The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-28
MEMPHIS SCHOOL BONDS
SALE.

Notice is hereby, given that sealed
bids will be received by the secretary
of the board of education Of the Mem
phis. city schools at his office in the
GOODWIN Institute building, Memphis,
Tenn at u o'clock noon Tuesday, July
Memphis city schools. viz:
Two hundred and fifty thousand
($250, 600, dollars Of serial coupon bonds
IN the denomination of $L00U each au-
thorized by chapter 429 of-the private
acts of the general assembly OF the
ana further pursuant to an order passed
by the board of education at It's regular
meeting Monday, June Q, 1919.
The interest rate will. be determined
In the resolution of sale and will be
"A or per centum per annum, as may
The bonds will be prepared at the ex-
pense Of the board Of education and
delivery will be made in Memphis. New
York city, or at the equivalent of New
York city at the option of the pur-
chaser, who must state In his bid where
the delivery shall be made, Said bonds;
mature as follows, without option Of
prior redemption:
Nos. ! TO is. both inclusive, s15, 900,
July 1, 1925.
Nos. 10 TO 80, both inclusive, SIS, 900,
July /, 1895.
Nos. 81 to as, both inclusive. SIS, 900,
July /, 1927.
Mes, IS to 60, both inclusive, SIS. 900.
| July 1, 1928.
Nos, 81 to 70, both inclusive, SIS, 900,
| July I, 1929.
Nos. rs to 90, both inclusive, $751; 900,
July 1, 1880.
Nos. 81 to los. both inclusive, SIS, 900,
July /, 1881.
Nos, LOG to 120, both inclusive, SIS, 900,
July 1, 1882.
Nos, 121 to 1856. both inclusive. SIS, 900.
July I, 1888.
Nos. 1876 to $50, both inclusive, SIS, 900,
July 1, 1884,
Nos, 151 to 165, both inclusive. SIS, 900,
July 1, 1888.
Nos, 1865 to 1870, both inclusive, $l5, 900,
July l., 1886.
Nos, 1871 to 1875, both inclusive. SIS, 900,
July l, 1887.
Nos. 1876 to 40, both inclusive, SIS, 900,
July /, 1888,
Nos. al TO 225, both inclusive, SIS. 900
July /. 1899.
Nos, 226 20 go, both inclusive, SIS, 900
July /, 1910.
Nos, 24l to $50, both inclusive, $4,000
The bords will be registered as Il
principal only at the option of tn,
holder, interest payable ~semiannpally
July ! and Jan. !, both principal ant
INTEREST pdyHple III lawful money "
the United States Of America In New
York city or In Memphis, Tenn, 1t thu
option Of the holder,
No bid will b. entertained which
names a price Of less than par and ac,
crued interest TO date OF delivery fire,
Of charge, charges for fees, brokerage
or other fees not enumerated in the &C
and ordinance,
The board Of education reserves TIL,
right 10 reject any and all bids.
Each bid must be accompanied b,
certified check on some Memphis. hanIN
In the sum OF four Thousand tSA ,oc0
dollars, payable TO thu hoard cf educa
tion, as an unqualified guarantee o
gocd faith on the part Of the bidder.
The. check of the successful bidde
shall be retained BY the hoard Of edn
i cation as and for INUNDATED damage
for failure of spch bidder to accent an,
paw for the bonds, Checks viii he re
turned IN unsuccessful bidders immedi
ntely after awarding of bonds, TIL
check of the successful bidder viii h
returned immediate lv after the deliver
OF the bonds and will not be receive,
In part payment for same.
Said bonds will be sold by scale
bids only publicly openad at time an
: place above noted,
The legality OF these bonds when sol
and delivered pursuant to the terms Q
: the above mentioned resolution will b
approved nv Mr., John G. Thcmsor
attorney. OF New York city, a copy G
q nished to the successful bidder. Fo
: further Information apply to the under
. signed,
! G. w. GARNER,
: Secretary Board Of Education. Mesnphl