Las Vegas City Commission Minutes, May 14, 1929 to February 11, 1937, lvc000003-214

OFFICE OF THE CITY CLERK, LAS VEGAS, CLARK COUNTY, NEVADA. OCTOBER 22nd, 1931. Minutes of a recessed regular meeting of the Board of Commissioners of the City of Las Vegas, held on the 22nd day of October, 1931. The following answered roll call; Mayor Cragin, Commissioners Mundy, German and Hansell, City Attorney Stevens and City Clerk Viola Burns. Absent Commissioner Thomas. On motion of Commissioner Mundy seconded by Commissioners German the following slot machine licenses were granted. Application being in proper form and the monies to cover same being on file with the Clerk. T. J. Settle 3 Slot Machines Dave Stearns 2 " ** De Lux Barber Shop 1 " " Vegas Sweet Shoppe 2 " " Vote on said motion was as follows: Commissioners Mundy, German and Hansell and His Honor the Mayor E.W.Cragin voting Aye. Noes none. The Board at this time considered the matter of advertising for bond bidders on the $160,000.00 bond issue authorized by the Legislature of the State of Nevada, for a sewer system and disposal plant in the City of Las Vegas. After considering the matter on motion of Commissioner Hansell seconded by Commissioner German it was moved that the City of Las Vegas readvertise for bidders on the $160,000.00 sewer bond issue in the following form: NOTICE TO BOND BIDDERS. The Board of Commissioners of the City of Las Vegas, Clark County, Nevada, will receive bids until three o'clock P.M. on the 20th day of November, 1931 for the purchase of One Hundred Sixty (160) Bonds of the Las Vegas Sewerage Bond Issue. Said bonds consist of One Hundred Sixty (160) Bonds in the denomination of One Thousand Dollars ($1000.00) each, which mature $8000.00 on the first day of July in each of the years 1933 to 1952 inclusive. Said bonds will bear interest at a rate not exceeding seven per centum per annum, payable semi-annually, and will bear date the first day of July, 1931. Each bid, except the bid of the State of Nevada, if one is received, must be accompanied by a deposit of five per cent. either cash or certified check made payable to the City Clerk of the City of Las Vegas, of the amount of the bid, which will be returned if the bid is not accepted; and if the successful bidder shall fail or neglect to complete the purchase of said bonds within thirty days following the acceptance of his or its bid, the amount of his or its deposit will be forfeited to said City of Las Vegas, and in that event said Board of Commission­ers will elect whether or not it will accept the bid of the one making the next best bid. If there be two or more equal bids and such bids are the best received, and not less than par and accrued interest, said Board of Commissioners will determine which bid shall be accepted. All bids must be sealed in opaque envelopes and marked, "For Las Vegas Sewerage Bonds, 1931 Issue," and addressed to the City Clerk of the City of Las Vegas, Las Vegas, Nevada. Bids will be opened by said Board of Commissioners on the 20th day of November, 1931, at three o'clock P.M. in the Board of Commissioners Room in the Office of the City Clerk, in said City of Las Vegas. Bidders shall submit a bid specifying (a) the lowest rate of interest and premium if any above par, a which such 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 said Board of Commissioners to reject any and all bids and readvertise. None of said bonds will be sold at less than par and accrued interest, and no discount or commission will be allowed or pair on the sale of such bonds. Dated this 22nd day of October, 1931. Vote on said motion was as follows: Commissioners Mundy, German and Hansell and His Honor the Mayor L.W.Cragin voting Aye. Noes none. No further business appearing before the Board at this time the meeting recessed until Monday the 26th day of October, 1931, at the hour of three o'clock P.M.