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thereof, pursuant to the powers vested in the said City of Las Vegas and the Board of Commissioners thereof by Subsection 5 of Section 31 of Chapter II of the Charter of the City of Las Vegas, being Chapter 32 of the Laws of the State of Nevada, 1911 and Acts amendatory thereof, and pursuant to the further authority granted by the General Laws of the State of Nevada, there shall be issued bonds of said City of Las Vegas designated as Las Vegas Swimming Pool bonds, series 1947-1966 in an aggregate principal amount not exceeding One hundred Sixty Thousand Dollars ($160,000.00) consisting of 160 bonds of the denomination of $1,000.00 each, bearing interest at a rate of not to exceed four per centum (4%) per annum, both principal and interest being payable at the office of the City Treasurer in any coin or currency of the United States of America which on the respective dates of payment is legal tender for the payment of public and private debts, all dated as of January 1, 1946, numbered consecutively from 1 upwards and to the extent such bonds are issued maturing serially as follows: Bond Numbers Maturity Date Total January 1, 1947 January 1, 1948 January 1, 1949 January 1, 1950 January 1, 1951 January 1, 1952 January 1, 1953 January 1, 1954 January 1, 1955 January 1, 1956 January 1, 1957 January 1, 1958 January 1, 1959 January 1, 1960 January 1, 1961 January 1, 1962 January 1, 1963 January 1, 1964 January 1, 1965 January 1, 1966 In the event that the cost of construction of said two swimming pools is less than $160,000.00 the number of bonds to be issued shall be reduced by a number equal to the last full $1,000.00 of such reduction and shall be applied to the series in the reverse order of their maturity. Interest on said bonds shall be payable semi-annually on the first day of July, 1946, and on the first days of January, and July thereafter until the principal of said bonds has been fully paid and discharged. Said bonds shall be signed by the Mayor of the City of Las Vegas, or by the Mayor Pro Tem of the City of Las Vegas, and by the City Clerk or the Deputy City Clerk of the City of Las Vegas, and shall be countersigned by the City Treasurer of the City of Las Vegas under the seal of said city, Each of said bonds shall nave attached thereto appropriate coupons to evidence the installments of semi-annual interest due thereon and shall bear the signature or facsimile signature of the City Treasurer. Said bonds and coupons shall be in substantially the form following, to-wit: