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Las Vegas, Nevada April 11, 1956 A recessed regular meeting of the Board, of Commissioners of the City of Las Vegas, Nevada held this 11th day of April, 1956 was called to order at the hour of 7*30 P.M. by His Honor Mayor Baker with the following members present: Mayor C.D. Baker Commissioner Wendell Bunker Commissioner E.W.Fountain Commissioner Harris P. Sharp Commissioner Reed Whipple City Manager A.H. Kennedy Asst.City Manager Robert W. Notti City Attorney Howard W. Cannon City Engineer George E.Wade City Clerk Shirley Ballinger ASSESSMENT DISTRICT The Mayor announced that this was the time and place designated for the Board of NO. 100-36 Commissioners of the City of Las Vegas, Nevada, to offer for sale, and to receive Bid Opening sealed bids and publicly open the same for the City's special assessment negotiable coupon bonds, designated City of Las Vegas Assessment District No. 100-36 Street Improvement Bonds, Series of March 1, 1956, in the aggregate principal amount of $577,145.23. Thereupon, all of said bids received were opened and are as follows: Bidder Annual Rate Premium Of Interest If Any State of Nevada 3-3/4% None State Board of Investments Commissioner Sharp introduced and moved the adoption of the following resolution which was thereupon read in full, and at length and is as follows: WHEREAS, due and legal notice has been given and published that the Board of Commissioners of the City of Las Vegas proposes to sell and invites proposals for the purchase of $577,145.23 of its Assessment District No. 100-36 Street Improvement Bonds, Series of March 1, 1956; and WHEREAS, said bids have been opened on the 11th day of April, 1956, in accordance with said notice; and WHEREAS, it appears that the bid of the State of Nevada, State Board of Investments is the highest and best bid for said bonds; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF LAS VEGAS, NEVADA: That the bid and offer of said State of Nevada, State Board of Investments, whereby said bidder agreed to purchase said bonds, bearing interest at a rate of Three and Three Quarters per centum (3-3/4%) per annum, for the principal amount thereof, accrued interest to the date of delivery, is the highest and best submitted for said issue of bonds and the same should be, and hereby is accepted, and said bonds are awarded to the said State of Nevada, State Board of Investments. It was then moved by Commissioner Sharp and seconded by Commissioner Bunker that all rules of this Board which might prevent, unless suspended, the final passage and adoption of the foregoing resolution at this meeting be and the same are hereby suspended for the purpose of permitting the final passage and adoption of said resolution at this meeting. The question being upon the adoption of said motion and the suspension of the rules, the roll was called with the following result: Commissioners Bunker, Fountain, Sharp, Whipple and His Honor voting aye; noes, none. All members of the Board of Commissioners having voted in favor of said motion, the Mayor declared said motion carried and the rules suspended. Commissioner Sharp then moved that said resolution be now placed upon its final passage and adopted. The motion was seconded by Commissioner Bunker. The question being upon the passage and adoption of said resolution, the roll was called with the following result: Commissioners Bunker, Fountain, Sharp, Whipple and His Honor voting aye; noes, none. The Mayor thereupon declared that all the Commissioners having voted in favor thereof, said motion was carried and the said resolution duly passed and adopted. ASSESSMENT DISTRICT The Mayor announced that this was the time and place designated for the Board of Com- NO. 200-17 missioners of the City of Las Vegas, Nevada, to offer for sale, and to receive sealed Bid Opening bids and publicly open the same for the City's special assessment negotiable coupon bonds, designated City of Las Vegas Assessment District No. 200-17 Sanitary Sewer Improvement Bonds, Series of April 1, 1956, in the aggregate principal, amount of $20,207.91. Thereupon, all of said bids received were opened and are as follows: Bidder Annual Rate Premium of Interest If Any State of Nevada 3-3/4% None State Board of Investments