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142e EMERGENCY ORDINANCE NO. 500 AN EMERGENGY ORDINANCE RaTIFYING APPROVING AND CONFIRMING ACTION DIRECTeD TOWARD THE IMPROVEMENT OF CERTAIN STREETS AND PARTS THEREOF, THE CREATION OF STREET IMPROVEMENT ASSESSMENT DISTRICT NO. 100-17, 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 Clark and State of Nevada, on the 6th day of August, 1952, did publicly sell its City of Las Vegas Assessment District No. 100-17 Street Improvement Bonds, Series of July l, 1952, in the aggregate principal amount of $273,971.88, 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 a S FOLLOWS: SECTION 1. That all action, proceedings, matters and things (not inconsistent with the provisions of this ordinance) heretofore taken, ahd and done by the City of Las Vegas and the officers of said City concerning the improvement of certain streets, and parts thereof, in Street Improvement Assessment District No. 100-17 in said City, the creation of said District withi n and for said City, the levying and perfecting of special assessments to meet the cost and expense thereof, and the issuance of its City of Las Vegas Assessment District No. 100-17 Street Improvement Bonds, Series of July 1, 1952, for that purpose, be and the same is hereby ratified, approved and confirmed, including, without limiting the generality of the foregoing, the confirmation, adoption and approval of the Assessment Roll for said District, and the public sale of said bonds to The First National Bank of Nevada. 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. 100-17 Street Improvement Bonds, Series of July 1, 1952," in the aggregate principal amount of $273,971.88, consisting of 280 bonds numbered consecutively from 1 to 280, both inclusive, which bonds shall bear date as of the 1st day of July 1952, shall be in the denominations of $1,000.00 and $400.00 each, except bond numbered one which shall be in the denomination of $371.88, bearing interest at the rate of Four and Forty one hundredths per centum (4.40%) per annum until paid in full, payable annually on the 1st day of July in each year, as evidenced by interest coupons attached to said bonds, said bonds shall be numbered, shall be in the denomination of, and shall mature serially in regular follows; numerical order on the First day of July in each of the years BOND NUMBERS BOND AMOUNT MATURITY (ALL INCLUSIVE) DENOMINATION MATURING DATE 1 $371.88 7-1-53 2-28 1 ,0 0 0 .0 0 $27,371.88 7-1-53 29 4 0 0 .0 0 7-1-54 30-56 1 ,0 0 0 .0 0 27,400.00 7-1-54 57 4 0 0 .0 0 7-1-55 58-84 1 ,0 0 0 .0 0 2 7 ,4 0 0 .0 0 7-1-55 85 4 0 0 .0 0 7-1-56 8 6 - 1 1 2 1 ,0 0 0 .0 0 27,400.00 7-1-56 113 4 0 0 .0 0 7-1-57 114-140 1 ,0 0 0 .0 0 27,400.00 7-1-57 141 4 0 0 .0 0 7-1-58 142-168 1 ,0 0 0 .0 0 27,400.00 7-1-58 169 4 0 0 .0 0 7-1-59 170-196 1 ,0 0 0 .0 0 27,400.00 7-1-59 197 4 0 0 .0 0 7-1-60 198-224 1 ,0 0 0 .0 0 27,400.00 7-1-60 225 4 0 0 .0 0 7-1-61 226-252 1 ,0 0 0 .0 0 27,400.00 7-1-61 253 4 0 0 .0 0 7-1-62 254-280 1 ,0 0 0 .0 0 27,400.00 7-1-62 Said bonds and the interest thereon shall be payable in lawful money of the United States of America at the office of the City Treasurer of the City of Las Vegas, at Las Vegas, Nevada. Said bonds shall be fully negotiable and shall have all the qualities of negotiable paper, subject to the payment provisions stated herein, and the Holder of Holders thereof shall possess all rights enjoyed by holders of negotiable instruments under the provisions of the Negotiable instruments law.