While convenient and helpful to buyers in Memphis, TN and the surrounding areas looking for an easy way to buy a car, there are many things you should know when shopping at a buy here pay here dealership. More specifically, there are things you should watch for and avoid.
Welcome to Pearcy Auto Sales where we strive to make the car buying process before, during, and after the sale as simple as possible. Established in 1985, our goal was to ease the burden of buying used cars, trucks, and SUVs in the West Memphis and Marion, Arkansas area. We believe in providing a diverse used inventory of the most popular domestic and import makes including: Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Honda, Hyundai, Jeep, Lincoln, Mercury, Nissan, Toyota, and more.
Our mission is to provide only top quality used vehicles with quick and easy in-house Buy Here, Pay Here financing. Whether you have good credit, bad credit, or no credit, our in-house financing can put you in a new vehicle today! Start the credit application here with our online credit app. We are located on the East end of Broadway at the corner of Martin Luther King Drive (Pancho's Restaurant) and Broadway.
You can make a payment anytime by visiting pay.uplift.com and clicking on the Loans tab. From there, click the Make a Payment button. We recommend that you enable AutoPay at time of purchase so that your payments are automatically deducted each month. If you don't have AutoPay enabled, visit pay.uplift.com, click on the Accounts page, and set the AutoPay toggle to ON. You can also change the form of payment on file with Uplift anytime by visiting pay.uplift.com.
1. Where an individual contracted with a city corporation to pave its streets, and the corporation afterwards, by way of assisting him with funds, issued to him its bonds, having several years to run (and then worth in the market but fifty cents on the dollar), with the understanding that the bonds might be sold for what they would bring, and that other bonds might be afterwards bought by the contractor, so that the city might have its bonds again when they matured, and the contractor sold the bonds, held, on a suit between the parties for a settlement under the original contract for paving, that the contractor could discharge himself from his obligation to return the bonds to the city by charging himself with and paying their market value at the time of accounting in the suit; and that he was not obliged to return the bonds in specie before he could compel the city to pay him for his work. Held further that the fact that the city was pecuniarily embarrassed, and had no money with which it could go into the market and buy the bonds, did not alter the case.
Sports has been an all time favorite past time in America. The south takes it to another height. Colleges are becoming more focused on sports rather than education. There are some cons and pros for this problem. The south has a long trail of racial problems, but sports bring people together and eliminate differences. Fans will join hands and cheer for same team side by side. You can go the deepest parts of Mississippi and Alabama and find fans that are willing to put race aside for sports. Sports also can greatly develop a small city and economy. Let me briefly talk about some schools that benefit from this. The first school is Ole Miss. I know Oxford is developing, but it is still in Mississippi. Mississippi is ranked number 50 on ACT scores, but has produced a host of great athletes. Ole Miss brings in a great deal of money from football. Their games are sold out and people pay top dollar to watch them play. Their basketball team has up and down years, but never gets close to football. You rarely hear about their educational achievements. Oxford is booming during football season locals enjoy the money they make, and the school enjoys donations.
The Legislature of the State of Tennessee, on the 11th of February, 1852, enacted a law "to establish a system of internal improvements," in which it was provided that the state should issue to certain railroad companies therein named its negotiable coupon bonds, and that when the respective roads should be completed, the state should be invested with a lien upon each road and its superstructure and equipment, "for the payment of all of said bonds issued to the company as provided in this act, and for the interest accruing on said bonds." Held, in view of other provisions in the act and of the practical construction put upon it, that the lien thereby created was created to secure payment to the amount of indebtedness it thus undertook to incur, and not payment to the holders of the state bonds thus agreed to be issued, and that the state could accept payment in other mode or modes than those pointed out by the act or acts creating the lien, and could cause the property to be released from it, either by legislation or by foreclosure under the statute, while the bonds issued to the company for the construction of the road released or foreclosed were still outstanding and unpaid.
These are suits brought by the holders of unpaid bonds of the State of Tennessee issued to various railroad companies under the Act of February 11, 1852, "to establish a system of internal improvements," to enforce the lien which was vested in the state by that act on the property of the companies respectively as security for the payment of the bonds and the accruing interest thereon. The sections of the act on which the rights of the parties depend are 1, 2, 3, 4, 5, 6, 7, 10, 12, 13, and 14. These are as follows:
the Governor of the state that said subscriptions are good and solvent, and whenever said company shall have graded, bridged, and shall have ready to put down the necessary timbers for the reception of rails, and fully prepared a section of thirty miles of said road at either terminus, in a good and substantial manner with good materials, for putting on the iron rails and equipments, and the Governor shall be notified of these facts, and that said section, or any part thereof, is not subject to any lien whatever other than those created in favor of the state by the acts of 1851-1852, by the written affidavit of the chief engineers and president of said company, together with the written affidavit of a competent engineer by him appointed at the cost of the company, to examine said section, then said Governor shall issue to said company coupon bonds of the State of Tennessee, to an amount not exceeding eight thousand dollars per mile on said section, and on no other condition, which bonds shall be payable at such place in the United States as the president of the company may designate, bearing an interest of six percent per annum, payable semiannually, and not having more than forty nor less than thirty years to mature."
"SEC. 2. Be it enacted that the bonds before specified shall not be used by said company for any other purpose than for procuring the iron rails, chairs, spikes, and equipments for said section of said road and for putting down said iron rails, and the Governor shall not issue the same unless upon the affidavit of said president and a resolution of a majority of the board of directors, for the time being, that said bonds shall not be used for any other purpose than for procuring the said iron rails, chairs, spikes, and equipments for said section and for putting down said iron rails, and the Governor shall have power to appoint a commissioner to act under oath in conjunction with said president in negotiating said bonds for the purposes aforesaid and to act in any other matters pertaining to said company where the interest of the state, in the opinion of the Governor, may require it."
aforesaid, they shall constitute a lien upon said section so prepared as aforesaid, including the roadbed, right of way, grading, bridges, and masonry, upon all the stock subscribed for in said company and upon said iron rails, chairs, spikes, and equipments when purchased and delivered, and the State of Tennessee, upon the issuance of said bonds and by virtue of the same, shall be invested with said lien or mortgage without a deed from the company for the payment by said company of said bonds, with the interest thereon as the same becomes due."
"SEC. 4. Be it enacted that when said company shall have prepared as aforesaid a second section or any additional number of sections of twenty miles each of said road connecting with a section already completed for the iron rails, chairs, spikes, and equipments, as provided in the first section of this act, and the Governor shall be notified of the facts, as before provided, he shall, in like manner, issue to said company like bonds of the State of Tennessee to an equal amount with that before issued under the first section of this act for each and every section of twenty miles of said road so prepared as aforesaid, but upon the terms and conditions hereinbefore provided, and upon the issuance of the said bonds, the State of Tennessee shall be invested with a like mortgage or lien without a deed from said company upon said stock and upon said first and additional section or sections of said road so prepared, upon the rails and equipments put or to be put upon the same for the payment of said bonds and the accruing interest thereon, provided that if the last section of said road shall be less than twenty miles or if the railroad proposed to be constructed by any company hereinafter specified shall be less than thirty miles in extent, bonds of the state shall be issued for such section or such railroad as may be less than thirty miles in extent for an amount in proportion to the distance as provided in this act, but upon the same terms and conditions in all respects as required in regard to the bonds to be issued for the other sections of said road. And when the whole of said road shall be completed, the State of Tennessee shall be invested with a lien, without a deed from the company, upon the entire road, including the stock, right of way, grading, bridging, masonry, iron 781b155fdc