Las Vegas City Ordinances, November 13, 1950 to August 6, 1958, lvc000015-575

Said special assessments made and levied to defray said cost, with accruing in­terest thereon, constitute a lien upon and against the property upon which such assess­ments were made and levied from and after the 7th day of March, 1958 the date upon which the assessment roll therefor was confirmed and approved by the Board of Commissioners of said City. It is hereby certified, recited and declared that a11 acts, conditions and things essential to the validity of the bond exist, have happened and have been done in due time, form and manner as required by law, and that the total issue of said improve­ment bonds of said City for said improvements and incidental expenses, including this bond, does not exceed the amount authorized by law nor the special assessments levied to cover the cost of said improvements, It is hereby further certified, recited and declared that the proceedings, with reference to making such improvements and levying the assessments to pay therefor, have been regu­larly had and taken in compliance with law, and that all prerequisites to the fixing of the assessment lien against the property benefited by the improvements and of the per­sonal liability of the owner or owners of such property therefor have been performed. This bond is subject to the condition, and every holder hereof by accepting the same agrees with the obligor and every subsequent holder hereof, that (a) the delivery of this bond to the transferee shall vest title in this bond and in the interest coupons attached hereto in such transferee to the same extent for all purposes as would the de­livery under like circumstances of any negotiable instrument payable to bearer; (b) the obligor and any agent of the obligor may treat the bearer of this bond as the absolute owner hereof for all purposes, and shall not be affected by any notice to the contrary; (c) the principal of and the interest on this bond shall be paid, and this bond and each of the coupons appertaining thereto are transferable, free from and without re­gard to any equities between the obligor and the original or any intermediate holder hereof, or any set-offs or cross claims; and (d) the surrender to the obligor or any agent of the obligor of this bond and each of the coupons shall be a good discharge to the obligor for the same. IN WITNESS WHEREOF, the City of Las Vegas, Nevada, has caused this bond to be signed by its Mayor, countersigned by its City Treasurer, and its corporate seal to be affixed hereto and attested and countersigned by its City Clerk, and the annexed cou­pons to bear the facsimile signatures of said officials, and this bond to be dated as of the first day of May, 1958. (Do not sign)___________________ Mayor Countersigned: _____(Do not sign) City Treasurer (SEAL) Attested and Countersigned (Do not sign) City Clerk (Coupon Form) (For Bonds 1 through 110, inclusive) ** 37.50 *** 15.00 **** 20.49 NO.____________ On the first day of May * (Unless the bond to which this coupon is at­tached has been called for prior redemption) the City of Las Vegas, County of Clark, State of Nevada, will pay the bearer hereof the sum of ** Thirty-seven and fifty one-hundredths dollars *** Fifteen dollars **** Twenty and forty-nine one-hundredths dollars in lawful money of the United States of America, out of a special fund designated the "As­sessment District No. 100-35 Street Improvement Bond Interest and Redemption Fund," or in the event said fund shall be insufficient therefor out of its general fund, at the of­fice of the City Treasurer of said City,being one year's interest on its Assessment District No. 100-35 Street Improvement Bond, Series of May 1, 1958," and bearing No.______________ (Facsimile signature)_____ Mayor (Facsimile signature)_____ City Treasurer (Facsimile signature)_____ City Clerk * (insert in all coupons (except No. l) maturing on and after one year from date on each bond) ** Insert as amount of coupon for bond in denomination of $1,000.00 *** Insert as amount of coupon for bond in denomination of 400.00 **** Insert as amount of coupon for bond in denomination of 546.31