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Las Vegas City Commission Minutes, March 1, 1922 to May 10, 1929, lvc000002-151

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lvc000002-151
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    (FOLLOWING TO APPEAR ON BACK OF BOND:) UNITED STATES OF AMERICA STATE OF NEVADA COUNTY OF CLARK NO.______ LAS VEGAS HIGHWAY BOND (SERIES 1925 ) $1000.00 PER (6%) CENT SEMI-ANNUALLY January 2nd and July 1st Section 3: That each of said bonds herein authorized shall be signed by the Mayor of the said Board of City Commissioners and by the Clerk of this Board and by her sealed with the corporate seal of said City, which seal shall be impressed thereon and to be countersigned by the Treasurer of said City, as above set forth, and said Officers are hereby authorized, ordered and directed to cause said bonds to be prepared substantially in the form respectively hereinabove set forth and to execute same for and on behalf of said City as in the manner aforesaid; that after their execution ,said bonds each of them shall be by the City Treasurer of said City delivered to the State of Nevada, the lawful purchaser, upon the payment of the aggregate purchase price, to-wit Four Thousand Two Hundred Twenty-Nine and 60/100 ($4,229.60) Dollars and accrued interest, and when said bonds shall have been delivered to said purchaser, legality of the indebtedness created by said bonds or the levying and collection of taxes for their payment, shall not be open to contest by any person or persons, corporation or corporations, or by said city for any reason whatever. Section 4. And it is hereby ordered and directed that any Interest falling due on said Highway Bonds on or before December 1, 1924, shall be and the same is hereby ordered appor­tioned and paid by the City Treasurer of said City from the General funds of said City or out of any funds belonging to said city not otherwise apportioned and for the purpose of providing ne­cessary funds to reimburse said General Fund or other fund or funds for the amount of any money borrowed from it, and also to pay the interest accrued on said bonds subsequent to January 1, 1925, promptly and after the same falls due and to constitute and maintain a fund to be designated " Las Vegas Highway Bonds (Series 1925) redemption and sinking fund", sufficient to pay the interest on said bonds promptly and as the same falls due and to discharge the the principal of said bonds promptly at their maturity, there shall be levied and collected Prepared and issued by BOARD OF CITY COMMISSIONERS, CITY OF LAS VEGAS COUNTY OF CLARK, STATE OF NEVADA.