The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-16
NOTICE no BIDDERS.
AUDITORIUM AND MARKET
HOUSE RONDS-

NOTICE is hereby given tnaJ Sealeu
bids will be received by c. C. Pashby,
in Memphis, Tenn, until 2:SO O'Clock
pm. Tuesday, July 1, 1919, for the fol-
lowing bonds Of the city of Memphis,
Tenn, viz:
sand dollars tS375, 0O0l 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
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 az, four and three
quarters 4%), or five (5) 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, $4,000,
Nos. IS to 80, both inclusive, $3.50 900.
Jan. /. 1925.
Nos. 81 to As. both inclusive, SIS, 900,
Jan. l, 1927.
Nos. as to go, both inclusive, $4,000,
| Jan. 1, 1928.
Nos. 81 to rs, both inclusive, SIS, 900.
Nos. rs to 30, both inclusive, $15.O 900,
Jan l, 1880.
Nos. 81 to 105, both Inclusive $751; 900,
Jan. 1, 1881.
Nos. 106 to 100, both inclusive. $4,000,
Jan. /, 1882.
Nos. 121 to 1856, both inclusive, $3.50
Nos, 1876 to $50. both inclusive, SIS, 900,
Nos. ISL to 1855, both inclusive, SIS, 900,
Nos, 166 to 1870. both inclusive. $15,O 900,
Nos. 1s1 to 1876, both inclusive, SIS, 900,
Nos. 1876 to 30, both inclusive, SIS, 900.
Jan. /, 1888.
Nos 211 to 225, both inclusive, SIS. 900.
Nos 226 to 24O. both inclusive, $751; 900.
Nos. 241 10 255, both inclusive, $751; 900,
Nos. 256 to go, both inclusive, $4,000
Jan. /, 1942.
Nos. 271 to 2S5, both inclusive, SIS, 900,
Jan. 1, 1913.
Nos. 2S6 to 800, both inclusive $l5,OOO,
Jan. /. 1914. .r
Nos. s01 to S15, both inclusive, SIS, 900,
Jan. 1. 1915.
Nos. 316 to $50, both inclusive, SIS, 900,
Jan. I, 1916.
Nos. S31 to 345, both inclusive, $4,000.
Jan. /, 1947.
Nos. 346 to $50, both inclusive, SIS, 900.
Jan. 1, 1948.
Nos. 361 to S75, both inclusive, SIS, 900.
Jan. /, 1949.
The bonds will be registered as TO
principal only at the option Of holder.
Interest payable semiannually, July |
and Jan. /. 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 viii be entertained which
names a price less than par and &C
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
Of the bidder. The check of the sue
cessful bidder shall be retained by the
city as n 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 win not be re.
ceived in part payment for same. $50,
Said bonds will be sold by sealed bids
only, publicly opened at time and place
above noted.
The legality of these bonds. wher
sold and delivered pursuant to thu
terms of the above mentioned ordi
nance, has beer approved by Nh. Iohr
C. Thomson, attorney, of New York
a copy of whose approving opinion vii
be furnished to the successful bidder,
For further information apply to thu
undersigned.
This I'd day OF June, 1919.
(Signed) F. L. MONTENEGRO,
Mayor.
=. Attest. q q. PASHBY, CITY Clerk.