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upr000102-299
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    A P P E N D IX A R ESO LU T IO N O F T H E BOARD O F D IREC TO RS O F T H E LAS VEGAS V A L L E Y W A T E R D ISTR IC T PRO VID IN G FO R T H E ISSUAN CE O F BONDS O F T H E LA S VEGAS V A L L E Y W A T E R D ISTRICT, FIX IN G TERM S AND CONDITIONS T H E R E O F AND COVENANTS R ELA T IN G TO PA YM EN T O F SAID BONDS AND T H E H AND LING O F FUN DS. W H E R E A S , pursuant to a resolution adopted on August 21, 1953, by the Board of Directors of the Las Vegas Valley W ater District a special election was duly and regularly held in said Las Vegas Valley W ater District (hereinafter referred to as “District”) on the 30th day of September, 1953, at which election there was submitted to the qualified electors of said District the following bond proposal, to w it: Shall the Las Vegas Valley W ater District incur an expense and indebtedness and issue its negotiable bonds therefor in the principal amount of $8,700,000, the purpose for which the money so raised shall be used being as follows, to w it: A. The acquisition and construction by the District of facilities for the development, produc­tion, pumping, storage, transmission and distribution of water, including ( 1) the acquisition of water, water rights, water bearing lands, and the acquisition and construction of water wells, pumps and pumping plants, storage facilities, transmission and distribution lines and facilities, and the relocation of water transmission mains and pumping plants or parts thereof; (2 ) the construction of repairs and betterments to, of additions to and extensions of water pumping, storage, transmission and distribution facilities; (3 ) the acquisition and construction of electric power lines and equipment for the pumping of water; (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 with 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 repayment to Clark County of any amounts advanced to the District by said County and W H E R E A S , said bond proposal received the affirmative vote and assent of more than a majority of the qualified electors of said District voting at said election, and said District is now authorized to issue bonds in the amount and for the purpose set forth in said proposal; NOW, T H E R E F O R E , the Board of Directors of the Las Vegas Valley W ater District DOES H E R E B Y R E S O L V E , D ET E R M IN E AND O RD ER as follows: Section 1. Amount, Issuance, Purpose and Nature of Bonds. That Bonds of the Las Vegas Valley W ater District, a public corporation situated in Clark County, State of Nevada, in the principal sum of $8,700,000 be issued and sold for the purposes stated in the bond proposal set forth in the recitals hereof. Said bonds shall constitute general obligations of said District, for the payment of which the full faith, credit and resources of the District are pledged. Said bonds shall be issued under and pursuant to Chapter 167, Statutes of Nevada, 1947, as amended and supple­mented. Section 2. Description of Bonds. Said bonds shall be in the principal amount of $8,700,000, shall be eight thousand seven hundred in number, numbered 1 to 8,700, inclusive, and shall be of the denomination of $1,000 each. Said bonds shall be designated “W A T ER W O R K S BONDS, 1954,” shall be dated March 1, 1954. The bonds shall mature and be payable on March 1, 1957 and on each March 1 thereafter, to and including March 1, 1990, in the numbers and aggregate principal amounts set opposite each year in the following maturity table, to wit: Bond Numbers Inclusive Amount of Bonds Year of Maturity 1 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 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 Section 3. Interest Rate and Place of Payment. Said bonds shall bear interest at a rate or rates to be hereafter fixed by resolution and said interest shall be payable semiannually on the first days of March and September of each year, except that the interest for the first year shall be payable in one instalment on March 1, 1955. Each bond shall bear interest until the principal sum thereof has been paid; provided, however, that if at the maturity date of any bond or if the same is redeemable and has been duly called for redemption, funds are available for the payment or redemption thereof, in full accordance with the provisions of this resolution, said bond shall then cease to bear interest. Said bonds shall bear interest at a coupon rate not exceeding six per cent C6%) per annum and shall be sold at a price which will not result in an interest yield therefrom of more than six per cent (6 %) per annum computed to average maturity according to standard tables of bond values. Said bonds shall be payable, both as to principal and interest, and as to any premiums upon the redemption thereof, in lawful money of the United States of America at the office of the Treasurer of the District in the City of Las Vegas, Nevada, or at any fiscal agency of the Las Vegas Valley W ater District 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. Section 4. Execution of Bonds. The President of said District is hereby authorized and directed to sign all of said bonds and the Secretary of said District is hereby authorized and directed to attest said bonds and to affix thereto the official seal of the District. The President and Secretary of said District are hereby authorized and directed to sign the interest coupons of said bonds by their printed, lithographed or engraved facsimile signatures. (Continued Following Map) 2