vote was unani­mously carried by the affirmative vote of all of the Commissioners pres­ent, the vote being as follows: