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DECLARING AN EMERGENCY. THE BOARD OF COMMISSIONERS OF THE CITY OF LAS VEGAS DO ORDAIN AS FOLLOWS: SECTION 1. Section l4 of Emergency Ordinance 541 is hereby amended to read as follows: Section l4. That said assessments shall be due and payable at the office of the County Treasurer of Clark County, Nevada, acting Ex-officio City Treasurer and Ex-officio Tax Collector of the City of Las Vegas, Nevada, within ten days after said special assessment roll is confirmed and approved, without interest and without demand; providing, that all such assessments, or ary part thereof, may, at the election of the owner, be paid in installments, with interest, as hereinafter provided. Failure to pay the whole assessment, or any part thereof, within said period of ten days shall be conclusively considered and held an election on the part of all persons interested, whether under disability or otherwise, to pay in such installments. In case of such election to pay in installments, the unpaid assessments shall be payable at the office of said Ex-officio City Treasurer in ten substantially equal annual installments of principal, the first of which installments of principal shall be due and payable on or before the 1st day of May, 1954, and the remainder of said installments shall be due and payable successively on or before the same day in each year thereafter until paid in full, with interest in all cases on the unpaid and deferred installments of principal from the 1st day of May, 1953, at the same rate of interest as that provided for in the special assessment bond to be hereafter authorized, sold, issued and delivered, but not to exceed seven per centum (7%) per annum, payable annually at the office of said Ex-officio City Treasurer, the first annual payment of interest being due and payable on the 1st day of May, 1954, and the remainder of said annual installments of interest being due and payable on the 1st day of May in each year thereafter. Failure to pay any installment, whether of principal or interest, when due, shall cause the whole of the unpaid principal to become due and payable immediately, and the whole amount of the unpaid principal and accrued interest shall thereafter bear penalty at the rate of ten per centum per annum, until the day of sale, but at any time prior to the day of the sale, the owner may pay the amount of all unpaid installment, with interest thereon at ten per centum per annum, and all penalties accrued, and shall thereupon be restored to the right thereafter to pay in installments in the same manner as if default had not been suffered. The owner of any property not in default as to any installment or payment, may, at any time, pay the whole of the unpaid principal with interest accruing thereon to the next interest paying date. Each assessment, together with interest thereon, shall be placed on the tax roll of Clark County on and against the several owners and premises, and the County Assessor of Clark County, acting Ex-officio Assessor of the City of Las Vegas, is hereby authorized and directed to enter the same on the tax roll of said County and to extend the same in a special column for special assessments on said tax roll, and the County Treasurer of said County, the Ex-officio City Treasurer and Ex-officio Tax Collector of the City of Las Vegas, is hereby authorized and directed to collect the same, all in the same manner and at the same time as other State and County taxes are collected. SECTION 2. That by reason of the fact that the streets of the City of Las Vegas are inadequate to meet the present and future needs of the City and its inhabitants and that it is necessary immediately to raise funds to improve said streets, therefore, it is hereby declared that an emergency exists, and that this ordinance is necessary for the immediate preservation of the public peace, health, and safety. SECTION 3. That the City Clerk and Clerk of the Board of Commissioners of the City of Las Vegas, shall cause this ordinance to be published once a week for two successive weeks immediately following its final reading and adoption, in the Las Vegas Sun, a daily newspaper published in said City, and this ordinance shall become effective immediately following the second publication hereof. PASSED, ADOPTED AND APPROVED this 27th day of April, 1953. /s/ C. D. Baker_________________________ Mayor (SEAL) ATTEST: s/ Shirley Ballinger-------- City Clerk Those voting for the adoption of the foregoing ordinance are as follows: Those voting "aye": Mayor C. D. Baker Commissioner Bunker Commissioner Jarrett Commissioner Peccole Commissioner Whipple Those voting "Nay": None Absent: None AFFIDAVIT OF PUBLICATION STATE OF NEVADA, ) COUNTY OF CLARK ) SS* Richard Lochrie, being first duly sworn, deposes and says: That he is Foreman of the Las Vegas Morning Sun, a daily newspaper of general circulation, printed and published at Las Vegas, in the County of Clark, State of Nevada, and that the attached was continuously published in said newspaper for a period of two weeks from April 30, 1953 to May 7, 1953 inclusive, being the issues of said newspaper for the following dates, to-wit: April 30, May 7, 1953. That said newspaper was regularly issued and circulated on each of the dates above named. s/ Richard Lochrie___________ Subscribed and sworn to before me this 19th day of May, 1953 s/ Barbara J. Greenspun My commission expires March 17, 1956. Notary Public in and for Clark County, Nevada