Las Vegas City Commission Minutes, May 14, 1929 to February 11, 1937, lvc000003-259

Las Vegas, Nevada. Sept. 1, 1932. To E. W. Cargin, Mayor, and to Commissioners R. W. Thomas, L. B. Hansell, W. C. German and W. B. Mundy. You and each of you will please take notice, that pursuant to a call this day issued by the Mayor of the City of Las Vegas, a special meeting of the Board of Commissioners of the City of Las Vegas will be held at the Board Room of Said Board on Thursday the first day of September, 1952 at the hour of 1:15 o'clock P. M. of said day, to consider and acting upon calling for bids upon s sixteen or more of Las Vegas Sewer Bonds, and matters in connection therewith. You will govern yourselves accordingly. Viola Burns City Clerk By Mary Taylor Deputy City Clerk We, the undersigned, being the Mayor and City Commissioners of the City of Las Vegas, do hereby admit due service of the foregoing notice of special meeting on this 1st day of September 1952 E. W. Cragin W. B. Mundy Mayor W.C. German L. B. Hansell R.W. Thomas Commissioners Roll call showed the following present, Mayor E. W. Cragin, Commissioners Mundy, German, Hansell and Thomas and Deputy City Clerk and City Attorney. Absent City Clerk. Upon motion of Commissioner Hansell, seconded by Commissioner Thomas it was moved that the City of Las Vegas advertise for sale 16 (sixteen) bonds of the Las Vegas Sewerage Bond issue. Vote on said motion was as follows: Commissioners Mundy, German, Hansell, Thomas and His Honor the Mayor voting aye. Noes none. Notice to bond bidders being 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 29th day of September, 1932, for the purchase of sixteen bonds of Las Vegas Sewerage Bond issue. 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. Said bonds are a portion of an entire issue consisting of One Hundred Sixty (160) bonds in the denomination of Ore Thousand Dollars ($1000.00) each, which mature $8000.00 on the first day of July in each of the years 1933 to 1932 inclusive. The bonds now proposed to be issued ill commence with bond No. 1 and run consecutively thereafter up to bond No. 16 inclusive, the first maturity of eight bonds to mature on the first day of July 1934. Each bid, except the bid of the State of Nevada, if one is received, must be accompanied by a deposit of five per dent, either cash or certified check 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 the bid of the one making the next best bid for the same amount of bonds. If there be two or more equal bids for the same amount of bonds 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 s id Board of Commissioners on the 29th day of September, 1932, at the hour of three o'clock P. M. at the regular meeting place of said Board in the 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, at which such bidder will purchase the specified number of bonds; or (b) the lowest rate of interest at which the bidder will purchase the specified number of 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 paid on the sale of such bonds. Dated this first day of September, 1932. Board of Commissioners of the City of Las Vegas, Clark County, Nevada By E. W. Cragin___________________ Mayor Attest: Viola Burns City Clerk By Mary Taylor________ Deputy (City Seal) No farther business appearing before the Board at this time the meeting adjourned