Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-07-03

AutnOflAtuE lnhunuce o. NcEtAuchte
OF indebtedness for Payments
made for Nfeelson and stone Pave
mentsi
BE Il ordained by the General Council Of the
Section i. That the Mayor be and Is hereby
authorised aud required to Issue 70 each and
every person, or corporation, holding the TO
coipts Of the contractors, or OF the city, Tor
payments actually made upon bills or ac-
counts certified TO be correct by the City Engl-
neer. for OF on account Of the paving q the
streets and alleys Of tho city with the Niool-
son or stone pevemonts under the provisions
OF the City Charter and the ordinances Of
the city charging the cost Of such pavement
upon the property In front OF which the pave
ment was laid down. which provision. Of the
charter and ordinances have been held by the
Supreme Court of Tennessee TO be unconstitu-
tional and void, n certificate Of indebtedness,
under the seal Of tho city and ceuntersigned
by the Register, for the amount Of money &C.
tually paid upon such receipts, with interest
thereon at the rate Of six per oentum per an
mum from the date Of the payment until the
time the said certificate may be redeemed by
the city. And upon Issuing the said certih-
cate Of Indebtedness, the Mayor shall take up
the receipt on account Of which the same is
issued, and shall cause Il 20 DO cancelled and
fled as a voucher In the Office Of Comptroller.
Sec. 2. The Comptroller. shall provide and
keep we'll bound book, In which he shall
register each certificate of indebtedness issued
under the preceding section, giving It's num-
Der, date. the amount Of II. and the date and
amount Of the receipt ON account Of which II
IL issued, and also the name Of the person 10
whom the certificate Is issued, and n succint
description of the property in trent Of which
the paving, for which the payment shown by
the receipt was made, was laid down, and shall
indoTse on each certificate before It's issuance
the word registered" and sign il officially.
Sec. 3. The certificates Of indebtedness TO
be issued under this ordinance shall be re-
ceived at their face value. and interest IN pay,
q - wwamN
by the city. of Memphis 70 cover the, entire
cost Of the laying of the Nicolson, and stone
pavements under the provisions Of the charter
and ordinances Of the city. held unconstitu-
receivable for any other debt due or TO become
due to. or for, any other tax levied. or to be
levied, by the city Of Memphis.
Sec. 4. The certificates TO DO issued under
this ordinance shall be substantially in the
The city of Memphis is indebted To-
or order in the sum Of, TO bear interest
at the rate of six per centum per annum from
the--day of-until this certificate is re-
deemed.
This certificate is issued under the provi
sions Of an ordinance approved the-day
of--1873. passed in accordance with an act OF
the Legislature approved on the 24th OF March,
1878, authorizing the Mayor TO issue GER
tifcates Of Indebtedness TO persons holding
receipts for payments made for laying of the
Nic0lson and stone pavements in the streets
and alleys of the city, ana Is recelVaDle only
in payment of any tax that may be levied by
the city of Memphis to cover the entire cost of
laying the said pavements under the proyi-
sions of the charter and ordinances Of the
city, which have been held by the Supreme
Court to be unconstitutional.
Witness the signature of the Mayor and the
seal of the city this-day Of.
-, Mayor.
Attest; --, City Register
Sec. S. This ordinance shall take effect and
be in force from and after its passage.
Passed first reading and referred to Finance
Committee by Board of Aldermen; passed
first reading and referred 70 Finance and
Ways and Means Committee by Council June
10, 1873.
Your joint Finance, Ways and Means Com
mittees TO whom was referred the annexed ord
nance, recommend the final passage Of the
same as now submitted.
BIZ WHITE, JR,
Chairman Aldermen Committee.
JOHN l. NORTON,
Chairman Council Committee.
Passed second reading by Council, June %;
and passed second reading by Board Of Al
dermen June %. 1873.
Approved June 25, 1873.
JOHN JOHNSON, Mayor.
Attest--L. R. RICHARDS, City Register;
lO0-l09