Las Vegas City Ordinances, November 13, 1950 to August 6, 1958, lvc000015-254

SECTION 6. This ordinance shall be in full force force and effect upon its final reading and adoption, and final publication as in the next section provided. SECTION 7. The City Clerk and Clerk of the Board of Commissioners of the City of Las Vegas shall cause this ordinance to be published once a week for two successive weeks immediately following its first reading and adoption in the Las Vegas Review Journal, a daily newspaper published in the City of Las Vegas. APPROVED: s/ C. D. Baker Mayor ATTEST: s/ Shirley Ballinger City Clerk The above and foregoing ordinance was first proposed and read by title to the Board of Commissioners on the 17th day of June, 1953, and referred to the following committee composed of Commissioners Jarrett and Sharp for recommendation; thereafter the said committee reported favorably on said ordinance after amendment on the 2nd day of September, 1953, which was the regular meeting held on the 2nd day of September, 1953, that at said regular meeting held on the 2nd day of September, 1953, the proposed ordinance was read in full to the Board of City Commissioners as amended and adopted by the following vote: Voting "Aye”: Mayor C. D. Baker Commissioner Bunker Commissioner Jarrett Commissioner Sharp Commissioner Whipple Voting "Nay”: None Absent: None AFFIDAVIT OF PUBLICATION STATE OF NEVADA, ) COUNTY OF CLARK ) ss* A. F. Schellack, being first duly sworn, deposes and says: That he is Foreman of the LAS VEGAS REVIEW JOURNAL, a daily newspaper, of general circulation, printed and published at Las Vegas, in the County of Clark, State of Nevada, and that the attached was continuously published in said newspaper for a period of two insertions from September 8, 1953 to September 15, 1953 inclusive, being the issues of said newspaper for the following dates, to-wit: September 8, 15, 1953. That said newspaper was regularly issued and circulated on each of the dates above named. s/ A. F. Schellack________________ Subscribed and sworn to before me this 15th day of September, 1953 s/ Neola Gierhart________________ Notary Public in and for Clark County My Commission Expires on April l4, 1954 Nevada EMERGENCY ORDINANCE NO. 574 AN ORDINANCE PROVIDING FOR THE ISSUANCE BY THE CITY OF LAS VEGAS OF ITS NEGOTIABLE COUPON BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF $900,000.00 TO BE DESIGNATED "CITY OF LAS VEGAS, NEVADA GENERAL OBLIGATION SEWER BONDS, SERIES OF SEPTEMBER 1, 1953" PRESCRIBING THE FORM OF SAID BONDS; PROVIDING FOR THE LEVY AND COLLECTION OF AN ANNUAL AD VALOREM TAX; AUTHORIZING THE EXECUTION OF SAID BONDS; PRESCRIBING OTHER DETAILS IN CONNECTION THEREWITH; AND DECLARING AN EMERGENCY. WHEREAS, the City of Las Vegas is a municipal corporation duly organized and existing under the general statutes of the State of Nevada; and WHEREAS, at a special bond election duly called and held within the City of Las Vegas at the same time as the general city election on Tuesday the 5th day of May, 1953, the following proposal was submitted to the qualified electors of the City of Las Vegas: "Shall the City of Las Vegas issue its negotiable coupon General Obligation Sewer Bonds in the aggregate principal amount of $900,000.00, or so much thereof as may be necessary, for the purpose of defraying in part the cost of acquiring, constructing and establishing ad­ditional sanitary sewer trunk lines and interceptors to the existing municipal sewerage system, said bonds to bear interest at a rate of not more than seven percent per annum, and to mature serially in regular numerical order at annual intervals in substantially equal amounts of principal or substantially equal amounts of principal and interest, commencing not later than the year 1956 and ending not later than the year 1978, both inclusive, said bonds maturing after the year 1963 to be subject to prior redemption at the option of the City on such terms as the Board of Commissioners may determine on any interest payment date on and after ten years from the date of the bonds, said bonds to be payable from an annual general tax levy and from such other sources available therefor as the Board of Commissioners may at its option determine?” and WHEREAS, more than a majority of such qualified electors voting on said question, voted in favor of creating such debt and the issuance of such bonds; and WHEREAS, thereafter, pursuant to notice duly given in accordance with the statutes of the State of Nevada, sealed bids were received and publicly opened on the 5th day of August, 1953, for the purchase of said bonds, said bonds being sold to Schwabacher & Co., San Francisco, California, and associates, at a price