Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-06-26

Authorizing Issuance OF tortiucote
Made Tor Nfeois0n and stone Pave
mentst
DO u ordained by the General Council Of the
Section i. That the Mayor be and Is hereby
authorised and required 10 isgue 70 each and
overy person. or corporation, holding the re-
ceipts OF tho contractors. or of the city, for
payments actually made upon bills or ne-
counts certified 10 be correct by the City Engi-
neer. for or on account OF the paving Of the
streets and alleys Of the city with the Nicol-
son or stone poycmenis under the provisions
OF the City Charter and the ordinances Of
the city charging tho cost Of such pavement
upon the property in front Of which the pave
mont was laid down. which provisions Of the
charter and ordinances have been held by the
Supreme Court Of Tennessee 10 be unconstitu-
tional and void. n certificate Of indebtedness,
under the seal Of the city and eeuntersigned
by the kegister. for the amount Of money nc.
tually paid upon such receipts, with interest
thereon az the rate Of six per centum per an
mum from the date Of tho payment until the
time the said certificate may BIO redeemed by
tho city. And upon issuing the, said certif-
cate of Indebtedness. the Mayor shall take up
the receipt on account OF which tho same Is
issued, and shalt cause Il 20 be cancelled and
filed as n voucher in the ohies Of Comptroller.
See. .. The Comptroller. shall provide and
keep n well bound book, in which no shall
register each certificate Of indebtedness issued
under the preceding section, giving its NUM-
Der, date. the amount Of IL, and the date and
amount Of the receipt on account of which IL
IL issued, and also the name Of the person 10
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 its issuance
the word registered" and sign II officially.
Sec. 3 The certificates Of indebtedness TO
be issued under this ordinance shall be re-
ceived az their face value, and interestin pay,
s..H.s 80 hat 10 ffnrh a
BY the city Of Memphis 10 cover the entire
cost of the laying of the Nicolson and stone
pavements under the provisions ofthe charter
aud ordinances Of the city. held unconstitg-
tional and void as aforesaid. but shall not be
receivable for any other debt due or 70 become
due 10, or 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 DO 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
This certificate is issued under the provi-
sions of an ordinance approved the--day
of-1S73. passed in accordance with an act OF
1878. authorizing the Mayor to issue GER
tifcates of indebtedness 70 persons holding
receipts for payments made for laying OF the
NicOlson and stone pavements in the streets
anu alle4s OF INC cli9t tuu IL
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 prqyi-
sions of the charter and ordinances Of the
city, which have been held by tho 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. 8. 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
frat reading and referred 70 Finance and
Ways and Means Committee by Council June
l6. 1873. -
Your Joint Finance. Ways and Means Com
mittees TO whom was referred the annexed ord
inance, 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 q. 1873.
Approved June %. 1873:
JOHN JOHNSON, Mayor. |
Attest--L. r. RICHARDS, City Register; 80