(Form for Publication of Notice of Deposit of an Ordinance) Bill No.
Ordinance No. 2014-01
An Ordinance Providing for the Issuance by the City of West Wendover of its General Obligation (Limited Tax) Medium-Term Bonds, Series 2014 for Purpose of Acquiring, Constructing, Improving and Equipping a Building Project; Providing Covenants, Agreements and Other Details Concerning the Bonds, the Project and General Tax Proceeds; Ratifying Action Previously Taken and Pertaining to the Foregoing by the City and its Officers and Employees; and Providing Other Matters Relating Thereto.
PUBLIC NOTICE IS HEREBY GIVEN that an adequate number of typewritten copies of the above-entitled Ordinance have been deposited with the City Clerk of the City of West Wendover and are available for public examination and distribution upon request at the office of the City Clerk of the City of West Wendover, at his office in City Hall, 1111 N. Gene L. Jones Way, West Wendover, Nevada, and that such Ordinance was proposed on May 6, 2014, and will be considered for adoption at a regular meeting of the City Council of the City of West Wendover on May 20, 2014.
The following is a brief summary of the provisions of the Ordinance proposed on May 6, 2014. The Ordinance authorizes the issuance of the City of West Wendover, Nevada, “City of West Wendover, Nevada, General Obligation (Limited Tax) Medium-Term Bonds, Series 2014” in the aggregate principal amount of not to exceed $2,100,000 (the “Bonds”) in order to finance the cost to acquire, improve, construct and equip a building project as defined in NRS 268.676 (“Project”). The Ordinance sets forth the details of the Bonds, 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 de- livery of the Bonds. The Ordinance provides the form of the Bonds and the use of the pro- ceeds thereof for the acquisition, construction, improvement and equipment of the Project and the costs of issuance of the Bonds. The City makes a covenant in the Ordinance with respect to the exclusion of interest on the Bonds from gross income for purposes of federal income taxation under the Internal Revenue Code of 1986, as amended to the date of delivery of the Bonds. The Ordinance provides for the publication of the Ordinance in accordance with Nevada law.
/s/ Anna Bartlome City Clerk
(End of Form of Publication)
Published in the High Desert ADVOCATE May 8th, 2014