Las Vegas City Commission Minutes, March 1, 1922 to May 10, 1929, lvc000002-191

arisen in the City of Las Vegas, County of Clark, State of Nevada, and that necessity now exists for authorizing the obtaining of a temporary loan by for the purpose of meeting such emergency as expressed in and shown by the preamble and resolution unanimously adopted at a meeting of said Board of City Commissioners duly called and held on the 29th day of June, 1925, authorizing a temporary loan for the purpose set forth in said resolution, a duly certified copy of which is now on file and of record in the office of the State Board of Finance: and WHEREAS, It further appearing that notice of intention to adopt said emergency resolution was duly published according to law: therefore, be it RESOLVED, By the State Board of Finance, that said act and resolution of said Board of City Commissioners, Las Vegas, Nevada, State of Nevada, authorizing a temporary Iowan of fifteen Hundred Dollars as in said resolution set forth and authorized, be and the same is hereby approved; and be it further RESOLVED, That a duly certified copy of this resolution be transmitted by the Secretary of the State Board of Finance of said Board of City Commissioners, Las Vegas, Nevada, in order that the same may be recorded in the minutes of the meeting of said Board of City Commissioners, as provided by law. I, George M. Southward, certify that I am the duly authorized and acting Sec­retary of the State Board of Finance and that the foregoing is a full, true, and correct copy of a resolution duly adopted by unanimous vote of the State Board of Finance at a meeting held on the second day of July, 1925. Dated this second day of July, 1925. and WHEREAS, First State Board of Las Vegas, Nevada, Incorporated, has offered to loan said City the sum of Fifteen Hundred Dollars for a period of two and one half years, with interest from date of loan to maturity and until paid at the rate of six per cent per annum payable at maturity, LOW THEREFORE, BE IT RESOLVED, that the Mayor and City Clerk, in pursuance of said Resolution, adopted by this Board and approved by said State Board of Finance, as aforesaid, be and they are hereby authorized and directed to borrow for the purposes set forth in said Resolution the sum of Fifteen Hundred Dollars for a period of two years and one half from the date of such loan, and execute and deliver on behalf of said City of Las Vegas its promissory note in said sum of Fifteen Hundred Dollars, to be payable on or before two and one half years from the date thereof, and to bear interest at the rate of six per. cent per annum to be redeemable at the option of this Board at any time when money is available in the Emergency Tax Fund, to be known as the "City of Las Vegas, Nevada Emergency Tax", to be levied by this City at the first tax levy following the creation of such indebtedness as by law provided. Thereupon, on motion of Commissioner Mundy, seconded by Commissioner Smith, and duly carried the following Preambles and Resolution were duly adopted on the following vote: Commissioners Lundy, Smith and His Honor the Mayor, J. F. Hesse, Aye. .Noes, none. There being me further business to come before the Board at this time, it was ordered, upon motion of Commissioner Mundy, seconded by Commissioner Smith, that the Board adjourn until the next regular meeting to be held on the first day of October, 1925, at the hour of three o'clock P.M. The vote on said Resolution was as follows: Commissioners Mundy and Smith, and Bis Honor the Mayor, J.F. Hesse, voting aye. Noes, none,