Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-07-08
OFFICIAL.
or IN A N q H

Authorining Issuance of Certificate
OF Indebtedness Tor Payments
made for NfcolnOn and stone Pave
memtat
Do II ordained by the General Council Of the
City Of Memphisi
Authorized and required 10 issue 10 each and
every person, or corporation, holding the re-
oeipts Of the contractors, or OF the city, Tor
payments actually made upon bills or ae-
counts certified 10 be correct by the CITY Engi-
streets and alleys VI the city with the Nicol-
son or stone 9syements under the provisions
OF the City Charter and the ordinances OF
the city eharging the cost Of such pavement
ment was laid down. which provisions OF the
charter and ordinances have been held by the
Supreme Court Of Tennessee to be unconstitu-
under the seal Of the city and ceuntersigned
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 certih-
cate Of indebtedness, the Mayor shall take up
the receipt on account Of which the same is
issued, and shall cause II 10 be cancelled and
filed as a voucher in the Office Of Comptroller.
See. 2. The Comptroller shall provide and
keen n 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 1t, and the date and
amount Of the receipt on account of which It
is issued. and also the name OF the person TO
whom the certificate Is issued, and a succint
description Of the property in front 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 il officially.
Sec. 8. The certificates Of indebtedness to
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 e cover the entire a,tIs
pavements under the provisions fthe 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 be
levied, by the city Of Memphis.
Sec. A. The certificates 70 be issued under
this ordinance shall be substantially in the
following form:
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
the-day of-until this certificate is re-
deemed.
This certificate is issued under the provi-
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
receipts for payments made for laying OF the
Nicolson and stone pavements in the, streets
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 the Mayor and the
seal of the city this--day Of,