Las Vegas City Commission Minutes, August 11, 1942 to December 30, 1946, lvc000005-490

EMERGENCY LOAN 1. Director of Public Works............. . . .$450.00 per mo. 2. Foreman-Sanitation.......................... 250.00 Per mo. 3. Deputy Building Inspector.................... 275.00 per mo. Sufficient funds are available in the Sewage Disposal budget for transfer to the proper accounts to cover the cost of #1 and #3 for the balance of 1946 #3 is a possible training job and if candidates are found this position, the selected veteran will be started at $25 annually until he reaches the maximum recommended above. Funds are available in the Building Inspection budget to cover the costs for the balance of 1946. Respectfully submitted, s/T. E. Fennessy_________ City Manager Thereafter Commissioner Bates moved that the recommendation of the City Manager relative to the creation of job titles for 1946 be approved, and established as of September 16, 1946. Motion seconded by Commissioner Clark, and carried by the following vote: Commissioners Bates, Clark and His Honor voting aye; noes, none. Absent: Commissioners Baskin and Corradetti. There being no further business to come before the meeting at this time, Commissioner Bates moved that this meeting adjourn until Monday, September 9, at the hour of 2 P.M. Motion seconded by Commissioner Clark, and carried by the following vote: Commissioners Clark, Bates and His Honor voting aye; noes, none. Absent: Commissioners Baskin and Corradetti. Las Vegas, Nevada September 9, 1946 At a recessed regular meeting of the Board of City Commissioners held this 9th of September, 1946, Meeting called to order by His Honor Mayor E. W. Cragin at the hour of 2 P.M. with the following members present: Commissioners Bates, Clark, Corradetti, City Manager T. E. Fennessy, City Clerk Helen Scott Reed. Absent: Commissioner Baskin and City Attorney C. Norman Cornwall. This being the time set for hearing on the Notice of Intention to Act on a Resolution to Secure and Emergency loan, and there being no protests filed at this time, the following Resolution was presented to the Board for consideration: RESOLUTION WHEREAS, there exists a great necessity and emergency, due to the rising costs of building, for the securing of funds to expedite the construction and completion of a Police Station, and Jail Facilities and WHEREAS, unforeseen expenses are being incurred in connection with the operations of the street department, administrative department, sewer department, park department, golf department, City Hall and Street lighting departments for which no funds were provided in the 1946 Budget, and WHEREAS, the only means possible to meet these obligations and expenditures is through the securing of an emergency loan, funds for which are partially available, without impairment to its fiscal affairs in the unapportioned surplus accounts of the General Funds, Cemetery Fund, Fire Station Construction Fund and Bond Interest and Redemption Fund, of the City of Las Vegas, Nevada. NOW THEREFORE, be it resolved by the Board of Commissioners of the City of Las Vegas, Nevada, that the City borrow the sum of One Hundred Twenty-five Thousand Dollars ($125,000.00) or whatever part thereof said Board finds necessary or expedient to borrow, at an interest rate of not to exceed eight percent (8%) per annum, and to provide in subsequent annual budgets for the repayment thereof, of both interest and principal, within the period of two and one-half (2½) years from date of the actual borrowing of said sum,and