Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-07-05


OF Indsbtedneaa for Payments
Made FOR N1coison and stone Pave
meats H.f.Ifr
BE Il ordained by the General Council Of the
Section i. That che Mayor be and Is hereby
authorized and required 10 Issue 70 each and
every person, or corporation. holding the 70
oeipts Of the contractors, or Of the city, for
payments actually made upon bills OF ac-
counts certified 10 be correct by the City Engi-
neor. for or on account OF the paving Of the
streets and alleys Of the city with the Nieol-
son or stone pevementS under the provlslons
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
supreme Court OF Tennessee TO be unconstitu-
tional and void. certificate Of indebtedness,
under the seal Of the city and ceunterslgned
by the Register. for the amount Of money ac-
tually paid upon such receipts, with Interest
thereon az 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 certih-
cate Of Indebtedness, the Mayor shall take up
the receipt on account Of which the same is
issued, and shall cause II 70 be cancelled and
filed as a voucher in thu, 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
sndcr tho preceding section. giving its num-
Der, date. the amount Of IL, and the date and
amount OF the receipt on account OF which II
Ia issued, aud also the namo Of the person TO
whom the certificate is issued, and 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
indorse on each certificate before is issuance
the word registered" and sign u officially.
Sec. 3 The certificates Of indebtedness TO
DO issued under this ordinance shall be re-
coived at thoir face value, and interest in pay
inent Of any tax that may hereafter be levied
by the city Of Memphis 10 cover tho entire
cost OF the laying of the Nieolson and stone
payements under the provisions ofthe charter
and ordinances of the city held unconstitu-
tional and void as aforesaid, but shall not be
receiy able for any other debt due or 10 become
due TO, OF for. any other tax levied, or TO be
ieyied. by the city q Memphis. ,.,
this ordinance shall be substantially in the
following form:
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 proyi-
sions Of an ordinance approved the-day
of--lS73, passed in accordance with an act Of
the Legislature approved on the 24th Of March,
1878. authorizing the Mayor 70 issue GER
ufcates 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 provi-
siOns of the charter and ordinances Of the
city, which have been held by the Supreme
Court to be unconstitutional. No..
Witness the signature of the Mayor and the
seal Of the city this-day Of.
a " -. Mayor.
Attest: "-. City Register.
Sec. 5. 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
6rst reading and referred 70 Finance and
Ways and Means Committee by Council June
10, 1873. ngi 1H.s1. IL .Y
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 Is. 1873. l.t
ass JOHN JOHNSON, Mayor.
Attest-L. R. RICHARDS, City Register
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