The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-12-30
NOTICE.
Second Annual Sale of Reve.
nue. Notes.

bids Ho1 VIII be r neFeSy e by G. t g. ps seaIsd
city Clerk Of Memphis. at the City Hall
in Memphis. Tenn, until 2;3O o'clock
p. M, Tuesday, January It'll, 1919 for
Seven Hundred Fifty Thousand (s750,-
600 O) Dollars of Revenue Notes OF the
City of Memphis. Tenn. series of 1919.
These notes are to be issued under
and in pursuance OF the cnarter amend
ment known as Chapter iS7 Of the Pri-
yate Acts of Tennessee in 1917 and
further in pursuance OF an ordinance to
be passed on third ana final reading
on said January It'll, 1919 prior to open
ing of sealed bids hereunder.
These notes will bear date Of Janu-
airy 1st, 1919 and will mature September
LIST, 1919 without option of prior pay
ment by the city Of Memphis.
The rate Of interest will be five (5)
per centun per annum and the interest
Will be evidenced by one coupOn for
tWo months interest due or March LIST,
1919 and one for six months interest
due September list, 1919,
These notes will be IN the denomina-
ton of One Thousand ($1, 000. 00l Dol
lars each and will he numbered con-
secutiVely from number one to number
seven hundred fifty, both inclusive.
These notes will be payable both as
money of the United states at the
United States Mortgage and Trust Com
pany in the City and state OF New
York or at the City Hall in Memphis,
Tenn, at the option Of the holder:
These notes shall not be sold for
less than par plus accrued interest TO
date of delivery, free from all COM
missions and brokerage; provided how,
ever, that should 1t be necessary a bid
as low as ntnety-nine 1893. 00) dollars on
the one hundred Cs1O0.o 0) dollars OF face
value plus accrued interest to date OF
delivery and free from commissions
and brokerage, may be accepted by a
four-fifths vote of the Board of Com
misSioners.
In the preparation ana sale of these
notes the legal steps nave been taken
under the direction Of jno. c. Thomp-
New York city. His full and final APP
proving opinion that these notes whei
sod and delivered pursuant to the
terms Of aforesaid legislation will con
stitute valid and legaIiy binding obi
cations Of said City Of Memphis, Ten
nessee' will be furnished by the CITY
OF Memphis together with Treasurer !
recent for proceeds or safe, certificate
OF g|enuineneSs Of signatures on notes
attcSted by the Bank of Commerce ans
trust Company, Memphis, Tenn, ahe
a fuiI transcript Of proceeding by tne
Board of Commissioners IN passing or
dinance and selling these notes.
These notes will be delivered in Mem,
phis, in New York, or the equivalent
OF New YORK at the option OF the put'
chaser. Payment shall he made in Mem
phis or New York funds. Delivery VII
be made within forty-eight hours at,e'
sale, Bidder will state point OIL o9'
livery desired. In case Of New foTs
delivery, legal opinion win be dehvers'
az same time as notes; otherwise, WIN
in days thereafter, A certified eheci
on some solvent bank or trust com
nany in the sun of Seven Thousa1t
Five Hundred tS7. 500. 00l Dollars maa'
payable to the order or the CITY g,
! Memphis, shall accompany tfe proposal
as good faith deposit. !,
The approval of the issuance and sal