The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-02-03
TIL ME- WIS NCTMTTA Y DAILY HOME HELPS
DAILY HOME. E

Of like date, tenor and effect, numbered
from No. i upward c~onsecuttvely, Issued
to an amount not exceeding in the aK-
gregate the principal sum Of three hun
bred and seventy-five thousand (S37B,-
000.00) dollars, for the purpose OF pro-
viding funds, IN connection and by co.
operation with Shelby county, Tennes-
see, to erect M own an auditorium
and public market house, pursuant to
2 IN conformity 70 the provisions Of
general assembly Of the state Of Ten
nessee for the year 1917, n further
pursuant to an ordinance passed ON
final or third reading by the Board of
Commissioners of Memphis on.....1s1s.
This bond is issued under and pur-
The constitution and statutes Of the
state Of Tennessee. and charter Of the
said city Of Memphis, n amendments
thereto, and ordinances or proceedings
duly passed and adopted.
II is hereby certified, recited and de-
clared that all acts, conditions and
things required to be done, exist, hap
pen and be performed precedent to and
in the issuance Of this bond, have been
done, have existed and have happened,
and have been performed in regular and
due form n manner, as required by
the constitution and statutes Of said
state, and the charter OF said city, and
that this bond, together with all other
indebtedness of said city of Memphis,
does not exceed any limit prescribed by
the constitution and statutes of said
state or charter of said city.
The full faith and credit Of said city
Of Memphis is hereby pledged for the
prompt payment Of the principal and
interest of this bond, as the same shall
respectively become due.
The Board of Commissioners, or other
governing body or legislative agency Of
said city, are irrevocably pledged to
levy and collect, in addition to all other
taxes authorized by law, an annual tax
sufficient to realize such sum as may
be necessary to pay the interest on this
bond n the principal at maturity.
This bond shall have all the qualities
Of negotiable paper under the Jaw mer-
chant, and shall not be invalid for any
irregularity or defect in the proceedings
for the issuance n sale hereof, and
shall be incontestable in the hands Of
a bona fide purchaser for value.
This bond may be registered as to
principal only in the name Of the hold
er, such registry to be certified hereoH
by the city clerk and Is subject to sue
cessive registrations or transfers at the
option Of the holder Of this bond. After
registration no transfer shall be valid
unless made on the books of the city
clerk by the registered holder or by at
torney and similarly noted on the bond,
but same may be discharged from reg
~istration by being transferred t.
bearer, after which 1t shall be trans.
ferable by delivery, but it may again
be registered as before. The registra-
ton of the bonds as to principal shall
not restrain the n~egotiability Of thu
coupons by delivery merely.
In witness whereof, said city Of Mem
phis has caused this bond to be signed
by Its a and city clerk. and the
corporate seal of said city to be affixed
thereto, and the coupons attached tt
this bond to bear The autographed sig
nature of the mayor, and this bond tc
be dated the first day of January, 1919