The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-06-02

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bonds as 70 principal only shall be like
wise subject to successive registrations
or transfers at the option OF the hold
ers thereof. After registration no
transfer shall be valid unless made on
the books Of the city clerk by the
similarly noted on the bond. But same
may be discharged from registration
by being transferred 10 bearer, after
which II shah be transferable by de-
livery, but il may again be registered
as before, The registration OF the
bonds as 70 principal shall not restrain
the n~egotlability of the coupons by
delivery merely.
Said bonds shall be numbered con-
secutively from number one to num-
Der one hundred fifty, both inclusive,
and without privilege Of prior redemp-
tlon. shall mature as follows:
Nos l to 8 both inclusive, $4,000,
April l, 1925.
Nos. I to - both inclusive, $1,000,
April /, 1926.
Nos. 10 to IS both inclusive, 5000,
April l, 1927.
Nos. 10 TO "a both inclusive, $1,000,
April l, 1928.
Nos. rs 70 80 both inclusive. $4,000.
April !, 1929.
Nos. 81 to So both inclusive. $1,000,
April /, 1880.
Nos. 81 to AZ both inclusive, 5000.
April !, 1881.
Nos. 4S to As both inclusive, $1,000,
April /, 1888.
Nos. 40 to 81 both, inclusive, 5000,
April /. 1888,
Nos. IS to 60 both inclusive, $4,000,
April l, 1894.
Nos. 81 to 66 both inclusive, $4,000,
April ], 1885.
Nos. 81 to " both inclusive, $1,000,
Nos. 70 TO rs both inclusive, 5000.
April /, 1887.
Nos. 70 to 81 both inclusive, 5 5000,
April /, 1888,
Nos. So to- 80 both inclusive, $4,000,
April /, 1888.
Nos. 81 to 90 both inclusive, $ 5000,
April l, 1910.
Nos. 81 to 1o2 both inclusive, $4,000.
April /, 1941.
Nos. 103 TO 10S both inclusive, $4,000,
April l, 1912.
Nos, 10s to ia both inclusive, $4,000,
April I, 1943.
Nos. 115 to 100 both inclusive, $ 5000,
April /, 1914.
Nos. 121 to 126 both inclusive. $1,000.
April /. 1916,
Nos. 1877 to 132 both inclusive, $1,000,
April l., 1916.
Nos, 1873 to 1913 both inclusive, IS, 1000,
April /, 1947.
Nos. 139 to IA both inclusive. $1,000,
April l., 1913.
Nos, las to 100 both inclusive, $4,000.
April /, 1s49.
Said bonds and interest upo shall
be payable at the city hall In Mem
phis, Tennessee, or, at the option Of
the holder, at the United States Mort
gage and Trust company in the city
and state Of New York. Said bonds,
both principal and interest, shall be
payable in lawful money Of the United
States Of America.
Sec. 8. Be 1t further ordained, that
said bonds and coupons thereto at
tached shall be in substantially the fol-
lowing form, to-wit:
UNITED STATES OF AMERICA
STATE OF TENNESSEE
CITY OF MEMPHIS
TUBERCULOSIS HOSPITAL BOND;
Know all men by these presents,
That the city Of Memphis. a municipal
corporation organized and existing
under the laws Of the State of Ten
nessee, hereby acknowledges itself in
debted and promises to pay to the
bearer hereof the sum Of one thousand
(Sl,000) dollars on the first day Of April,
IL. with interest thereon at the
rate Of ...,per cent per annum, pay
able ~semiannually on the first day OF
April and, october, upon presentation
and surrender of the coupons hereto
annexed, as they severally become due,
both principal and interest being pay
able In lawful money OF the United
States Of America at the city hall in
Memphis, Tennessee, or, at the option
Of the holder, at the United States
Mortgage and Trust Company, in the
city and state of New York.
This bond is one Of a series OF bonds
Of like date, tenor and effect, num-
bered from No. l upward consecutively,
issued to an amount not exceeding in
fhA q uDFAData tho rrtnnfnQ1 ann nf nnn
hundred fifty thousand ($150, 000) dol
lars, for the purpose OF providing funds,
in connection and by cooperation with
Shelby County, Tennessee, TO erect and
equip a tuberculosis hospital or tuber-
culosis hospitals, pursuant to and In
296 of the Private Acts of the general
assembly OF the State of Tennessee for
the year 1919, and further pursuant
to al ordinance passed on final reading
by the Board OF Commissioners OF the
City Of Memphis on the ......day of
....... 1919.
This bond ID issued under and pur-
suant to and in strict conformity with
the constitution and statutes of the
state OF Tennessee, and charter of the
said City Of Memphis, and amend
ments thereto, and ordinances or pro-
ceedings duly passed and adopted.
1t is hereby certified, reoited and
uCNiGAi Eh Ltidt ~ aStHt SpIlulIiuHH dild
things required to be done, exist, hap
pen and be performed precedent to and
In the issuance of this bond, have been
done, have existed and have happened,
and have been performed In regular
and due form and manner as required
by the constitution and statutes of
said state, and the charter Of said city
and that this bond, together with all
other indebtedness of said City OF
Memphis, does not exceed any limit
prescribed by the constitution and
statutes Of Nsaid state or charter of
said city.
The full faith and credit of said city
prompt payment Of the principal and
interest OF this bond, a the same shall
respectively become due.
The board OF commissioners, or other
governing body or legislative gency Of
said city, are ir~revocably pledged to
levy and collect, in addition to all other
taxes authorized by law, an annual tax
sufficient to realize such sum as may
be necessary to pay the interest on
this bond and the principal at maturity.
This bond shall have all the qualities
OF negotiable paper under the law mer-
chant, and shall not be invalid for any
~irregularity or defect in the proceedings
shall be incontestable in the hands Of a
bona fide purchaser for value.
This bond may be registered as 10
principal only in the name OF the holder,
such registry to be certified herein by
the city clerk and Is subject to sue
cessive registrations or transfers at the
option OF the holder of this bond. After
registration no transfer shall be valid
unless made on the books OF the city
clerk by the registered holder or by
attorney and similarly noted on the
bond, but same may be discharged from
registration by being transferred to
bearer, after which 1t shall be trans
ferable by delivery, but 1t may again
be registered as before. The registra-
ton OF the bonds as to principal shall
not restrain the negotiability Of the
coupons by delivery merely.
In witness whereof, said city Of Mem
phis has caused this bond to be signed
by its mayor and city clerk, and the
corporate seal OF said city TO be af-
fixed thereto, and the coupons attached
to this bond to bear the Autographed
sirnninrn of the MAYOR and this hnnh