Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1952-01-03
MAYOR & COUNCIL OF
ROCKVILLE, MD.
Sale of
S2OO,OOO.OO
WATER & SEWER EXTEN
SION BONDS OF 1852
dated January 1, 1852


Sealed bids will be received by
the Mayor and Council of Rock
vile, Maryland in the office OF
said Municipality, 10 Commerce
Lane, Rockville, Maryland, until
1900 o'clock Noon, Eastern Stand
ard Time, on
WEDNESDAY, JAN. 16, 1852
for the purchase of Two Hundred
Thousand Dollars ($200,OO0O0)
par value serial maturity general
obligation coupon bonds of SAID
Municipality, all dated January /,
1852 and all bearing interest pay
able semi-annually on the first
days of January and July in each
year until the maturity thereof.
At 1905 PM. on said date, said
bids will be opened in the pres
ence of the Mayor and Council of
Rockville and the bonds awarded
to the highest responsible bidder
therefore on the basis hereinafter
set forth.
The right is reserved to the Mu-
nicipality to reject any or all bids.
Said bonds will be numbered con-
secutively from No. One Q) TO
No. Two Hundred (20O), both
numbers inclusive and will mature
and be payable in the order of their
consecutive numbers in consecutive
annual serial installments over a
period of thirty (3O) years begin
hing with the year 1858 to and in
GLIDING the year 1882, on January
1st of each such years, six co. Of
said bonds maturing on January
LIST in each of the years 1853 to
1862, inclusive, and seven (O Of
said bonds maturing on January
1st in each of the years 1868 to
1882, inclusive, when all of said
bonds will have matured and been
paid.
Both the principal and interest
of the bonds will be payable in law
full money of the United States of
America at the time of payment at
the Farmers Banking and Trust
Company of Montgomery County,
Rockville, Nd, and the bonds will
be issued subject to registration as
TO principal only by the Clerk to
the Mayor and Council of Rock
vile, 10 Commerce Lane, Rock
vile, Maryland. The Bonds will
be issued without option of prior
payment.
Bidders are requested to submit
sealed, written bids for the issue
Of bonds above described. Bidders
are requested to specify with their
bids the rate or rates of interest
to be paid on the bonds on which
rate or rates their bidders are ba-
sed and submitted. The rate or
rates Of interest shall not exceed
the annual rate of four per cent
49, and must be in multiples Of
one-eighth (1/S) or one-tenth
'1/10) of one per cent (1%5). Bid
ders may specify more than one
interest rate to be borne by said
bonds, but may not specify more
than one rate for any bond or any
annual series of said bonds. The
bonds will be awarded to the bid
der quoting the lowest rate OF
combined rates of interest named
IN legally acceptable proposal and
offering to pay not less than par
Tor the bonds. AS between bidders
naming the same rate or rates of
interest, the proposal of the bid.
der Offering to pay the largest
premium for said bonds shall be ac-
cepted; where the bids of two or
more bidders are identical in in
terest cost the bonds will be ap-
portioned equally between said
bidders, but if this should prove
unacceptable, the Mayor and Coun-
Gil of Rockville. may determine TO