Las Vegas City Ordinances, March 31, 1933 to October 25, 1950, lvc000014-377

UNITED STATES OF AMERICA STATE OF NEVADA LAS VEGAS SEWAGE DISPOSAL BONDS SERIES OF MAY 1, 1948 No. ___ $1,000.00 The City of Las Vegas, in the County of Clark, State of Nevada, for value received, hereby acknow­ledges itself indebted and promises to pay to bearer the sum of ONE THOUSAND DOLLARS ($1,000.00) on the first day of May, A. D. 19 , with interest thereon at the rate of per centum ( %) per annum, payable semiannually on the first days of May and November in each year upon presentation and surrender of this bond and the attached coupons as they severally become due, both principal and interest being payable at the office of the City Treasurer of the City of Las Vegas in Las Vegas, Nevada, 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. "*(This bond is subject to redemption at the option of the City of Las Vegas on the first day of May, 1953, or on any interest payment date thereafter at a price equal to the principal amount thereof with accrued interest to the redemption date. Redemption shall be made upon not less than thirty days' prior notice by publication in a newspaper of general circulation in the City of Las Vegas in the manner and upon the conditions provided in the ordinance authorizing the issuance of this bond.) "This bond is one of a series of bonds of like tenor issued by the City of Las Vegas for the purpose of constructing a sewage disposal plant as part of and in connection with the sewerage system of said City, for the use of the City of Las Vegas and its inhabitants and for defraying the cost thereof under the authority of the Charter of said City and of an ordinance duly enacted pursuant thereto by the Board of Commissioners of the City of Las Vegas, Nevada. It is hereby certified that all acts and things required to be done and all condi­tions and things required to exist precedent to and in the issuance of this bond to render the same lawful and valid have happened, been done and performed and did exist in regular and in due form and in every manner as required by law and that the total indebtedness of the City of Las Vegas including the indebtedness evidenced by this bond does not exceed the statutory or constitutional limitations under the constitution and laws of the State of Nevada and of the Charter of the City of Las Vegas, and it is further certified and recited that provision has been made for the levy and collection of annual tax sufficient to pay the interest on this bond and to discharge the principal thereof when and as the same severally becomes due. "The full faith and credit of the City of Las Vegas are hereby pledged for the punctual payment of the principal of and the interest upon this bond. "IN WITNESS WHEREOF, the City of Las Vegas has caused this bond to be signed by its Mayor and by its City Clerk and countersigned by the City Treasurer under the seal of the City of Las Vegas, all this first day of May, A. D. 1948. Countersigned: City Treasurer ATTEST: City Clerk "*(To be inserted in bonds numbered 176 to 350, both inclusive, maturing on and after May 1, 1954) "(Form of Coupon) No. _____ $ May "On the first day of November, A. D. 19 *(unless the bond to which this coupon is attached has been called for prior redemption) the City of Las Vegas in the County of Clark, State of Nevada, will pay the bearer __________________________Dollars at the office of the City Treasurer in Las Vegas, Nevada, in lawful money of the United States of America, being six months' interest on its Sewage Disposal Bonds, Series of May 1, 1948. Bond No. ______(Facsimile Signature)___________ City Treasurer "*(To be inserted in coupons maturing after May 1, 1953 attached to bonds numbered 176 to 350, both inclusive.)" Section 3. That Section 7 of said Emergency Ordinance No. 353 adopted by the Board of City Commis­sioners of Las Vegas on the 23rd day of April, 1948, be and the same is hereby amended to read as follows, to-wit: "Section 7. The principal and interest falling due on said bonds on May 1, 1949 and the interest falling due on November 1, 1949, shall be paid out of the general fund of said City, or any other funds that may be available for such purpose, and there shall be levied in the year 1949 on all property both real and