Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-07-14
OFFICIAL.
n Or DIN A N Q E
Issuance of Certificate
of Indebtedness for Payments
made for Ntc0IsOn and stone Pave.

thorizipg Issuance of Certificate
Of Indebtedness for Paymen ~
MADE for NtcOIsOn and stone Pave
mentsi f f.. fur
Be it ordained by the General Council Of the
Section i. That the Mayor DO and Is hereby
authorized and required TO issie TO each and
every person, or corporation, holding the re-
coipts Of the contractors, or OF the city. Tor
payments actually made upon bills or ae-
counts certified to be correct by the City Engi-
neer. for or on account of the paving Of the
streets and alleys Of the city with the Nicoi-
son or stone pevements under tho 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 provisions Of the
charter and ordinances have been held by the
Supreme Court of Tennessee to be unconstitu-
tional and void. certificate Of indebtedness,
under the seal of the city and countersgned
by the Register, for the amount OF money &C
tually paid upon such receipts, with interest
thereon at the rate of six per centum 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 certifi-
cate of Indebtedness, the Mayor shall take up
the receipt on account of which the same is
issued, and shall cause It to be cancelled and
filed as a voucher in the Office Of Comptroller;
Sec. 2. The Comptroller shall provide and
keep a we'll bound book. in which he shall
register, each certificate Of Indebtedness Issued
Der, date the amount of it, and the date and
amount of the receipt on account of which lt
is issued. and also the name OF the person 10
whom the certificate is issued, and sne lucent
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 ana of sh II 70
be issued under this ordinance shall BIO re-
ceived at their face value, and interest in pay,
ment of any tax that may hereafter BIO levied
by the city, Of Memphis to cover the 70 entire NTH,
pavements under the provisions ofthe charter
aud ordinances of the city. held unconstitd-
tional and void as aforesaid. but shall nor be
receivable for any other debt due or 70 become
due to, or for, any other tax levied. or 70 pc
levied, by the city Of Memphis. 20
Sec. 4. The certificates to BIO issued under
this ordinance shall be substantially in the
following form:
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
sions of an ordinance approved the--day
of-1S73, passed in accordance with an act OF
the Legislature approved on the 24th OF March,
1873, authorizing the Mayor TO issue GER
tifcates of indebtedness to persons holding
receipts for payments made for laying Of tho
HicOlson and stone payements 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 tho 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
Is, 1873.
Your Joint Finance, Ways and Means Com
mittees to whom was referred the annexed ord
nance, recommend the final passage OF the
'~"'' 10 ~" BIZ WHITE, JR.
" Chairman Aldermen Committee.
JOHN l. NORTON,
H Chairman Council Committee.
Passed second reading by Council. J une 2S
and passed second reading by Board OF AL
dermen June %, 1873.
Approved June Is. 1873.
JOHN JOHNSON, Mayor.
Attest-L. R. RICHARDS, City Register ,oo