Las Vegas City Commission Minutes, November 7, 1949 to May 21, 1952, lvc000007-128

Also, in accordance with your Notice of Sale and as evidence of our good faith, we enclose herewith our Certified Check in the amount of Three Thousand Seven Hundred and Fifty Dollars ($3,750.00) payable to the City of Las Vegas, which; is to be held by you uncashed, and is to be returned to us in the event you are unable to award the bonds to us or deliver the bonds to us in accordance with the terms of our bid. If we are not awarded the bonds we ask that it be returned to us as soon as con­venient. This bid is made subject to the condition that you will furnish us without charge, a certified copy of the proceedings for the above mentioned issue, and that upon the basis of which we will be able to secure, at our expense, the unqualified opinion of Messrs. Pershing, Bosworth, Dick & Dawson, Attorneys of Denver, Colorado, approving the legality of such proceedings in every particular. Very truly yours, HANNAFORD & TALBOT JURAN & MOODY By s/ Belden S. Gardner For Hannaford & Talbot June 26, 1950 City Council City Hall Las Vegas, Nevada Gentlemen: Subject to correction and proving on the part of your City Auditor, we believe that the total interest cost to the City of the bid enclosed herewith is $17,063.90 or a net interest cost interest cost of 3.8033%. We are pleased to submit these figures to you for your help in determining the best bid. Yours very truly, HANNAFORD & TALBOT JURAN & MOODY By s/ Belden S. Gardner For Hannaford & Talbot Carson City, Nevada June 22, 1950 To the Honorable Council of the City of Las Vegas, Clark County, Nevada We, the undersigned, being members of the State Board of Finance, acting as the State Board of Investments, and being hereunto duly authorized by law, do hereby submit the hereinafter stated bid upon and for those certain bonds to be issued by the City of Las Vegas, known as "Las Vegas Meadows Addition Sanitary Sewer Improvement Bonds, Series of July 1, 1950", as more fully described in that certain Notice of Sale issued by the City Council and calling for bids thereon, to which said notice reference is hereby made for the particulars thereof. We hereby offer to purchase, as an investment of the Public Employees Retirement Fund, the entire issue of said bonds amounting to Seventy-One Thousand Six Hundred Sixty-One and 51/100 Dollars (71,661.51) with such purchase to be at par value with the rate of interest on said bonds to be at two and one half (2½%) percent per annum, payable as set forth in the aforesaid notice, together with accrued interest. The purchase of said bonds pursuant to this bid shall be subject to the approval of the Attorney General of Nevada as to the validity of said bonds. In witness whereof we have hereunto set our hands at Carson City, Ormsby County, Nevada, the date and year hereinabove first written. s/ Jerry Donavan s/ Dan M. Franks____________ s/ M. A. Diskin_____________ Members, State Board of Finance, acting as State Board of Investments ATTEST: s/Grant L. Robinson_____ Secretary, State Board of Finance