Las Vegas City Commission Minutes, February 17, 1954 to September 21, 1955, lvc000009-243

(COUPON FORM) (For Bonds 86 through 170, Inclusive) No. *_________________ On the first day of July, 1955, **(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 the sum of (a) Seven and Fifty One Hundredths Dollars (b) Thirty Seven and Fifty One Hundredths Dollars (c) One and Thirty One Hundredths Dollars (d) Six and Fifty One Hundredths Dollars in lawful money of the United States of America, out of a special fund designated the "Assessment District No. 100-25 Street Improvement Bond Interest and Redemption Fund," or in the event said fund shall be insufficient therefor out of its general fund, at the offices of the City Treasurer of said City, being one year's interest on its "Assessment District No. 100-25 Street Improvement Bond, Series of July 1, 1954," and bearing No. _______ (a) (b) (Insert as amount of "A" coupons for bonds in denomination of $200.00 and $1,000.00 respectively.) (c) (d) (Insert as amount o "B" coupons for bonds in denomination of $200.00 and $1,000.00 respectively.) * (Insert "A" or "B" as well as the number of the coupon.) ** (insert in all coupons ( except No. 1) maturing on and after one year from date on each bond.) SECTION 5. That when said bonds have been duly executed, the City Treasurer in the City of Las Vegas shall deliver them to the lawful purchaser thereof on receipt of the purchase price. The funds realized from the sale of the bonds shall be applied solely to defray the cost and expense of making said improvements, but the purchaser of said bonds shall in no manner be responsible for the application by said City, or any of its officers, of any of the funds derived from the sale thereof. SECTION 6. That the officers of the City of Las Vegas be, and they are hereby authorized and directed to take all action necessary or appropriate to effectuate the provisions of this ordinance, including, without limiting the generality of the aforegoing, the printing of said bonds and the execution of such certificates as may reasonably be required by the purchasers thereof, relating, inter alia, to the signing of the bonds, the tenure and identity of the municipal officials, the amounts certified on the assessment roll together with the amount of cash payments, the accuracy of property descriptions, the receipts of the assignable certificates and the delivery of the bonds, and the absence of litigation pending or threatened affecting the validity of the bonds. SECTION 7- That after said street improvement bonds are issued, this ordinance shall be and remain irrepealable until said bonds and the interest thereon shall be fully paid, certified and discharged, as herein provided. SECTION 8. That all ordinances or resolutions, or part thereof, in conflict with the provisions of this ordinance are hereby repealed. This repealer shall not be construed to revive any ordinance nor resolution, or part thereof, heretofore repealed. SECTION 9. That if any one or more sections, sentences, clauses, or parts of this ordinance shall, for any reason, be questioned or be held invalid, such judgment shall not affect, impair or invalidate the remaining provisions of this ordinance, but shall be confined in its operation to the specific sections, sentences, clauses or parts of this ordinance so held unconstitutional and invalid, and the inapplicability and invalidity of any section, sentence, clause or part of this ordinance, in any one or more instances shall not affect or prejudice in any way the applicability and validity of this ordinance in any other instances. SECTION 10. 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 11 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 Review Journal, a daily newspaper published in said City, and this ordinance shall became effective immediately following the second publication hereof. PASSED ADOPTED AND APPROVED this 9th day of July, 1954