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s N O T IC E IN V IT IN G S E A L E D P R O P O S A L S F O R T H E P U R C H A S E O F $8,700,000 W A T E R W O R K S B O N D S , 1954, O F L A S V E G A S V A L L E Y W A T E R D IS T R IC T . N O T IC E IS H E R E B Y G IV E N that the Board of D irectors o f Las V egas V alley 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 V egas, Nevada, up to the hour of 1 0 :00 o ’clock A .M ., Pacific D aylight Tim e, A pril 28, 1954. Said D istrict is organized and the issuance o f said bonds is under and pursuant to Chapter 167, Statutes of Nevada, 1947, as amended and supplem ented by Chapter 130, Statutes of Nevada, 1949, and Chapter 307, Statutes of N evada, 1951. T h e objects and purposes for which the bonds are to be issued are as fo llo w s : A . T he acquisition and construction by the D istrict o f facilities for the developm ent, production, pum ping, storage, transmission and distribution o f water, including (1) the acquisition of water, water rights, water bearing lands, and the acquisition and construction of water wells, pum ps and pum ping plants, storage facilities, transmission and distribution lines and facilities, and the relocation of water transmission mains and pum ping plants or parts thereof; (2) the construction of repairs and betterments to, of additions to and extensions o f water pum ping, storage, transmission and distribution facilities; (3 ) the acquisition and construction o f electric pow er lines and equipment for the pum ping o f w ater; (4) the acquisition of all lands, easements, rights o f way, w orks, and real or personal property con­stituting or appurtenant to or necessary or convenient for any o f the above m entioned facilities; (5) the providing of funds for the operation o f any o f the above m entioned facilities; and (6 ) the paym ent o f all incidental expenses in connection with such acquisition and construction ; B. T he paym ent o f expenses incurred in connection with the authorization and issuance of the bonds, the paym ent o f interest on the bonds during the period o f construction of any im provem ents for which the bonds are voted and for six months thereafter, and repaym ent to Clark County of any amounts advanced to the D istrict by said County. T h e bonds are designated “ W A T E R W O R K S B O N D S , 1954,” are to be eight thousand seven hundred in number, num bered 1 to 8700, inclusive, of the denom ination o f $1,000 each, to be dated M arch 1, 1954, to be payable on M arch 1 in each year in the num bers and amounts set forth in the follow in g maturity table, to w it: Bond Numbers Amount Year of Bond Numbers Inclusive of Bonds Maturity Inclusive of Bonds Maturity 1 to 100 $100,000 1957 2,576 to 2,800 $225,000 1974 101 to 205 105,000 1958 2,801 to 3,035 235,000 1975 206 to 315 110,000 1959 3,036 to 3,280 245,000 1976 316 to 430 115,000 1960 3,281 to 3,540 260,000 1977 431 to 555 125,000 1961 3,541 to 3,810 270,000 1978 556 to 685 130,000 1962 3,811 to 4,095 285,000 1979 686 to 820 135,000 1963 4,096 to 4,390 295,000 1980 821 to 960 140,000 1964 4,391 to 4,700 310,000 1981 961 to 1,110 150,000 1965 4,701 to 5,025 325,000 1982 1,111 to 1,265 155,000 1966 5,026 to 5,365 340,000 1983 1,266 to 1,425 160,000 1967 5,366 to 5,720 355,000 1984 1,426 to 1,595 170,000 1968 5,721 to 6,095 375,000 1985 1,596 to 1,775 180,000 1969 6,096 to 6,485 390,000 1986 1,776 to 1,960 185,000 1970 6,486 to 6,895 410,000 1987 1,961 to 2,155 195,000 1971 6,896 to 7,325 430,000 1988 2,156 to 2,360 205,000 1972 7,326 to 7,775 450,000 1989 2,361 to 2,575 215,000 1973 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 m oney o f the U nited States o f Am erica at the office of the Treasurer of said D istrict in the City of Las V egas, Nevada, or at any fiscal agency o f the Las V egas V alley W ater D istrict in T he City o f L os A ngeles, California, in the City o f Chicago, Illinois, or in the City of N ew Y ork, N ew Y ork, at the option o f the holder. T he bonds maturing on or prior to M arch 1, 1964, shall not be subject to redem ption. Bonds maturing on M arch 1, 1990, may be called on M arch 1, 1959, or on any interest paym ent date thereafter, and redeemed from revenues, but shall not be redeemed prior to M arch 1, 1964, from the proceeds o f refunding bonds. 1