The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-16
United STATES OF AMERICA,
STATE OF TENNESSEE.
CITY OF MEMPHIS.
AEI1Nyn nnN-n

VIII OF
IMPROVEMENT BOND.
Know all men by these presents, that
The CITY OF Memphis, a municipal cor
poration 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 one thousand $1,000 dollars
on the first day of July. .... with in
terest thereon al the rate CT ........
per cent per annum, payable semi
annually on the first days Of January
n July, upon presentation and sur
render of the coupons hereto annexed,
as they severalIy becomes due, both
principal and interest being payable in
lawful money OF the United States of
America, 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.
This bond is one of a series of bonds
of like date, tenor and effect, num-
bered from No. l upward consecutively,
issued to an amount not exceeding in
the aggregate the principal sum of two
hundred thousand S200, 000) dollars, for
third portion of the cost of improving
streets, alleys and highways under the
provisions of the front-foot assessment
law as contained in Chapter 341 Of the
acts OF the general assembly of 1907,
and amendments thereto, and for the
streets, alleys and highways OF said
ely, and for the purpose of building
sewers and drains in said city, pursu-
ant to md 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 1919.
and further pursuant to an ordinance
passed on final reading by the board
of commissioners of the City of Mem
phis on ....,....1919.
This 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 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 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 o.
Memphis, does not exceed any limit
1 pItbCt Iptu ny the SUBSTITUTION dnC
statutes of said state or charter of sale
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 tt
levy and collect, In addition to all othel
taxes authorized by law, an annualt ta1
sufficient to realize such sum as may
be necessary to pay the interest on this
bond and the principal at maturity.
This bond shall have all the quail.
ties of negotiable paper under the Law
any irregularity or defect in the pro
ceedings for the issuance and sal,
thereof, and shall be 1ncontestable il
the hands of a bona fide purchaser TO
value.
This bond may be registered as t,
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 clerl
and the date Of such registration.
This bond shall be subject to sue
cessive registrations or transfers at tn
option of the holder, After registra
L lIOft Io IAo Stldll VIC NdlIu vi
made on the books or the city cler
by the registered holder or by attorney
and similarly noted on this bond, an
thereafter the principal shall be pay
able only to such registered owner o
his legal representatives or assigns; bu
this bond may be discharged from reg
~istration by being transferred to beareI
after which it shall be transferred b
delivery. 1t may again be registere
as before at the option of the holde
The registration of the bonds as I
principal shall not restrain the nego
liability Of the coupons by deliver
merely.
!, In witness whereof, said city {
, Memphis has caused this BOND to b
/ signed by its mayor and city clerl
/ and the corporate seal of said city [
be affixed thereto, M the oupon al
tached to this bond to bear the 1.-the
, graphed signature of the mayor, an
r this bond to be dated the first day {
July, 1919.
! Mayor, City of Memphis, Tenn.
: Attest; .,...,..,.. .,,..,. City Clerk.
/, (Form Of couponl
! No.. $...,,..,,
$ On the, day of..,..,......1q.
: the city OF Memphis, state OF Tenne,
A see, will pay to bearer ...,,........
c dollars, lawful money Of the lutte
5 States. at the city hall in Memphi
Tennessee, or, at the option of Il
q holder, at the United States Mortga;
( and Trust Company, In the city al
{ state of New York, being six month
= interest then due IN Improvement boz
= Of said city dated July |. 1919.