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The principal and interest of said bonds shall be payable in lawful money of the United States, and at such place within or without the State of Tennessee as said Mayor and Aldermen may determine; and the interest shall be payable semi-annually, at such times as said Mayor and Aldermen may determine.

Sec. 3. Be it further enacted, That the bonds provided for by this Act, and issued under it, shall be in no case sold for less than par, and the coupons thereto attached shall, at maturity, be received by said Mayor and Aldermen for all taxes and dues to it except sinking fund taxes levied for the retirement of this or any other bond issue of said municipal corporation, and except for school taxes.

Sec. 4. Be it further enacted, That, as soon as the bonds herein provided for, or any proportion thereof, shall have been issued hereunder, said Mayor and Aldermen shall provide, by ordinance, a sinking fund wherewith to retire said bonds; said fund to be used exclusively for sinking fund purposes, and be sufficient, with its accumulations, as nearly as may be estimated, to meet and retire at maturity the principal of the bonds so issued.

Sec. 5. Be it further enacted, That said sinking fund shall be intrusted [sic] to the management of the Sinking Fund Commissioners now existing in the City of Knoxville, under the laws of this State and the ordinances of said municipal corporation.

Sec. 6. Be it further enacted, That said Hospital, when erected, shall be operated and managed by a Board of Governors, composed of twenty (20) citizens and residents of the City of Knoxville, who shall hold their offices for the term of five (5) years, except the first board hereinafter appointed, and shall serve without compensation. The first Board of Governors shall consist of Wm. Rule, Samuel G. Heiskell, Joseph T. McTeer and S. C. Roney, who shall serve for the term of five (5) years; W. B. Lockett, W. S. Shields, W. P. Chamberlain and Charles Searles, who shall serve for four (4) years; M. L. Ross, E- E. McMillan, E. T. Sanford and M. B. Arnstein, who shall serve for three (3) years; R. S. Hazen, C. M. McClung, R. M. Rhea and F. K. Huger, who shall serve for two (2) years; T. S. Webb,