Las Vegas City Commission Minutes, March 1, 1922 to May 10, 1929, lvc000002-84

Bonds 15 and 16 to become due and payable on or before the 1st day of July, 1952; Bonds 17 and 18 to become due and payable on or before the 1st day of July, 1933; Bonds 19 and 20 to become due and payable on or before the 1st day of July, 1934; Bonds 21 and 22 to become due and payable on or before the 1st day of July, 1935; Bonds 23 and 24 to become due and payable on or before the 1st day of July, 1936; Bonds 25 and 26 to become due and payable on or before the 1st day of July, 1937; Bonds 27 and 28 to become due and payable on or before the 1st day of July, 1938; Bonds 29 and 30 to become due and payable on or before the 1st day of July, 1939. The payment and redemption of said bonds will be in the order of their issuance , the lowest bond to be the first paid and redeemed, and so on until the whole amount of said bonds shall have been paid and redeemed. Each of said bonds shall have coupons attached representing each interest install­ment to date of maturity of the principal. Both principal and interest of said bonds shall be payable in Gold Coin of the United States of America, at present standard, at the office of the City Treasurer of the City of Las Vegas, in the City of Las Vegas, County of Clark, State of Nevada. Interest on said bonds shall cease as the same mature. IT IS FURTHER RESOLVED, that said bonds and coupons with the necessary variations as to numbers and maturities, shall be in substantially the following form, respectively, to­wit: (Form of Bond) "No._______ UNITED STATES OF AMERICA $1000.00 STATE OF NEVADA COUNTY OF CLARK LAS VEGAS HIGHWAY BONDS (1923 Series) 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 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 date hereof until paid, at the rate of six per cent (6%) per annum, payable semi-annually on the first day of July and the 2nd day of 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 the 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 foe the prompt payment of the principal and interest of these bonds as the 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 constructing a highway through said City of Las Vegas to connect with Route 6 of the State Highway System, and pursuant to an election duly called and hold at which more than a majority of the qualified electors voted in favor of the issuance of said bonds, and proceedings of the Board of City Commissioners duly passed and adopted, and is authorized by and issued in full conformity with the requirements of the Constitution and laws of the State of Nevada, including Chapter 74 of the Session Laws of said State for the year 1923, and all acts of the Legislature amendatory thereof, and supplemental thereto. It is further certified and recited that all acts ,conditions and things required by the Constitution and laws of the State of Nevada to exist, happen and to be performed pre­cedent to and in the issuance of this 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