Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-07-09

a d
OF indebtedness for Payments
made for NieeIson and stone Pave
mentsi
Be Il ordained by the General Council Of the
section i. That the Mayor be and Is hereby
authorised and required 10 iasue 70 each and
eyory person. or corporation. holding the re-
ceipis Of the contractors, or Of the city. Tor
payments actually made upon bills or ac-
counts certified 10 be correct by the. City kngi-
nser. for or on account Of the paving q the
son or stone pevements under the. provisions
OF the City Charter and the ordinances Of
the city charging the cost Of such pavement
upon the PropsIty IN front Of which the pave
charter and ordinances have been held by the
Supreme Court Of Tennessee 10 be unconstitu-
tional and void, a certificate Of indebtedDess,
under the seal Of the city and ceuntersigned
by the Register, for tho amount Of money &C.
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 DO 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 voucher in the onice Of, COMPTROLLER;
Sec. 2. The COMPTROLLER shall provide and
keep n we'll 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 TO
whom the certificate Is Issued, and a 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
| indorso on each certificate before It's issuance
the word Registered" and sign II officially.
Sec. 3. The certificates Of indebtedness TO
be issued under this ordinance shall DO re-
ceived at their face value, and INTEREST," in pay;
ment Of any tax that may hereafter be levied
by the city Of Memphis 10 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-
tional and void as aforesaid. but shall not be
receivable for any other debt due or 10 become
due TO, OF for. any other tax levied, or 10 be
levied, by the city Of Memphis.
Sec. 4. The certificates to be 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 centun per annum from
deemed.
This certificate is Issued under the proyi-
sions of an ordinance approved the-day
of--lSIS, passed in accordance With an act Of
the Legislature approved on the 4th. OF March,
1873, authorizing the Mayor TO issue GER
tifcates of Indebtedness to persons holding
receipts for payments made for laying OF the
Nicolson and stone .pavements IN the stresE
10 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-
,ions Of the charter and ordi nances 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
lie in force from and after its passage.
Passed first reading and referred to Finance
Committee by Board of Aldermen; passed
first reading and referred 10 Finance and
Ways and Means Committee by Council June
is, 1878.
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.
BE 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 %. 1873:
JOHN JOHNSON, Mayor.
Attest-L. r. RICHARDS, City Register 900