Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1945-08-16

Separate sealed bids will be the County Com
missoners of Montgomery County the office of the Clerk of
said County Commissioners Rockville Maryland until o'clock
A. M. Eastern War Time ~
ON TUESDAY, AUGUST 81. 1915
for the purchase of Eight Hundred xyve Thousand Dollars
s650OO0O) value serial maturity bonds known
Montgomery County Refundng Bonds of 1945 Series b. and
Twenty Thousand Dollars ($200O00O 1915 Hlandae Voun
teer Fire Department Bonds.
At11:05 O'Clock A. M. date said sealed bids will be
publicly opened by said County Commissioners
gomery County said Clerks office will be
awarded to the highest responsible bidder for cash.
The bonds will all be dated September 1916
be Eight Hundred Eghyfve 1885, of said bonds the par
value of One Thousand Dollars $1OOOOO) each, Eight
Hundred Eghtyve Thousand Dollars ($S850O00O they
will bear interest at the rate fixed the accepted
bids hereinafter provided payable semannuay the
first days of March and September year until
urity of said bonds in accordance with interest be
attached to said bonds
The Montgomery County Reundng Bonds of 1945 Series
B. will be numbered consecutvely from Number One "a to
Number Eight Hundred and Sixy-fve $685. both
elusive and they will be issued payable in
annual serial nsaments of Ten Thousand Dollars $OO00O0
the first day September years 1913 to
1851 both incusve Twenty-Five Thousand Dollars $25OO0OOp
par the first day of September years
1862 both inclusive; and Fifty Thousand Dollars ($5OeOO00)
amount the first day of September years
1973 both inclusive Such mature in the order of
their consecutive numbers that Number to Num-
Der TO- both inclusive, will day Septem-
ber 1913 and Bonds Number $685. both inclusive will
mature September l, 1878.
The 1945 Handale Volunteer Fire Department Bonds will
be consecutvely from Number One az to Number
20) both inclusive and will he mature and be pay
able in equal serial nstamens of One Thousand Dol
lars $lcOO0O) par the day September in
the 1916 1865 both bonds will mature in
the order of their consecutive numbers that Bond Number
will mature and be payable the first day of September
1916 and Bond Number 20 will payable on the
first day Of September 1865
Both the principal and interest the bonds will be payable
in lawful of the United America at the time
Of payment at the Farmers Banking and Trust Company
Rockville, Maryland.
The bonds subject to registration as to prn
cpal only at the office Of the Clerk of County
Commissioners of Montgomery County, Registrar Rockville
Montgomery County, Maryland
The proceeds of the said Montgomery County Re-
funding Bonds of 945 Series exclusively for
refundng outstanding indebtedness of the County Commits
soners Of Montgomery County maturing July l. 945
and June 80 1916 both inclusive for no other purpose
except that any premium received be used for purpose
of paying the of engraving printing said bonds and all
other incidental costs and connected issuance
thereof.
The proceeds of the 1916 Handale Volunteer Fire Depart
men Bonds are to be used exclusively for the and
equppng of Fire Department Building in the Hianda Fire
Department for other purpose except that the
Treasurer of Montgomery County pay out of the
OF sale all expenses incurred in the bonds and
any accrued interest collected shall to nav the first
maturity coupons said bonds
Bidders are requested specify bids the rate or
rates Of interest be paid bonds on which rate or
rates their bids based and The rate or rates
OF interest shall not exceed annual rate of 4 fixed NV
statute and must be in mutpes eighth or Of
one per cent Bidders specify one rate of inter
est @ be borne by the bonds but may specify more than one
interest rate for the bonds of any maturity The bonds will
De awarded to the bidder naming the or combined
rates OF interest named legally acceptable proposal and
oeng to pay not less than interest for the
bonds AS between bidders naming same rate or rates of
interest," the proposal of the bidder offering pay the largest
pernum WI" accepted where the bids bidders
are Identical IN all respects the bonds will be apporoned equally
between all such bidders but this shall prove the
county Commissioners of Montgomery County may in its dis
ceton determine to which of said bidders bonds will be-
awarded The lowest rate rates of interest will determined on
the basis of the lowest interest County of the bonds
SO issued from the date of their last date of ma
urly OF any OF said bonds by adding the dollar in
erest payable each bond maturity any proposal
and dedctng from the total thereof the premium
offered to be paid for such bonds in any proposal
The right reserved to the County Commissioners of
Montgomery County to reject any all bids