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y , . £ E. E. B. APR 5 195 NOTICE INVITING SEALED PROPOSALS FOR TH E PURCHASE OF $8,700,000 WATERW ORKS BONDS, 1954, OF LAS VEGAS VALLEY W ATER DISTRICT. N O T IC E IS H E R E B Y G IV E N that the Board of Directors of Las Vegas Valley W ater District, situated in Clark County, Nevada, will receive sealed bids or proposals for the purchase of $8,700,000 par value W aterw orks Bonds of said D istrict at its regular m eeting place, 135 South Fourth Street, Las Vegas, Nevada, up to the hour of 10:00 o’clock A.M., Pacific D aylight Time, April 28, 1954. Said D istrict is organized and the issuance of said bonds is under and pursuant to Chapter 167, Statutes of Nevada, 1947, as amended and supplemented by Chapter 130, Statutes of Nevada, 1949, and Chapter 307, Statutes of Nevada, 1951. The objects and purposes for which the bonds are to be issued are as follow s: A. The acquisition and construction by the D istrict of facilities for the development, production; pumping, storage, transmission and distribution of water, including ( 1) the acquisition of water, w ater rights, w ater bearing lands, and the acquisition and construction of w ater wells, pumps and pum ping plants, storage facilities, transm ission and distribution lines and facilities, and the relocation of w ater transmission mains and pum ping plants or parts thereof; (2) the construction of repairs and betterm ents to, of additions to and extensions of w ater pumping, storage, transmission and distribution facilities; (3) the acquisition and construction of electric power lines and equipment for the pum ping of w ater; (4) the acquisition of all lands, easements, rights of way, works, and real or personal property con­stituting or appurtenant to or necessary or convenient for any of the above mentioned facilities; (5) the providing of funds for the operation of any of the above mentioned facilities; and (6) the payment of all incidental expenses in connection w ith such acquisition and construction; B. The payment of expenses incurred in connection with the authorization and issuance of the bonds, the payment of interest on the bonds during the period of construction of any improvements for which the bonds are voted and for six months thereafter, and repaym ent to Clark County of any amounts advanced to the District, by said County. The bonds are designated “W A T E R W O R K S BONDS, 1954,” are to be eight thousand seven hundred in number, numbered 1 to 8700, inclusive, of the denomination of $1,000 each, to be dated March 1, 1954, to be payable on March 1 in each year in the numbers and amounts set forth in the following m aturity table, to w it: Bond Numbers Inclusive Amount o f Bonds Year of Maturity l to 100 $100,000 1957 101 to 205 105,000 1958 206 to 315 110,000 1959 316 to 430 115,000 1960 431 to 555 125,000 1961 556 to 685 130,000 1962. 686 to 820 135,000 1963 821 to 960 140,000 1964 961 to 1,110 150,000 1965 1,111 to 1,265 155,000 1966 1,266 to 1,425 160,000 1967 1,426 to 1,595 170,000 1968 1,596 to 1,775 180,000 1969 1,776 to 1,960 185,000 1970 1,961 to 2,155 195,000 1971 2,156 to 2,360 205,000 1972 2,361 to 2,575 215,000 1973 Bond Numbers Inclusive Am ount of Bonds Year of Maturity 2,576 to 2,800 $225,000 1974 2,801 to 3,035 235,000 1975 3,036 to 3,280 245,000 1976 3,281 to 3,540 260,000 1977 3,541 to 3,810 270,000 1978 3,811 to 4,095 285,000 1979 4,096 to 4,390. 295,000 1980 4,391 to 4,700 310,000 1981 4,701 to 5,025 325,000 1982 5,026 to 5,365 340,000 1983 5,366 to 5,720 355,000 1984 5,721 to 6,095 375,000 1985 6,096 to 6,485 390,000 1986 6,486 to 6,895 410,000 1987 6,896 to 7,325 430,000 1988 7,326 to 7,775 450,000 1989 7,776 to 8,700 925,000 1990 Said bonds are to bear interest at a coupon rate or rates to be determined upon the sale thereof, but not to exceed six per cent (6%) per annum, payable annually for the first year and semiannually thereafter. The bonds and the interest thereon are to be payable in lawful money of the United States of America at the office of the T reasurer of said D istrict in the City of Las Vegas,-Nevada, or at any fiscal agency of the Las Vegas Valley W ater D istrict in The City of Los Angeles, California, in the City of Chicago, Illinois, or in the City of New York, New York, at the option of the holder. The bonds m aturing on or prior to March 1, 1964, shall not be subject to redemption. Bonds m aturing on March 1, 1990, may be called on March I, 1959, or on any interest payment date thereafter, and redeemed from revenues, but shall not be redeemed prior to March 1, 1964, from the proceeds of refunding bonds. 1