Las Vegas City Ordinances, March 31, 1933 to October 25, 1950, lvc000014-497

numbered consecutively from one upwards and to the extent such bonds are issued, maturing serially as follows: Bond Numbers Maturity Date Total 1 August 1, 1951 $ 391.96 2 & 3 August 1, 1952 32,000.00 4 & 5 August 1, 1953 $2,000.00 6 & 7 August 1, 1954 32,000.00 8 & 9 August 1, 1955 $2,000.00 10 & 11 August 1, 1956 $2,000.00 12 & 13 August 1, 1957 $2,000.00 14-17 Inclusive August 1, 1958 $4.000.00 18-21 " August 1, 1959 $4.000.00 22-26 " August 1, 1960 $5,000.00 Bonds numbered 10 to 26, both inclusive, maturing on and after August 1, 1956 are subject to redemption in inverse numerical order at the option of the City of Las Vegas on the first day of August, 1956, or on any interest payment date thereafter prior to maturity at a price equal to the principal amount thereof with accrued interest to the redemption date. Notice of redemption shall be given by the City Treasurer of Las Vegas, Nevada, in the name of the City of Las Vegas by publication of said notice at least once in each calendar week on any day of the week for at least four successive weeks prior to the redemption date in a newspaper of general cir­culation in the City of Las Vegas and a copy of such notice shall be sent by registered mail at least thirty days prior to the redemption date to the purchaser or purchasers of said bonds. Such notice shall specify the number or numbers of the bonds to be so redeemed (if less than all are to be redeemed) and the date fixed for redemption, and shall further state that on such redemption date there will become and be due and payable upon each bond so to be redeemed at the office of the City Treasurer the principal amount thereof with accrued interest to the redemption date, and that from and after such date, interest will cease to accrue. Notice having been given in the manner hereinbefore, provided, the bond or bonds so called for redemption shall become due and payable on the redemption date so designated and upon presentation thereof at the office of the City Treasurer; together with all appurtenant coupons maturing subsequent to the redemption date the City of Las Vegas will pay the bond or bonds so called for redemption. Said bonds shall be signed by the Mayor of the City of Las Vegas, and by the 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 the City. Each of said bonds shall have attached thereto appropriate coupons to evidence the installments of interest due thereon and shall bear the signature or facsimile signature of the City Treasurer. The said bonds shall be known and called "Las Vegas West Charleston Boulevard Sanitary Sewer Improvement Bonds" and shall be substantially in the following form: " UNITED STATES OF AMERICA STATE OF NEVADA LAS VEGAS WEST CHARLESTON BOULEVARD SANITARY SEWER IMPROVEMENT BONDS SERIES OF AUGUST 1, 1950 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 1st day of February, 1951, with interest thereon at the rate of _____ per centum ( %) per annum, payable semi-annually on the first days of February and August 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 August, 1956, 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 installing a sanitary sewer 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 an annual assessment 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 Au- gust , A.D. 1950. s/ E. W. Cragin_______________________ Mayor Countersigned: City Treasurer ATTEST: City Clerk