Las Vegas City Commission Minutes, January 7, 1947 to October 26, 1949, lvc000006-147

129 this day issued by Mayor Cragin, a Special Meeting of the Board of City Commissioners of the City of Las Vegas, Nevada, will be held on Friday, September 19, 1947 at the hour of 4:30 P.M. to consider the following business: 1. Emergency Ordinance - $125,000.00 Bond issue. Helen Scott Reed________________ Helen Scott Reed- City Clerk ACCEPTANCE OF SERVICE We, the undersigned, Mayor and Commissioners of the City of Las Vegas, Nevada do hereby admit due service of the foregoing Notice of Special Meeting. Pat Clark__________________ Reed Whipple__________________ Robert T. Moore___________ E. W. Cragin________________ ob Baskin_________________ ______________________________ Las Vegas, Nevada September 19, 1947 At a Special Meeting of the Board of Commissioners of the City of Las Vegas, Nevada, held in the City Hall of said City at 4:30 o'clock P.M. on Friday the 19th day of September, 1947, there were present: Mayor E. W. Cragin Commissioner R. T. Baskin Commissioner Rob't T. Moore Commissioner C. R. Clark Commissioner Reed Whipple Also Present: City Clerk Helen Scott Reed Absent: None The meeting was called to order by the Mayor. There upon the follow­ing proceedings, among others, were had and taken to-wit: Commissioner Clark introduced and moved the adoption of the following ordinance: EMERGENCY ORDINANCE NO. 338 AN ORDINANCE AUTHORIZING THE BOARD OF COMMISSIONERS OF THE CITY OF LAS VEGAS TO BORROW $125,000.00 ON THE CREDIT OF THE CITY AND PROVIDING FOR THE ISSUANCE AND SALE BY THE CITY OF ITS NEGOTIABLE COUPON BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF $125,000.00 TO BE DESIGNATED POLICE STATION BONDS, 1947, SERIES A, FOR THE PURPOSE OF FINANCING THE RETIREMENT OF AN EMERGENCY LOAN PREVIOUSLY AUTHORIZED BY SAID BOARD, ACCORDING TO LAW, FOR THE COMPLETION OF THE CONSTRUCTION OF THE POLICE STATION; PRESCRIBING THE FORM OF SAID BONDS AND PROVIDING FOR THE LEVY AND COLLECTION OF AN ANNUAL TAX TO PAY THE PRINCIPAL AND INTEREST ON SAID BONDS; DECLARING AN EMERGENCY BY REASON OF THE FACT THAT THE POLICE STATION NOW BEING CONSTRUCTED BY THE CITY CANNOT BE COMPLETED WITHOUT THE EXPENDITURE OF ADDITIONAL FUNDS; PROVIDING FOR THE PUBLIC SALE OF SAID BONDS AND PRESCRIBING THE FORM OF SALE NOTICE; AUTHORIZING THE EXECUTION OF SAID BONDS AND PRESCRIBING OTHER DETAILS IN CONNECTION THEREWITH. WHEREAS, by the result of an election held on Tuesday, the 8th day of May, 1945, the tax-paying electors of the City of Las Vegas author­ized the issuance of bonds in the amount of $140,000 for the purpose of constructing a police station and necessary facilities for the use of the City of Las Vegas, Nevada; and WHEREAS, by Ordinance No. 310 adopted and approved on November 7, 1945, the Board of Commissioners of the City of Las Vegas, Nevada, authorized the issuance of Police Station Bonds in the principal amount of $140,000 for the construction of a police station and facilities in the City of Las Vegas; and WHEREAS, in accordance with the authority so conferred, the Board of Commissioners has heretofore issued and sold said bonds in the amount of $140,000; and WHEREAS, due to the rising costs of building, and in order to expedite the construction and completion of the police station and jail facilities, the Board of Commissioners of the City of Las Vegas, Nevada, in accordance with the Laws of the State of Nevada, and the Charter of the City of Las Vegas, Nevada, has heretofore made a temporary emergency loan in the sum of $125,000, the proceeds of which were and are to be used for the completion of the construction of the police station and facilities for the use of the City of Las Vegas; and