The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-18
NOTICE.
MEMPHIS SCHOOL N
SALE,

Notice is hereby given that Bealed
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 12 o'clock noon Tuesday, July
/, 1919, for the following bonds Of the
Memphis city schools. viz:
Two hundred and fifty thousand
$3.50, 000) dollars OF serial coupon bonds
in the denomination OF $1,000 each au-
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 g.. 1919.
The interest rate will be determined
in the resolution of sale and VIII 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
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 Is, both inclusive, SIS, 900.
July 1, 1925. :
Nos. 16 to 80, both inclusive, SIS, 900,
July /, 1925.
Nos. alto As, both inclusive, SIS, 900,
July 1, 1927.
Nos, 40 to so, both inclusive. SIS, 900,
July /, 1928.
Nos. 81 to rs, both inclusive, $4,000,
| July /, 1929.
Nos. rs to 80, both inclusive, SIS, 900,
July l, 1880.
Nos. 81 to los, both inclusive, $751; 900,
July 1, 1881.
Nos. log to 1870, both inclusive, SIS, 900,
July 1, 1882.
Nos. 121 to 1876, both inclusive, SIS, 900,
July /, 1888,
Nos. 1886 to 80, both inclusive, SIS, 900
July i, 1894.
Nos. 151 to 165, both inclusive. SIS, 900
July !, 1885.
Nos. 1876 to 1870, both inclusive, SIS, 900
July 1, 1885.
Nos. 1Sl to 1876, both inclusive, SIS, 900
Nos. 1875 TO 30, both inclusive, $15, 900
July l., 1898. ~
Nos. eli to 225, both inclusive, $4,000
July l., 1889.
Nos, 226 to $40, both inclusive, SIS, 900
July 1, 1910.
Nos. 241 to $50, both inclusive, $4,000
July l, 1941. a.
The bonds will be registered as Il
principal only at the option of tn,
holder, interest payable ~semiannuall!
July l and Jan. !, both principal an'
interest payable in lawful money .
the United States OF America in New
York city or In Memphis, Tenn, at tn
option of the holder.
No bid will be entertained whicl
names a price of less than par and ac
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 sun of four thousand e$4, 000
dollars, payable to the board, of educa
ton, as an unqualified guarantee, 6
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 liouidated damage
, for failure of such bidder to accept an
pay for the bonds. Checks Will be re
: turned to unsuccessful bidders immedi
ately after awarding Of bonds. TIL
check of the successful bidder will h
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 so
. and delivered pursuant to the terms
y the above mentioned resolution will /
approved by Mr.. John c. Thomso
n attorney, of New York city, a cop
e nished TO the successful bidder. f,
further information apply to the unde
This. the 10th day of June, 1919.
G, w. GARNER,
), lSecretary Board of Education. Memph