Las Vegas City Commission Minutes, August 11, 1942 to December 30, 1946, lvc000005-387

for the following dates, to-wit: November 25, December 2, 9, 16, 1945. That said newspaper was regularly issued and circulated on each of the dates above named. That the legal charge for publishing said legal notice was $64.50. s/ Dick Lochrie Subscribed and sworn to before me this 28th day of December, 1945. s/ A. E. Cahlan Notary Public in and for Clark County, Nevada My Commission Expires January 12, 1947. His Honor, the Mayor, stated that this was the time and place designated in such notice of sale for the opening of bids for the purchase of such bonds, and the City Clerk was authorized and instructed to open and read said bids, which were as follows: December 28, 1945 Honorable Board of City Commissioners Las Vegas, Nevada: Gentlemen: As per your notice of sale for $140,000 Las Vegas, Nevada, general obligation Police Station Bonds, dated January 1, 1946, bearing interest at the rate of 1-1/2% per annum payable semi-annually January 1 and July 1 of each year at the office of the City Treasurer at Las Vegas, Nevada; maturing serially without option of prior payment $7,000.00 each year commencing January 1, 1947 to and including January 1, 1966, we will pay upon delivery of the bonds to us their par value, plus accrued interest from the date of the bonds to date of delivery to us, plus a premium of $1,000.00. You agree to deliver to us at the time we take up and pay for the bonds, the favorable approving opinion of Pershing, Bosworth, Dick and Dawson, bond attorneys of Denver, Colorado. If you desire, you may deliver these bonds to us at any time on or before July 1, 1946. Attached is our Cashier's Check payable to the City of Las Vegas, Nevada, in the amount of $7,150.00, being or more of the amount of our bid, which check is to be held as an evidence of our good faith in this transaction, and applied as part payment on the bonds when they are delivered to us in accordance with the terms of our bid therefor. If our bid is rejected, or if the bond attorneys fail to issue their approving opinion as to the legality of the bonds, you agree to promptly return our check to us. Respectfully submitted, FIRST NATIONAL BANK OF NEVADA Reno, Nevada By s/ C. Wengert__________ Vice President Mr. Cyril S. Wengert who was present as a representative of the First National Bank of Nevada also stated that if the City did not use the whole $140,000.00 that they would be willing to accept the amount necessary to build the said station. After careful consideration by the Board of City Commissioners of the bid, Commissioner Clark introduced and moved the adoption of the following resolution: RESOLUTION WHEREAS, in response to official advertising for bids on $140,000.00 Las Vegas, Nevada, Police Station Bonds, it has been determined that the bid of the First National Bank of Nevada of Reno, Nevada is the highest, best and most advantageous bid received for the purchase of said bonds, and that it is to the advantage of Las Vegas, Nevada, and the taxpayers thereof, that the formal acceptance of said bids be continued to the recessed regular meeting to beheld Wednesday, January 2, 1946 at the hour of 2 P.M. of said day.