The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-11
NOTICE TO BIDDERS.
AUDITORIUM AND MARKET
HnITGE RONng

HOUSE BONDS.
Notice is hereby given that sealed
bids will be received by c. C. Pashby,
city clerk Of Memphis, at the city hall
in Memphis, Tenn, until 2:30 O'Clock
pm. Tuesday, July 1, 1919, for the fol-
lowing bonds Of the city Of Memphis,
Tenn, viz:
Three hundred and seventy-f five thou
sand dollars (S375, 000) Of general La
bility serial coupon bonds In the de-
nomination OF one thousand dollars
each, authorized by chapter 421 of the
private acts of the general assembly
Of the state Of Tennessee for the year
1917, and further pursuant to an ordi-
nance passed final reading Tuesday,
Feb. I, 1919.
The interest rate will be determined
in the resolution of sale and will be
-four and one-half (4h), four and three
quarters (4%), or five (5) per centum
per annum as may be required to pro-
duce a bid of par.
The bonds will be prepared at the
expense OF the city of Memphis and
delivery will be made in Memphis, in
New York city or at the equivalent of
New York city, at the option of the
purchaser, who must state In his bid
where the delivery shall be made.
Said bonds shall be dated Jan. |,
1919, and shall mature as follows, with
out option of prior redemption:
Nos. / to Is. both inclusive, $3.50 900,
Jan. /, 1895.
Nos. 16 to 30, both inclusive. SIS, 900.
Jan. i, 1926.
Nos. 81 to As, both inclusive, SIS, 600.
Nos, 46 to so, both inclusive, SIS, 900,
Jan. /, 1928.
Nos. 81 to rs, both inclusive, SIS, 900,
Nos. rs to 80, both inclusive, SIS, 900.
Jan. 1, 1880.
Nos. 81 to 105. both inclusive, SIS, 900,
Nos, 1906 to 12o, both inclusive. SIS, 900.
Nos. 12i TO 1876, both inclusive, SIS, 900,
Nos. 1876 to $50, both inclusive, SIS, 900,
Nos, 151 to 165, both inclusive, SIS, 900,
Nos, 1855 TO 1870, both inclusive, SIS, 900.
Nos. ISL to 1876, both inclusive, SIS. 900,
Nos. 1a6 to 21O, both inclusive, SIS, 900,
Nos 211 to 225, both inclusive, SIS, 900,
Jan. 1, 1889.
Nos, 226 TO 240, both inclusive, SIS, 900,
| Jan. /, 1910.
Nos, 24i to 255, both inclusive, SIS, 900,
| Jan, /, 1941. .,-ooo
Nos. 1856 to 270, both inclusive, $l5,OoO
Jan. |, 1912. rooo
Nos. 271 to 2S5, both inclusive sle'OoV
Nos. 2s6 to 300, both inclusive, $3.50
Nos, 30i to 315, both inclusive, $4,000
Nos. s16 to $50, both inclusive, $15,o 900,
Nos, 3S1 to 345, both inclusive, $3.50 900
| Jan. /. 1947. ~
Nos. 346 to $50, both inclusive, $15,0 900,
Nos. s61 to 375, both inclusive, $4,000,
| Jan. /, 1949.
The bonds will be registered as &c
principal only at the option Of holder.
Interest payable semiannually' July
and Jan. 1. Both principal and interest
payable in lawful money OF the oniteo
States of America, in Memphis or Ne"
York city, at option Of holder.
No bid will be entertained which
names a price less than par n ac-
| crued interest to date Of delivery, lree
from all charges for fees. brokerage o.
other conditions not enumerated IN the
act and ordinance. -
The city of Memphis reserves the
right to reject any and all bids.
Each bid must be accompanied ny
a certified check on some Memphis
bank in the sum Of -four thousand dol.
lars $4,000, payable to the order o.
INC CINy W R1CAiiPAiiS, 90 oh
guarantee of good faith On the par
Of the bidder. The check Of the sue.
cessful bidder shall be retained by tht
city as and for hquidated damages fol
failure of such bidder to accept ant
pay for the bonds. Checks win be re-
turned to unsuccessful bidders imme'
diately after awarding the bonds; thu
check Of the successful bidder will bt
returned Immediately after the deliv'
cry Of the bonds, and will not be re
ceived in part payment for same; ,
Said bonds will be sold by sealed bid'
only, publicly opened at time and plac'
above noted.
The legality of these bonds, wheI
sold and delivered pursuant to tn
terms of the above mentioned ord
nance, has been approved by. MI. Iohl
G. Thomson, attorney, of New York
a copy Of whose approving opinion vii
For further information apply to thu
undersigned.
This I'd day of June, 1918.
" Mayor.