The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-14
MEMPHIS SCHOOL N
SALE.

Notice is hereby given that sealed
bids VIII be received by the secretary
OF the board of education of the Mem.
phis city schools at his office in the
Goodwyn Institute building, Memphis
Ienn at IL o'clock noon Tuesday. July
1919, for the following bonds OF the
Memphis city schools, viz:
TWO hundred and fifty Thousand
t$26Q,O 0 dollars of serial coupon bonds
IN the denomination of 81, 900 each au-
thorized by chapter 42s Of the private
acts OF the general assembly OF the
state o. Tennessee for the year 1919,
ana further pursuant to an order passed
by the board Of education at its regular
meeting Monday, June ., 1919,
Ihe interest rate will be determined
In the resolution Of sale and will be
~ or 8 per centum per annum, as may
be required TO provide a bid at par,
The bonds will be prepared at the ex-
pense Of the board of education and
delivery will be made in Memphis, New
York city, or at the equivalent of New
York city at the option Of the pur-
chaser, who must state In his bid where
the delivery shall be made, Said bonds
shall be dated July 1, 1919, and shall
mature as follows, without option OF
Nos. TO Is, both inclusive, SIS, 900,
July /, 1925.
Nos. IS to 80, both inclusive, SIS, 900.
July l, 1926.
Nos, 81 to As, both inclusive. $500
July /, 1927.
Nos; IS to so, both inclusive. sl5,OOO
July l, 1928.
Nos. 81 to rs, both inclusive, SIS. 900,
July l, 1929.
Nos: IS TO 30, both inclusive, SIS, 900,
July l. 1880.
Nos. "a to los, both inclusive, SIS, 900,
July /, 1881.
Nos, 1O6 to 100, both inclusive, SIS, 900,
July 1, 1882.
Nos, 12l to 1876, both inclusive, SIS, 900,
July l, 1888.
Nos, 1856 to150, both inclusive, $500
Iuly /, 1884.
Nos. ISL to 1875, both inclusive, SIS, 900,
July J.. 1885.
Nos; lG6 70 1870. both inclusive, SIS. 900,
July /, 1885.
Nos, 1S1 to 1875, both inclusive, SIS, 900,
July ], 1887.
Nos, 1856 70 80, both inclusive, SIS, 900,
July 1, 1888.
Nos; 211 TO 225, both inclusive, SIS. 900,
July l, 1888,
Nos, 226 to $40, both inclusive, SIS, 900,
July |. 1910.
Nos. 24l to $50, both inclusive, $1,000 d.
July l. 1871.
The bonds will be registered as to
principal only at the option of the
holder, interest payable semiannually
July | and Jan. /, both principal and
interest payable in lawful money or
the United States of America in New
York city or in Memphis, Tenn, at the
option of the holder.
No bid viii be entertained which
names a price Of less than par and ac-
crued interest to date OF delivery free
of charge, charges for fees, brokerage
or other fees not enumerated in the act
and ordinance.
The board of education reserves the
right to reject any and all bids.
Each bid must be accompanied by
certified check on some Memphis bank
in the sum of four thousand ga, 0O0l
dollars, payable to the board of educa-
ton, as an unqualified guarantee Of
good faith on the part Of the bidder.
The check of the successful bidder
shall be retained by the board OF edu-
cation as and for liquidated damages
for failure Of such bidder to accept and
pay for he bonds, Checks will be re-
turned to unsuccessful bidders immedi-
ately after awarding Of bonds. The
check of the successful bidder will be
returned Immediately after the delivery
OF the bonds and will not be received
in part payment for same.
Said bonds will be sold by sealed
bids only publicly opened at time and
place above noted.
The legality OF these bonds when sold
and delivered pursuant to the terms Of
the above mentioned resolution will be
approved by Mr., John c. Thomson,
attorney, of New York city, a copy OF
whose approving opinion will be fur
nished to the Nsuccessful bidder. For
further information apply to the UNDER
signed.
This, the 10th day of June, 1919.
G. w. GARNER,
Secretary Board Of Education, Memphis
TIty Schools ATan,nhf. vNapn