Las Vegas City Commission Minutes, January 7, 1947 to October 26, 1949, lvc000006-178

158 This offer is made with the understanding that at the time of 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 $6,300.00 being five per cent 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 December 15, 1947, you agree upon demand by us, to promptly return our check to us. Respectfully submitted, FIRST NATIONAL BANK OF NEVADA 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) 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 l, l948 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 liquidated damages in the event we should fail to take up and pay 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____________ The above proposal for the purchase of $125,000 par value General Obligation Police Station bonds of the city of Las Vegas, Nevada, bearing 2 3/4% interest per annum is hereby accepted by the undersigned for and on behalf of the City of Las Vegas, Nevada, and we agree to deliver said bonds to Peters, Writer & Christensen, Inc. upon the terms and conditions set forth above. ATTEST: Helen Scott Reed E. W. Cragin Clerk Mayor (SEAL) After careful consideration by the board of City Commissioners of the various bids, Commissioner CLARK ___ introduced and moved the adoption of the following resolution: