Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-07-22
OFFICIAL.
OR DIN N O IL

- ~ ~ Il IN "a ~ ~ IL
Authorizing Issuance OF Certificate
of Indebtedness for Payments
Made for NiceIsOn and stone Pave
ments; .HfH .... ]
Be It ordained by the General Council Of the
Section i. That the Mayor be and Is hereby
authorized and required TO issue 70 each and
Oyery person, or corporation. holding the re-
ceipis Of the contractors, or Of the city. for
payments actually made upon bills or ac-
counts certified TO be correct by the City Engt-
neer. for or on account OF the paving q the
| streets and alleys Of the city with the Nicol-
son or stone peyements under the provisions
/ 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
charter and ordinances have been held by the
| Supreme Court Of Tennessee to be unconstitu-
1 tional and void, certificate OF Indebtedness,
under the seal of the city and countersignod
/ 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
mum from the date of the payment until the
time the said certificate may be redeemed BY
The city. And upon issuing the said certid-
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 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
under the preceding section, giving its mum,
Der, date. the amount Of Il, and the date and
amount of the receipt on account Of which II
| Is issued, and also the name OF the person 70
| whom the certificate is issued, and a succint
| description of the property In trent 81 whch
the paving, for which the payment shown py
| the receipt was made. was laid down, and shall
indorse on each certificate before its issuance
the word Registered, and sign Il omclaliy.
Sec. 3. The certificates. OF indebtedness 70
be issued under this ordinance shall be re-
ceived at their face value, and interest IN pay,
| ment of any tax that may hereafter be levied
by the city Of Memphis to cover tho entire
cost of the laying of the Nicolson and stone
pavements under the provisions Of the charter
and ordinances of the city. held unconstiti l.
tional and void as aforesaid. but shall not pc
| receivable for any other debt due or 70 become
due to. or for. any other tax leVled' OF 10 DC
| levied, by the city of Memphis.
See. 4. The certificates TO be issued under
this ordinance shall be substantially in the
| following form:
or order in the sum d, to bear interest
| ut the rate of six per centum per annum from
the-day of--until this certificate is re-
deemed. 1,
sions of an ordinance approved the--day
of--1873, passed in accordance with an act Of
| the Legislature approved on the oath of March,
| 1878, 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 stresIs
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; :, ll, Il.
| Witness the signature of the Mayor and the
seal of the city this-day Of,
Attest; -, City Register.
Sec. S. 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
| first reading and referred 70 Finance ana
Ways and Means Committee by Council June
| l6, 1873. .r grt,
Your Joint Finance, Ways and Means Com
mittees to whom was referred the annexed ord
nance, recommend the final passage OF the
I,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:
JOHN JOHNSON, Mayor.
Attest-L. II. RICHARDS, City Register ~, .