Las Vegas City Commission Minutes, September 21, 1955 to November 20, 1957, lvc000010-247

(b) the obligor and any agent of the obligor may treat the bearer of this bond as the absolute owner hereof for all purposes, and shall not be affected by any notice to the contrary; (c) the principal of and the interest on this bond shall be paid, and this bond and each of the coupons appertaining thereto are transferable, free from and without regard to any equities between the obligor and the original or any intermediate holder hereof, or any set-offs or cross-claims; and (d) the surrender to the obligor or any agent of the obligor of this bond and each of the coupons shall be a good discharge to the obligor for the same. IN WITNESS WHEREOF, the City of Las Vegas, Nevada, has caused this bond to be signed by its Mayor, countersigned by its City Treasurer, and its corporate seal to be affixed hereto and attested and countersigned by its City Clerk, and the an­nexed coupons to bear the facsimile signatures of said officials, and this bond to be dated as of the first day of April, 1956. (Do not sign)__________________ Mayor Countersigned: (SEAL) (Do not sign)_________________ Attested and City Treasurer Countersigned: (Po not sign)_______ City Clerk (Coupon Form) (For Bonds 1 through 580, inclusive) * 31.70 ** 26.25 *** 37.50 NO.________ On the first day of April______****(Unless the bond to which this coupon is attached has been called for prior redemption) the City of Las Vegas, County of Clark, State of Nevada, will pay the bearer hereof the sum of * Thirty One and Seventy One Hundredths Dollars ** Twenty-Six and Twenty-Five oNe Hundredths Dollars *** Thirty-Seven and Fifty ONe Hundredths Dollars in lawful money of the United States of America, out of a special fund designated the "Assessment District No. 100-36 Street Improvement Bond Interest and Redemption Fund", or in the event such fund shall be insufficient therefor out of its general fund, at the office of the City Treasurer of said City, being one year's interest on its Assessment District No. 100-36 Street Improvement Bond, Series of April 1, 1956"; and bearing No.__________ (Facsimile signature) Mayor (Facsimile signature) City Treasurer (Facsimile signature) City Clerk) * (insert as amount of coupon for bond in denomination of $845.23) (insert as amount of coupon for bond in denomination of $700.00) **** (insert as amount of coupon for bond in denomination of $1000.00) ****(Insert in all coupons (Except No. 1) maturing on and after one year from date on each bond.) SECTION 5. That when said bonds have been duly executed, 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 defray the cost and expense of making said improvements, 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. SECTION 6. That the officers of the City of Las Vegas be, and they here­by are, authorized and directed to take all action necessary or appropriate to ef­fectuate the provisions of this ordinance, including, without limiting the generality of the foregoing, the printing of said bonds and the execution of such certificates as may reasonably be required by the purchasers thereof, relating, inter alia, to the signing of the bonds, the tenure and identity of the municipal officials, the amounts certified on the assessment roll together with the amount of cash payments, the accuracy of property descriptions, the receipt of the assignable certificates and the delivery of the bonds, and the absence of litigation pending or threatened affecting the validity of the bonds. SECTION 7. That after said street improvement bonds are issued, this ordinance shall be and remain irrepealable until said bonds and the interest thereon shall be fully paid, certified and discharged, as herein provided. SECTION 8. That all ordinances or resolutions, or parts thereof, in con­flict with the provisions of this ordinance, are hereby repealed. This repealer shall not be construed to revive any ordinance, nor resolution, or part thereof, here­tofore repealed. SECTION 9. That if any one or more sections, sentences, clauses or parts of this ordinance shall, for any reason, be questioned or be held invalid, 4-11-56