Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-07-01
OFFICIAL.
o IL ID 1 N a N CE'
Aushorfuing Issuance OF osrtileate
OF Indebtedness for Payments
Made for NieeIson and stone rave
mentss ItNLI INIAIAA ID

AufhorininE Issuance OF cers.ne.s.s y
OF Indebtedness for fnymcn.s
Made for NieeIson aud stone rave
nentss IlfLI INIAIA A -
Be Il ordained by the General Council Of the
Section i. That the Mayor be and Is hereby
authorised and required TO issue 20 each ana
every person, OF corporation. holding the re-
ceipts OF the contractors, or OF the city' ~
counts certified 10 be correct By the City Engi-
noor. for or on account Of the paNing ot the
streets and alleys Of the city with the hicol-
son or stone pevemenn under the provision
Of the City Charter and the ordinances o
upon the properly IN front Of which the pave
ment was laid down, which provisions Of the
charter and ordinances have been held ~ the
Supreme Court OF Tennessee TO be unconstitu-
tional and void. certificate Of indebtedness,
under the seal Of the city and ceuntersigncd
BY the Register, for tho amount Of money &C.
tually paid upon such receipts, with interest
thereon at the rate Of six per centum per an
time the said certificate may be redeemed By
the city. And upon issuing the said certih-
cate Of Indebtedness. the Mayor shall take NJ
the receipt on account OF which the same !.
filed rs a voucher In the Office Of Comptroller.
Sec. 2. The Comptroller shall Provide and
keep well bound book, In which he shall
register each certificate Of Indebtedness issued
under the preceding section, giving rs mum,
Der, date. the amount Of II, and the date and
amount Of the receipt on account OF which II
is issued, and also the name OF the person 10
whom the certificate Is issued, and suecinl
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
indorse on each certificate before its issuance
the word Registered" and sign u officially.
Sec. 3. The certificates Of indebtedness to
be issued under this ordinance shall be re-
oo;,rad 90 THAR faoa wilma. and iutareat in nav
ment Of any tax that may hereafter be levied
by the city of Memphis 70 cover the. entire
cost Of the laying Of the Nicolson and stone
payements under the provisions OF the charter
and ordinances Of the city held unconstitu-
tional and void as aforesaid. but phall not be
receivable for any other debt due or TO become
due 10, or for, any other tax levied, or to be
levied, by the city Of Memphis.
Sec. 4. The certificates 70 be issued under
this ordinance shall be substantially in the
The city Of Memphis is indebted Tor
or orderin the sum d., 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 proyi-
sions of an ordinance approved theWday
of-1S73. passed in accordance with an act Of
the Legislature approved on the oath Of March,
1878, authorizing the Mayor 70 issue GER
tificates of indebtedness TO persons holding
receipts for payments made for laying of the
NicOlsOn and stone pavements IN the streets
and alleys Of the city. and is receivable 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,
Attest: --, City Register.
Sec s. This ordinance shall take effect and
be in force from and after its passage. au
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
l6, 1873. 5- -.
Your Joint Finance, Ways and Means Com
mittees to whom was referred the annexed ord
nance, recommend the final passage OF tho
same as now submitted. ..l "a
rF Chairman Aldermen Committee.
Ir-7I JOHN l. NORTON, 70
Chairman Council Committee.
Passed second reading. by Council, June ~
and passed second reading by Board OF Al
dermen June %, 1873. W f.l 2. tla
Approved June Is. 1873. qts3i
JOHN JOHNSON, Mayor.
Attest-L. r. RICHARDS. City Register:
MIMI :. lV2-lyg