The news scimitar. (Memphis, Tenn.) 1907-1926, 1918-12-21
LEGAL NOTICES.

1919 and one for six months interest +,
due September lst. 1919.
These notes will be IN the denomiua-
ton Of One Thousand Isl, 00O0 COZ Dol
lars each n will be numbered con
secutiveiy from number one to number
seven hundred fifty. both inclusive.
These notes will be payable both as
to principal n interest in lawful
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, 1T the option OF the holder.
These notes shall not be- sold for
less than par plus accrued interest to
date Of delivery, free from ali com
missions and brokerage; provided how
ever, that should II be necessary a hid
as low as ninety-nine $685. O) dollars on
the one hundred ($l00.0 U) dollars Of face
yaIoe plus accrued interest to date Of
delivery and free from commissions
and brokerage, may be accepted by a
m~issioners.
In the preparation ana sale of these
notes the legal steps nave been taken
under the direction Of Jno. c.. Thomp-
son, Attorney at Law, 40 Broadway.
New York city. His ruIl and final ap-
proving opinion that these notes when
sold and delivered pursuant to the
terms OF aforesaid legislation will Com
stitute valid and Legally binding ohii-
cations of said City of Memphis, Ten
nessee" will be furnished by the CITY
OF Memphis together with Treasurer'Sl,
receipt for proceeds or sale, Certificate
OF genuineness of signatures on notes
atIested by the Bank of Commerce and
trust Company, Memphis, Tenn, and
a full transcript of proceeding by the
Board OF Commissioners IN passing or
dlnance n selling these notes.
These notes will be delivered in Men,,
pHlS; IN New York, or the equivalent
III FNANF HnrlE of tho
chaser, Payment shall be made in Mem
PMS or New York funds. Delivery will
De a within forty-eight hours after
sale. Bidder will state point of de-
livery desired, In case of New York
delivery, legal opinion will be delivered
at same time as notes; otherwise, with
IN 4 lays thereafter, A certified check
on some solvent bank or trust com
panY in the sum of Seven Thousand
Five, Hundred tS7. 10000 Dollars made
payable to the order or the City of
Memphis, shall accompany the proposal,
as good faith deposit.
me approval of the ISSUANCE and sale
OF these notes has been secured from
the Capital Issues Committee and 4
certified copy of their opinion will be
furnished to the purchasers.
The notes will be signed by the Mayor
ana the City Clerk and the attached
interest coupons will bear the facsimile
signatures of said officers.
The notes will be impressed with the
seal of the City.
These notes will, under ordinance au-
thorizing them, be sold only by sealed
bid at time and place advertised.
Bidders may submit an alternate bid
for delivery at deferred dates; nro-
Vided that not less unan two hundred
Of said notes shall be taken and paid
for by January 18th, 1913, INC that not
less than 200 additionar notes shall be
taken and paid for every thirty days
thereafter, n provided further tha
said bidder shall state In mis- bid the
base rate which the proceeds will cost
the city Of Memphis tnat comparison
may be had WITH bid ror spot deliv-
cry.
The right is reserved to reject any
and all bids.
The full faith and credit Of the City
Of Memphis will be pledged for the
cipal and interest of these notes az tho
same respectively become due, and any
legal holder Of same will be entitled
to enforce his rights by legal process.
The proceeds of these notes will be
deposited with the City Treasurer and \
will be used for n n all purposes
for which it is proper TO levy taxes up
Memphis, except for payment Of prin-
cipal and interest on the bonded debt
of the City, but the purchaser will not
be required to see to such application
| and the receipt Of the said treasurer
shall be a full acquittance to such pur-
chaser.
For further Information apply to the
undersigned.
Done at Memphis. Tennessee, this
10th day of December, 1918.
+. l.. MONTENEGRO, Mayor.
| Attest: C. c. PASHBY, City Clerk.