Las Vegas City Commission Minutes, March 1, 1922 to May 10, 1929, lvc000002-95

$30,000.00, composed of thirty (30) bonds numbered consecutively from one (1) to thirty (30) both numbers inclusive, of the denomination of one thousand ($1,000.00) dollars each, dated September 1st, 1923, and absolutely due and payable in numerical order serially as follows: Bonds 1 and 2 to become due and payable on or before the 1st day of July 1925; Bonds 3 and 4 to become due and payable on or before the 1st day of July, 1926; Bonds 5 and 6 to become due and payable on or before the 1st day of July, 1927; Bonds 7 add 8 to become due and payable on or before the 1st day of July, 1928; Bonds 9 and 10 to become due and payable on or before the 1st day of July, 1929; Bonds 11 and 12 to become due end payable on or before the 1st day of July 1930; Bonds 13 and 14 to become due and payable on or before the 1st day of July 1931; Bonds 15 and 16 to become due or payable on or before the 1st day of July, 1932; 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 first day of July, 1957; 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. Section 2; And it is further resolved by the Board, that the Thirty Thousand ($30,000) dollar bond issue be, and the Clerk is hereby authorized to have printed, a coupon bond, and said bond shall be in substantially the following form, respectively, to-wit: ( 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 to 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 centum (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 interst 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 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 held 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