The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-23
L NOTICE.
SCHOOL BONDS
SALE.
NOTICE.

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 IL o'clock moo Tuesday, July
/, 1919, for the following bonds of the
Memphis city schools, viz:
Two hundred and fifty thousand
($250, 000l dollars of serial coupon bonds
in the denomination of 81, 900 each au-
acts Of the general assembly Of the
state of Tennessee for the year 1919,
and further pursuant to an order passed
by the board Of education at it's regular
meeting Monday, June 3, 1919.
The interest rate will. be determined
in the resolution of sale n will be
Az or 5 per centum per annum, as may
be required to provide a bid at par.
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
shall be dated July ], 1919, and shall
mature as follows, without option Of
prior redemption:
July /, 1925.
Nos. IS to 30, both inclusive, SIS, 900,
July l, 1896.
Nos. 81 to As, both inclusive, $15,O 900,
July l, 1927.
Nos, As to 60, both inclusive, SIS, 900,
July /, 1928.
Nos. 81 to rs, both inclusive, SIS, 900,
July l, 1929.
Nos. 76 to 80, both inclusive, $15,O 900,
July l, 1890.
Nos. 81 to 1O5. both inclusive, $751; 900,
July /, 1881.
Nos. log to 1870, both inclusive, SIS, 900,
July 1, 1882.
Nos. 121 to 1876, both inclusive, SIS, 900,
July /. 1888.
Nos. 1876 to $50, both inclusive, $4,000.
July /, 1884.
Nos. Isl to 1865, both inclusive, SIS, 900,
July !, 1886.
Nos. 1866 to, 1870, both inclusive, SIS, 900,
July /, 1886
Nos. 1S1 to 1876, both inclusive. SIS, 900,
July 1, 1887.
Nos. 1876 to 210, both inclusive. $50 900,
July /, 1888.
Nos. 211 to 225, both inclusive, SIS, 900,
Nos. 226 to 24o, both inclusive, SIS, 900,
July 1, 1S40.
Nos. 24l to $50, both inclusive, $40, 900,
July /, 1941.
The bonds will be registered as to
principal only at the option Of the
holder, interest payable ~semiannually
July 1 and Jan. !, both principal and
interest payable in lawful money of
the United States of America in New
York city or in Memphis, Tenn, at the
option of the holder.
No bid will be entertained which
names a price of less than par n &C.
crued interest to date of delivery free
Of charge, charges for fees. brokerage
or other fees not enumerated in the act
n ordinance,
The board OF education reserves the
right to reject any and all bids.
Each bid must be accompanied by
certified check on some Memphis bank
in the sum of four thousand $4,000
dollars, payable to the board of educa-
ton, as an unqualified guarantee Of
good faith on the part of the bidder.
shall be retained by the board of edu-
cation as and for l~iquidated damages
for failure of such bidder to accept and
pay for the bonds. Checks Will be re-
turned to. unsuccessful bidders immedi-
ately after awarding of bonds. THE
check Of the successful bidder will be
returned Immediately after the delivery
Of the bonds and will not be received
In part payment for same.
Said bonds will be sold by sealed
bids only publicly opened at time ant
place above noted.
The legality OF these bonds when solo
and delivered pursuant to the terms o.
the above mentioned resolution will bt
approved by Mr.. John c. Thomson
attorney. of New York city, a copy o
whose approving opinion will be fur
nished to the successful bidder. Fol
further information apply to the under.
signed.
This, the 10th day of June, 1919.
G. ". GARNER,
Secretary Board of Education, Memphis
City Schools, Memphis. Tenn.