Las Vegas City Ordinances, March 31, 1933 to October 25, 1950, lvc000014-304

The faith and credity 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 has caused this bond to be signed by its Mayor and attested by its City Clerk under the seal of said City and to be countersigned by the City Treasurer, all as of the first day of October, A. D. 1947. _____________(Do not sign)____________ Mayor COUNTERSIGNED: _____________(Do not sign)____________ City Treasurer ATTEST: _____(Do not sign) _____ City Clerk (SEAL) * (To be inserted in bonds numbered 36 to 125, both inclusive, maturing after October 1, 1952.) (Form of Coupon) No.____ $________ April On the first day of October, A. D. 19 *( unless the bond to which this coupon is attached has been called for prior redemption) the City of Las Vegas in the County of Clark, State of Nevada, will pay the bearer Dollars at the office of the City Treasurer in Las Vegas, Nevada, in lawful money of the United States of America, being six months' interest on its Police Station Bonds, 1947, Series A, dated October 1, 1947, No.______. _____________(Facsimile Signature)____ City Treasurer * (To be inserted in coupons maturing after April 1, 1952 attached to bonds numbered 36 to 125, both inclusive.) Section 7. That said Police Station Bonds, 1947, Series A, shall be sold at public sale to the person or persons offering the best and most advantageous terms to said City. The Mayor and City Clerk be and they are hereby authorized and directed to give notice offering said police station bonds for sale and calling for bids for the purchase of said bonds by publishing a notice once a week for four consecutive weeks by five insertions at weekly intervals in The Las Vegas Evening Review-Journal, the official newspaper of the City of Las Vegas and by mailing a copy of such notice at least three weeks prior to the date fixed for the sale to the State Board of Finance, Carson City, Nevada, which said notice shall be in substantially the following form: NOTICE OF SALE OF CITY OF LAS VEGAS. NEVADA. POLICE STATION BONDS. 1947. SERIES A $125.000.00 - OCTOBER 1. 1947 NOTICE IS HEREBY GIVEN that the City of Las Vegas, Clark County, Nevada, will on the day of__________________, 1947, at_____o'clock ___. M., at the City Office in Las Vegas, Nevada, offer for sale the following described general obligation bonds of said City: City of Las Vegas Police Station Bonds, 1947, Series A, dated October 1, 1947, in the aggregate principal amount of $125,000.00, numbered from 1 to 125, both inclusive, in the denomination of $1,000.00 each, maturing serially in numerical order $11,000.00 on October 1, 1948, and $6,000.00 on October 1st in each of the years 1949 to 1967, both inclusive; bonds numbered 36 to 125, both inclusive, maturing on the first day of October in each of the years 1953 to 1967, both inclusive, being subject to redemption in inverse numerical order at the option of the City on the first day of October, 1952, or on any interest payment date thereafter upon the payment of the principal amount thereof and accrued interest to the redemption date, and all of said bonds bearing interest at a rate not to exceed three per centum per annum, payable semi-annually on the first days of April and October in each year, both principal and interest being payable at the office of the City Treasurer, Las Vegas, Nevada. Bidders are required to submit a bid specifying (a) the lowest rate of interest and premium, if any, above par at which the bidder will purchase said 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 corporate authorities of the City of Las Vegas to reject any and all bids and re-advertise. 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 and, 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, either cash or certified check, of the amount of the bid, which will be returned if the bid is not accepted;