The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-25
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
Tenn, at - o'clock moo Tuesday, July
!. 1919. fo- the following bonds Of the
Memphis city schools, viz:
Two hundred and fifty thousand
($260, 000) dollars If serial coupon bonds
IN the denomination of LOU each au-
acts Of the general assembly of the
state of Tennessee for the yea 1919,
and further pursuant to an order passed
by the board of education at Its regular
meeting Monday, June 8, 1919.
The interest rate viii be determined
in the resolution Of sale and 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
d~eliverv 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 E9S /, 1928. TO- DOT" inclusive 'i0'V0V'
Nos. Is to 80, both inclusive. $4,000,
July l, 1895.
Nos. 81 to 45, both inclusive, SIS, 900,
July l, 1927.
Nos, 46 to 60, both inclusive, $4,000
July 1, 1928.
Nos. 81 to rs, both inclusive, SIS, 900,
July l, 1929
Nos. rs to 80, both inclusive, SIS, 900,
July l, 1880.
Nos. 81 to los. both inclusive, $4,000,
July /, 1881.
Nos. LOG to 100, both inclusive, SIS, 900,
July l, 1882,
Nos. 121 to 1876, both inclusive, SIS, 900.
July /, 1898.
Nos. 1876 to so. both inclusive, SIS, 900,
July /, 1884.
Nos. 1871 to 1866, both inclusive. SIS, 900,
July /, 1885.
Nos. 166 to 1870, both inclusive. SIS, 900,
July 1, 1886.
Nos. 1s1 to 1876, both inclusive SIS, 900,
July l, 1887.
Nos. 1856 to 21o, both inclusive, SIS, 900,
July l. 1888.
Nos. 211 to 225, potn inclusive. SIS, 900.
JULY I, 1889.
Nos, 226 to 24O, both inclusive, SIS, 900,
July /, 1910.
Nos. 24t to $50, both inclusive, $500
July /, 1874.
The bonds will be registered as to
principal. only at the option of the
holder, interest payable ~semiannually
July / 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 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
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.
The check of the successful bidder
shall be retained by the board of edu-
cation as and for liauidated 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 viii 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 SOLD
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. w. GARNER,
Secretary Board of Education, Memphis
AZ ma [