Las Vegas City Commission Minutes, January 7, 1947 to October 26, 1949, lvc000006-493

461 The City of Las Vegas, in the County of Clark and State of Nevada, for value received, hereby acknowledges itself indebted and promises to pay to bearer the sum of ONE THOUSAND DOLLARS on the first day of July, A.D., 19 , with interest thereon at the rate of three per centum per annum payable semi-annually on the first days of January and July in each year upon presentation and surrender of this bond and the attached coupons as they severally become due, both principal and interest being payable in lawful money of the United States of America at the office of the City Treasurer of the City of Las Vegas in Las Vegas, Nevada. *(This bond is subject to redemption at the option of the City of Las Vegas on the first day of July, 1954, or on any interest payment date thereafter at a price equal to the principal amount thereof with accrued interest to the redemption date. Redemption shall be made upon not less than thirty days prior notice by publication in a newspaper of general circulation in the City of Las Vegas in the manner and upon the conditions provided in the ordinance authorizing the issuance of this bond). This bond is one of a series of bonds of like tenor issued by the City of Las Vegas for the purpose of financing the purchase, extension and improvement of a sewer system for the use of the City of Las Vegas and its inhabitants, and for defraying the cost thereof under the authority of the Charter of said City, the laws of the State of Nevada and an ordinance duly enacted pursuant thereto by the Board of Commissioners of the City of Las Vegas, Nevada. It is hereby certified and warranted that the issuance of this bond has been authorized by the electors of the City of Las Vegas qualified to vote on the question at a special bond election held in said City on the 6th day of May, 1947. It is hereby certified that all acts and things required to be done and all conditions and things required to exist precedent to and in the issuance of this bond to render the same lawful and valid have happened, been done and performed and do exist in regular and due form in every manner as required by law, and that the total indebtedness of the City of Las Vegas, including the indebtedness evidenced by this bond, does not exceed the statutory or constitutional limitations under the constitution and laws of the State of Nevada and the Charter of the City of Las Vegas, and it is further certified and recited that provision has been made for the levy and collection of an annual tax sufficient to pay the interest on this bond and to discharge the principal thereof when and as the same severally become due. The full faith and credit of the City of Las Vegas are hereby pledged for the punctual payment of the principal, and the interest upon this bond. IN WITNESS WHEREOF, the City of Las Vegas has caused this bond to be signed by its Mayor, countersigned by its City Treasurer, and attested and countersigned by its City Clerk, under the seal of the City of Las Vegas, all as of the First day of July, 1949. Mayor (SEAL) Countersigned: Attested and ____________________________ Countersigned: City Treasurer city Clerk *(To be inserted in bonds numbered 8l to 350, both inclusive, maturing on and after July 1, 1955). (Form of Coupon) No. ____ $15.00 January, On the first days of July, A.D., 19__, *(unless the bond to which this coupon is attached has been called for prior redemption), the City of Las Vegas, in the County of Clark and State of Nevada, will pay to bearer the sum of FIFTEEN AND N0/100 DOLLARS at the office of the City Treasurer in Las Vegas, Nevada, in lawful money of the United States of America, being six months' interest on its Sewer Bond, Series July 1, 1949, No. ____. (Facsimile Signature)________ Mayor (Facsimile Signature) City Treasurer (Facsimile Signature)________ City clerk *(To be inserted in coupons maturing January 1, 1955 and thereafter, attached to bonds numbered 8l to 350, both inclusive). Section 5. That when said bonds have been duly executed and sold, the City Treasurer in the City of Las Vegas shall deliver them to the lawful purchaser thereof on receipt of the purchase price. The funds realized from the sale of the bonds shall be applied solely to finance the purchase, extension and improvement of a sewer system in the City of Las Vegas, but the purchaser of said bonds shall in no manner be responsible for the application by said City, or any of its officers, of any of the funds derived from the sale thereof.