Las Vegas City Commission Minutes, November 7, 1949 to May 21, 1952, lvc000007-294

WHEREAS, said. City heretofore provided that the failure to pay the whole of any assessment, or any part thereof, within said period of one week should be conclusively con­sidered and election on the part of all persons interested to pay said assessment in ten substantially equal annual installments of principal, the first of which installments of principal shall be due and payable on or. before the 1st day of December, 1951, and annually thereafter on the same day in each year until paid, at the same rate of interest as that provided for the special assess­ment bonds to be thereafter authorized, sold, issued and delivered, but not to exceed seven per centum (7%) per annum; and WHEREAS, said City and the officers thereof have determined, and do hereby determine, that it is necessary and for the best interests of said City and the inhabitants thereof that it issue its Assessment District No, 100-4 Street Improvement Bonds, Series of January 1, 1951, in an aggregate principal amount equal to the aggregate principal amount of said unpaid assessments, to-wit, $14,271.73, to defray said entire cost and expense of making said improvements, except to the extent funds are available therefor from the assessments which have been heretofore paid; and WHEREAS, said City and the officers thereof desire to sell said bonds after public ad­vertisement therefor, pursuant to the laws of the State of Nevada and the City of Las Vegas. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF LAS VEGAS, NEVADA: That the special assessment, negotiable coupon, Assessment District No. 100-4 Street Improvement Bonds, Series of January 1, 1951, of the City of Las Vegas, in the aggregate princi­pal amount of $14,271.73 shall be sold at public sale to the person or persons offering the best and most advantageous terms to said City. The Mayor and the City Clerk be and they are hereby authorized and directed to give notice offering said bonds for sale and calling for bids for the purchase of said bonds by publishing a notice once a week for four consecutive weeks by five in­sertions at weekly intervals in the Las Vegas Evening Review-Journal, the official newspaper of the City of Las Vegas, and by mailing a copy of such notice at least three weeks prior to the date fixed for the sale of said bonds to the State Board of Finance, Carson City, Nevada, which said notice shall be in substantially the following form: It was then moved by Commissioner Moore and seconded by Commissioner Bunker that all rules of this Board which might prevent, unless suspended, the final passage and adoption of the foregoing resolution at this meeting be and the same are hereby sus­pended for the purpose of permitting the final passage and adoption of said resolu­tion at this meeting. The question being upon the adoption of said motion and the suspension of the rules, the roll was called with the following result: Those voting aye: Commissioner Bunker Commissioner Moore Commissioner Peccole Mayor Pro Tem Whipple Those voting nay: None Absent: Mayor Cragin All members of the Board of Commissioners having voted in favor of said motion the Mayor Pro Tem declared said motion carried and the rules suspended. Commissioner Moore then moved that, said resolution be now place upon its final passage and adopted. The question being upon the' passage and adoption of said resolution, the roll was called with the following result: Those voting aye: Commissioner Bunker Commissioner Moore Commissioner Peccole Mayor Pro Tem Whipple Those voting nay: None Absent: Mayor Cragin Mayor Pro Tem thereupon declared that all the Commissioners present having voted