Las Vegas City Ordinances, November 13, 1950 to August 6, 1958, lvc000015-529

AN ORDINANCE CONCERNING CERTAIN LICENSE TAXES FIXED AND IMPOSED UPON HOTELS, MOTELS AND UPON GAMING, BY ASSIGNING SUCH TAXES TO TOE COUNTY OF CLARK FOR THE PAYMENT OF THE PRINCIPAL OF AND INTEREST ON THE CLARK COUNTY, NEVADA, GENERAL OBLIGATION PUBLIC BUILDING AND RECREATION BONDS, SERIES JANUARY 15, 1957; AND DECLARING AN EMERGENCY. WHEREAS, the City of Las Vegas, in the County of Clark and State of Nevada, is a municipal corporation duly organized and existing under Chapter 152, Statutes of Nevada, 1911, as from time to time amended; and WHEREAS, the County of Clark has issued its Clark County, Nevada, General Obligation Public Building and Recreation Bonds, Series January 15, 1957, in the principal amount of $4,500,000,00, payable from general (ad valorem) taxes levied and collected by the County, also payable from the new revenues derived by the operation of the County's exposition and convention hall building and other recreational facilities of the County operated and maintained by the County Fair and Recreation Board of Clark County and being acquired with the proceeds of the designated bonds, also payable from the net revenues derived by the County from certain license taxes fixed and imposed for revenues by the County upon designated operators of hotels and motels and of gaming located and situated outside the limits of in­corporated cities within the County, and also payable from the net revenues derived from similar license taxes fixed and imposed for revenue by incorporated cities upon designated operators of hotels and motels and of gaming therein and made available for the payment of said bonds; and WHEREAS, the City fixed and imposed license taxes for revenue upon hotels and motels and upon gaming by Ordinance No. 734, passed and approved the 1st day of February, 1957; and WHEREAS, those taxes were levied by the City for the purpose of being made available and being used for the redemption of said bonds; and WHEREAS, due to the necessity of immediately making available for the payment of the principal of and interest on said bonds the revenues derived by the City from the license taxes herein designated, the Board of Commissioners of the City has determined, and does hereby declare, that an emergency exists, requiring this ordinance to take effect from and after its passage and publication in accordance with law, NOW, THEREFORE, TOE BOARD OF COMMISSIONERS OF THE CITY OF LAS VEGAS DO ORDAIN: Section 1. That the proceeds derived from the license taxes levied and collected by the City of Las Vegas pursuant to Ordinance No. 734, passed and adopted the 1st day of February 1957, are hereby assigned to the County of Clark, and made available, for the redemption of the Clark County, Nevada, General Obligation Public building and Recreation Bonds, Series January 15, 1957, exclusive of the costs of administration provided for by Section 7 of Ordinance No, 734 in an amount not to exceed ten per centum (10%) of the gross revenue collected. Section 2. That the Board of Commissioners has expressed in a preamble to this ordinance the existence of an emergency and the reason therefor, and it is hereby declared that an emergency exists and that this ordinance is necessary for the immediate preservation of the public peace, health and safety. Section 3. That 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 final reading and adoption in the Las Vegas Morning Sun, a daily newspaper published in said City, and this ordinance shall become effective immediately following the second publication thereof. The Commissioners voting in favor of the adoption of the foregoing ordinance were as follows: Those Voting Aye: Commissioners Fountain, Sharp, Whipple and Mayor C. D. Baker Those Voting Nay: None Absent: Commissioner Bunker PASSED, ADOPTED AND APPROVED, this 5th day of June 1957, s/ C. D. Baker Mayor (SEAL) Attest: s/ Shirley Lodwick City Clerk AFFIDAVIT OF PUBLICATION COUNTY OF CLARK ) STATE OF NEVADA,) ss. ANTHONY CINA, being first duly sworn, deposes and says: That he is Foreman of the LAS VEGAS MORNING SUN, 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 weeks from June 8, 1957 to June 15, 1957 inclusive, being the issues of said newspaper for the following dates, to-wit: June 8, 15, 1957. That said newspaper was regularly issued and circulated on each of the dates above named, s/ Anthony Cina Subscribed and sworn to before me this 15th day of July,1957. s/ Barbara J. Greenspun NOTARY PUBLIC IN AND FOR CLARK COUNTY, NEVADA. My Commission Expires Mar. 17, 1960, EMERGENCY ORDINANCE NO. 744