Las Vegas City Commission Minutes, May 26, 1952 to February 17, 1954, lvc000008-149

142a EMERGENCY ORDINANCE NO. 499 AN EMERGENCY ORDINANCE RATIFYING, APPROVING AND CONFIRMING ACTION DIRECTED TOWARD THE IMPROVEMENT OF CERTAIN STREETS AND PARTS THEREOF, THE CREATION OF STREET IMPROVEMENT ASSESSMENT DISTRICT NO. 100-16, AND THE ISSUANCE OF IMPROVEMENT BONDS: PROVIDING FOR THe ISSUANCE OF SAID BONDS: PRESCRIBING DETAILS IN CONNECTION THEREWITH AND OTHER MATTeRS RELATING THERETO: AND DECLARING AN EMERGENCY. WHEREAS, the Board of Commissioners of the City of Las Vegas, in the County of Clark and State of Nevada, on the 6th day of August, 1952, did publicly sell its City of Las Vegas Assessment District No. 100-16, Street Improvement Bonds, Series of July 1, 1952, in the aggregate principal amount of $335,608.26, in accordance with the laws of the State of Nevada, and City of Las Vegas; and ... WHEREAS, said Board desires to authorize and direct the issuance of said Bonds. NOW, THEREFORE, THE BOARD OF COMMISSIONERS OF THE CITY OF LAS VEGAS DOeS ORDAIN AS FOLLOWS: SECTION 1. That all action, proceedings, matters and things (not inconsistent with the provisions of this ordinance) heretofore taken, had and done by the City of Las Vegas and the officers of said City concerning the improvement of certain streets, and parts thereof, in Street Improvement Assessment District No. 100-16 in said City, the creation of said District within and for said City, the levying and perfecting of special Assessments to meet the cost and expense thereof, and the issuance of its City of Las Vegas Assessment District No. 100-16, Street Improvement Bonds, Series of July, 1, 1952, for that purpose, be, and the same is hereby, ratified, approved and confrimed, including, without limiting the gen­erality of the foregoing, the confirmation, adoption and approval of the assessment roll for said District, and the Public Sale of said bonds to the First National Bank of Nevada. SECTION 2. That, for the purpose of defraying the entire cost and expense of making said improvements, except to the extent funds are available therefor from that part of said assessments which have been heretofore paid, there be issued in the name of the City of Las Vegas, Nevada, special Assessment negotiable Coupon Bonds designated "Assessment District No. 100-16 Street Improvement Bonds, Series of July 1, 1952," in the aggregate principal amount of $335,608.26, con­sisting of 340 bonds numbered consecutively from 1 to 3 4 0 , both inclusive, which bonds shall bear date as of the 1st day of July, 1952, shall be in the denominations of $1,000.00 and $600.00 each, except bonds numbered one which shall be in the de­nomination of $208.26, bearing interest at the rate of Four and Forty-one hundreths per centum (4 .4 0 %) per annum until paid in full, payable annually on the 1st day of July in each year, as evidenced by interest coupons attached to said bonds. Said bonds shall be numbered, shall be in the denomination of, and shall mature serially in regular numerical order on the first day of July in each of the years indicated as follows; B0ND NUMBERS BOND AMOUNT MATURITY ALL-INCLUSIVE) DENOMINATION MATURING DATE 1 $208.26 7-1-53 2-34 1,000.00 $33,208.26 7-1-53 35 600.00 7-1-54 36-68 1,000.00 33,600.00 7-1-54 69 600.00 7-1-55 70-102 1,000.00 33,600.00 7-1-55 103 600.00 7-1-56 104-136 1,000.00 33,600.00 7-1-56 137 600.00 7-1-57 138-170 1,000.00 33,600.00 7-1-57 171 600.00 7-1-58 172-204 1,000.00 33,600.00 7-1-58 205 600.00 7-1-59 206-238 1,000.00 33,600.00 7-1-59 239 600.00 7-1-60 240-272 1,000.00 33,600.00 7-1-60 273 600.00 7-1-61 274-306 1,000.00 33,600.00 7-1-61 307 600.00 7-1-62 308-340 1,000.00 33,600.00 7-1-62 Said bonds and the interest thereon shall be payable in lawful money of the United States of America at the office of the City Treasurer of the City of Las Vegas, at Las Vegas, Nevada. Said bonds shall be fully negotiable and shall have all the qualities of negotiable taper, subject to the payment provisions stated herein, and