The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-04
NOTICE TO BIDDERS,
AUDITORIUM AND MARKET
HOITSE P0Nnc

A~ASDJ 61fNl that SCdICu
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 /, 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 Dc
nomination OF n thousand dollars
each, authorized by chapter 421 of the
private acts Of the general assembly
Of the state Of Tennessee for the year
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
quarters (4%), or five 90 per centum
per annum, as may be required to pro-
duce a bid of par.
The bonds will be prepared at the
expense of the 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. /.
1919, and shall mature as follows, with
out option of prior redemption:
Nos. i to Is. both inclusive, $751; 900,
Jan. 1, 1925.
Nos. is to 30. both inclusive, sis, 900.
Jan. l, 1926.
Nos. 81 to IS, both inclusive, SIS, 900,
Jan. l, 1927.
Nos. 46 to 60, both inclusive, SIS, 900,
Jan. l, 1928.
Nos. 81 to IS, both inclusive, SIS, 900,
Jan. l, 1929.
Nos. rs to 80, both inclusive, SIS, 900,
Jan. /, 1880.
Nos. 81 to los, both inclusive, SIS, 900,
Jan, ], 1881.
Nos. 106 to 100. both inclusive, SIS, 900,
Jan. I, 1882.
Nos. 121 to 1856. both inclusive, $15,o 900,
Jan. /, 1888.
Nos. 1876 to $50, both inclusive, sis, 900,
Jan. 1, 1894.
Nos. ISL to 165, both inclusive, SIS, 900,
Jan. /, 1896.
Nos. 1856 to $50, both inclusive, $3.50 o
Jan. /, 1886.
Nos. 1871 to 1876, both inclusive, SIS, 900,
Jan. /, 1897.
Nos. 1876 to 21o, both inclusive, SIS, 900,
Jan. I, 1888.
Nos. 211 to 225, both inclusive, SIS, 900,
Jan. /. 1889.
Nos. 226 to $40. 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. /, 1912.
Nos. 271 to 2S5, both inclusive, SIS, 900,
Jan. 1, 1943.
Nos. 2s6 to 800, both inclusive, SIS, 900,
Jan. /, 1914.
Nos. SOL to 315, both inclusive, SIS, 900,
Jan. /, 1945.
Nos. 316 to $50. both inclusive. SIS, 900,
Jan. l. 1916.
Nos. Ss1 to a45, both inclusive, $4,000,
Jan. l. 1947.
Nos. 346 to $50, both inclusive, SIS, 900,
Jan. l, 194S.
Nos. S61 to 3T5. both inclusive, SIS. 900.
Jan. /, 1919.
The bonds will be registered a to
principal only at the option of holder.
Interest payable ~semiannually, July l
and Jan. 4. Both principal and interest
payable in lawful money of the United
States Of America, In Memphis or New
York city, at option of holder.
No bid will be entertained which
names a price less than par and ac-
crued interest to date of delivery, free
from all charges for fees, brokerage or
other conditions not enumerated in the
act and ordinance.
The city Of Memphis reserves the
right to reject any and all bids.
Each bid must be accompanied by
a certified check on some Memphis
bank in the sum of four thousand dol
lars $4,000, payable to the order OF
the city Of Memphis. as an unqualified
guarantee of good faith on. the part
OF the bidder. The check Of the sue
cessful bidder shall be retained by the
city as and for %liquidated damages for
failure of such bidder to accept and
pay for the bonds. Checks will be re-
turned to unsuccessful bidders imme-
diately after awarding the bonds; the
check of the successful bidder will be
returned Immediately after the deliv-
cry of the bonds. and will not be re-
ceived 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 ordi-
nance, has been approved by Mr.. John
c. Thomson, attorney, of New York,
a cop of whose approving opinion will
be furnished 20 the successful bidder.
For further information apply to the
undersigned.
This I'd day of June, 1919.
(Signed) +. l.. MONTENEGRO,
Mayor.