The Parisian. (Paris, Tenn.) 1907-1962, 1921-07-15

of said city favored the issuance OF
said bonds, the said council shall, by
ordinance, SO declare, and provide
for the issuance of same. Said
bonds to be in denominations of one
thousand dollars EACH. payable in
good and lawful money of the
United States, bearing such rate of
interest as may be provided, not
exceeding six per centum, maturing
at such time and payable at such
place as may be designated by ordi-
nance, and which shall be signed by
the Mayor and Recorder, with inter
est coupons attached and bearing the
autographed signature of the Mayor
and Recorder.
tThe action of the city, through
its Legislative Council, by ordinance,
directing and causing such bonds to
be issued shall be conclusive evil
dcnee that all provisions of law
governing such bond issue, were
| complied with and binding upon the
| city
Provided, That such ordinance
| shall be published for at least three
successive weeks in some newspaper
published in said city. nor shall
said bonds be issued until after the
expiration of at least thirty days
/ from the final passage of such ordi-
nance"
And Whereas, The Legislative
] Council on May 18th, 1921, passed
on final reading an ordinance en-.
/ titled "An Act to provide for the
holding of q popular election in the
lCity of Paris. Tennessee to determ,
inc the expediency of issuing bonds
OF said city to the amount of two
hundred and fifty thousand dollars
and to prescribe the terms and con
ditions of said bonds" said ordi-
nance appearing upon the minutes
Of the Legislative Council in Minute
| Book s." at pages 1S4 to 189 inclu-
sive. and which said ordinance,
among other things, contained the
following provisions:
Section /. BE it enacted by the
Legislative Council of the City OF
Paris: That there shall be sub.
mitted to the qualified voters OF
Iaris, Tennessee, at an election To
be held by the election commits.
sioners OF Henry County, Tennessee
the question as to the expedency
OF the issuance of such Public I'm
provement Bonds to the amount OF
two hundred and fifty thousand dol
lars, for the purposes and in accord
ance with the provisions of the acts
of the assembly set forth in tht
preamble TO this ordinance, a.nt
which is made part hereof, the
terms and conditions of said bonds
to be as herein provided.
Section q That said bonds shall
issue in denominations of one thous
and dollars each, shall bear seria
number, respectively from one to
two hundred and fifty. they shat
be designated as Public Improve
ment Bonds of the City of Paris
Tennessee; shall bear interest at the
rate of six per centum. payable
semi-annnally, with interest bearing
coupons therefor attached, shall be
payable in the City of New Yorl,
at such place as may be designated
by final ordinance directing the is
suance of same thirty years after
the date of issuance, likewise to be
fixed in such final ordinance, They
shall be signed by the Mayor and
! Recorder of the city and bear the
seal of the city, and the coupons
attached shall bear the lithographed
signature of the Mayor and Recorder
Said bonds shall be payable in good
and lawful money of the United
| States, shall he incontestable, shall
pledge the full faith and credit and
all the resources of the city for the
payment thereof. They shall show
that all things required. to be done
exist or he performed precedent to
the issuance of such bond, have beer
done. exist and have been performed
in regular and due time, form and
manner as required by law. They