Las Vegas City Commission Minutes, January 7, 1947 to October 26, 1949, lvc000006-177

157 JOHN NUVEEN & CO MUNICIPAL BONDS 135 South LaSalle Street Chicago 3 Telephone Central 9300 October 29, 1947 City of Las Vegas Clark County Nevada For $125,000 legally issued Police Station Bonds, 1947, Series A, of the city of Las Vegas, Nevada, delivered to us in ________dated October 1, 1947, denomination $1,000 interest payable semi-annually, both principal and interest payable at the office of the city Treasurer in Las Vegas, Nevada, and maturing and bearing interest as follows: $11,000 - October 1, 1948 6,000 - October 1, each year, 1949 to 1967, both inclusive redeemable as shown on the reverse side; at the rate of 3 per cent per annum; we will pay the par value thereof and accrued interest to date of delivery, plus a premium of $347.50. Prior to delivery of said bonds you agree to furnish a certified transcript of all proceedings requisite to their issuance and delivery, evidencing their legality and the security provisions relating thereto, to the satisfaction of Messrs. Pershing, Bosworth, Dick and Dawson, Denver, Colo., Bond Attorneys. We enclose bur certified check for $6,375.00 as evidence of our good faith in submitting this offer. Said check shall be held by you uncashed until delivery of the bonds, but shall be immediately returned to us if this offer is not accepted or if said Bond Attorneys are unable to approve the bonds, or upon demand in the event of a breach of this contract by you. In the event of a breach by us in the performance of this contract, said check may be cashed and the proceeds retained by you as full liquidated damages for any such breach, and the cashing of such check shall constitute a full release and discharge of all damages. It is mutually understood and agreed that your acceptance of this offer by resolution shall constitute a contract for the purchase and sale of the bonds herein described. Respectfully submitted, JOHN NUVEEN & CO. By Wm. Oostenbrug_________ W. Oostenbrug Accepted for and on behalf of ________________________________________________ by resolution legally adopted this________day of 19_______ and receipt of the above mentioned check acknowledged. Attest: Signature Signature Official Title Official Title (SEAL) FIRST NATIONAL BANK OF NEVADA Las Vegas Branch Las Vegas, Nevada October 29, 1947 ..Honorable Board of city Commissioners Las-Vegas Nevada Gentlemen: As per your Notice of Sale for $125,000 Las Vegas, Nevada, General Obligation Police Station Bonds, 1947, Series A, dated October 1, 1947, in the denomination of $1,000 each, maturing serially in numerical order $11,000 on October 1, 1948, and $6,000 on October 1st in each of the years 1949 to 1967, both inclusive; bonds numbered 36 to 125, both inclusive, maturing on the first day of October, in each of the years 1953 to 1967, both inclusive, being subject to redemption in inverse numerical order at the option of the city on the first day of October, 1952, or on any interest payment date thereafter, for bonds bearing interest at the rate of 3% per annum, we will pay you upon delivery of the bonds to us at Las Vegas, Nevada, their par value, plus accrued interest from the date of the bonds to the date of their delivery to us, plus a premium of $ none . The bonds are to be delivered to us as soon as legally possible, and if not delivered to us on or before December 15, 1947, acceptance of delivery thereafter shall be at our option only.