PUBLIC NOTICE
(Form of Publication of Adoption of Ordinance)
Bill No.
Ordinance No. 2012-01
(of the City of West Wendover, Nevada)
An Ordinance Authorizing the Issuance of the City of West Wendover, Nevada, Sewer Revenue Bond, Series 2012 in the Maximum Principal Amount of $2,637,000 to Pay in Part the Cost of Certain Projects, Including but not Limited to, a Sewerage Project; Providing the Forms, Terms and Conditions of the Bond and the Sale to the United States of America; Providing Other Matters Relating Thereto; and Providing for an Effective Date.
PUBLIC NOTICE IS HEREBY GIVEN, and that such Ordinance was proposed on April 3, 2012 and was passed and adopted at a meeting held on April 17, 2012, by the following vote of the City Council:
Those Voting Aye:
Bryant Blake
Charles “Roy” Briggs
Emily Carter
Johnny Gorum
Ismael Gutierrez
Those Voting Nay:
None
Those Abstaining:
None
Those Absent:
None
The Ordinance authorizes the issuance of the City of West Wendover, Nevada, Sewer Revenue Bond, Series 2012 (the “Bond”) in the maximum principal amount of $2,637,000 in order to pay all or a part of the cost to acquire, improve, construct, equip operate and maintain acquire, improve, construct, equip, operate and maintain a sewerage project within the meaning of NRS 268.714 and any undertaking within the meaning of NRS 350.360 (the “Project”). The Ordinance sets forth the details of the Bond, including, but not limited to, the maturity date, the interest rate and the terms of prior redemption thereof. The Ordinance provides the terms of registration, transfer and exchange, execution and delivery of the Bond. The Ordinance provides the form of the Bond and the use of the proceeds thereof to finance the construction of the Project and the costs of issuance of the Bond. The City makes a covenant in the Ordinance with respect to the exclusion of interest on the Bond from gross income for purposes of federal income taxation under the Internal Revenue Code of 1986, as amended. The Ordinance provides for the publication of the Ordinance in accordance with Nevada law.
This Ordinance shall be in full force and effect from and after May 9, 2012 i.e., 20 days after the publication of such Ordinance by its title, together with an adequate summary of the Ordinance.
IN WITNESS WHEREOF, the City Council of the City of West Wendover, Nevada, has caused this Ordinance to be published.
DATED this April 17, 2012.
/s/ Donnie Andersen
Mayor
Attest:
/s/ Anna Bartlome
City Clerk
Published in The High Desert ADVOCATE: April 19th, 2012.