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Las Vegas, Nevada December 20, 1955 (CALL OF SPECIAL MEETING) A special meeting of the Board of Commissioners of the City of Las Vegas, Nevada held this 20th day of December, 1955 was called to order at the hour of 3.45 P.M. by His Honor Mayor Baker with the following members present: Mayor C.D. Baker Commissioner Wendell Bunker Commissioner E.W. Fountain Commissioner Harris P. Sharp Commissioner Reed Whipple City Manager A.H. Kennedy Asst. City Manager Robert W. Notti City Attorney Howard W. Cannon City Clerk Shirley Ballinger INVESTMENT OF BOND MONEY Commissioner Sharp moved that $2,750,000 of the bond money be invested in short term U.S. Treasury Certificates and the following resolution adopted: RESOLUTION WHEREAS, the City of Las Vegas has issued and sold General Obligation Bonds in the sum of $2,875,000 for the purpose of constructing improvements consisting of Sewer Improvement, a Fire Alarm System, a Fire Extinguishing System and Police Detention Improvement; and WHEREAS, IT WILL REQUIRE a period of time to enter into contracts for a major portion of said improvements and the demands for payment thereof will extend over a period of time; and WHEREAS, It is deemed to be in the best interest of the public that the funds from said bond sale shall be invested in Government securities until such time as they are needed for contractural obligations. NOW, THEREFORE, BE IT RESOLVED that the sum of $2,750,000 being the proceeds from the sale of General Obligation Bonds of the City of Las Vegas be invested in United States Treasury Certificates, bearing maturity dates and in the amounts respectively as set forth on exhibit A attached hereto and made a part hereof; Maturity Date $140,000 4-1-56 300.000 5-1-56 500.000 6-1-56 540,000 7-1-56 200.000 8-1-56 200.000 9-1-56 100.000 10-1-56 200.000 11-1-56 100.000 12-1-56 100.000 1-1-57 100.000 2-1-57 270.000 3-1-57 BE IT FURTHER RESOLVED, that the City Treasurer shall issue checks drawn on the Sewer Improvement Construction Fund, Fire Alarm System Construction Fund, Fire Extinguishing System Construction Fund, and Police Detention Construction Fund for the investment of said funds as aforesaid. Motion seconded by Commissioner Bunker and carried by the following vote: Commissioners Bunker, Fountain, Sharp, Whipple and His Honor voting aye; noes, none. PAYROLL WARRANTS Commissioner Fountain moved that Payroll Warrants Nos. 8900 through 9365 in the net amount of $60,563.94 be approved and signatures authorized. Motion seconded by Commissioner Sharp and carried by the following vote: Commissioners Bunker, Fountain, Sharp, Whipple and His Honor voting aye; noes, none. There being no further business to come before this meeting, Commissioner Whipple moved this meeting adjourn. Motion seconded by Commissioner Fountain and carried by the following vote: Commissioners Bunker, Fountain, Sharp, Whipple and His Honor voting aye; noes, none. APPROVED: Mayor ATTEST: City Clerk 12-20-55