Las Vegas City Ordinances, July 18, 1911 to March 31, 1933, lvc000013-252

(Form of Bond) No._______ United States of America State of Nevada County of Clark. Las Vegas Special 1930 Pavement Improvement Bonds Series A KNOW ALL MEN BY THESE PRESENTS: That the City of Las Vegas, a municipal corporation duly organized and existing under the laws of the State of Nevada, acknowledges itself to be indebted and for the value received hereby promises to pay the bearer on the _______________day of___________________, 19_____, the principal sum of One Thousand Dollars, together with interest thereon from the date thereof until paid, at the rate of _______________________ per cent. (_%) per annum, payable semi-annually on the first day of July and January of each year, which interest to the date of the maturity of the principal is evidenced by and payable upon presentation and surrender of the annexed interest coupons as they severally become due. Interest on this bond shall cease on the date when the bond becomes due and payable. Both principal and interest on this bond are payable in Gold Coin of the United States of America, at present standard, at the office of the City Treasurer, in the City of Las Vegas, County of Clark, State of Nevada, and for the prompt payment of the principal and interest of these bonds as they respectively become due, the full faith, credit, and resources of said City are hereby irrevocably pledged. This bond is one of a series of like date, tenor and amount but different maturities issued for the purpose of defraying that portion of the expenses determined by the Board of Commissioners of the City of Las Vegas to be stood and borne by said City for the grading for and construction of Asphaltic Concrete Pavement Durite Process upon the interior squares or spaces formed by the intersection of streets and spaces opposite alleys and where lands belonging to said City, or public ground not taxable, abut on such improvements, in connection with those certain improvements on certain streets and portions of streets in said City authorized and determined to be made under the provisions of Ordinance No. 149 of the City of Las Vegas, approved December 5, 1929, and is authorized by and issued in full conformity with the requirements of the Constitution and laws of the State of Nevada, including Chapter 110 of the Sessions Laws of the State of Nevada, for the year 1927, and all acts of the legislature amendatory thereof and supplemental thereto, and in full conformity with the provisions of said Ordinance No. 149 and proceedings of the Board of City Commissioners of said City duly passed and adopted. It is further certified and recited that all acts, conditions and things required by the Constitution and the laws of the State of Nevada to exist, happen and to be performed precedent to and in the issuance of these bonds, have existed, happened and have been performed in regular and due form, time and manner as required by law, and that the amount of this bond, together with all other indebtedness of said City, does not exceed any constitutional or statutory limitation. IN WITNESS THEREOF, said Board of City Commissioners of said City have caused this bond to be signed by the Mayor of said City, countersigned by the City Treasurer, and authenticated by the signature of the City Clerk and the seal of said City, and the interest and coupons hereto annexed to be authenticated with, the lithographed facsimile signature of said Mayor and countersignature of said City Treasurer, and this bond to be dated the_________ day of __________ ___ ____ 1930. Mayor. Attest: City Clerk. Countersigned: City Treasurer. No._______________ (Form of Coupon) On the 1st day of July (1st day of January) , 19 ________, the City of Las Vegas, In the County of Clark, State of Nevada, will pay to the bearer____ _________________Dollars, in Gold Coin of the United States of America, at the present standard, at the office of the City Treasurer, in the City of Las Vegas, Nevada, being the semi-annual interest then due on its "Las Vegas Special 1930 Pavement Improvement Bonds, Series A", dated the_______day of_____________________,19____________. Mayor. Countersigned: City Treasurer. Section 4. The officials now or hereafter charged by law with the duty of levying taxes for the payment of said bonds and interest shall, in the manner provided by law, make an annual levy sufficient to meet the annual payments of principal and semi­annual payments of interest on said bonds maturing as herein provided. The proceeds from the taxes levied shall be kept by the City Treasurer in a special Fund to be known as the "Las Vegas Special 1930 Pavement Improvement Series A, Bond Redemption Fund," and the funds deposited therein shall be used only for the payment of interest on said bonds, as the same becomes due and payable, and in the payment of the principal of and retirement of said bonds as they respectively become due and payable under the terms of this Ordinance. Section 5. This Ordinance shall take effect imnmediately after its adoption approval and publication in Las Vegas Age, A tri-weekly newspaper published in the City of Las Vegas for one week, (three consecutive issues).