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year 1926 was only $2,682,003, and instead of raising by taxation the necessary funds, as aforesaid, the actual amount of taxes reiaws fell far below the estimate of $25,300.00, required to be raised by taxation, viz: a deficit of $4,651.76, and WHEREAS, the amounts received from licenses and fines fell $2,355.50 below the estimate in said budget therefore, and WHEREAS, there are not sufficient moneys in the various funds of the City to permit of the conduct of various departments until the next tax paying period in June, 1927 and there is necessary to be raised therefore in the various funds the following: General Fund $1,800.00; Police and Fire Fund $2,100.00; Street Department Fund $600.00, aggregating a total of $4,500.00, and a great emergency exists for the securing of such funds, and WHEREAS, for the purposes aforesaid it will be necessary for said City to borrow the sum of $4500.00 for a period of two and one-half years by the issuance of the negotiable note or notes of said City, bearing interest at the rate of not to exceed eight per cent annum, redeemable as by law provided out of an emergency tax fund, NOW THEREFORE, BE IT RESOLVED, that the Board of City Commissioners of said City of Las Vegas do hereby authorize and empower the Mayor and City Clerk to borrow, for the purposes aforesaid, the sum of Four Thousand Five Hundred Dollars for a period of not to exceed two and one-half years, and to issue as evidence thereof the negotiable promissory note or notes of said City in the aggregate of said sum of Four Thousand Five Hundred Dollars, the same to bear interest at a rate of not to exceed eight per cent per annum, to be redeemable at the option of this Board at any time when money is available in the Emergency Tax Fund, to be known as "City of Las Vegas, Nevada Emergency Tax," to be levied by this Board at the first tax levy following the Creation of such indebtedness, as by law provided. THEREUPON, no further business appearing it was ordered upon motion duly made seconded, and carried that this board adjourn until