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Las Vegas City Commission Minutes, May 14, 1929 to February 11, 1937, lvc000003-152

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lvc000003-152
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    (Form of Bond) "No._______ UNITED STATES OF AMERICA $1000.00 STATE OF NEVADA COUNTY OF CLARK LAS VEGAS HIGHWAY BONDS (1931 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 be indebted and for value received hereby promises to pay to the bearer on or before the ___________ day of ___________, 19______, the principal sum of One Thousand Dollars, together with interest thereon from date until paid, at the rate of____________________(___%) per annum, payable semi-annually on or before the first day of July and the 2nd day of January of each year, which interest to the date of the maturity of the principal is evidenced by and payable upon presentation and surrender of the annexed interest coupons as they severally become due. The right is reserved to the maker of the series of bonds, of which this bond is one, at its option to pay all or any of said bonds from time to time outstanding and unpaid by the payment of the principal thereof and the interest thereon to date of redempt­ion and upon giving notice in accordance with the provisions of that certain resolution adopted by the -Board of Commissioners of the City of Las Vegas, Nevada, on the 5th day of March, 1931 as the same appears of record in Book Three pages 145, 146, and 147 Minutes of said Board in the custody of the City Clerk of said City. Interest on this bond shall cease on the date when the bond becomes due and payable or on date noticed for redemption or is paid, as aforesaid. Both principal and interest on this bond are payable in Gold Coin of the United States of America, at the present standard, 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, or are payable, the full faith, credit and resources of said City are hereby irrevocably pledged. This bond is one of a series of like date, tenor and amount but different maturities issued for the purpose of providing funds for the construction or reconstruction of a high­way with federal aid from the easterly limit of the intersection of Fremont Street and Fifth street in said City of Las Vegas, running thence along said Fremont street as laid out and extended in an easterly direction to the easterly boundary of said City of Las Vegas, and pursuant to a Resolution adopted by the Board of City Commissioners of said City of Las Vegas on the 5th day of March 1931, and proceedings of said Board of City Commissioners duly passed and adopted, and is authorized by and issued in full conformity with the re­quirements of the constitution and laws of the State of Nevada, including said above- mentioned Act, approved February 6th, 1931, 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 and laws of the State of Nevada to exist, happen and to be performed precedent to and in the issuance of these bonds, 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 limitation. IN WITNESS WHEREOF, said Board of City Commissioners of said City have caused this bond to be signed by the Mayor of said 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 the said Mayor and the City Treasurer, and this bond to be dated the 1st day of January, 1931. (Form of Coupon) No. __$___ On the first day of July (2nd day of January), 19________ The City of Las Vegas, in the County of Clark, State of Nevada, will pay to bearer_____________Dollars, in gold coin of the United States of America, at present standard, at the office of the City Treasurer, in the City of Las Vegas, Nevada, being the semi-annual interest then due on its Las Vegas Highway Bond, dated January 1, 1931, Series 1931. Interest on said bond shall cease on the date when said bond becomes due and payable or is paid if paid before maturity. Interest payable only to date of redemption. See Terms of bond.