The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-30
LEGAL NOTICES.
NOTICE.
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
J. 1879, fo- the following Donds OF the
Memphis city schools, viz:
Two hundred and fifty thousand
t$250, 000) dollars Of serial coupon bonds
IN the denomination Of $1,OOu 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 board Of education at its regular
meeting Monday, June Q. 1919.
The interest rate will be determined
in the resolution Of sale and will be
"a or 5 per centum per annum, as may
be required TO provide a bid at par,
TIL bonds will be prepared az 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 I. 1919, and shall
mature as follows, without option OF
Nos. / to is, both inclusive, SIS, 900.
July /, 1925.
Nos. 16 to 80. both inclusive, SIS, 900.
July l, 1926.
Nos. 81 to As. both inclusive, $4,000
July /, 1927.
Ncs. 46 to 60, both inclusive, s15,O 900,
! July /, 1928.
Nos. 81 to rs, both inclusive. SIS, 900,
july /, 1929,
Nos. &c to 80, both inclusive, $751; 900,
july 1, 1890.
Nos. 81 to los, both inclusive. $50
July /, 1881.
Nos. Jog to 100, both inclusive, $500
July |, 1892,
Nos. 121 to 1876, both inclusive, SIS. 900,
July l. 1888.
Nos. 1856 to $50, both inclusive, SIS, 900.
July /, 1884.
Nos. 151 to 1865, both inclusive, SIS, 900,
July /, 1885.
Nos. 166 to 1870, both inclusive, $751; 900,
July I, 1885.
Nos. ISL TO 1876. both inclusive sis, 900,
July l, 1887.
Nos, 1876 to 21O, both inclusive, SIS. 900.
July l, 1888.
Nos, 2n to 2e5, both inclusive, SIS, 900,
july !. 1889,
Nos. 226 70 24o, both inclusive, SIS, 900,
Nos, 241 to $50, both inclusive, $4,000,
july l, 1871.
The boTds will be registered as to
principal only at the option Of the
holder, interest payable serniannually
July 1 and Jan. /. both principal and
interest payable in lawful money OF
| Tic Cllltu GldltN u HIIltllCd III ANNW
York city or in Memphis, Tenn, at he
option of the holder.
No bid win be entertained which
names a price of less than par and ac-
crued interest to date of delivery free
OF charge, charges for fees. brokerage
or other fees not enumerated in the act
and 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
dollars. payable to the board of educa-
ton, as an unqualified guarantee Of
good faith on the part of the bidder.
The check Of the successful bidder
shall be retained by the board of edu-
cation as and for liuuidated 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
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 and
place above noted.
The legality of these bonds when sold
and delivered pursuant to the terms Of
the above mentioned resolution will be
approved by Mr.. John C. Thomson.
attorney. Of New York city. a copy Of
whose approving opinion will be fur
further information apply to the under
| signed.
This, the 10th day of June, 1919.
- G. w. GARNER,
Secretary Board of Education. Memphis
City Schools, Memphis. Tenn.