Las Vegas City Ordinances, November 13, 1950 to August 6, 1958, lvc000015-425

December 1, 1960, or until maturity, whichever occurs earlier, at the rate of one per centum (1%) per annum, and bonds maturing in the years 1964 to 1975, both inclusive, bearing interest, evidenced by coupons designated "A,” from date until maturity at the rate of four and one-quarter per centum (4 - ¼%) Per annum, and bearing additional interest, evidenced by coupons designated "B" from January 1, 1956, until December 1, 1960, at the rate of three-quarters of one per centum (3/4%) per annum. If, upon presentation of any bond at maturity, payment is not made as herein provided, in­terest thereon shall continue at the "A" coupon rate herein above designated for such bond. Both principal and interest shall be payable in lawful money of the United States of America, at the office of the Treasurer of the City of Las Vegas, Nevada, or at the Harris Trust and Savings Bank, Chicago, Illinois, at the holder's option. The bonds of each said issue maturing on the 1st day of December, 1966, and thereafter, are sub­ject to prior redemption in inverse numerical order at the option of the City of Las Vegas on the 1st day of December, 1965, or on any interest payment date thereafter, for the principal amount thereof plus accrued interest to the redemption date and a premium of two per centum (2%) of the principal a- mount thereof. Notice of redemption shall be given by the City Treasurer in the name of the City of Las Vegas, by publication of such notice at least once, not less than thirty nor more than sixty days prior to the redemption date, in a newspaper of general circulation in the city of Las Vegas, and a copy of such notice shall be sent by registered mail, at least thirty days prior to the redemption date, to John Nuveen & Col, Chicago, Illinois, as representative of the original purchasers of said bonds so to be redeemed. Such notice shall specify the number or numbers of the bonds of each issue to be so re­deemed (if less than all are to be redeemed), and the date fixed for redemption, and shall further state that on such redemption date there will become and be due and payable upon each bond so to be redeemed, at the office of the Treasurer of the City of Las Vegas, Nevada, in Las Vegas, Nevada, the principal amount thereof with accrued interest to the redemption date and the stipulated premium, and that from and after such date interest will cease to accrue. Notice having been given in the manner hereinbefore provided, the bond or bonds so called for redemption shall became due and payable on the redemption date so designated, and upon presentation thereof at the office of the City Treasurer of the City of Las Vegas, Nevada, in Las Vegas, Nevada, together with all appurtenant coupons maturing, subse­quent to the redemption date, the City of Las Vegas will pay the bond or bonds so called for redemption. Section 5. That said bonds shall be signed by the Mayor of the City, countersigned by the City Treasurer, and attested and countersigned by the City Treasurer, and attested and countersigned by the City Clerk, with the seal of the City of Las Vegas affixed thereto. The coupons attached to said bonds shall bear the facsimile signatures of said Mayor, City Treasurer and City Clerk, which officers, by the execution of said bonds shall adopt as and for their signatures the facsimiles thereof appearing on said coupons. Said bonds and coupons bearing the signatures of the officers in office at the time of the signing thereof shall be the valid and binding obligations of the City of Las Vegas, notwith­standing that before the delivery thereof and payment therefor, any or all of the persons whose signa­tures appear thereon shall have ceased to fill their respective offices. Section 6. That said bonds and the coupons thereto attached shall be in substantially the fol­lowing form: UNITED STATES OF AMERICA STATE OF NEVADA COUNTY OF CLARK CITY OF LAS VEGAS *GENERAL OBLIGATION SEWER BOND *GENERAL OBLIGATION POLICE DETENTION BOND *GENERAL OBLIGATION FIRE EXTINGUISHING SYSTEM BOND *GENERAL OBLIGATION FIRE ALARM SYSTEM BOND SERIES DECEMBER 1, 1955 No.___________ $1,000.00 The City of Las Vegas, in the County of Clark and State of Nevada, for value received, hereby acknowledges itself indebted and promises to pay to the bearer. ONE THOUSAND DOLLARS on the first day of December , 19__, with interest hereon according to the coupons hereto attached, upon presentation and surrender of this bond and the attached coupons as they severally become due, both principal and interest being payable in lawful money of the United States of America, at the office of the City Treasurer, Las Vegas, Nevada, or, at the option of the holder hereof, at the Harris Trust & Savings Bank, Chicago, Illinois. If, upon presentation, payment of this bond is not made as herein provided, interest shall continue at the rate of per centum ( %) per annum until the principal thereof is paid in full. **(This bond is one of an issue subject to prior redemption in inverse numerical order, at the option of the City of Las Vegas on December 1, 1965, or on any interest payment date thereafter prior to maturity, for the principal amount thereof plus accrued interest to the redemption date and a premium of two per centum (2%) of the principal amount thereof. Redemption shall be made upon not less than thirty days' prior notice by publication in a newspaper of general circulation in the City of Las Vegas, in the manner and upon the conditions provided in the ordinance authorizing the issuance of this bond). This bond is issued by the City of Las Vegas on behalf of said City and upon the credit thereof, for the purpose of defraying, in part, the cost of improving ***the existing sanitary sewer system of said City, (or) the police detention facilities of said City, (or) the municipal fire extinguishing system of said City, under the authority of and in full conformity with the Charter of said City and the constitution and statutes of the State of Nevada. It is hereby certified and warranted that the issu­ance of this bond has been authorized by the electors of the City of Las Vegas, qualified to vote on the question, at a special municipal election, held in said City at the same time as the general city elec­tion on the 3rd day of May, 1955.