The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-16

AEHeNt A0I inc year aHaHt aAAaAuAlAAAA
the said City or Memphis, among
other things, in connection and by
cooperation with the County Of
Shelby, TO erect and equip a Tuber-
culosis hospital or tuberculosis hos
pitfalls. and to issue bonds in a sum
not exceeding $500 0 for the purpose
above recited.
Whereas, the city Of Memphis is
authorized and now desires 10 proceed
with the erection and equipment Of a
tuberculosis hospital or tuberculosis
hospitals, In compliance with chapter
296 Of the private acts Of Tennessee for
the year 1919. in connection and by CO.
operation with the county Of Shelby,
which Is likewise authorized and pre-
pared, now desires to proceed with
said enterprise; the City of Memphis
accepting especially the provisions Of
said chapter 296 relating 10 the matter
of selling bonds, and the joint use for
such tuberculosis hospital or Tubercu-
losis hospitals purposes OF ground now
owned by said city and by said county
as the site for said institution or insti-
tutions; and,
Whereas, the board Of joint trustees
heretofore appointed by the board OF
county commissioners of Shelby county
and the board Of commissioners Of the
city OF Memphis, under chapters 200
and 1887 Of the private acts of the gem
eral assembly of the State OF Tennessee
for the year 1917, for the purpose OF
erecting, equipping, supporting and
maintaining and operating tuberculosis
hospital or tuberculosis hospitals, have
especially organized and qualified pur-
q to the terms of said chapter 296
to carry out all the provisions thereof;
now, therefore,
Section /. Be it ordained by the
board Of commissioners OF the City OF
Memphis, That. under and by virtue Of
the authority of the provisions of chap
ter 296 OF the private acts OF the gem
eral assembly OF the state OF Tennessee
for the year 1919. the city OF Memphis
shall issue, and the mayor and city
clerk are authorized to execute and de-
liver one hundred fifty thousand Ni50,-
00O) dollars Of bonds, that the City OF
Memphis may, in connection and by CO.
operation with the county Of Shelby,
erect and equip a tuberculosis hospital
or tuberculosis hospitals.
Said bonds shall be general liability
negotiable serial coupon bonds, payable
to bearer, and the proceeds of the sale
are TO be used solely and exclusively
for the purpose Of carrying out the pro-
visions of said chapter 2a6 In erecting
and equipping a tuberculosis hospital
or Tuberculosis hospitals In conjunction
with the county OF Shelby, and no part
Of said proceeds shall be used for any
other purpose, Provided, however, that
the expense of selling the bonds herein
provided shall be deducted from the net
proceeds, but no interest payments shall
be so deducted.
Sec. 9. BE 1t further ordained, That
said bonds shall be issued in denomina
lions Of one thousand Isl, 000) dollars
each, dated the first day of April, 1919,
bearing interest at the rate Of four and
three quarters per centum per annum
or five per centum per annum, as shall
be determined by the board OF commits
%sloners at the time OF making sale OF
said bonds hereunder; provided, how
ever, that no higher rate shall be deter
mined upon than shall be necessary to
provide a bid of par,
The interest shall be payable semi
annually on the first days OF October
and April in each and every year until
maturity.
Said bonds shall he signed by the
mayor and by the city clerk Of the City
OF Memphis. Tennessee, and the interest
coupons shall bear the Autographed sig
nature OF the mayor. ~
Said bonds may be registered as to
principal only, in the name of the
holder, such registry to be certified
thereon by the city clerk. and said
bonds as to principal only shall be like.
wise subject to successive REGISTRATIONS
or transfers at the option Of the hold
ers thereof. After registration nc
transfer shall be valid unless made or
the books of the city clerk by the
registered holder or by attorney, AND
similarly noted on the bond. But same
may, be discharged from registration
by being transferred to bearer, after
which shall be transferable by de.
livery, hut 1t may again be registered
as before, The registration OF thu
bonds as to principal shall not restrain
the n~egotiability OF the coupons BY
delivery merely.
Said bonds shall be numbered con.
secutively from number one to mum
Der hundred fifty, both inclusive
and without privilege OF prior redemp
ton, shall mature as follows;
Nos to 6 both inclusive, $4,000
April !, 1925,
Nos. Z TO. IL both inclusive, 5000
April l., 1926.
Nos, 10 to Is both inclusive, $1,000
April l, 1927.
Nos. 10 TO "a both inclusive, 5000
April I, 1928.
Nos. rs to 80 both inclusive, $4,000
April /. 1929.
Nos. 81 to IS both inclusive, $4,000
Nos, AZ to AZ both inclusive, $4,000
April T., 1881,
Nos. q to As both inclusive. $4,000
April 1, 1892.
Nos, 40 to 81 both inclusive, $4,000
April /, 1888.
Nos. So to go both inclusive, $4,000
April /, 1884.
Nos. 81 TO &c both inclusive. $4,000
April /, 1896.
Nos. 81 TO ~ both inclusive. $4,000
April /, 1886,
Nos, 70 to rs both inclusive. $4,000
April /, 1897.
Nos, 70 to 81 both inclusive, $4,000
April /, 1898.
Nos, IS to 90 both inclusive, SO, 00(
April /, 1889.
Nos. 81 TO 96 both inclusive, $4,000
April /, 1910.
Nos, 81 to l02 both inclusive, 5000
April /, 1871.
Nos, 100 to 10S both inclusive, S6,00t
April /. 1912.
Nos. 1909 to ia both inclusive. SO, oOO
April |, l943,
Nos, lis to 1870 both inclusive, $500,
April |, 1914.
Nos, l21 to 126 both inclusive, 5000
April /, 1916.
Nos. l27 to rae both inclusive, $500
: April 1, 1916.
Nos, 1873 TO 1873 both inclusive, $500
April l, ls47.
Nos. 1893 to IA both inclusive, $500
April l, 1s4S.
Nos. las 10 15o both inclusive, $500
April /, i9i9.
Said bonds and interest coupons sha
be payable at the city hall In Men
phis, Tennessee. or, at the option
the holder, at the United States Nor
gage and Trust company In the eli
and state OF New York, Said bond
both principal and interest, shall
payable In lawful money OF the Unit,
States Of America.
Sec. ;, BE It further ordained, tn,
said bonds and coupons thereto a
taohed shall be In substantially the 10
lowing form, to-wit:
UNITED STATES OF AMERICA
STATE OF TENNESSEE
CITY Of MEMPHIS
TUBERCULOSIS HOSPITAL BoNr
W NO. ,...ts $1,000
Know all men by these present
That the city Of Memphis, n municip
corporation organized and existil
under the laws OF the State of TIE
nessee, hereby acknowledges itself |
debted and promises to pay to I
bearer hereof the sum OF one thousaI
$1,000 dollars on the first day of Apr
H., with interest thereon at [
rate OF -. per cent per annum. pa
able ~semiannually on the first day
April and october, upon presentati
and surrender OF tho coupons here
annexed, as they seVerally become dl