Las Vegas City Commission Minutes, January 7, 1947 to October 26, 1949, lvc000006-70

55 Dick & Dawson, Attorneys at Law, Denver, Colorado, will be furnished us without charge. We are prepared to take up and pay for said bonds in accordance with our bid and in accordance with your Notice of Sale whenever the completed bonds are ready for delivery. As evidence of our good faith in making this bid, we enclose our certified check payable to the City Treasurer, Las Vegas, Nevada, drawn on the American Trust Company, in the amount of Six Thousand ($6,000.00) Dollars. This check is to be retained by you as part payment for the bonds in the event we are the successful bidders. If not, we would appreciate your returning it to us promptly. Respectfully submitted, BLYTH & CO. INC. By R. W. Borden R. W. Borden Municipal Department RMB:IDM FIRST NATIONAL BANK OF NEVADA LAS VEGAS, NEVADA Las Vegas, Nevada April 25, 1947 Honorable Board of City Commissioners Las Vegas, Nevada Gentlemen: As per your Notice of Sale for $100,000 Las Vegas, Nevada, General Obligation Swimming Pool Bonds, Series A, dated April 1, 1947. in the denomination of $1,000 each, maturing serially in numerical order $5,000 on the first day of April, in each of the years 1948 to 1967, both inclusive, bonds numbered 26 to 100, both inclusive, maturing on the first day of April, 1953 to 1967, being subject to redemption in inverse numerical order at the option of the City on the first day of April, 1952, or on any interest payment date thereafter, for bonds bearing interest at the rate of 2 1/2% per annum, we will pay you upon delivery of the bonds to us at Las Vegas, Nevada, their par value, plus accrued interest from the date of the bonds to the date of their delivery to us, plus a premium of $500. The bonds are to be delivered to us as soon as legally possible, and if not delivered to us on or before June 25, 1947, acceptance of delivery thereafter shall be at our option only. This offer is made with the understanding that at the time of the delivery of the bonds you will supply us with the favorable approving opinion of Pershing, Bosworth, Dick and Dawson, bond attorneys, of Denver, Colorado, and is subject to our being furnished with this opinion. Attached is our Cashier's Check payable to the City of Las Vegas, Nevada, in the amount of $5,l00, being 5% or more of the amount of our bid, which check is to be held as an evidence of our good faith in this transaction, and applied as part payment on the bonds when they are delivered to us in accordance with the terms of our bid therefor. If our bid is rejected, or if the bond attorneys fail to issue their approving opinion as to the legality of the bonds, or if the bonds are not delivered to us on or before June 25, 1947, you agree upon demand by us, to promptly return our check to us. Respectfully submitted, FIRST NATIONAL BANK OF NEVADA Las Vegas Branch By H. Manente Manager The above and foregoing offer is hereby accepted for and on behalf of the City of Las Vegas, Nevada, by order of the Mayor and City Commissioners in legal session this day of 1947. (SEAL) MAYOR After careful consideration by the Board of City Commissioners of the various bids, Commissioner Clark introduced and moved the