Las Vegas City Commission Minutes, September 21, 1955 to November 20, 1957, lvc000010-88

Section 5. That said bonds shall be signed by the Mayor of the City, countersigned by the City Treasurer, and attested and counter­signed by the City Clerk, with the seal of the City of Las Vegas af­fixed thereto. The coupons attached to said bonds shall bear the facsimile signatures of said Mayor, City Treasurer and City Clerk, which officers, by the execution of said bonds shall adopt as and for their signatures the facsimiles thereof appearing on said coupons. Said bonds and coupons bearing the signatures of the officers in of­fice at the time of the signing thereof shall be the valid and binding obligations of the City of Las Vegas, notwithstanding that before the delivery thereof and payment therefor, any or all of the persons whose signatures appear thereon shall have ceased to fill their respective offices. Section 6. That said bonds and the coupons thereto attached shall be in substantially the following form: UNITED STATES OF AMERICA STATE OF NEVADA COUNTY OF CLARK CITY OF LAS VEGAS *GENERAL OBLIGATION SEWER BOND *GENERAL OBLIGATION POLICE DETENTION BOND *GENERAL OBLIGATION FIRE EXTINGUISHING SYSTEM BOND *GENERAL OBLIGATION FIRE ALARM SYSTEM BOND SERIES DECEMBER 1, 1955 No.___________ _______________________________________$The City of Las Vegas, in the County of Clark and State of Nevada, for value received, hereby acknowledges itself indebted and promises to pay to the bearer ONE THOUSAND DOLLARD on the first day of December, 19 , with interest hereon according to the coupons hereto attached, upon presentation and surrender of this bond and the attached coupons as they severally become due, both principal and in­terest being payable in lawful money of the United States of America, at the office of the City Treasurer, Las Vegas, Nevada, or, at the option of the holder hereof, at the Harris Trust & Savings Bank, Chicago, Illinois. If, upon presentation, payment of this bond is not made as herein provided, interest shall continue at the rate of ________per centum (____%) per annum until the principal thereof is paid in full. **(This bond is one of an issue subject to prior redemption in in­verse numerical order, at the option of the City of Las Vegas on December 1, 1965, or on any interest payment date thereafter prior to maturity, for the principal amount thereof plus accrued interest to the redemption date and a premium of two per centum (2%) of the principal amount thereof. Redemption shall be made upon not less that thirty days' prior notice by publication in a newspaper of general circulation in the City of Las Vegas, in the manner and upon the conditions provided in the ordinance authorizing the issuance of this bond.) This bond is issued by the City of Las Vegas on behalf of said City, and upon the credit thereof, for the purpose of defraying, in part, the cost of improving ***the existing sanitary sewer system of said City, (or) the police detention facilities of said City, (or) the municipal fire extinguishing system of said City, under the authority of and in full conformity with the Charter of said City and the constitution and statutes of the State of Nevada. It is hereby certified and warranted that the issuance of this bond has been authorized by the electors of the City of Las Vegas, qualified to vote on the question, at a special municipal elec­tion, held in said City at the same time as the general city election on the 3rd day of May, 1955. It is hereby certified and recited that all the requirements of law have been fully complied with by the proper officers of said City in the issuance of this bond; that the total indebtedness of said City, in­debtedness evidenced by this bond, does not exceed any limit of indebted­ness prescribed by the constitution or laws of the State of Nevada or the charter of the City of Las Vegas; and that provision has been made for the levy and collection of annual taxes sufficient to pay the interest on and the principal of this bond when the same become due. The full faith and credit of the City of Las Vegas are hereby pledged for the punctual payment of the principal of an the interest oh this bond. IN TESTIMONY WHEREOF, the City of Las Vegas, Nevada, has caused this bond to be signed by its Mayor, countersigned by its Treasurer, sealed with its corporate seal, and attested and countersigned by its City Clerk, and has caused the annexed interest coupons to be executed with the facsimile signatures of its Mayor, City Treasurer, and City Clerk, as of the first day of December, 1955. _____(Do Not Sign)_______________ Mayor Countersigned: (Do Not Sign)___________ (SEAL) City Treasurer Attested and Countersigned: (Do Not Sign)______ City Clerk *(Insert proper designation of bond.) **(To be inserted in all bonds maturing on and after December 1, 1966. ) ***(Insert the appropriate purpose for each bond issue in the bonds of that issue. ) 12-9-55