Las Vegas City Commission Minutes, November 7, 1949 to May 21, 1952, lvc000007-161

August 10, 1950 Gentlemen: According to your Notice of Sale, which is incorporated herein by reference, there will be sealed proposals received up to the hour of 3:00 P.M., Thursday, August 10, 1950 for the sale of Twenty-Five Thousand and Three Hundred and Ninety-One Dollars and Ninety-Six Cents ($25,391.96) Las Vegas West Charleston Boulevard Sanitary Sewer Improvement Bonds, Series of August 1, 1950, in the denomination of One Thousand ($1,000,00) Dollars and one bond in the denomination of Three Hundred and Ninety-One Dollars and Ninety-Six Cents ($391.96), with all bonds dated August 1, 1950. For all, but not less than all, of the legally issued bonds, as described above, we bid you the par value thereof, or 100% of face value, plus accrued interest to the date of delivery and a premium of Twenty-Seven ($27.00) Dollars, With bonds maturing August 1, 1951 through August 1, 1955, inclusive, to bear interest at the rate of Four (4%) Percent per annum and with bonds maturing August 1, 1956, through August 1, 1960, inclusive, to bear interest at the rate of Three and Three-Quarters (3 3/4%) Percent per annum. Also, in accordance with your Notice of Sale and as evidence of our good faith, we enclose herewith our Certified Check in the amount of Thirteen Hundred ($1,300,00) Dollars payable the City of Las Vegas, which is to be held by you uncashed, and is to be returned to us in the event you are unable to award the bonds to us or deliver the bonds to us in accordance with the terms of our bid. If we are not awarded the bonds we ask that it be returned to us as soon as convenient. This bid is made subject to the condition that you will furnish us, without charge, a certified copy of the proceedings for the above mentioned issue, and that upon the basis of which we will be able to secure, at our expense, the unqualified opinion of Messrs. Pershing, Bosworth, Dick & Dawson, Attorneys of Denver, Colorado, approving the legality of such proceedings in every particular. Very truly yours, HANNAFORD & TALBOT, San Francisco BOETTCHER & CO., Denver, Colorado JURAN & MOODY, St. Paul, Minnesota By s/ Beldon S. Gardner for Hannaford & Talbot Thereafter, Commissioner Whipple moved the foregoing bids be referred to the City Manager and Comptroller for tabulation and recommendation, Motion seconded by Commissioner Moore and carried by the following vote: Commissioners Bunker, Moore,, Peccole, Whipple and His Honor voting aye; noes, none. At this time City Attorney Howard W. Cannon arrived at the meeting. SERVICE & MATERIAL Commissioner Peccole moved Service & Material Warrant No. 1987 in the WARRANT total amount of $48,999.80, being the final payment on the Sewage Treatment Hoagland-Findlay Plant Construction to Hoagland-Findlay Engineering Co., less the claim in Sewage Treatment dispute of Stocks Mill and Supply Co. in the amount of $418.20, be approved and the Mayor and City Clerk authorized to sign same. Motion seconded by Commissioner Moore and carried by the following vote: Commissioners Bunker, Moore, Peccole, Whipple and His Honor votinggaye; noes, hone, SALE OF SPECIAL Commissioner Whipple moved that pursuant to the tabulation and recommendation ASSESSMENT BONDS of the City Manager and Comptroller the bids of Hannaford and Talbot (et al), hereinabove stated on Las Vegas Mayfair Addition No. 2 Street Improvement Bonds, Las Vegas South Main Street Lighting Bonds, Las Vegas Boulder Dam Homesites Addition Sanitary Sewer Bonds, and Las Vegas West Charleston Boulevard Sanitary Sewer Improvement Bonds, being the best bids received, be accepted. Motion seconded by Commissioner Peccole and carried by the following vote: Commissioners Bunker, Moore, Peccole, Whipple and His Honor voting aye; noes, none. Commissioner Whipple moved the First National Bank of Nevada be notified that their bids on the above named Improvement Bonds have been rejected conditioned upon the successful bidder complying with the terms of their bids; further that the Cashiers Checks submitted by said First National Bank of Nevada along with these bids be returned.