Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-06-30
OFFICIAL.
o n ID IN A N o H

Authorizipg Issuance OF certlncase
of Indebtedness for Payments
made for Nicolson and btonef rave
memtai
BE Il ordained by the General Council OF the
City Of Memphis;
Section l. That the Mayor be and u hereby
authorized and required 10 issue 70 each ana
esery person, or corporation. holding the 70
coipts Of the contractors. or Of the city, ior
payments actually made upon bills OF ae-
counts certified 10 DO correct by the wy Enfl-
neor. 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 the City Charter and the ordinances OF
the city charging the cost q 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 tho
Supreme Court Of Tennessee 10 be unconstitu-
under the seal Of the city and oeuntersisned
BY the Register. for the amount Of money ac-
tually paid upon such receipts, with interest
thereon at the rate of six per centum per an
NUM- 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 y
issued and shall cause II TO be cancelled and
filed as a voucher in the office 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
Der, date. the amount of ii, and the date and
amount Of the receipt on account OF which IL
is issued and also the name OF the person 70
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, ana shall
indorse on each certificate before It's issuance
the word registered" and sign Il officially.
Sec g. The certificates of indebtedness 10
be issued under this ordinance shall be re-
ceived at their face value, and interest IN pay,
ment Of any tax that may hereafter DO levied
by the city Of Memphis 70 cover the entire
| cost of the laying of the Nicolson and stone
pavements under the provisions ofthe charter
and ordinances of the city held unconstitu-
tional and void as aforesaid. but shall not be
receivable for any other debt due or 70 become
due to, or for, any other tax levied, or 10 DC
Sac A. The certificates TO be issued under
this ordinance shall be substantially in the
following form:
or order In the sum d, to bear interest
at the rate of six per centum per annum trom
the--day of-until this certificate is re-
| deemed. .,,
sions of an ordinance approved the-day
of-lS73, passed in accordance with an ACT Of
| the Legislature approved on the oath of March,
| 1873. authorizing the Mayor to issue GER
tifcates of Indebtedness TO persons nolni N
receipts for payments made for laying Of the
| Nicolson and stone payements in the stree.s
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 tho Mayor and the
seal of the city this-day OF,
Attest. --, City Register:
Sec. S. This ordinance shall take eject 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 juno
| 16, 1873. ~. co,,,.
| mittees TO whom was referred the annexed ora
nance. recommend the final passage OF the
same as now submitted.
Chairman Aldermen Committee
JOHN l. NORTON,
Chairman Council Committee.
Passed second reading by Council, June w
and passed second reading by Board oil Al
| dermen June %, 1873.
Approved June p. 1873; o,,n,con, No..
Attest-L. R. RICHARDS. City Register; ,oo