Las Vegas City Commission Minutes, August 11, 1942 to December 30, 1946, lvc000005-398

2:00 o’clock, p.m., at the City Office in Las Vegas, Nevada, receive sealed bids and publicly open same, for the purchase of City of Las Vegas Swimming Pool Bonds in an aggregate principal amount not exceeding $160,000.00 to bear interest at a rate not to exceed 4% per annum, to bear date of January 1, 1946 to be in the denomination of $1.000.00 each, to mature $8,000 on January 1, 1947; $8,000 on January 1, 1948; $8,000 on January 1, 1949; $8,000 on January 1, 1950; $8,000 on January 1, 1951; $8,000 on January 1, 1952; $8,000 on January 1, 1953; $8,000 on January 1, 1954; $8,000 on January 1, 1955; $8,000 on January 1, 1956; $8,000 on January 1, 1957; $8,000 on January 1, 1958; $8,000 on January 1, 1959; $8,000 on January 1, 1960; $8,000 on January 1, 1961; $8,000 on January 1, 1962; $8,000 on January 1, 1963; $8,000 on January 1, 1964; $8,000 on January 1, 1965; $8,000 on January 1, 1966. In the event that the cost of construction of the two swimming pools to be constructed from the proceed from the sale of these bonds is less than $160,000.00 the number of bonds to be issued shall be reduced by a number equal to the last full $1,000 of said reduction, and shall be applied to the series in the reverse order of their maturity. The bonds are to be designated "Las Vegas Swimming Pool Bonds, Series of 1947-1966." Bidders are required to submit offers specifying: (a) The lowest rate of interest and premium, if any, above par at which said bidder will purchase such bonds; or (b) The lowest rate of interest at which the bidder will purchase said bonds at par. The bonds will be sold to the bidder making the best bid, subject to the right of the Board to reject any and all bids and readvertise. None of said bonds shall be sold at less than par and accrued interest, nor will any discount or commission be allowed or paid on the sale of such bonds. All Bids shall be sealed an, except the bid of the State of Nevada, shall be accompanied by a deposit of five per cent, either cash or certified check, of the amount of the bid, which will be returned, if the bid is not accepted; and if the successful bidder shall fail or neglect to complete the purchase of said bonds within thirty days following the acceptance of his bid, the amount of his deposit shall be forfeited to the Board of City Commissioners of the City of Las Vegas, Clark County, Nevada, and in that event the Board of Commissioners of the City of Las Vegas may accept the bid of the one making the next best bid; or if all bids are rejected the Board of City Commissioners may readvertise said bonds for sale. If there are two or more equal bids and such bids are the best bids received, and are not less than par and accrued interest, the Board of City Commissioners will determine which bid shall be accepted. Dated at Las Vegas, Clark County, Nevada, this 7th day of December, 1945. E. W. Cragin Mayor, City of Las Vegas, Nevada ATTEST: Helen Scott Reed Clerk, City of Las Vegas, Nevada (SEAL) With proof of publication being attached thereto and made a part hereof and being as follows: AFFIDAVIT OF PUBLICATION STATE OF NEVADA) ) SS. COUNTY OF CLARK) Bill Whitehead, being first duly sworn, deposes and says: That he is foreman of the LAS VEGAS EVENING REVIEW-JOURNAL, a daily newspaper, of general circulation, printed and published in Las Vegas, in the County of Clark, State of Nevada, and that the attached was continuously published in said newspaper for a period of 4 times from December 8, 1945 to December 29, 1945 inclusive, being the issues of said newspaper for the following dates, to-wit: December 8, 15, 22, 29, 1945 That said newspaper was regularly issued and circulated on each of the dates above named. /s/ Bill Whitehead Subscribed and sworn to before me this 3rd day of January, 1946. /s/ A. E. Cahlan Notary Public in and for Clark County, Nevada My Commission expires January 12th, 1947. His Honor the Mayor stated that this was the time and place for such notice of sale for the opening of bids for the purchase of said bonds. And the City Clerk was authorized and instructed to open and read said bids, which were as follows: January 7, 1946 Honorable Board of City Commissioners Las Vegas, Nevada Gentlemen: As per your notice of sale for $160,000.00 Las Vegas, Nevada, General Obligation Swimming Pool Bonds, Series of 1947-66, to be dated January 1, 1946, to be in the denomination of $1,000.00 each, to bear interest at the rate of 1 and 3/4% per annum, interest payable semi-annually on January l, and July 1 of