The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-11
MEMPHIS SCHOOL BONDS
SALE.

Notice Is hereby given that sealed
bids will be received by the secretarv
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 noo Tuesday, JULY
i 1919, for the following bonds Of the
Memphis city schools, viz:
TWo hundred and fifty thousand
($260, O00) dollars of serial coupon bonds
In sthe denomination of 81, 900 each an
thorfzed by chapter 429 of the private
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 its regular
meeting Monday, June ., 1919.
the interest rate will be determined
IN the resolution of sale and will be
~ or B per centum per annum, as may
be REQUIRED to provide a bid at par.
the bonds will be prepared at the ex-
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
Nos, ! te Is, both inclusive, SIS, 900,
Nos. Is to 80, both inclusive, SIS, 900,
July l, 1925. '
Nos. 81 to 45, both inclusive, SIS, 900,
Nos. 46 to so, both inclusive, SIS, 900,
Nos. 81 to rs, both inclusive, SIS, 900,
Nos. 76 to 80. both inclusive, SIS, 900,
July !, 1880,
Nos. 81 to los, both inclusive. SIS, 900,
July !. 1881. ,oo .
July i, isss, W." inclusive 'i''OVO'
Nos, 12l to 1876, both inclusive, SIS. 900,
July /. 1888.
Nos, 1856 to $50, both inclusive, $751; 900
Nos. ISL TO 165, both inclusive, SIS, 900
July l, 1885,
Nos. 1865 to $50, both inclusive, SIS, 900
July !, 1886.
Nos, 1871 to 1876, both inclusive, SIS, 900
| July l, 1887,
Nos. 1876 to 21o. both inclusive. SIS, 900
| July l, 1898,
Nos, I'll to 22b, both inclusive. SIS, 900
| July /. 1899.
Nos, 22S to 24o, both inclusive, s15,O
July l, 1910.
Nos. gal to $50, both inclusive, $40, 900
July !, 1871,
The bonds will be registered as C
| principal only at the option Of tn,
holder. interest payable semiannuall!
/ July l ana Jan l, DOtn principal ant
interest payable In lawful none .
the United States OF America In New
York city or In Memphis, Tenn, at tn,
option, of the holder.
No bid will be entertained which
names q price of less than par and &C
crued interest to date of delivery FIRE,
Of charge, charges for fees, brokerag
or other fees not enumerated In the &C
and ordinance,
The board OF education reserves tn
right to reject any and all bids.
Each bid must be accompanied b,
certified check on some Memphis ban
In the sum of four thousand N4,000
dollars, payable to the board OF educa
ton, as an unqualified guarantee Q
good faith on the part Of the bidder.
The check Of the successful Nbidde
shall be retained by the board Of edu
cation as and for liquidated damage
for failure OF such bidder to accept an
nav for the bonds. Checks will be re
turned to unsuccessful bidders immedi
ately after awarding of bonds. TIL
check of the successful bidder will b
returned Immediately 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 opened at time an
place above noted.
The legality OF these bonds when sol
and delivered pursuant to the terms c