Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1873-07-07
oEEIoIAL.
Or Din A N Q H

Authorizing Issuance of Certificate
OF Indebtedness for fnyments
made for RtcOlson and stone rave
mentsi
Be Il ordained BY the General Council OF the
City OF Memphis: D,
Section /. That the Mayor be and Is hereby
authorized and REQUIRED 70 issue 70 eaSn ana ny.
ceipfs OF the contractors. or OF the city, lot
nayments actually mnde upon bills o.. ac-
counts certified to be correct by the City Engi-
neer. for or on account OF tne PaYing ~ tno
son or stone pevements 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
charter and ordinances have been held by the
supreme Court of Tennessee 10 DO unconetitu-
tional and void. certificate Of indebtedness,
under the seal of the city and countersigned
BY the Register, for tho 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 shalt cause II TO be cancelled and
filed as a voucher in the office Of Comptroller:
Sec. 2. The Comptroller shall provide and
keep a we'll bound book, in which he shall
register each certificate ofindobtedness issued
under the preceding section, giving It's num-
ber date. the amount Of 1t, 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 q 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 Us Issuance
the word registered, and sign il officially.
Sec. 3 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 be levied
by the city of Memphis 70 cover the entire
cost Of the laying Of the Nicolson and stone
pavements under the provisions Of the charter
and ordinances of the city held unconstitu-
iional 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 to be
levied, by the city Of Memphis.
Sec. 4. The certificates TO be issued under
this ordinance shall be substantially in the
following form:
or order in the sum Of, TO bear interest
at the rate of six per centum per annum from
ihe----day of--until this certificate is re-
deemed. Ia
This certificate is issued under the proyi-
sions of an ordinance approved the--day
of--1S7S, passed in accordance with an act Of
the Legislature approved on the oath of March.
1875, authorizing the Mayor to issue GER
tiicates Of indebtedness to persons holding
reCelpI LOT pdyInoutc uduo VI eA.o
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.
At,os+. Citv Reeister
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 and
Ways and Means Committee by Council June
is, 1873.
Your Joint Finance, Ways and Means Com
mittees 10 whom was referred the annexed ord
nance recommend the final passage OF the
same as now submitted.
BE WHITE, JR,
Chairman Aldermen Committee.
JOHN L NORTON.
Chairman Council Committee.
Passed second reading by Council, June q;
and passed second reading by Board OF Al
dermen June g, 1873.
Approved June Is. 1873. :,
Attest-L. r. RICHARDS, City Register: 80,