Las Vegas City Commission Minutes, March 1, 1922 to May 10, 1929, lvc000002-209

of approximately two miles, the same being a Federal Aid Highway through said City of Las Vegas to connect with route 6 of the State Highway System of the State of Nevada, there shell be executed, issued and delivered to the First State Hank, the lawful purchaser of said bonds in the principal aggregate sum of Six Thousand ($6,000.00) Dollars, composed of six bonds numbered consecutively form (39) (44) thirty-nine to forty-four, both numbers inclusive, of the denomination of One Thousand ($1,000.00) Dollars each, dated January 1st, 1926, and absolutely due and payable in numerical order serially as follows: Bonds thirty-nine (39), forty (40) and forty-one (41) to become due and payable on or be­fore the 1st day of July 1944; bonds forty-two (42), forty-three (43) and forty-four (44) to be­come due and payable on or before the 1st day of July 1945; The payment and redemption of said bonds will be in the order of their issuance the low­est bond to be the first redeemed and so on until the whole amount of said bonds shall have been paid and redeemed. Each of said bonds shall have coupons attached each representing each interest installment to date of maturity of the principal. Both interest and principal of said bonds shall be payable in Gold Coin of the United States of America, at present standard at the office of the City Treas­urer of the City of Las Vegas, in the City of Las Vegas, County of Clark, State of Nevada. Interest on said bonds shall cease as the same mature. Section 2; And it is further resolved by the Board that the Six Thousand ($6,000.00) Dollar bond issue be, and the Clerk is hereby authorized to have printed, a coupon bond, and said bonds shall be in substantially the following form, respectively to-wit: (FORM OF BOND) UNITED STATES OF AMERICA STATE OF NEVADA COUNTY OF CLARK NO._______ __LAS VEGAS HIGHWAY BONDS $1,000.00 (1926 Series) KNOW ALL MEN BY THESE PRESENTS: That the City of Las Vegas, a municipal corporation duly organized and existing under the laws of the State of Nevada, acknowledges itself to be indebted and for value received hereby promisee to pay the bearer on the ____ day of_____________, 19_______ the principal sum of One Thousand Dollars, together with interest thereon from date hereof until paid, at the rate of six per centum (6%) per annum, payable semi-annually on the first day of July, and the 2nd day of January of each year, which interest to the date of the maturity of the prin­cipal is evidenced by and payable upon presentation and surrender of the annexed interest coupons as they severally become due. Interest on this bond shall cease on the date when the bond be­comes due and payable. Both principal and interest on this bond are payable in Cold Coin of the United States of America, at present standard, at the office of the City Treasurer, in the City of Las Vegas, County of Clark, State of Nevada, and for the prompt payment of the principal and interest of these bonds as they respectively become due, the full faith, credit and resources of said City are hereby irrevocably pledged. This bond is one of a series of like date, tenor and amount but different maturities, iss­ued for the purpose of constructing a highway through said City of Las Vegas to connect with Route 6 of the State Highway System, and pursuant to an election duly called and held at which more than a majority of the qualified electors voted in favor of the issuance of said bonds, and proceedings of the Board of City Commissioners duly passed and adopted, and is authorized by and issued in full conformity with requirements of the Constitution and laws of the State of Nevada, including Chapter 74 of the Session Laws of said State for the year 1923, and all acts of the Legislature amendatory thereof and supplemental thereto. It is further certified and recited that all acts, conditions and things required by the constitution and laws of the State of Nevada to exist, happen and to be performed precedent to