Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1953-02-26
PARCEL TWO


Charter and Chapter of the Laws of Montgomery County 1852 for
the of financing fire station
Fire Board, Incorporated of the County
All of said bonds dated March 1853
March in amounts and above
alton of $1,000 EACH will bear interest the
ceedng 49, specified by purchaser payable
September l. 1853 and semannuay thereafter
warren ana september ean year until maturity and are coupon
in form regseable to principal only both principal
interest and registered to both principal and interest
at the expense of the holder into bonds in form and
payable to bearer and both principal and payable
lawful of the United principal
office in the Borough of Manhattan City and State of New York.
The Chase National Bank of the City option
of the holder the principal office City Baltimore Mary
land of Union Trust Company Maryland the option of the
holder at the Office of the Montgomery County
Rockville, in Montgomery County, Maryland
The one onsec-
lively upwards in order of their maturites.
Such of said bonds
subject redemption prior any,
each issue which subject
dempon part the inverse order of their numbers
the option the County payment
thereafter
thirty 3o days prior the date of redemption
in published and circulating in said
in financial newspaper published circulating the City
York New York at edemntion nrice for each bond reded f
principal of such bond plus equal the
tanned by multiplying onequarter ) of
such principal by the years any
fraction of calendar remaining from the date redemption
to the date of maturity of such provided however,
shall such premium exceed three ) pr
cipal sum-
Proposals purchase the bonds included
Parcel of the bonds included included
both Parcels County consider and will
reject proposal the purchase of the bonds included in one
Parcel which is conditioned award of the bonds included
such Parcel and proposal for the purchase
than the principal amount thereof In addition to the price bid for
bonds the purchaser must
said bonds accrued to the date of of such price.
AS the bonds included Parcel shall
specify his proposal the rates of interest be
bonds in multiple of one-quae ~ O)
of centum 9) but than
specified for bonds maturing
excess of four per entum (g shall
in accordance with the proposal complying with the this
submitted by responsible bidder which offers the County
the lowest interest every
proposal to be computed by agggag all payable
on the bonds until their respective stated mae at the rate or
rates specified the proposal and dedug heeom any
the price bid therein for said bonds the principal thereof
Each proposal must be submitted sealed envelope marked
Proposal for Bonds and addressed Mr. Alex K Hancock
of Finance, County Rockville Maryland
must be accompanied by certified cashiers
payable to the order of Montgomery County Maryland for
29s) principal bonds bid for such
proposal drawn incorporated bank company
of successful bidder will be collected proceeds
by County applied part payment for the bonds
the County from resulting
the bidder comply with the his proposal
will be allowed upon the amount of such check Init anv f
the of such proceeds
cp amount of the bonds awarded such bidder will promptly
turned by the County to such bidder request.
The right proposals bonds in
cuded either of said Parcels and proposal complying
the terms of this notice will be rejected.
printed expense of the County Delivery
of bonds will be made the County House. Rockville Mary
of of
New York, be requested by purchaser thereof
In the that prior the delivery the in
holders
character shall be taxable by the
successful bidder his election
lions under the contract said
deposit accompanying his bid will be returned
In the opinion of David Macdonald, Maryland
County Attorney which will be furnished
existing laws the bonds State county city tax
alton in the State of Maryland
The bonds are offered and will be sold subject to the final
ing opinion of Hawkins Deed Wood of New York City, be
furnished to the purchaser without CHARGE stating
bonds valid and legally binding obligations of the County
punctua payment Of which the faith and credit
pledged and furthermore that the bonds
and Issue payable both principal ad
vaoem taxes which be levied all the tangible
sona property and certain intangible subject taxation by
the County without limitation Of
certain other intangible subject
County within limitations prescribed by
the bonds included in Issue d. Issue
Issue payable the first instance subject
from certain other receipts of the
paid payable both principal
ad vaorem which be levied