Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-07-16
OFFICIAL.


. - TX ~ u ~ "A IN ~ ~
AuthorIxIBg Issuance OF Certificate
of Indebtedness for Payments
Made Tor Niceison and Stone Pave
Hnents;
Be Il ordained by the General Council Of the
Section /. That the Mayor be and is hereby
authorized and required 10 issue 70 each and
esery person, or corporation. holding me re-
ceipts of the contractors, or Of the city, for
payments actually made upon bills o.. ac-
coants 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 pevements under the, provisions
Of tho City Charter and the ordinances of
the city charging the cost of such pavement
upon the property in front OF which the pave
msnt was laid down, which provisions q me
charter and ordinances have been held BY the
Supreme Court Of Tennessee TO be uncoustitu-
tiOnal and void. certificate Of indebtedness,
under the seal Of the city and ceuntersigned
by the Register. for the amount OF money ae.
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
cate Of Indebtedness. the Mayor shall take up
the receipt on account of which the same is
issued, and shall cause II TO be cancelled and
filed MS a voucher in the Office of Comptroller;
Sec. 2. The Comptroller shall PROVIDE anu
keep we'll bound book, in which he shall
register each certificate Of indebtedness issued
under the preceding section, giving its mum.
Der, date. the amount of ii. and the date and
amount OF the receipt on account oil whlch u
10 issued. and also the name 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 It's issuance
the word registered" and sign II Ofhcially.
See q The certificates of Indebtedness TO
DO issued under this ordinance shall pc re-
ceiyed at their face value, and interest ln pay
by the city of Memphis 70 cover tbs, entire
cost of the laying of the Nicofson and stone
pavements under the provisions OF the charter
and ordinances of the city held 9neenftltIp u.
re eeivable for any other debt due or 70 become
due to, or for, any other tax levied. or to be
levied, by the city Of Memphis.
Sec The certificates to be issued under
this ordinance shall be substantially IN the
following form:
The city Of Memphis is indebted tor
or order in the sum Of, to bear interest
at the rate Of six per centum per annnm IRON on
This certificate is issued under the provi-
sions of an ordinance approved the--day
of-l873 passed in accordance with an act OF
the Legislature approved on the oath of March,
1878, authorizing the Mayor to ISSUE GER
tificates of Indebtedness TO persons holding
receipts for payments made for laying Of the
NlCOlSOn ana stone pdfomcHlb III thO, sbiSssn
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 nroyl-
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. 5. This ordinance shall take effect anu
be in force from and after its passage.
Passed first reading and referred 10 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.
Chairman Aldermen Committee.
JOHN NORTON,
Chairman Council Committee.
Passed second reading by Council. June y;
and passed second reading by Board Of AL
dsrmen June %, 1873.
Approved June25. 1873.
JOHN JOHNSON, Mayor.
Attest-L. r. RICHARDS. City Register 900