Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1883-04-03
:, Taxing District Of
Shelby County, Teunessea.
January 19s3

- JenusFy L, 1888.
This certifes that there i, due to the order
S........., with interest froia
the lst day Of January, 1883, This eeTt 6rsts
. issued under the seventh section of Aa act
OF IN General Assembly Of Tenn Esee. paseed
daTeh 2S, 1883, nt'tled "An Act 10 eIlpowsr
municipal corport tions and taxing di,triots
70 compromise and fund their indebtedness.
provids means for the payment Of the same
so compromised. It bears interest al the
rate OF three per cent for the frat three vears
from date tour per cent for the neRt three
years, ana SIX per cent theI eater It is con-
yertiDie into bonds uRder sad ant, when a
sutheient amount lie presented, and iS re-
deemable alter six years under said At. This
ioIm OF ctrthcate shall be prepared at once,
l'tn9grsph"d or engraved and the PROV, ions
OF the second se ton OF this ordinance shall
apply to them as we'll a. TO the bonds and
coupons therein provided for. They shall be
executed BY the President Of the Taxing
district IN g. ttlement OF any frsc ionRi
amounts less than 500 that may rema0 I'M.
settled OF ola ms audited aAd allowed by the
Auditing Boa d, and befors signing shaii
each be properly noted In the bond reRistrv
pcok Itter being passed upon BY the Auditing
SEQ. 4. Be II further ordsined. Tbs, N.
Auditing Board aforesaid shall proviJs n
punch, amt 1t shall cause every bond Snd
coupon and every other evidence of indsb
edness surrer dered to be caneeled by nnnck.
| ing hole through each and every of such
2 ldence OF indebtedness, in iush manner
that the same cannot be used or ra-isansd
Said Cancelled 'evi enees Of indebtednss said
auditing Board shall carefully preserve.
after noting the same as to amlunt. cha zoe,
ter and date on bond registry, and bookt "a
OUR, by said act to be kept BIZ said board
a;.9 ma turn the same over to thil DO nd as rs.
qulted ~ SAID u: which cancelled evidences
Of indebtedness ihall be safely kant hv tbs
secretary OF this b ard until its further oJuer
in respect Of the same. " N0'
zee D. BE 1t further ordaired; That tbe
Union and Planters Bank, Of Mem hhia, shall,
dS' IN, tn? yssr ,ss lss3, and sp to the LIST day
Snap =, aap,a'i io3t, ot sne deposiia'y of ell the
Iuhdt cnlleet-d aud api ropriated for the pay,
ment OF the int rest on the debt compromissd
un ter the act afo said. The dut AZ and re-
possibilities Of sa d dspNsi aFy are deHned
IN the act afuresAid, and 1t s. al reoeiye no
cSomp e insation f'r the services therein A.
SaSS StoStSS?S iequired Of =. said bank shalt eive
oond IN the sum Of sl50. .0C0. with not less than
nVe good and Sufficient suretIes 10 he an
proved ~ THIS Council; said bond to be con.
dltioned ss required by TIE eleventh ssetfsr
of said act, and the County Iru Tee Shsil
asiy depQ'it ia said bR9k sll moneys col.
,es5 s ,sea oy a'p ~ tef an act auei March al
ioo5, entitled, An Act to levy a tax ON aiIthe
tasablss. in the tixing distriots apd mnnis
palIties IN the State which have conpr1 m sed
ana tinded,ar may go promise and fund ibs y
lhueoteoness under an act passed on The 2sd
DAY ol March, 1883, entitsd An Act To am
power municipal corporations and taxing ass
.rlctS 70 compromise and fund their ip1snted. d.
ness, issue bonds for the amount. so 6nndad
ang provide means for the payment az NV,
same as compromised for the Lsga,ent Of The
interest on the same dali az eofnpromised and
FUNDED. And 4asd trustee will daily report
70 the i isesIetaft Of this board the amounts Of
sueh daily deposits. He shall also give bond
IN the sum Of $1,000, conditioned according M
law. for the faithful performance" ef tbe dnties
required OF him pader said acts and in regard
~ sNon taxes aud funds. All moneys arising
FHin corrections made under the aet commonly
AnoWn as the LiquldatlnR Board Aet.h
Passe1 Aprll ., 1881, shall be at once deposited
IN said designated depositary by said LAND
ating Board, and any other officers coll ~ ~,
tne same, as required by law.
Sec, ?. be y turther, ordsiasd, That said de.
POsl49ary shall keen ~ Aep6sitSto the Gre lit Of
PGnu H;1,r,o 'Re AAIe{sSt account of Taxing
a,Ii,,.I:j, n,lif.t.jISj, l. sn1 Shall pay out the same
oSiy og y ~ {ae 9IdeS and under the directions
apa anon presentation and the surrenSe,
1i the vouchers therefor shall rooeiye I'M
warrant signed by two OF the PlIa and Police
I yom lnIssiGners, and the secretary shall Keen a
set account 9t the samei aud none Of the
| funds atere;Aid shall be appropriated or used
| ~ Anl hdhhVAt VI lOI any Oluer purpose but
| for the carrying out Of the compromise nei
aioresaid;, provided, That the EXPENSES oi
making the same, the bOoks, stainns. seal
| bonds and certificates, raaaiTed By said com
promise act sba,i be Paid out Of said fund. as
well sS the salary OF said Auditing Board and
the secretary thereof,as provided for in said act
Said salaries to be paid one tenth monthly.
beginning April 1, 1883, and ending February
| |, 1884.
Sec Z, Re Il further ordained That all
bends and coupons paid under the provisions
Of said compromise act shall be cancelled as
provided in this ordinance for compromised
coupons, and when oanoeled shall be safely
kept by the secretary Of this board for the in
speotion and further orders Of this board. But
before the same are Cancelled he shall, under
the supervision. of the President, note in a
book, to be called the Bond and oupon
book, the amount of each coupon, the bond
from which detached and the amount Of pay
ment.
Passed March 81, 1888,
DAVID =, MADDEN. President.
attest; CHAs. l.. PULLRN, Secretary.