Las Vegas City Commission Minutes, May 26, 1952 to February 17, 1954, lvc000008-478

(Coupon Form) (A) $18.00 (b) 31.90 (C) 6.25 (d) 10.63 No. On the first day of July, 19_____ ***(Unless the bond to which this coupon is attached has been called for prior redemption) the City of Las Vegas, County of Clark, State of Nevada, will pay the bearer hereof the sum of (A) EIGHTEEN AND SEVENTY FIVE ONE HUNDREDTHS DOLLARS (B) THIRTY ONE AND NINETY ONE HUNDREDTHS DOLLARS (C ) SIX AND TWENTY FIVE ONE HUNDREDTHS DOLLARS (D) TEN AND SIXTY THREE ONE HUNDREDTHS DOLLARS in lawful money of the United States of America, out of a special fund designated the "Assessment District No. 200-12 Sanitary Sewer Improve­ment Bond Interest and Redemption Fund," or in the event said fund shall be insufficient therefor out of its general fu nd, at the office of the City Treasurer of said City, being one year's interest on its "Assessment District No. 200-12 Sanitary Sewer Improvement bonds series of July, 1, 1953" and bearing No. ________ (Facsimile signature) Mayor (Facsimile signature) City Treasurer (Facsimile signature)______ City Clerk (A(B)* (Insert as amount of "A" coupon for bond in denomination of $500.00, and $850.69, respectively.) (C) (D)** (Insert as amount of "B" coupon for bond in denomination of $500.00 and $850.69, respectively.) * (Insert "A" or "B" as well as the number of the coupon.) * * ** (insert in all coupons (Except No. L) maturing on and after one year from date on each bond.) Section 5. That when said bonds have been duly executed, the City Treasurer in the City of Las Vegas shall deliver them to the lawful purchaser thereof on receipt of the purchase price. The funds realized from the sale of the bonds shall be applied solely to defray the cost and expense of making said improvements, but the purchaser of said bonds shall in no manner be responsible for the application by said City, or any of its officers, of any of the funds derived from the sale thereof. Section 6. That the officers of the City of Las Vegas be, and they hereby are, authorized and directed to take all action necessary or appropriate to effectuate the provisions of this ordinance, including, without limiting the generality of the foregoing, the printing of said bonds and the execution of such certificates as may reasonably be required by the purchasers thereof, relating, inter alia, to the signing of the bonds, the tenure and identity of the municipal officials, the amounts certified on the assessment roll together with the amount of cash payments, the accuracy of property descriptions, the receipt of the assignable certificates and the delivery of the bonds, and the absence of litigation pending or threatened affecting the validity of the bonds. Section 7. That after said sanitary sewer improvement bonds axe issued, this ordinance shall be and remain irrepealable until said bonds and the interest thereon shall be fully paid, certified and discharged, ad herein provided. Section 8. That all ordinances or resolutions, or parts thereof, in conflict with the provisions of this ordinance, are hereby repealed. This reapealer shall not be construed to revive any ordinance, nor resolution, or part thereof, heretofore repealed. Section 9. That if any one or more sections, sentences, clauses of parts of this ordinance shall, for any reason, be questioned or be held invalid, such judgment shall not affect, impair or invalidate the remaining provisions of this ordinance, but shall be confined in its operation to the specific sections, sentences, clauses or parts of this ordinance so held unconstitutional and invalid, and the inapplicability and invalidity of any section, sentence, clause or part of this ordinance, in any one or more instances shall not affect or prejudice in any way the applicability and validity of this ordinance in any other instances. 7-15-53