Las Vegas City Commission Minutes, November 20, 1957 to December 2, 1959, lvc000011-120

ASSESSMENT DISTRICT Commissioner Whipple introduced and moved the adoption of the following resolution NO. 100-35 which was thereupon read in full and at length, and is as follows: Resolution - Award of Bond Bid WHEREAS, due and legal notice has been given and published that the Board of Commissioners of the City of Las Vegas proposes to sell and invites proposals for the purchase of $104,146.31; of its Assessment District No. 100-35 Street Improvement Bonds, Series of May 1, 1958; and WHEREAS, said bids have been opened on the 16th day of April, 1958, in accordance with said notice; and WHEREAS, it appears that the bid of State of Nevada, State Board of Investments, and associates, is the highest and best bid for said bonds; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF LAS VEGAS, NEVADA: That the bid and offer of said State of Nevada, State Board of Investments, and its associates, whereby said bidders agreed to purchase said bonds, bearing interest at a rate of Three and Three-Quarters per centum ( 3-3/4%) per annum, forthe principal amount thereof, accrued interest to the date of delivery, is the highest and best bid submitted for said issue of bonds and the same should be, and hereby is accepted, and said bonds are awarded to the said State of Nevada, State Board of Investments and its associates. It was then moved by Commissioner Whipple and seconded by Commissioner Fountain that all rules of this Board which might prevent, unless suspended, the final passage and adoption of the foregoing resolution at this meeting be and the same are hereby suspended for the purpose of permitting the final, passage and adoption of said resolution at this meeting. The question being upon the adoption of said motion and the suspension of the rules, the roll was called with the following result: Commissioners Bunker, Fountain, Sharp, Whipple and His Honor voting aye; noes, none. All members of the Board of Commissioners having voted in favor of said motion, the Mayor declared said motion carried and the rules suspended. Commissioner Whipple then moved that said resolution be now placed upon its final passage and adopted. The motion was seconded by Commissioner Fountain. The question being upon the passage and adoption of said resolution, the roll was called with the following result: Commissioners Bunker, Fountain, Sharp, Whipple and His Honor voting aye; noes, none. The Mayor thereupon declared that all the Commissioners having voted in favor thereof, said motion was carried and the said resolution duly passed and adopted. ASSESSMENT DISTRICT Commissioner Bunker introduced and moved the adoption of the following emergency NO. 100-35 ordinance, which was thereupon read in full, and at length, and is as follows: Emergency Ordinance No. 764 adopted EMERGENCY ORDINANCE NO. 764 AN EMERGENCY ORDINANCE RATIFYING, APPROVING AND CONFIRMING ACTION DIRECTED TOWARD THE IMPROVEMENT OF A PORTION OF EAST CHARLESTON BOULEVARD IN THE CITY OF LAS VEGAS, THE CREATION OF STREET IMPROVEMENT ASSESSMENT DISTRICT NO. 100-35, AND THE ISSUANCE OF IMPROVEMENT BONDS; PROVIDING FOR THE ISSUANCE OF SAID BONDS; PRESCRIBING DETAILS IN CONNECTION THEREWITH AND OTHER MATTERS RELATING THERETO; AND DECLARING AN EMERGENCY. WHEREAS, THE Board of Commissioners of the City of Las Vegas, in the County of Clank and State of Nevada, on the 16th day of April, 1958, did publicly sell its City of Las Vegas Assessment District No. 100-35 Street Improvement Bonds, Series of May 1, 1958, in the aggregate principal amount of $104,146.31 in accordance with the laws of the State of Nevada, and City of Las Vegas; and Whereas, said Board desires to authorize and direct the issuance of said bonds. NOW, THEREFORE, THE BOARD OF COMMISSIONERS OF THE CITY OF LAS VEGAS DOES ORDAIN AS FOLLOWS: SECTION 1. That all action, proceedings, matters and things (not inconsistent with the provisions of this ordinance) heretofore taken, had and done by the City of Las Vegas and the officers of said City concerning the making of certain public improvements in Special Assessment District No. 100-35; and the levying of assessments and the issuance of its Special Assessment District No. 100-35; Street Improvement Bonds, Series of May 1, 1958; therefor, including, without limiting the generality of the foregoing, the filing of plats and diagrams with the City Clerk, the declaration by ordinance of the Board of Commissioners' determination to make such improvements, the matters stated in said ordinance, the giving of notice of said filing and of said improvements as proposed, the publication, mailing and posting of said notice, the creation of said district by ordinance, the confirmation, adoption, and approval of the assessment roll No. 36-1958 (Revised), and the public sale of said bonds/be and the same hereby is ratified, approved, and confirmed. ***to the State of Nevada by and through its State Board of Investments SECTION 2. That, for the purpose of defraying the entire cost and expense of making said improvements, except to the extent funds are available therefor from that part of said assessments which have been heretofore paid, there be issued in the name of the City of Las Vegas, Nevada, special assessment negotiable coupon bonds designated "Assessment District No. 100-35 Street Improvement 4-16-58