The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-12-25
NO 3
NOTICE.
Annual Sale of Reve.
M nue. Notes. ..

" nue. Notes.
3tice is hereby given that sealed
will be received by C. c. Pashby,
Clerk Of Memphis. at the City Hall
FNemphis, Tenn, until 2:30 O'clock
sA4Nn., Tuesday, January 18th, 1919 for
Seven Hundred Fifty Thousand (s75O,-
,00.D0) Dollars of Revenue Notes Of the
Jity of Memphis, Tenn, series of 1919,
These notes are to be issued under
and an pursuance of the cnarter amend
nept known as Chapter 4S7 of the Pri-
Acts OF Tennessee in 1917 and
in pursuance OF an ordinance to
% passed on third n final reading
IN Haid January 7th, 1919 prior to OPEN
me- of sealed bids hereunder.
These notes will bear date of Janu-
1919 and will mature September
tst, 1919 without option of prior paw
1leit by the City Of Memphis.
The rate OF interest will be five 90
o6F centum per mum and the interest
VIII be evidenced by one coupon for
tWQ months interest due on March LIST,
1912 and one for ok months interest
Tue September LIST, 1913.
Ihese notes will be IN the denomina-
lion Of One Thousand Isl, 900. 00) Dol
|aEA each and will be numbered con-
negatively from number one to number
seven hundred fifty, both inclusive.
These notes will be payable both as
e principal and interest in lawful
money of the United states at the
pnIted States Mortgage and Trust Com
bany IN the City and State Of New
York or at the City Hall in Memphis,
Ffn.n., at the option Of the holder,
Hhese notes shall not be sold for
Is than par plus accrued interest to
Ea<e of delivery, free from all COM
nfASions and brokerage; provided how
-, that should 1t be necessary a bid
h WNX.A IA ~ vatn1R,r rt.- YaAn my I-Ila $40, 49,
ne pne hundred ($100.0O do'ars OF face
game plus accrued interest to date Of
aflIYery and free from commissions
tna brokerage, may be accepted by a
tear@fifths vote of the Board of Com
PENSIONERS.
AAAthe preparation ana sale OF these
hotes' the legal steps nave been taken
the direction OF Jno G.. Thomp-
FEM Attorney at Law, 10 Broadway,
New. York city. His full and final ap-
Sroying opinion that these notes when
OlQ and delivered pursuant to the
ems OF aforesaid legislation will Con
Fti<pte valid n Legally binding obi
se<fpns of said City Of Memphis, Ten
isHfee' will be furnished by the City
n Memphis together with Treasurer's
AfFSipt for proceeds or sale, certificate
pc Eenuineness of signatures on notes
ANttsted by the Bank of Commerce and
trust Company, Memphis, Tenn, and
asKlll transcript of proceeding by the
3oard Of Commissioners m passing or
il1Ance and selling these notes.
q These notes will be delivered in Mem
,h1s, in New York, or the equivalent
bf New York at the option of the pur-
fh&ser. Payment shall be made in Mem
bhis or New York funds. Delivery will
u made within forty-eight hours after
ale. Bidder will state point Of de-
ffefy desired. In case of New York
Eeaiyery, legal opinion wifi be delivered
lame time as notes; otherwise, with
N& days thereafter. A certified check
~ some solvent bank or trust coIn
94f& in the sum Of Seven Thousand
s1xk Hundred (S7, 500. 00) Dollars made
ABLE to the order or the City OF
4 Mis-, shall accompany the proposal
AEqod faith deposit.
The approval of the issuance II sale
H fAcse notes has been secured from
he capital Issues Committee and d
ser<{{jed copy of their opinion will ha
uf{>i<hed to the purchasers.
16> notes will be signed by the Mayor