The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-09

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Nos. ISL to 100, July /, 1895.
Nos. ISL to 10, July l, 1896.
Nos, III to 1870, July /, 1887.
Nos, 1871 to 1870, July l, 1885.
Nos. 19l to 200. July /, 1889.
Said bonds and interest coupons shall
be payable at the city hall in Memphis,
Tennessee, or, at the option Of the
holder. at the United States Mortgage
and Trust Company In the city and
state of New York. Said bonds, both
principal and interest, shall be payable
in lawful money Of the United States
Of America.
Sec, 8. Be it further ordained. That
said bonds and coupons thereto at
tached shall be in substantially the fol-
lowing form, to~Wit:
UNITED STATES OF AMERICA.
STATE OF TENNESSEE.
CITY OF MEMPHIS.
IMPROVEMENT BOND.
No. $1,000. 90
know all men by these presents, that
the City of Memphis, a municipal cor
poFation organized and existing under
the laws of the State Of Tennessee,
hereby acknowledges itself indebted and
promises to pay to the Bearer hereof the
sum OF n thousand ,Csl,0co dollars
on the first day of July with in
terest thereon at the rate Ct ........
per cent per annum, payable semi
annually on the first days of January
and July, upon presentation and sur
render OF the coupons hereto annexed,
as they. severally become due, both
principal and interest being payable in
lawful money OF the United States Of
america, at the city han in Memphis,
Tennessee, OF, at the option Of the
holder, at the United States Mortgage
and Trust Company, in the city and
state Of New York.
This bond is one Of a series OF bonds
nT lilo date aaa. A.l Re- n
Tered from No. ] upward consecutively,
issued TO an amount not exceeding in
the aggregate the principal sum of two
hundred thousand N200, 000) dollars, for
the purpose of defraylng the city's one
third portion Of the cost of improving
streets, alleys and highways under the
provisions of The front-foot assessment
law as contained in Chapter 34l of the
acts Of the general assembly OF 1907,
and amendments thereto, and for the
purpose of otherwise improving the
streets, alleys and highways OF said
city. and for the purpose of building
sewers and drains in said city, pursu-
ant to and in conformity to the pro-
visions Of Chapter 7S9 Of the private
acts Of the general assembly Of the
state OF Tennessee for the year 1913,
and further pursuant to an ordinance
passed on final reading by the board
OF commissioners of the city of Mem
PMS on ,.,...... 1919.
ihis bond Is issued under and pur-
suant to and In strict conformity with
the constitution and statutes of the
state OF Tennessee, and charter of the
said City OF Memphis. and amendments
thereto, and ordinances or proceedings
duly passed and adopted.
1t IL hereby certified, recited and de-
clared that all acts, conditions and
| things required to be done. exist, ham
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
aud due form and manner, as required
| by the constitution and statutes OF the
said state and the charter Of said city,
and that this bond, together with ali
other Indebtedness OF the 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 o
said city, are irrevocably pledged tc
levy and collect, In addition to all othel
taxes authorized by law, an annual ia,
sufficient to realize such sum as may
be necessary to pay the interest on THU
bond the principal at maturity.
This bond shall have all the quail
ties of negotiable paper under the Law
merchant, and shall not be invalid 70
any ~irregularity or defect in the pro
ceedings for the issuance and sal
thereof. and shall pe lncontestable /,
the hands OF a bona fide purchaser 70
value.
This bond may be registered as I,
principal only In the name of the holder
and the name of the registered holde
hereof shall be placed In the registra
ton clause on the back hereof, togethe
with the signature or the city clerI
and the date OF such registration.
This bond shall be subject to sue
cessiye registrations or transfers at IN
option OF the holder. After registra
ton no transfer shall be valid unles
made on the books OF the city cler
by the registered holder or by attorne,
and similarly noted ON this bond, an
thereafter the principal shall be pay
able only to such registered owner q
his legal representatives or assigns; bu
this bond may be discharged from reg
tstration by being transferred TO beare'
after which II shall be transferred b
delivery. II may again be registere
as before at the option OF the holdet
, The registration OF the bonds as +,
d Irincipal shall not restrain the negc
, liability OF the coupons by deliver
u merely.
y In witness whereof, Raid city g,
y Memphis has caused this bond to |
: signed by Its mayor and city clerI
y and the corporate seal OF sald city
y be affixed thereto, and the coupons a
taehed to this bond TO bear the litht
graphed signature OF the mayor, al
this bond to be dated the first day
July, 1919,
Mayo. city Of Memphis. Tenn.
n Attest; ....,r .,. city Clerk.
Il Form OF coupon
Mo-. S........
III On the. day Of. ...,..,. 10. =.
a the city Of Memphis. state OF Tenne
n Tee. will pay 10 bearer ,.-......,...
dollars, lawful money Of the Unit,
States. at the city hall in MemphI
Tennessee. or, at the option OF ii
II holder, at the United States NortgaI
n Trust Company. IN the city al
state of New York, being six month
interest then due on Improvement bol
Of said city dated July !. 1918.
\ .,.,ta....r,,.-...t.t,
ID Mayor.
te form for feKistration,l
I'd Notice No writing sn this bond G
ty Cept by an officer OF the city.
Date of Name Of Reg. City
ID Repatriation tstercd Owner Clerk.
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