Las Vegas City Commission Minutes, June 22, 1911 to February 7, 1922, lvc000001-66

same to the Board at its next regular meeting. the vote being cast as follows towit:- Stewart aye. Coughlin, aye, Me Govern aye, Von Tobel and his Honor the Mayor Peter Buol voting aye. Upon motion of Stewart and seconded by Von Tobel and duly carried the following resolution was unanimously adopted: Resolved: that the County Treasurer of Clark County be and he is hereby requested and directed to and transfer into the Treasury of the City of Las Vegas all moneys in his hands as County Treasurer derived from the general tax levy for City purposes in the year 1911 and not heretofore transferred over to the said City, the vote on said resolution was as follows: Commissioners Coughlin, aye, Stewart, aye McGovern aye, von Tobel, aye, and his Honor the Mayor Peter Buol, aye,. The question of adopting the final bond ordinance for the sewerage system of Las Vegas Nevada coming on before the Board Commissioner J.J. Coughlin presented the following ordinance and moved that the same be adopted: Ordinance providing for the issuance of bonds of the City of Las Vegas Nevada, in the amount of Forty thousand dollars ($40,000.00) for the purpose of constructing a sewerage system for said City, prescribing the form of said bonds and the interest coupons to be thereto attached and making provision for the levy of a tax to pay the interest as the installments thereof fall due and to pay the principal at maturity. Whereas, pursuant and in strict compliance with the provisions and authority of the constitution and laws of the State of Nevada, including the provisions of Chapter 132 of the laws of 1911 of the State of Nevada, being an Act of the Senate and Assembly of the State of Nevada, entitled. " An Act to incorporate the town of Las Vegas, in Clark County, and defining the boundaries thereof, and to authorize the establishing of a City Government therefor, and other matters relating thereto," approved March 16, 1911. the City of Las Vegas was authorized to issue its bonds for the purpose of constructing a sewerage system for said City; and Whereas, pursuant to each of the requirements of subsection 5 of section 31 of said Chapter 132 of the laws of 1911 of the State of Nevada, a s special election by the regular qualified electors of the City of Las Vegas was duly called and held to determine whether or not bonds of said City in the total sum of Forty thousand Dollars ($40,000) as hereinafter described, shall be issued, norice of which election having been first duly given strictly as therein provided, at which election more than a majority of the votes cast were in favor of the issuance of said bonds; and Whereas, said bonds have been duly advertised for sale and sold to the American Light and water Company of Chicago, Illinois at a price in excess of the par value thereof, they being the highest and best bidders for said bonds; and Whereas, all conditions precedent to the lawful issuance of said bonds have happened and been duly observed in all things strictly as required by law, therefore. the Board of City Commissioners of the City of Las Vegas do ordain: that for the purpose aforesaid there shall be and there are hereby ordered and directed to be issued the negotiable coupon bonds of said City in the aggregate amount of Forty Thousand dollars ($40.000). said bonds shall be designated "Las Vegas Sewerage Bonds" and shall be of the denominations of $1,000 each, numbered one to forty (1-40) inclusive, dated January 1, 1912. and mature and become payable as follows: Bonds numbered 1 to 4 inclusive shall become due and payable on or before ten years from the date thereof; bonds numbered 5 to 8 inclusive shall become due and payable on or before 11 years from the date thereof; bonds numbered 9to 12 inclusive shall become due and payable on or before 12 years from the date thereof; bonds numbered 13 to 16 inclusive to become due and payable on or before 13 years from the date thereof; bonds numbered 17 to 20 inclusive to become due and payable on or before 14 years from the date thereof; bonds numbered 21 to 24 inclusive to become due and payable on or before 15 years from the date thereof; bonds numbered 25 to 28 inclusive to become due and payable on or before 16 years from the date thereof: bonds numbered 29 to 32 inclusive to become due and payable on or before 17 years from the date thereof; bonds numbered 33to 36 inclusive to become due and payable on or before 18 years after the date thereof; bonds numbered 37 to 40 inclusive to become due and payable on or before 19 years from the date thereof. Each of said bonds shall have coupons attached representing each interest