The states-graphic. (Brownsville, Tenn.) 1???-1984, 1916-07-28

Il (such place as may be designated b,
the purchaser) the interest being pay
able semi-annually on the first day o
4 April and the first day of Octobe
each year thereafter, until 0ctobe
Y list, 1922, when said bonds togethei
4 with the semi-annual interest Thereon
shall be paid each year thereafter al
follows, towit:
/ October LIST, 1922, Principal 81 100000
October list, 1923, Principal 81 100000
October list, 1924, Principal 100000
October LIST, 1925, Principal 81 100000
lN0ctober 1st, 1926, Principal 81 100000.
October 1st, 1927, Principal 81 100000.
October LIST, 1928, Principal S1,O0O.OO.
T0ctober LIST, 1929, Principal $1,OOO.0O.
October 1st, 1880, Principal 100000.
October LIST, 1881, Principal S1,OOO.OO.
October 1st, 1882, Principal 81 100000.
October 1st, 1888, Principal 100000.
October LIST, 1884, Principal 81 100000.
October 1st, 1885, Principal 100000.
October LIST, 1886, Principal 100000.
October 1st, 1887, Principal 81 10000.
October 1st, 1888, Principal 100000.
October 1st, 1899, Principal 100000.
October LIST, 1910, Principal 100000.
October LIST, 1941, Principal 81 100000.
October LIST, 1912, Principal 81 100000.
October LIST, 1913, Principal 81 100000.
October LIST, 1914, Principal 81 100000.
October LIST, 1916, Principal 100000.
October LIST, 1916, Principal 100000.
But the interest on each of said
bonds to be paid semi-annually on the
first day of April and the first day of
October each year until all of said
bonds and the Indebtedness provided
for in this ordinance is fully paid off
and discharged and as said bonds are
paid off they shall be properly cancel
led by the said mayor and aldermen
Of the town of Brownsville, Tennes-
see.
Section Z, Be it further ordained,
That the method of sale of said bonds
shall be by sealed bids, as follows:
The mayor shall advertise the sale
If said bonds for at least 20 days prior
% the date of the sale in the States
Graphic of Brownsville, Tennessee,
md the Daily Bond News of New
FORK City, N. Y, stating, the amount,
denomination, time to run, and rate of
interest of said bonds and the date
md the place of sale soliciting bids.
accompanied by the required deposits
IS evidence of the good faith of the
bidder.
On the date of sale as fixed herein
ne sealed bids received shall be
pened in the presence of the
oard of mayor and aldermen
he bids must be made together
nth a deposit of $25O.0O as a
uarantee of good faith and as for
eiture in case of noncompliance with
ne bid. The board of mayor and al
ermen reserving the right to accent
reject any bid if they should deem
best for the city to do so. Depos-
S of unsuccessful bidders to be re-
lrned to them.
That said bonds and interest cou-
ons, when issued, shall bear the sig
AZURE of the mayor, attested by the +
gnature of the recorder and shall
EAR the impress of the official seal of
nd municipality or the interest cou-
ms may instead bear only the litho
'apher's fac smile signatures of the
i'd officers signing said bonds.
Section 8, Be it further ordained,
nat this ordinance take effect from
d after its passage, the public well
re requiring it.
Passed First Reading, oath day of :
ne, 1916.
Passed Second Reading Goth day of :
ne, 1916.
Passed Third Reading 9th day of
ne, 1916.
June 9th, 1916.
N. B. KEATHLEY, Mayor.
A. M. CARLTON, Recorder.