Las Vegas City Commission Minutes, February 17, 1954 to September 21, 1955, lvc000009-480

WHEREAS, the Board of Commissioners of said City has determined, and does hereby determine, that it is necessary and for the best interest of the City of Las Vegas and the inhabitants thereof, that the Las Vegas Fire Department be enlarged and modernized by constructing and equipping new fire stations with suitable sites therefor, and to modernize and further equip the existing facilities where needed, and that a part of the cost thereof be defrayed by the issuance of General Obligation Fire Protection Bonds of the City of Las Vegas, in the amount of $400,000.00, or so much thereof as may be necessary; and WHEREAS, the Board of Commissioners of said City has determined, and does hereby determine that it is necessary and for the best interest of the City of Las Vegas and the inhabitants thereof to construct and install additional fire extinguishing equipment consisting of an automatic fire alarm system containing 200 fire alarm boxes complete with a headquarters building, the necessary controls and panels, and that a part of the cost thereof be defrayed by the issuance of General Obligation Fire Alarm Bonds of the City of Las Vegas in the amount of $200,000.00 or so much thereof as may be necessary; and WHEREAS, the Board of Commissioners has determined, and does hereby determine, that it is necessary and advisable to submit the question of issuing all or any part of said bonds to a vote of the regularly qualified electors of the City of Las Vegas in the manner provided by the statutes of the State of Nevada and the Charter of the City of Las Vegas, as amended; and WHEREAS, due to the necessity of immediately placing orders for material in order to insure the necessary acquisition and establishment of the facilities hereinabove described and the furnishing of the City and its inhabitants thereof with adequate public utility facilities, the Board of Commissioners has determined, and does hereby declare, that an emergency exists, requiring this ordinance to take effect from and after its passage and publication in accordance with law. NOW, THEREFORE, THE BOARD OF COMMISSIONERS OF THE CITY OF LAS VEGAS DO ORDAIN AS FOLLOWS: SECTION 1. That the City of Las Vegas acquire, construct, and establish at an estimated initial cost of $2,000,000.00, additional sanitary sewer trunk lines, an additional sanitary sewerage disposal plant, a sanitary sewerage effluent disposal system, and other appurtenances to the existing municipal sewerage system for serving and supplying with sewer facilities its inhabitants. SECTION 2. That the City proposes to incur a bonded indebtedness (subject to the approval of the regularly qualified electors of the City) to defray, in part, the cost of so acquiring, constructing and erecting additional sanitary sewer lines, an additional sanitary sewerage disposal plant, a sanitary sewer effluent disposal system and other appurtenances to the existing municipal sewerage system by the issuance of its negotiable coupon General Obligation Sewer Bonds in the aggregate principal amount of $2,000,000.00, or so much thereof as may be necessary, said bonds to be payable from an annual tax levy on all the taxable property in the City, sufficient in amount (subject to the limitations imposed by the Constitution and Laws of the State of Nevada) to meet the annual and semi-annual payments to principal and interest, and from such other sources, available therefor as the Board of Commissioners at its option determine, said bonds to mature serially in regular numerical order at annual intervals in substantially equal amounts of principal or substantially equal amounts of principal and interest, commencing not later than the year 1958 and ending not later than the year 1980, both inclusive, provided that bonds maturing in the years 1965 to 1980, both inclusive, shall be redeemable, at the option of the City, on any interest payment date on or after ten (10) years from the date of said bonds, and shall as nearly as practicable be issued for a period which shall be equivalent to the life of such improvements which is hereby determined to be at least twenty-five years from the date of said bonds. Said Bonds (if their issuance is approved by the regularly qualified electors) shall be sold publicly in accordance with the Statutes fo the State of Nevada in such case made and provided, and shall contain such provisions relative to call and otherwise as will adequately protect the City. SECTION 3. That the City of Las Vegas enlarge the capacity of and remodel the present Las Vegas Police Station by the construction of additional jail facilities and construct and establish a Las Vegas Police Prison Farm and building for the same at an estimated initial cost of $275,000.00 for serving and supplying its inhabitants with increased police protection. SECTION 4. That the City proposes to incur a bonded indebtedness (subject to the approval of the regularly qualified electors of the City) to defray, in part, the cost of so enlarging and modernizing the exist­ing Las Vegas Police Station and acquiring, constructing and establishing a prison farm and building by the issuance of its negotiable coupon General Obligation Police Protection Sewer Bonds in the aggregate principal amount of $275,000.00, or so much thereof as may be necessary, said bonds to be payable from an annual tax levy on all the taxable property in the City sufficient in amount (subject to the limitations imposed by the Consti­tution and Laws of the State of Nevada) to meet the annual and semi-annual payments of principal and interest, and from such other sources, available therefor as the Board of Commissioners at its option determine, said bonds to mature serially in regular numerical order at annual intervals in substantially equal amounts of principal or substantially equal amounts of principal and interest, commencing not later than the year 1958, and ending not later than the year 1980, both inclusive, provided that bonds maturing in the years 1965 to 1980, both inclusive, shall be redeemable, at the option of the City, on any interest paying date, on or after ten (10) years from the date of said bonds, and shall as nearly as practicable be issued for a period which shall be equivalent to the life of such improvements which is hereby determined to be at least 25 years from the date of said bonds. Said bonds (if their issuance is approved by the regularly qualified electoral shall be sold publicly in accordance with the statutes of the State of Nevada in such case made and provided, and shall contain such provisions relative to call and otherwise as will adequately protect the City. SECTION 5. That the City of Las Vegas acquire, construct, establish, and equip at an estimated initial cost of $400,000.00, additional buildings and fire extinguishing equipment therefor, together with suitable sites and grounds and equipment for serving and supplying with better fire protection its inhabitants. SECTION 6. That the City proposes to incur a bonded indebtedness (subject to the approval of the regularly qualified electors of the City) to defray, in part, the cost of so acquiring, constructing, estab­lishing, and equipping additional buildings and modernizing the present equipment of the existing municipal Fire Department, by the issuance of its negotiable coupons General Obligation Fire Protection Bonds in the aggregate principal amount of $400,000.00, or so much thereof as may be necessary, said bonds to be payable from an annual tax levy on all the taxable property in the City, sufficient in amount (subject to the limita­tions imposed by the Constitution and Laws of the State of Nevada) to meet the annual and semi-annual payments of principal and interest, and from such other sources, available therefor as the Board of Commissioners at its option determine, said bonds to mature serially in regular numerical order at annual intervals in substantially equal amounts of principal, or substantially equal amounts of principal and interest, commencing not later than the year 1958, and ending not later than the year 1980, both inclusive, provided that bonds maturing in the years 1965 to 1980, both inclusive, shall be redeemable, at the option of the City, on any interest paying 4-6-55