Las Vegas City Commission Minutes, May 26, 1952 to February 17, 1954, lvc000008-511

481 Section 4. That said bonds, shall be signed by the Mayor of the City, countersigned by the City Treasurer, and attested and countersigned by the City Clerk, with the seal of the City of Las Vegas affixed thereto. The coupons attached to said bonds shall bear the facsimile signatures of said Mayor, City Treasurer and City Clerk, which officers, by the execution of said bonds shall adopt as and for their signatures the facsimiles thereof appearing on said coupons. Said bonds and coupons bearing the signatures of the officers in office at the time of the signing thereof shall be the valid and binding obligations of the City of Las Vegas, notwithstanding that before the delivery thereof and payment thereof, any or all of the persons whose signatures appear thereon shall have ceased to fill offices. their respective Section 5. That said bonds and the coupons thereto attached shall be in substantially the following form: UNITED STATES OF AMERICA STATE OF NEVADA COUNTY OF CLARK CITY OF LAS VEGAS GENERAL OBLIGATION SEWER BOND SERIES OF SEPTEMBER 1, 1953 No. _____________ $1,000.00 The City of Las Vegas, in the County of Clark and State of Nevada, for value received, hereby acknowledges itself indebted and promises to pay to the bearer ONE THOUSAND DOLLARS the r ate of on the first day of September, 1954, with interest hereon at/ **five, four & one quarter, four & one half, four & thirty one hundredths, four & thirty five one hundredths and four & three eighths per centum per annum, payable semi annually on the first days of March and September in each year, upon presentation and surrender of this bond and the attached coupons as they severally become due, both principal and interest being payable in lawful money of the United States of America, without deduction for exchange or collection charges, at the office of the City Treasurer, Las Vegas, Nevada, or, at the option of the holder hereon, at the Harris Trust & Savings Bank, Chicago, Illinois. *This bond is one of an issue subject to prior redemption in inverse numerical order, at the option of the City of Las Vegas, on September 1, 1963, or on any interest payment date thereafter prior to maturity, at a price equal to the principal amount thereof with accrued interest to the redemption date. Redemption shall be made upon not less than thirty days prior notice by publication in a newspaper of general circulation in the City of Las Vegas, in the manner and upon the conditions provided in the ordinance authorizing the issuance of this bond.) This bond is issued by the City of Las Vegas on behalf of said City of Las Vegas on behalf of said City and upon the credit thereof, for the purpose of acquiring, constructing and establishing additional sanitary sewer trunk lines and interceptors to the existing municipal sewerage system owned and operated by the City of Las Vegas, under the authority of and in full conformity with the charter of said City and the constitution and statutes of the State of Nevada. It is hereby certified and warranted that the issuance of this bond has been authorized by the electors of the City of Las Vegas, qualified to vote on the question, at a special municipal election held in said City at the same time as the general city election on the 5th day of May, 1953. It is hereby certified and recited that all the requirements of law have been fully complied with by the proper officers of said City in the issuance of this bond; that the total indebtedness of said City, including the indebtedness evidenced by this bond, does not exceed any limit of indebtedness prescribed by the constitution or laws of the State of Nevada or the charter of the City of Las Vegas; and that provision has been made for the levy and collect­ion of annual taxes sufficient to pay the interest on and the principal of this bond when the same become due. The full faith and credit of the City of Las Vegas are hereby pledged for the punctual payment of the principal of and the interest on this bond. IN TESTIMONY WHEREOF, the City of Las Vegas, Nevada, has caused this bond to be signed by its Mayor, countersigned by its Treasurer, sealed with its corporate seal, and attested and countersigned by its City Clerk, and has caused the annexed interest coupons to be executed with the facsimile signatures of its Mayor, City Treasurer, and City Clerk, as of the first day of September, 1953. (Do not sign) Mayor Countersigned: ____ (Do not Sign) City Treasurer (SEAL) Attested and Countersigned: (Do not Sign)________________ City Clerk *To be inserted in bonds maturing on and after September 1, 1964. **(Insert 5% in Bond Nos. 1 to 350 inclusive, 4 1/4% in Bond Nos. 36l to 504,4 1/2% in Bond Nos. 505 to 684, 4.30% in bond Nos. 685 to 756, 4.35% in Bond Nos. 757 to 828 and 4.3/8% in Bond Nos. 829 to 900, all inclusive.) 9-2-53