Las Vegas City Commission Minutes, March 1, 1922 to May 10, 1929, lvc000002-152

annually a sufficient tax on all property, both real and personal within the boundaries of said City of Las Vegas, Clark County, Nevada, to pay the interest on said bonds as the same accrues according the the tenor and the maturity thereof, the principal of said bonds at the time provided therein and hereinabove set forth in this resolution. Such tax shall be levied and collected in the same manner and at the same time as taxes are assessed and collected in said City of Las Vegas, and the proceeds thereof shall be kept by the City Treasurer in a special fund. Section 5. That it be and it is hereby certified, recited and warranted that all conditions acts and things necessary and essential to the validity of the bonds of said City in this order mentioned , and required by law to be done, have been duly done and performed and the proceeds to be derived from the issue of said bonds are immediately necessary for the purpose aforesaid. Section 6. That the Mayor and Clerk of this Board and the Treasurer of said City ,or any or either of ten are hereby authorized, ordered and directed to furnish the purchaser of said bonds sufficient transcripts and other documents and proceedings preliminary to the issue and de­livery of said bonds and the legality and sufficiency thereof and validity of said bonds and the acts of said officers in the premises are hereby declared ratified, approved and confirmed. Section 7. That the provisions of this resolution and order and each of the bonds issued and delivered pursuant hereto, shall be and do constitute, and the same are hereby declared to be a binding and irrevocable contract between said City and purchaser and holder or holders of said bonds from time to time. Section 8: That all resolutions and orders or parts thereof of this Board in conflict with the provisions hereof, or which might in any manner prevent the issuance or delivery or impair the validity of said bonds be and the same are hereby repealed, rescinded and annulled and this resolution and order shall be irrepealable until the indebtedness hereby created both as to principal and interest, shall by said City have been fully paid, certified and discharged. Approved this 2nd day of December, A.D. 1924. From the roll call the voting results were as follows: Commissioners Anderson, Matzdorf, and Elwell and His Honor the Mayor, W.C. German, Aye. Noes, none. Thereupon the Clerk presented the claim of the Department of State Highways in the sum of $32,027.36, as the city's share of the cost of construction of the proposed Federal Aid Highway through the City of Las Vegas, and it appearing to the Board of City Commissioners that there is only the sum of $29,082.00 in the Highway Bond fund of said City, it was ordered, upon motion of Commissioner Anderson, seconded by Commissioner Matzdorf, and unanimously carried, that the Clerk of this Board be and she is hereby ordered and directed to draw a warrant for the sum of $29,000.00 in favor of the Department of State Highways of the State of Nevada, and that the remaining balance of said claim be paid as soon as funds shall have been received from the sale of the bonds as above set forth. There being no further business to come before the Board at this time, it was ordered upon motion duly made and carried that the Board adjourn until the next regular meeting to be held on the 6th day of January, A.D. 1925.