Las Vegas City Commission Minutes, March 1, 1922 to May 10, 1929, lvc000002-205

Bonds thirty-nine (39), Forty, (40) and forty-one (41) to become due and payable on or before first day of July 1944; Bonds forty-two (42), forty-three (43) and forty-four (44) to become due and payable on or before the first day of July 1945. The payment and redemption of said bonds shall be in the order of their issuance the lowest bond being first paid and redeemed, and so on until the whole amount of said bonds shall have been and redeemed. Each of said bonds shall have coupons attached representing each interest installment to date of maturity of the principal. Both principal and interest of said bonds shall be payable in gold coin of the United States of America, at present standard of weight and fineness, at the office of the City Treasurer of the City of Las Vegas in the City of Las Vegas, County of Clark State of Nevada. Interest on said bonds shall cease as the same mature. IT IS FURTHER RESOLVED that said bonds and coupons with the necessary variations shall be sub­stantially the following form, respectively, to-wit: (FORM OF BOND) UNITED STATE OF AMERICA "NO._____________ STATE OF NEVADA $1000.00 COUNTY OF CLARK LAS VEGAS HIGHWAY BONDS. (1926 Series) KNOW ALL MEN BY THESE PRESENTS: That the City of Las Vegas, a Municipal corporation duly organized and existing under the laws of the State of Nevada, acknowledges itself to he indebted and for value received hereby promises to pay the bearer on the ________day of __________19 , the principal sum of One Thousand Dollars, together with interest thereon from date there of until paid, at the rate of six per cent (6%) per annum, payable semi-annually on the first day of July and the 2nd day of January of each year, which interest to the date of maturity of the principal is evidenced by and payable upon presentation and surrender of the annexed interest coupons as they severally become due. Interest on this bond shall cease on the date the bond becomes due end pay­able. Both principal and interest on this bond are payable in Gold Coin of the United States of America, at present standard of weight and fineness, at the office of the City Treasurer in the City of Las Vegas, County of Clark, State of Nevada, and for the prompt payment of the principal and in­terest of these bonds as they respectively become due, and fully faith, credit and resources of said City are hereby irrevocable pledged. This bond is one of a series of like date, tenor and amount but different, maturities issued for the purpose of constructing a highway through said City of Las Vegas to connect with Route 6 of the State Highway System, and pursuant to an election duly called and held at which more than a majority of the qualified electors voted in favor of the issuance of said bonds, and proceedings of the Board of City Commissioners duly passed and adopted, and is authorized by and issued in fully conformity with the requirements of the Constitution and laws of the State of Nevada, including Chapter 74 of the Session laws of said State for the year 1923, and all acts of the Legislature amendatory thereof and supplemental thereto. It is further certified and recited that all acts, conditions and things required by the Con­stitution of laws of the State of Nevada to exist, happen and to be performed precedent to and in the issuance of this bond have existed, happened and have been performed in regular and due form, time and manner as required by law, and that the amount of this bond together with all other indebtedness of said City does not exceed any constitutional or statutory limitations. IN WITNESS THEREOF, said Board of City Commissioners of said City have caused this bond to be Signed by the Mayor of the City, countersigned by the City Treasurer and authenticated by the seal of said City, and the interest coupons hereto annexed to be authenticated with the lithographed facsimile signatures of said Mayor and the City Treasurer, and this bond to be dated the 1st day