Las Vegas City Commission Minutes, March 1, 1922 to May 10, 1929, lvc000002-93

August 24, 1933. Honorable Board of City Commissioners: Las Vegas, Nevada. Gentlemen: For $30,000 General Obligation City of Las Vegas, Nevada Highway Bonds (1923 Series), dated September 1, 1923, due serially $2,000 July 1st in each of the years 1925 to 1939 inclusive, interest payable semi­annually July 1st and January 2nd of each year, both principal and semi-annual interest payable as required by law; we will, upon delivery of the bonds to us in Denver, Colorado free of exchange or collection charges in legal form satisfactory to our attorneys, pay you at the rate of $983.85 for each $1,000 of bonds. We will also pay all accrued interest from date of bonds to date of delivery. We further agree to furnish such addi­tional legal procedure as necessary together with the blank bonds, without additional charge. Prior to the delivery of the bonds, it is understood that your Board of Commissioners will promptly take such steps and adopt such procedure as our attorneys might require to the end that the bonds are issues in legal form satisfactory to our attorneys, and delivered to us under the above terms without unnecessary delay. Herewith our certified check No. 29697 in the amount of $300, payable to the order of your City Clerk, as evidence of our good faith in the transaction under the above terms, the same to be held uncashed provided we are the successful bidders, and in such case to be eventually applied as part payment for the bonds when delivered to us in accordance with the above terms; otherwise, this check is to be promptly returned to us. This bid is for immediate acceptance. Respectfully submitted, Boettcher, Porter & Company By E.W. Willard Buying Department. August 27,1923. Board of City Commissioners of Las Vegas, Las Vegas, Nevada. Gentlemen: For your legally issued bond issue of $30,000.00 to be dated September 1,1923, and to become due and payable as follows: 2 bonds on the 1st day of July, 1925, and 2 bonds each year thereafter on the 1st day of July; bonds to bear 6% interest, principal and interest to be payable at the office of the Las Vegas City Treasurer, We hereby offer you $1011.80, plus accrued interest for each $1,000.00 bond. Enclosed herewith is a certified check for $300.00 as evidence of good faith , to be retained by Las Vegas City as liquidated damages, in case we do not take up and pay for these bonds on or before September 15, 1923, provided they are sold to us. It is understood that this bid is for immediate acceptance only, and in case it is rejected the check will be immediately returned to our representative. It is also understood that this bid is based upon the legality of the bonds to be issued, and it is further understood that in case there is a necessary delay in the approval of their legality by our attorneys, or incase of a delay in your furnishing us with the proper papers and transcripts requested, that there will be allowed to us the necessary extension of time after September 15,1923, for us to take up and pay for these bonds. Sincerely yours, BENWELL PHILLIPS & CO. By Lauren W. Gibb For bonds same as above except with 5 3/4% interest 994.52 for each 1000.00 bond.