Notice of bond sale; selling price for bonds.
Memphis Charter, art. 79, § 913
in effectSec. 913. - Notice of bond sale; selling price for bonds.
The bonds may be sold at public sale held after notice published once at least ten days prior to such sale in a newspaper having a general circulation in the City and in a financial newspaper published in the City of New York, New York, or in the City of Chicago, Illinois, provided, however, that such bonds may be sold to the Federal Government at private sale without any public advertisement. The bonds may be sold at such price or prices as the authority shall determine provided that the interest cost to maturity of the money received for any issue of said bonds shall not exceed six percent (6%) per annum.
(Priv. Acts 1935, ch. 615, § 14)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/charter?nodeId=PTICHRELA_ART79HOAULA_S913NOBOSASEPRBOFetched: 10/28/2026