Las Vegas City Commission Minutes, May 14, 1929 to February 11, 1937, lvc000003-101

same in the same manner as State and County taxes are collected by law," The City attorney stated that the transcript of the proceedings relative to said bond issue had been prepared and was about to be sent to the purchaser of said bonds, Snow Goodart & Company of Salt Lake City, Utah, for submission to their attorneys in accordance with the bid and contract therefor, and ask that the Board consider and adopt the form of bond presented by him to the Board, in the following form, to-wit-: (Form of Bond) No._____ $1,000.00 UNITED STATES OF AMERICA State of Nevada City of Las Vegas County of Clark. Las Vegas Special 1930 Pavement Improvement Bonds, Series C KNOW ALL MEN BY THESE PRESENTS: That the City of Las Vegas, a Municipal Corporation, existing under and by virtue of the Laws of the State of Nevada, for value received, acknowledges itself indebted to, and hereby binds itself and promises to pay to the bearer One Thousand Dollars ($1,000.00) in gold coin of the United States of America, at the office of the City Treasurer of said City, in the City of Las Vegas, Clark County, Nevada, on the ______day of_________________, 19____, with interest thereon from date hereof at the rate of seven per cent (7%) per annum until paid; said interest payable annually on the first day of January of each year here after during the term of this bond, upon the presentation and surrender of the proper coupons as they severally become due and payable both principal and interest payable in gold coin of the United States of America, at the office of the City Treasurer, in the City of Las Vegas, County of Clark, State of Nevada. This bond is one of a series of fifty bonds as follows: Forty (40) Bonds in the denom­ination of One Thousand Dollars ($1,000.00) each ,payable in ten (10) annual installments of four bonds each, commencing on the 1st day of January A.D., 1931, and ten bonds of the denomination of Nine Hundred Fifty-Nine and 51/100 Dollars ($959.51) payable in ten (10) annual installments commencing on the 1st day of January A.D., 1931. Four (4) bonds in the denomination of One Thousand Dollars ($1,000.00) each, together with the interest thereon, to be paid on the 1st day of January, A.D., 1931 and four (4) bonds of the denomination of One Thousand Dollars ($1,000.00) each together with the interest there­on to be paid on the 1st day of January of each year thereafter, and one (1) bond of the denom­ination of Nine Hundred Fifty-nine and 51/100 Dollars ($959.51), together with the interest there­on , to be paid on the first day of January, A.D. 1931, and one (1) of the denomination of Nine Hundred Fifty-nine and 51/100 Dollars ($959.51), together with the interest thereon, to be paid on the 1st day of January each year thereafter, and continuing until all of said bonds, together with the interest thereon are fully paid: authorized by virtue of the provisions of the authority contained in that certain Act of the Legislature of the State of Nevada, entitled, "An Act to authorize municipalities to issue bonds for the purpose of paying the cost of mun­icipal improvements for which special assessments are levied," approved March 13, 1909, as amend­ed by an Act of the Legislature of the State of Nevada, entitled, "An Act to amend Sections one and two of an Act entitled, 'An Act to authorize municipalities to issue bonds for the purpose of paying the cost of municipal improvements for which special assessments are levied,' approved March 13, 1909 and other matters relating thereto," approved March 13, 1913, an of City Ordin­ance No. 149 of the City of Las Vegas, approve December 5, 1929 and City Ordinance No. 151 of the City of Las Vegas, approved January 2, 1930, and City Ordinance No. 157, approved May 1, 1930, and of the proceedings of the Board of City Commissioners of the City of Las Vegas, State of Nevada, had and taken under and by virtue of the provisions of the said Acts of the Legis­lature of the State of Nevada, and of the City Charter of the City of Las Vegas, and said Ordinances. It is hereby certified that all of the acts, things an conditions required to be done precedent to and in the issuance of this bond have been done, happened and performed as re­quired by law, and in the event that the Fund created by special assessment as in said Ordinances Nos. 149, 151, and 157 of the City of Las Vegas contained, shall be insufficient to pay this bond in full, as the same becomes due, together with the interest thereon, the deficiency shall be paid by the City of Las Vegas out of its General Fund, and the City of Las Vegas thus binds itself. This bond shall be know as "Las Vegas Special 1930 Pavement Improvement Bond, Series C", and shall be exempt from taxation by the City of Las Vegas. IN WITNESS THEREOF, the City of Las Vegas, has by proper Resolution of its Board of City Commissioners caused its corporate seal to be hereunto affixed and this bond to be signed by its Mayor and the City Clerk and countersigned by its City Assessor and the coupons hereunto attached to be authenticated by the signature of the City Assessor, in the City of Las Vegas, County of Clark, State of Nevada, this 1st day of January, A.D., 1930. CITY OF LAS VEGAS By____________________________ Mayor of the City of Las Vegas. By______________________________ City Clerk of the City of Las Vegas. Countersigned: By_____________________________ City Assessor of the City of Las Vegas. (Form of Coupon) Coupon No.____________ $70.00 The City of Las Vegas will pay to bearer at the office of the City Treasurer of the City of Las Vegas, Nevada, on the _________day: of January 19________, Seventy and nO/lOO Dollars ($70.00) gold coin of the United States of America, interest due for one year on Las Vegas Special 1930 Pavement Improvement Bonds, Series C." F.C. Devinney City Assessor. Bond No._____________