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WHEREAS, pursuant to each of the requirements of said Act, and particularly with the requirements of Secs. 2, 3, 4 and 5 of said Chapter 74 of the laws of 1923 of the State of Nevada, the question of the issuance of highway bonds of the City of Las Vegas to the amount of Fifty Thousand Dollars ($50,000.00) was submitted to the qualified electors of the City of Las Vegas in the County of Clark, State of Nevada, at a general city election held in said City of Las Vegas on the 8th day of May, 1923, of which election Notice having first been duly given strictly as provided by law, and at which election more than a majority of the votes cast were in favor of the issuance of said bonds, and the result of the vote upon said question of the issuance of said bonds having been duly certified to this Board by the election boards conducting said election, and the result of the vote on said question of the issuance of said bonds having been by this Board at a meeting duly and regularly held on the 16th day of May, 1923, declared in the manner and form and at the same time as other returns of said general city election were canvassed and proclaimed; and WHEREAS, it appears to this Board that the qualified electors of said City of Las Vegas have authorized the issuance of highway bonds of the City of Las Vegas in the amount of Fifty Thousand Dollars ($50,000.00), and WHEREAS, it appears to this Board that the issuance of not to exceed Fifty Thousand Dollars of said highway bonds has been authorized by said act of the legislature of the State of Nevada, and such issuance ratified by the vote of qualified electors of the City of Las Vegas at a general city election held as aforesaid; and WHEREAS, the Board of Commissioners of the City of Las Vegas deems it advisable for the best interests of the City of Las Vegas that it offer for sale at this time Las Vegas Highway bonds in the sum of Four Thousand Dollars ($4,000.00) of said authorized issue of Fifty Thousand Dollars ($50,000.00) of said bonds, and that same be sold at private sale, NOW, THEREFORE, BE IT RESOLVED that pursuant to and incompliance with the provisions and authority of said above mentioned Act, and the ratification thereof at said general city election as aforesaid, it be and is hereby ordered that prior to the 1st dap of January 1925, bonds of said City of Las Vegas in an aggregate amount of not to exceed Four Thousand Dollars, ($4,000.00) exclusive of interest, being a part of said issue so authorized of $50,000.00 of Las Vegas Highway bonds for the purpose of providing funds for the construction of a highway through said City of Las Vegas to connect with Route 6 of the State Highway system of the State of Nevada, be prepared and ready for issuance? that said bonds as so prepared shall be each in the sum of One Thousand Dollars ($1,000.00) numbered from thirty-five (35) to Thirty- eight (38) consecutively, and shall bear annual interest at the rate of six per centum (6%) per annum from the date thereof, payable semi-annually on the 1st day of July and the 2nd day of January of each year payable at the office of the City Treasurer of said City of Las Vegas, in the City of Las Vegas, County of Clark, State of Nevada; that said bonds shall be designated "Las Vegas Highway Bonds (1925 series )", and shall be dated January 1,1925, and that said bonds shall be negotiable coupon bonds and shall mature and become payable as follows: Bonds thirty-five (35) and thirty-six (36) to become due and payable on or before the first day of July, 1942; bonds thirty-seven (37) and thirty-eight (38) to become due and payable on or before the first day of July, 1948. The payment and redemption of said bonds will be in the order of their issuance, the lowest bond being the first paid and redeemed, and so on until the whole amount of said bonds shall have been paid 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 eight 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 sane mature. IT IS FURTHER RESOLVED that said bonds and coupons with the necessary variations as to numbers and maturities, shall be in substantially the following form, respectively, to-wit: