Act Of The Tennessee General Assembly And Ordinances Of The Taxing District Authorizing The Settlement Of The Memphis City Debt

Author : David P. Hadden
Publisher : Forgotten Books
ISBN 13 : 9780656165018
Total Pages : 30 pages
Book Rating : 4.1/5 (65 download)

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Download or read book Acts of the General Assembly and Ordinance of the Taxing District Authorizing of the Settlement of the Memphis City Debt, the Capitalization Calculation and the Rule for Calculating the Net Amount to Be Funded (Classic Reprint) written by David P. Hadden and published by Forgotten Books. This book was released on 2018-02-09 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Acts of the General Assembly and Ordinance of the Taxing District Authorizing of the Settlement of the Memphis City Debt, the Capitalization Calculation and the Rule for Calculating the Net Amount to Be Funded Sec. 6. Be it further enacted, That whenever any bond, coupon, judgment, or other indebtedness or claim against any municipal corporation or taxing district is presented, and the auditing board find that it is entitled to be funded under the provisions of this Act; then upon the surrender of the holder of his evidence of indebted ness, or upon his acquittance of his debt, such municipal corpor ation or taxing district is hereby invested with full power and authority, and is required to issue, in its corporate name, a new bond, at the rates aforesaid, in exchange for the indebtedness so surrendered and the same shall be delivered to the person entitled to receive it, and a full receipt taken from him showing the indebt educes surrendered and the bond received. This receipt shall be preserved, in a book kept for the purpose, among the other records of the local government. Sec. 7. Be it further enacted, That the bonds hereby authorized to be issued shall be dated the let day of January, 1883 They shall be payable thirty years after their date, but shall be redeem able at par by the municipality or taxing district, or any successor thereof, at any time after the expiration of six years from their date. They shall bear interest at the rate of three per cent. Per annum for the first three years, four per cent. Per annum for the next three years, and six per cent. Per annarn for the remaining twenty-four years, evidenced by coupons attached payable semi8 acts OF the general assembly. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.