Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1883-04-04
No. Compromise Certificate.
Taxing District Of
Shelby County. Tennessee,
January 1, 1899.


This certihes that there is due to the order
of.:.....;.....;..... S....... with interest from
the lst day of January, 1888. This certificate
Is Issued under the seventh section Of an act
Of the General Assembly ofTennetsee, passed
March q; 1888, entitled IAN Act to empower
municipal corporal ions and taxing districts
TO compromise and fund their indebtedness.
issue bonds for the amount funded, ana tn
provide means for the payment of the same
so compromised" It hears interest at the
rate Of three per GENT for the first three years
from date, four per cent for the next three
years, and six per cent thereafter II is con-
Vertible into bonds uHder said act, when a
sufficient amount is presented, and Is re-
deemable after six years under said act. This
form Of certificate shall be prepared at once.
Autographed or engraved, and the provisions
Of the SECOND section of this ordinance shall
apply to them as we'll as to the bonds and
coupons Ia therein g prqEided inr. They shall be
District In settlement Of any fractional
amounts less than 500 that may remain uu-
seltled of ella ms audited and allowed By the
Auditing Boald, and before signing shall
each be properly noted In the bond registry
book after being passed upon by the Auditing
Board
Sec. 4. Be It further ordained, That the
Auditing Board aforesaid shall provide q
punch. and 1t shall cause every bond and
coupon and every other evidence Of indebt.
bdpess sqrrep defed To be cancelled by PUNCH
ing q hole through each and every Of such
evidence of Indebtedness, in tush manner
that the sspe cannot be used or relissued
Said Cancelled evidences Of indebtedness said
Auditing Board shall Carefully pfeserye.
aitar noting the SAND a. to amount, charao-
ter and date on bond regiatry, and books re-
quired By said act TO be kept by said board,
and turn the same over TO this board as re-
quired BY said act; which cancelled evidences
Of indebtedness shall DO safely kent by tbe
secretary Of this board until It's further order
In respect Of the game.
Sec 5. BE Il further ordained; That ths
Union and Planters Bank Of Mem hhis, shall,
for the yeRr 1903, AMI up to t6e list day
II April. 1884. be the deposHary Of ali ne
funds collected and appropriated for the pay
fient of the interest on the debt compromised
tinder the act Aforesaid. The duties and re-
sponsibilities Of said depositaTy are defined
IN the act storessid, and IL shall receive no
yytnReneetion for the services therein and
Hereby required Of Il. Said bank shall rive
bond In the Sum ofsi50, 900. with not less than
hve good and sufficient sureties 20 b ap-
proved BY thit Council, gaia 4okd 10 be con-
aitionsA az feauigen " The eleventh section
daily deposit Il said bank all moneys col.
lected By him under an act pasfed March %,
1898, entitled, IAN Act TO levy a tax on all Ire
tkIables in the taxing districts and munidi-
balities IN the State WHICH haze cam bGoml Sod
I'd 4 idhaeA,Sr msy 90, promise and fund the !
INV III March, 1888. entitled An Act To en-
poger municipal corporations and taxing dis.
iriets 10 compromise and fund their indebted.
ness, issue bonds for the amount 40 funded.
and provide means for tho RayIqubt w 't6e
5ame a. psmgF9Mbed, t9r tHe 'bayHe9t 81 the
Hnd6d. = Aud said trustee vi daily report
ldthe secretary Of this board the amounts Of
snch daily deposits. He shall also give bond
in The sum of $1,000 conditioned according To
law, for the faithful performance Of the dulles
REQUIRED Of him under said aats aud iA re IA M
to'euch ,atea atdl N,nda. 'AlF molleygarfainQ
Hoii 70 llbttionp made under the act Commonly
known "a THE fLiqHidatingi Board Act y
bNssed April d. 1881, shall be al once denosiied