Las Vegas City Commission Minutes, January 7, 1947 to October 26, 1949, lvc000006-162

144 NOTICE OF SALE OF Commissioner Clark moved that the City Clerk be instructed to have CITY OF LAS VEGAS, published in the Las Vegas Evening Review-Journal for five publications NEVADA, POLICE STA- on September 30, 1947. October 7, 14, 21 & 28 the following notice of TION BONDS, 1947, sale of City of Las Vegas, Nevada Police Station Bonds, 1947, Series Series A A, $125,000.00 October 1, 1947. NOTICE IS HEREBY GIVEN that the City of Las Vegas, Clark County Nevada will on the 29th day of October, 1947, at 3:30 o'clock P.M., at the City Office in Las Vegas, Nevada, offer for sale the following described general obligation bonds of said City: City of Las Vegas Police Station bonds, 1947, Series A, dated October 1, 1947, in the aggregate principal amount of $125,000.00, numbered from 1 to 125, both inclusive, in the denomination of $1,000.00 on October 1, 1948, and $6,000.00 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 upon the payment of the principal amount thereof and accrued interest to the redemption date, and all of said bonds bearing interest at a rate not to exceed three per centum per annum, payable semi-annually on the first days of April and October in each year, both principal and interest being payable at the office of the City Treasurer, Las Vegas, Nevada. Bidders are required to submit a bid specifying (a) the lowest rate of interest and premium, if any, above par at which the bidder will purchase said bonds; or (b) the lowest rate of interest at which the bidder will purchase said bonds at par. The bonds will be sold to the bidder making the best bid, subject to the right of the corporate authorities of the City of Las Vegas to reject any and all bids and re-advertise. None of said bonds shall be sold at less than par and accrued interest, nor will any discount or commission be allowed or paid on the sale of such bonds. All bids shall be sealed and, except the bid of the State of Nevada, shall be accompanied by a deposit of five per cent, either cash or certified check, of the amount of the bid, which will be returned if the bid is not accepted; and if the successful bidder shall fail or neglect to complete the purchase of said bonds within thirty days following the acceptance of his bid, the amount of his deposit shall be forfeited to the City of Las Vegas, and, in that event, the corporate authorities of said City may accept the bid of the one making the next best bid, or if all bids are rejected, such authorities may re-advertise such bonds for sale. If there be two or more equal bids and such bids are the best bids received, and are not less than par and accrued interest, the corporate authorities will determine which bid shall be accepted. The legality of the bonds will be approved by Messrs, Pershing, bosworth, Dick and Dawson, Attorneys at Law, Denver, Colorado, whose opinion, together with the printed bonds, will be furnished the purchaser without charge. Dated at Las Vegas, Nevada, this 29th day of September, A. D. 1947. E. W. CRAGIN Mayor (SEAL) Motion seconded by Commissioner Whipple and carried by the following vote: Commissioners baskin, Clark, Whipple and His Honor voting aye; noes, none. Absent: Commissioner Moore. TAVERN LICENSE Commissioner Baskin moved that the application of Louis R. Schway for the ESQUIRE BAR transfer of the license of the Esquire Bar to Brandhorst, Inc. be granted provided Mr. Brandhorst is a legal resident of the City of Las Vegas. Motion seconded by Commissioner Clark and carried by the following vote* Commissioner Baskin, Clark, Whipple and His Honor voting aye; noes, none. Absent: Commissioner Moore. There being no further business to come before the Board at this time, Commissioner Clark moved that this meeting adjourn until October the 7th at the hour of 2:00 P.M. Motion seconded by Commissioner Whipple and carried by the following vote: Commissioners Baskin, Clark, Whipple and His Honor voting aye; noes, none. Absent: Commissioner Moore. ATTEST: APPROVED: City Clerk Mayor Las Vegas, Nevada October 7, 1947 At a regular meeting of the Board of City Commissioners held this 7th day of October, 1947. Meeting called to order by His honor Mayor E. W. Cragin at the hour of 2:00 P.M. with the following members present: Commissioners Baskin, Clark, Moore & Whipple; City manager J. M. Murphy; and City Clerk helen Scott Reed. Absent: C: Norman Cornwall, City Attorney.