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

Notice Is hereby given that sealed
bids will be received by C. G. Pashby,
city clerk of Memphis, at the city hall
In Memphis, Tenn, until 2:50 O'clock
pm, Tuesday, July I, 1919, for the fol-
lowing bonds of the city of Memphis,
Tenn, viz.
Three hundred and seventy-five thou
sand dollars 9375, 000) of general la
bllity serial coupon bonds in the d.
nomination OF one thousand dollars
each, authorized by chapter AL of the
private. acts of the general assembly
of the state of Tennessee for the year
1917, and further pursuant TO an ofdi-
nance passed final reading Tuesday,
Feb, I, 1919.
The interest rate will be determined
In the resolution of sale inc with be
four and one-half (41s), four and three
per annum, as may be required 10 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
purchaser, who must state In his bid
where the delivery shall be made.
Said bonds shall be dated Jan. l.,
1919, and shall mature as follows. with
out option of prior redemption:
Nos. / to is, both inclusive. SIS, 900,
Jan. /, 1925,
Nos. IS to 80, both inclusive, SIS, 900,
Jan. l, 1926.
Nos. 81 to 45, both inclusive, SIS, 900.
Jan. 1, 1921.
Nos, As to go, both inclusive, $4,000,
Jan. 1, 1928.
Nos. 81 to rs, both inclusive, $4,000,
| Jan. /, 1929.
Nos. rs to 80, both inclusive, SIS, 900,
Jan 1, 1880.
Nos. 81 to 105, both inclusive. SIS, 900,
! Jan. 1;-.1931.
Nos. 1O6 to 100, both inclusive, SIS, 900,
\ Jan. 1, 1882.
Nos. 121 to 1876, both inclusive, SIS, 900,
| Jan. l., 1888.
Nos. 1876 to 1850. both inclusive, SIS, 900,
| Jan. 1, 1884.
Nos, ISL to 165, both inclusive, SIS, 900,
Jan. l., 1885.
Nos. 166 to $50, both inclusive, SIS, 900,
Jan. 1, 1895.
Nos. 1s1 to 1856, both inclusive, SIS, 900,
Jan. J., 1897.
Nos. 1876 to 2t0, both inclusive, SIS, 900,
Jan. l., 1898.
Nos 211 to 235, both inclusive, SIS, 900,
Jan. 1, 1883.
Nos. 226 to $40. both inclusive, SIS, 900,
Jan. /, 1910.
Nos. 241 to 255, both inclusive, SIS, 900,
Jan. /, 1941.
Nos. ESQ to 270, both inclusive, SIS, 900,
Jan. I, 1912.
Nos. 271 to 2S5, both inclusive, SIS, 900,
Jan. /, le43.
Nos. 2S6 to 800, both inclusive, SIS, 900,
Nos. 3O1 to 315, both inclusive, SIS, 900,
Jan. /, 1945.
Nos. S16 to 800, both inclusive, SIS, 900,
Jan. /, 1916.
Nos. 33l to S45, both inclusive, SIS, 900,
Jan. 1. 1947,
Nos. BAG to $50. both inclusive, SIS, 900,
Jan. 1, 194S.
Nos. 1851 to s75, both inclusive, SIS, 900,
Jan. /, 1949,
The bonds will be registered as tc
principal only at the option of holder.
Interest payable ~semiannually, July
and Jan. l.. 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 OF
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.
the city Of Memphis, as an unqualified
guarantee of good faith on the par
of the bidder. the check or the sue.
~cessful bidder shall be retained by the
city as and for ~liquidated damages fol
failure of such bidder to accept ant
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 b.
returned Immediately after the deliv
cry of the bonds, and will not be re,
ceived in part payment for same.
Said bonds WHY be sold by sealed bid.
only, publicly opened at time and plac,
above noted,
The legality of these bonds, whel
sold and delivered pursuant to TIL
terms of the above mentioned ordi
nance, has been approved by Mr.. ,Johi
:. C. Thomson, attorney, of New York
q. copy of whose approving opinion viii
be furnished to the successful bidder.
For further information apply to thu
undersigned.
This "a day of June, 1919.
(signed) F. l.. MONTENEGRO,
Mayor,