Las Vegas City Commission Minutes, January 7, 1947 to October 26, 1949, lvc000006-71

56 adoption of the following resolution: RESOLUTION --------------------- WHEREAS, in response to official advertisement for bids on $100,000.00 Las Vegas, Nevada, Swimming Pool Bonds, Series A, it has been determined that the bid of Blyth & Co. Inc._________________________________ ——————————————————————————————————————————————— San Francisco, Cal. is the highest, best and most advantageous bid received for the purchase of said bonds, and that it is to the advantage of Las Vegas, Nevada, and the taxpayers thereof, that said bid be accepted. NOW, THEREFORE, be it resolved that the bid of Blyth & Co. Inc.______ of San Francisco, Cal._______ , be, and the same is hereby accepted, which bid is as follows, to bid is as follows, to wit: BLYTH & CO.. INC.. RUSS BUILDING SAN FRANCISCO, 4 Cable Address Blythco April 23rd 1947 Honorable E. W. Cragin, Mayor City of Las Vegas City Office Las Vegas, Nevada For all (but not less than all) of $100,000 par value legally issued general obligation bonds of the CITY OF LAS VEGAS, NEVADA, SWIMMING POOL BONDS, SERIES A, described in your official Notice of Sale dated March 24, 1947, which is incorporated herein by reference, we bid you par and accrued interest to date of delivery together with a premium of Seventy-six Dollars and Fifty Cents ($76.50) for: $25,000 par value of bonds, maturing $5,000 annually April 1, 1948 to 1952, inclusive, to bear interest at the rate of Three (3%) per centum per annum; and $75,000 par value of bonds maturing $5,000 annually April 1, 1953 to 1967, inclusive, to bear interest at the rate of Two and One-quarter (2 1/4%) per centum per annum. We understand that the unqualified approving opinion of Messrs. Pershing, Bosworth, Dick & Dawson, Attorneys at Law, Denver, Colorado, will be furnished us without charge. We are prepared to take up and pay for said bonds in accordance with our bid and in accordance with your Notice of Sale whenever the completed bonds are ready for delivery. As evidence of our good faith in making this bid, we enclose our certified check pay­able to the City Treasurer, Las Vegas, Nevada, drawn on the American Trust Company, in the amount of Six Thousand ($6,000.00) Dollars. This check is to be retained by you as part payment for these bonds in the event we are the successful bidders. If not, we would appreciate your returning it to us promptly. Respectfully submitted, BLYTH & CO, INC. By: R. W. Borden R. W. Borden Municipal Department NOW, THEREFORE, be it further resolved that there shall be issued and delivered to the purchasers, their agents or assigns, as soon as legally possible, upon receipt of the purchase price therefor, plus accrued interest from the date of the bonds to the date of their delivery, such amount of bonds as will provide funds sufficient to pay for the cost of acquiring and establishing two swimming pools and incidental fac­ilities; said bonds to bear interest as outlined in the bids of the successful bidder.