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Las Vegas City Ordinances, November 13, 1950 to August 6, 1958, lvc000015-426

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    It is hereby certified and recited that all the requirements of law have been fully complied with by the proper officers of said City in the issuance of this bond; that the total indebtedness of said City, including the indebtedness evidenced by this bond, does not exceed any limit of indebtedness pre­scribed by the constitution or laws of the State of Nevada or the charter of the City of Las Vegas; and that provision has been made for the levy, and collection of annual taxes sufficient to pay the interest on and the principal of this bond when the same become 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 on this bond. INTESTIMONY WHEREOF, the City of Las Vegas, Nevada, has caused this bond to be signed by its Mayor, countersigned by its Treasurer, sealed with its corporate seal, and attested and countersigned by its City Clerk, and has caused the annexed interest coupons to be executed with the facsimile signatures of its Mayor, City Treasurer, and City Clerk, as of the first day of December, 1955 (Do Not Sign)___________________________ Mayor Countersigned: _____(Do Not Sign)________________________ City Treasurer (SEAL) Attested and Countersigned: ______(Do Not Sign)_________________ City Clerk *(Insert proper designation of bond.) **(To be inserted in all bonds maturing on and after December 1, 1966.) ***(Insert the appropriate purpose for each bond issue in the bonds of that issue.) (Form of Coupon) No.__________* $_____________________ June, On the first day of December, 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 and State of Nevada, will pay the bearer ______________________________________DOLLARS in lawful money of the United States of America at the office of the Treasurer of the City of Las Vegas, Nevada, or at the Harris Trust and Savings Bank, Chicago, Illinois, at the holder's option, being *** (five months' interest on its ***General Obligation Sewer Bond, (or) General Obligation Police Detention (six Bond, (or) General Obligation Fire Extinguishing System Bond, (or) General Obligation Fire Alarm System Bond, Series December 1, 1955, and bearing NO.___________________________________ (Facsimile Signature)___________________ Mayor (Facsimile Signature)__________________ City Treasurer (Facsimile Signature)________________ City Clerk *(Insert "A" of ”B” as well as number of bond.) **(To be inserted in all coupons maturing on and after June 1, 1966, and attached to bonds maturing on and after December 1, 1966.) ***(The first ”B" interest coupon will evidence five months' interest. All other "B" coupons and all "A" coupons will evidence six months' interest.) ****(insert proper designation of bond.) Section 7. That when said bonds have been duly executed, the Treasurer of the City of Las Vegas shall deliver them to the lawful purchasers thereof, on receipt of the agreed purchase price. The funds realized from the sale of said bonds shall be applied solely to the respective purposes for which said bonds have been authorized, as stated in the aforesaid propositions, but the purchasers of said bonds shall be in no manner responsible for the application or disposition by said City of by any of its officers of any of the funds derived from the sale thereof. Section 8. That the interest falling due on said bonds on June 1, 1956, shall be paid out of the general fund of the City of Las Vegas, or out of any other fund that may be available for such purpose, and that for the purpose of creating a separate fund, appropriately designated, for each said issue, which fund shall be solely used for the redemption of the principal of and the interest on the bonds thereof, and any prior redemption premium due in connection therewith, there shall be levied in the year 1955, and annually thereafter, a tax on all property, both real and personal, subject to taxation within the boundaries of the City of Las Vegas, including the net proceeds of mines, sufficient to pay the interest on said bonds and to pay and retire the same as hereinabove provided; and provided further that in the preparation of the annual appropriation ordinance for the City, the Board of Commissioners shall first make proper provision through the levy of sufficient taxes for the payment of the interest on and the retirement of the principal of the bonded indebtedness of the City, and the amount of money necessary for this purpose, together with the amounts necessary for the payment of the principal of and interest on the other bonded indebtedness of the City, shall be a first charge against all the revenues received by said City. Nothing herein contained shall be so construed as to prevent the City from applying any other funds that may be in the treasury of the City and available for that purpose, to the payment of said interest or principal as the same, respec­tively, mature, and the levy or levies provided for may thereupon to that extent be diminished.