The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-21
NOTICE TO BIDDERS.
AUDITORIUM AND MARKET
nnJTCT DnNYnC

Notice is hereby given that sealed
bids will be received by c. C. Pashby,
city clerk Of Memphis, at the city hall
in Memphis, Tenn, until 2:30 o'clock
pm. Tuesday, July I, 1919, for the fol-
lowing bonds Of the city of Memphis,
Tenn, viz:
Three hundred and seventy five thou
sand dollars ($375, 000) of general la
bility serial coupon bonds in the de-
nomination Of one thousand dollars
each, authorized by chapter 421 of the
private acts of the general assembly
1917, and further pursuant to an ordi-
nance passed final reading Tuesday.
Feb. Z, 1919,
The interest rate will be determined
In the resolution OF sale and will be
four and -one-half (4h), four and three
per annum, as may be required to pro-
duce a bid Of par.
The bonds will be prepared at the
expense OF tho city Of Memphis. and
delivery will be made In Memphis, in
New York city or at the equivalent Of
New, York city, at the option of the
purchaser, who must state In his bid
where the delivery shall be made.
Said bonds shall be dated Jan. I,
1919, and shall mature as follows, with
out option Of prior redemption:
Nos, ! to Is, both inclusive, SIS, 900,
Jan, /, 1925.
Nos, 16 to 30, both inclusive, SIS, 900,
Jan. 1, 1925.
Nos. 81 to 45, both inclusive, SIS, 900,
Jan. I, 1927.
Nos, as to 60, both inclusive, SIS, 900,
Jan. /, 1928.
Nos, 81 to rs, both inclusive, SIS, 900.
| Jan. /, 1929.
Nos. rs to 30, both inclusive, SIS, 900,
| Jan, /, 1890.
Nos, 81 to 1O5, both inclusive. SIS, 900,
| Jan. 1, 1891.
Nos. 1O6 to 100, both inclusive, SIS, 900,
Jan. /, 1882.
Nos, 121 to 1876, both inclusive, SIS, 900
Jan. /, 1888.
Nos. 1876 to 1850, both inclusive. SIS, 900
Jan. l, 1884.
Nos. 161 to 165, both inclusive, SIS, 900
Jan, /, 1885.
Nos. 166 to 1870, both inclusive. SIS, 900
Jan, |, 1886.
Nos. 1871 to 1876, both inclusive, SIS, 900
jar. /, 1887.
Nos. 1876 to 30. both inclusive, SIS, 900
Jan. /, 1888.
Nos 21t to 225, both inclusive, SIS, 900
Jan, /, 1899.
Nos, 226 to 240. both inclusive, SIS, 900
Jan. /, 1910.
Nos, 241 to 255. both inclusive, SIS, 900
Jan, /, 1941.
Nos. 256 to 270, both inclusive. SIS, 900
Jan. l, 1912.
Nos, 27f to 2s5, both inclusive, S15, 900
Jan, 1, 1943.
Nos. 2s6 to 300, both inclusive, SIS, 900
Jan. |, 1914,
Nos, S01 to S15, both inclusive, SIS, 900
Jan. 1. 1945.
Nos. 316 to $50, both inclusive, SIS, 900
Jan, l., 1916.
Nos. 331 TO 345, both inclusive, SIS, 900
Jan, l, 1947.
Nos. 346 to 800, both inclusive, SIS, 900
Jan, l, 1s4S.
Nos, ss1. to s75. both inclusive, sis, 900
Jan, 1, 1949.
The bonds win be registered as I,
principal only at the option Of holder.
Interest payable semiannually, July
n Jan. i. Both principal and interes
payable in lawful money of the United
States of America, in Memphis or New
No bid will be entertained whicl
names a price less than par and ac
crued interest to date of delivery. fire.
from all charges for fees. brokerage o
other conditions not enumerated in tn,
act and ordinance.
The city of Memphis reserves tn
right to reject any and all bids.
Each bid must be accompanied b,
Q certified check on some Memphi
bank In the sum Of four thousand dol
lars $4,000, payable to the order o
the city Of Memphis, as an unauallfie,
guarantee Of good faith on the par
OF the bidder. The check OF the sue
~cessful bidder shall be retained by tn
city as and for liquidated damages 10
failure OF such bidder to accept an,
pay for the BOMBS. Checks will he re
turned to unsuccessful bidders imme
diately after awarding the bonds; tn
check of the successful bidder will b
returned Immediately after the deliv
cry OF the bonds, and win not he re
ceived in part payment for same.
Said bonds will be sold by sealed bid
only, publicly opened at time and plac
above noted.
The legality of these bonds. whe
sold and delivered pursuant to tn
terms of the above mentioned ordl
nance, has been approved by Mr.. Job
c. Thomson, attorney. of New York
a copy of whose approving opinion wi
be furnished to the successful bidder.
For further information apply TO tn
undersigned,
This % day OF June, 1919,
tSigned) f. l. MONTENEGRO,
Mayor.
Attest. G.. c. PASHRy CITY Clark