Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1882-04-25
SOME "uuEER" PROCEEDINGS.
A Fine Lot Of state Bonds Printed
But Not Signed.
Pictures Of Governors Not Fit
Cor Circulation.
Nashville worlaN.

Nashyille World -.
Below viii be found the bid &C
cepted BY the Funding Board, the
contract, the account and receipt Of
the Franklin Bank Note CO., under
the 1908 act, as reported to the House
of Representatives:
PROPOSITION.
NKw YoRK. April ., 1881,
Hon. NJ. I. Polk, State Treasurer, and ].
n. Nolan, Comptroller;
CONFERENCE.-The will engrave the
plates for the four denominations Of
State bonds as required, complete for
$500, and win furnish book bonds,
with coupons in four sheets at $500
per thousand copies, and some with
coupons in five sheets at $40 per
thousand copies, and for baby bonds
on l4xl7 sheet at 500 per thousand
copies.
Hoping for your orders, and guar
anteeing satisfaction in quality Of
work aud time of producing, We re
main, sirs, yours, very truly,
Z. P. BAKER. Vice President.
AGREEMENT
An agreement made and entered
with on the 9Th day OF April, 1881,
between the Franklin Bank Note
Company Of the city of New York and
the State of Tennessee, represented By
Alvin Hawkins, Governor Of said
State of Tennessee, and NJ. I. Polk,
James n. Nolan and David A. Mum,
said named persons constituting a
Funding Board under an act of the
General Assembly Of the State Of
Tennessee, entitled an act to com
promise and settle the bonded indebt-
edness Of the State of Tennessee
approved April the 9th, 1881.
Said Bank Note Company agrees and
binds themselves in the sum of fifty
thousand dollars to deliver to said
Funding Board in the city of New
York, at the Office of said Bank Note
Company, or at any other place in the
said city that the said Board may des-
ignate 5000 well engraved bonds Of
the denomination of one thousand
dollars each, aud 1888 coupons on each
and every bond of said denomination;
5000 we'll engraved bonds of the de-
nomination Of FIVE hundred dollars,
with 1873 coupons attached to each and
every bond of said denomination;
1850 well engraved bonds Of the de-
nomination of one hundred dollars
each, with 1873 coupons attached to
each and every bond of said demon
nation, and 5000 well engraved
bonds Of the denomination of fifty
dollars, with 1893 coupons attached to
each and every bond Of said denomi-
nation, or SO many of each denomina-
ton as said Board may from lime 70
time order in writing or otherwise.
The character and style of said bonds
and coupons having this day been
agreed upon By the contracting par
ties, and is substantial compliance
with the act Of the 9th day Of April,
1881, as aforesaid. Said Bank Note
Company agrees and binds themselves
as aforesaid to commence to deliver
said bonds to said Funding Board on
or before the 18th day of June, 1881,
and to deliver the same from time to
time from the said 18th day of June to
the first day of September next, when
the whole amount shall have been
delivered.
The State Of Tennessee agrees and
binds herself to pay said Bank Note
Company for said bonds the sum Of
S24, $50, to be paid as the bonds are
delivered 70 proportion to the whole
amount, but if the said Board shall
ascertain that less quantity Of any
said denomination OF bonds than the
aforesaid will be sufficient to carry
out the provisions Of said act Of 1881,
then said company are only to deliver
such an amount as said Board may
order, and are to deduct for such less
amount, if any, "a cents for each
bond. but il said Board shall ascer-
tain that a greater quantity OF each
or any Of said bonds will be required
to carry out the provisions OF said
act, then said company are to have the
sum Of "a cents for each and every
bond 30 furnished over and above the
amount aforesaid.
Said bonds and coupons are 10 be
printed upon what is we'll known as
Cranes No. % bond paper.
The plates to be engraved for the
purpose Of printing said bonds shall
be retained by said Bank Note Com
pany in accordance with the laws
rules and regulations of the New
York Stock Exchange, until ordered
destroyed or defaced By the proper
authorities Of the State Of Tennessee
Witness our hands and seals the
day and date above written.
FRANKLIN BANK NoTR Co.
By Edward P. Baker,
l.. S. Vice President.
Attest