Las Vegas City Commission Minutes, November 7, 1949 to May 21, 1952, lvc000007-157

consecutively through thirteen, both inclusive, No. 1 being in the denomination of $488.00, Nos 2.through 13 in the sum of $1,000.00 each, maturing: No. 1 on August 1, 1951, No. 2 on August 1, 1952, Nos. 3 on August 1, 1953, No. 4 on August 1, 1954, No. 5 on August 1, 1955, No. 6 on August 1, 1956, No. 7 on August 1, 1957, Nos. 8 and 9 on August 1, 1958, Nos. 10. and 11 on August 1, 1959, and Nos. 12 and 13 on August 1, 1960; principal and interest payable at the office of the City Treasurer at Las Vegas, Nevada, we will pay you upon delivery of the bonds to us at Las Vegas, Nevada, as follows: For $12,488.00 of bonds maturing from 1951 to 1960, inclusive, bearing interest at the rate of 4%, their par value, plus accrued interest from the date of bonds to the date of their delivery to us. The bonds are to accompanied by the approving opinion of Bond Attorneys satisfactory to us, the cost of said opinion to be paid for by us. The bonds are to be delivered on or before September 15, 1950, acceptance of delivery of the bonds thereafter to be at our option only. The City of Las Vegas and its City Council shall agree to enforce the provisions of Section 10,30, Article XII, Statutes of Nevada 1945, and incorporate a provision in said bonds that'should be insufficient funds created by special assessment that said deficiency shall be paid out of the general funds of the City of Las Vegas. Attached is our Cashier’s Check payable to the City of Las Vegas, Nevada, in the amount of $625.00, which check is to be held by you as an evidence of our good faith in the transaction , and applied as part payment on the bonds when they are delivered to us in accordance with the terms of this bid. If this bid is rejected, or if the bond attorneys fail to issue their approving opinion as to the legality of the bonds, or if the bonds are not delivered to us on or before September 15, 1950, you agree upon demand by us to return our check to us This offer is for immediate acceptance only. Respectfully submitted, FIRST NATIONAL BANK OF NEVADA Reno, Nevada By s/ H. Manente______________ Vice President Las Vegas, Nevada August 9, 1950 Honorable Mayor and City Council Las Vegas, Clark County Nevada Gentlemen: As per your notice of sale for $29,398.24 of City of Las Vegas Improvement Bonds, to be designated Las Vegas Boulder Dam Homesites Addition Sanitary Sewer Improvement Bonds, maturing without option of prior payment, numbered from one upwards consecutively through thirty, both inclusive, No. 1 being in the denomination of $398.24 Nos. 2 through 30 in the sum of $1,000.00 each, maturing: No. 1 on August 1, 1951, Nos. 2 and 3 on August 1, 1952, Nos. 4 to 6 on August 1, 1953, Nos. 7 and 8 on August 1, 1954, Nos. 9 and 10 on August 1, 1955, Nos. 11 to 13 on August 1, 1956, Nos. 14 and 15 on August 1, 1957, Nos. 16 to 20 on August 1, 1958, Nos. 21 to 25 on August 1, 1959, Nos. 26 to 30 on August I, I960} principal and interest payable at the office of the City Treasurer at Las Vegas, Nevada, we will pay you upon delivery of the bonds to us at Las Vegas, Nevada as follows: For $29,398.24 of bonds maturing from 1951 to I960, inclusive, bearing interest at the rate of 4%, their par value, plus accrued interest from the date of the bonds to the date of their delivery to us. The bonds are to be accompanied by the approving opinion of Bond Attorneys satisfactory to us, the cost of said opinion to be paid for by us. The bonds are to be delivered on or before September 15, 1950, acceptance of delivery of the bonds thereafter to be at our option only. The City of Las Vegas and its City Council shall agree to enforce the provisions of Section 10.30, Article XII, Statutes of Nevada,1945, and incorporate a provision in said bonds that should there be insufficient funds created by special assessment that said deficiency shall be paid out of the general funds of the City of Las Vegas. Attached is our Cashier’s Check payable to the City of Las Vegas, Nevada, in the amount of $1,475.00, which check is to be held by you as an evidence of our good faith in this transaction, and applied as part payment on the bonds when they are delivered to us in accordance with the terms of this bid. If this bid is rejected, or if the bond attorneys fail to issue their approving opinion as to the legality of the bonds, or if the bonds