The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-02-03

sand (S375, O0O) dollars Of bonds for the
purpose Of enabling said city, In con-
nection and by cooperation with the
county Of Shelby. to erect, own, MAIN
public market house and to acquire
any necessary lands for such audi
torium and public market house, and
for the other purposes mentioned IN
said act; at which election there We're
cast 2,779 affirmative ballots INC 1O4
negative ballots, as shown by the formal
certificate of the board OF election COM
missioners of Shelby county, tennessee,
filed with the board Of commissioners
Of the city of Memphis, all in due, time
and manne in full compliance with the
requirements of law, and especially sald
chapter 421 of the private acts OF
whereas, the city of Memphis is au:
thorized and now desires to proceed
with said auditorium and public a
ket house enterprise in compliance with
said chapter 421 of the private acts
Of 1917, in connection and by ~co-opera-
ton with the county Of Shelby, Whicn
Is likewise authorized and prepared,
n now desires to proceed with said
enterprise; the city Of Memphis ac-
chapter 421 relating to the matter OF
selling bonds, the purchasing or con-
demning OF ground n the joint use
for such auditorium and market house
purposes OF ground now owned by said
city n by said county within the
the site for said auditorium and mar
ket house; and
Whereas, eAe commissioners desig-
mated and constituted as auditorium and
market house building commissioners
in said chapter AL have qualified and
visions Of said chapter 421, therefore
Section 1. Be 1t ordained by the
board Of commissioners of the city Of
Memphis, That, under and by virtue
of the authority Of the provisions Of
chapter 421 of the private acts Of the
general assembly Of the state of TeR-
nessee for the year 1917. the city Of
Memphis shall issue, and the mayor
n city clerk are authorized to exc
cute and deliver three hundred and
seventy five thousand ($375, 000) dollars
OF bonds, that the city of Memphis may,
the county Of Shelby, erect, own, main
tain and operate an auditorium and
public market house.
Said bonds shall be general liability
negotiable coupon bonds, payable to
bearer, and the proceeds of the sale
for the purpose Of carrying out the
provisions of said chapter 421, in ac-
curing a site and erecting an audi
forum and public market house In con-
junction with the county of Shelby:
and no part of said proceeds shall be
used for any other purpose. Provided,
however, that the expense of selling the
bonds herein provided shall be deducted
from the net proceeds, but no interest
payments shall be so deducted.
Sec, 2. Be 1t further ordained, That
said bonds shall be issued in denomina-
tons Of one thousand $1,000) dollars
each, dated the first day Of January,
1919, bearing interest at the rate of four
and one-half per centum per annum,
four and three-fourths per centum per
annum, or five per centum per annum,
as shall be determined by the board OF
sale Of said bonds hereunder; provided,
however, that no higher rate shall be
determined upon than shall be neces-
sary to provide a bid of par.
The interest shall be payable semi.
annually on the first days Of January
and July In each and every year unit
maturity.
Said bonds shall be signed by the
mayor n by the city clerk Of the
city of Memphis, Tenn, and the inter,
est coupons shall bear the Autographed
signature Of the mayor.
Said bonds may be registered as t.
PgriIaacipai only. in the name Of II,
thereon by the city clerk, and sail
bonds as to principal only shall be like
wise subject to successive registration
or transfers at the option of the hold
ers thereof. After registration no trans
fer shall be valid unless made on tn
books Of the city clerk by the registeret
holder or by attorney, and similarl,
noted on the bond. But same may b
discharged, from registration by .beinI
shall be transferable by delivery, but /
may again be registered as before. TIL
registration of the bonds as to princi
pal shall not restrain the negotfabilit
Of the coupons by delivery merely.
= Said bonds shall be numbered con
s~ecutively from number one to numbe
} three hundred and s~eventy-five, bot
inclusive, and without privilege Of prio
redemption, shall mature as follows:
Nos. to is. both inclusive, SIS, 00t
Nos. 16 to 80, both inclusive, SIS, 00t
Jan. I, 1926.
Nos 81 to- rs. both inclusive. $4,000
Jan. !. 1927. ,.,
Nos. 46 to so, both inclusive, SIS, 00(
Jan. /, 1928.
Nos. 81 to rs, both inclusive, SIT, 00(
Jan. /, 1929.
Nos. rs to 30. both inclusive, SIS, Oot
Jan, 1. 1880.
/ Jan. /. ISL.
: Nos. 106 to 100, both inclusive, Sis, 00t
Jan. /. 1882,
Nos. 121 to 1876, both inclusive, SIS, 00t
Jan. l, 1888.
Nos. 1856 to $50, both inclusive, SIS, 00l
Jan. /, 1884.
Nos. 151 to 165. both inclusive, $500
Jan. /, 1888.
Nos. 1865 to 1870, both inclusive, SIS, 90,
Jan. /, 1896.
Jan. !, 1881.
Nos. 1886 to 21o. both inclusive, SIS, oo
Jan. l, 1888.
Nos. 211 to 225. both inclusive, SIS, 00
n Jan. /, 1899.
4 Nos. 226 to $40, both inclusive, SIS, 90
! Jan. l, 1910.
Nos. 24l to 255, both inclusive, $500
" Jan. l, 1941.
Nos. 256 to 27o, both inclusive, $500
, Jan. /, 1912.
l. Nos. 271 to 2S5. both inclusive, SIS, 90
y Nos. 2sS to 800. both inclusive, $500
4 Jan. /, 1914,
q Nos. S01 to s15, both inclusive, SIS, 90
Jan. l, 1915. ~
Nos. S16 to $50. both inclusive, $500
Jan. /. 1916.
- Nos. 1871 to S45, both inclusive, $500
Jan. J., 194T.
a. Nos. S46 to $50. both inclusive, $3.50
10 Jan. l., 194S.
4 Nos. 36l to s75, both inclusive. $500
Jan. /, 1919.
be payable at the city hall in Memphi
= Tennessee, or, at the option of Il
[, holder, at the United States Mortgal
and Trust company In the city and sta
OF New York. Said bonds, both prime
pal and interest, shall be payable
lawful money of the United States
America.
Sec. 3. Be 1t further ordained, TIL
said bonds and coupons thereto a
tached shall be In substantially the fo
"a lowing form. to-wtt.
st UNITED STATES OF AMERICA,
We CuN A TIT ON
CITY OF MEMPHIS.
of AUDITORIUM AND PUBLIC MARKE
o. HOUSE BOND.
to No.,...,... $1,000.t
be know all men by these presents, TIL
u, the city OF Memphis, a municipal CO
Is, poration organized and existing und
on the laws Of the state of Tennesst
ty hereby acknowledges itself indebted a
in promises to pay to the bearer here
h. the sum of one thousand ($1, 900, q