The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-16
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 IL o'clock noon Tuesday, July
!, 1919, for the following bonds OF the
Memphis city schools, viz:
Two hundred and fifty thousand
(s250, 000) dollars of serial coupon bonds
In the determination OF 81, 900 each au-
thorized 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 hoard Of education at it's regular
meeting Monday, June 9, 1919.
The interest rate will be determined
in the resolution of sale and will be
~ or 3 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
prior redemption:
Nos. to 10, both inclusive, SIS, 900,
July /, 1925.
Nps. 16 to so, both inclusive, SIS, 900,
july l, 1925.
Nos, 81 to As. both inclusive, SIS, 900,
July /, 1877,
Nos. As to 60, both inclusive, SIS, 900,
July l. 1928.
Nos. 81 to rs, both inclusive, SIS, 900,
July l, 1929,
Nos. rs to 30, both inclusive, SIS, 900,
July 1, 1880.
Nos. 81 TO l05, both inclusive, SIS. 900,
July /, 1891.
Nos. LOG to 100, both inclusive, SIS, 900,
July /, 1882.
Nos, 121 to 1856, both inclusive, SIS, 900,
July /, 1888,
Nos. 1913 to $50, both inclusive. SIS. 900,
July l, 1894,
Nos. 16l to 1856, both inclusive, SIS, 900,
July /. 1895.
Nos. 1e6 to $50, both inclusive, SIS, 900,
July /, 1886.
Nos, ISL to 1876, both inclusive. SIS, 900,
July l.. 1887,
Nos. 1875 to 210. both inclusive, SIS, 900,
July /, 1888.
Nos. I'll to 225, both inclusive, SIS, 900,
July l, 1899.
Nos. 226 to 24O, both inclusive, SIS, 900,
July l, 1910.
Nos, PAL to $50, both inclusive, $40, 900,
July 1. 1s4t,
The bonds will be registered as to
principal only at the option OF the
holder, interest payable s~emiannually
July | and Jan. ], both principal and
interest payaDle IN IaWTuI money oil
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 and &C,
crued interest to date of delivery free
of charge, charges for fees, brokerag,
or other fees not enumerated in the acr
and ordnance
The board OF education reserves tn,
right to reject any and all bids.
Each bid must be accompanied b,
! certified check on some Memphis bani
, in the sun Of four thousand 1900
: dollars, payable to the board Of educa
ton, as ar unqualified guarantee y
. good faith on the part of the bidder.
; The check of the successful bidde
shall be retained by the board of edu
!; cation as and for liquidated damage
! for failure of such bidder TO accept an,
pay for the bonds. Checks will be re
: turned to unsuccessful bidders immedi
J lately after awarding of bonds. TIL
e check of the successful bidder will b
: returned Immediately after the deliver
: OF the bonds and will not be receive
F. in part payment for same.
e Said bonds will be sold by scale
I bios only publicly opened at time an
i place above noted.
h The legality Of these bonds when sol
and delivered pursuant to the terms {
the above mentioned resolution win b
. approved by Mr., John C.. Thomson
y attorney. OF New York city. a copy {