Evening star. [volume] (Washington, D.C.) 1854-1972, 1953-03-18
MAYOR AND COUNCIL
OF ROCKVILLE, MARYLAND
SALE OF

S275, 10000
Water and Sewer Bonds Of 1858
DATED January /. 1859
Sealed bids will be received by the
Maryland agp ana in C0 the ONCE S N Of said
municipality. ITO Commerce Lane,
Rockville. Maryland, until 12:O0i
o'clock noon. Eastern Standard
Time, on WEDNESDAY, MARCH 25,
l95Si for the purchase Of I've
lars ($275,0O000) par value serial
maturity general obligation coupon
bonds Of said municipality. all dated
January l, 1858, and all bearing
interest payable Semi-annually on
IN each year until the maturity
thereof.
At 1905 Pm. on said date, said
bids will be opened in the presence
OF the Mayor and Council of Rock
Vile and the bonds awarded to the
highest responsible bidder therefor
The right is reserved to the munich
pality to reject any or all bids.
Said bonds will be numbered consecu-
lively from No. One % to No. Two
Hundred Hundred Seventy seyenty-fivea G275); both
and be payable in the order Of their
consecutive numbers in consecutive
annual serial installments over
period Of thirty 600 years begin
n nins with H. the year o 1884 to and in.
1st Of each of such years. five go Of
said bonds maturing on January 1st
in each OF the years 1854 to 1858.
inclusive, and ten 10 of said bonds
maturing on January, bst In each Of
when all of said bonds will have
matured and been paid.
Both the principal and interest Of the
bonds will be payable in lawful
money of the United States Of Amer
lea at the time Of payment at the
Farmers Banking and Trust Com
vile. Maryland. and the. bonds will
be issued subject to registration as
to principal only by the Clerk to
the Mayor and Council Of Rockville,
ITO Commerce Lane, Rockville,
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 re-
quested to specify with their bids
the rate or rates OF interest to be
paid on the bonds on which rate or
rates their bids are based and SUBJ
mitted. The rate or rates Of inter-
est shall not exceed the annual rate
of four per cent (4ScD and must be
in multiples of one-eighth (bl or
one-tenth CID Of one per cent 1fc).
interest," rate S 70 ts boTne By said
bonds, but may not specify more
than one rate for any bond Of any
annual series Of said bonds. The
bonds will be awarded to the bidder
quoting the lowest rate or combined
gally acceptable proposal and offer
ing to pay not less than par for the
bonds. AS between bidders naming
the same rate or rates OF interest,
the proposal Of the bidder onertng
to pay the largest premium for said
bonds shall be accepted; where the
bids Of two or more bidders are tden-
teal in interest cost the bonds viii
be epporttoned equally between said
acceptable, the Mayor and Council
of Rockville may determine to which
Of said bidders said bonds will be
awarded. The lowest rate or rates
of interest will be determined on the
basis Of the lowest interest cost to
rowed from the date Of issue Of the
bonds to the last date of maturity
thereof by adding the dollar amount
of interest payable on each bond to
%ssSEsy u fTom any Rs FSss thereU
the amount Of premium offered to be
paid for such bonds in any such pro-
posal. Each bidder is requested tc
show on his bid the average interest
cost to the municipality and the
total dollar amount Of interest pay
able over the life Of the bonds. al
produced by said bid, but this re-
quest shall not constitute Q condi'
ton Of the sale.
Each bid must be enclosed In Q sealeC
envelope addressed to the Mayor and
Council Of Rockville. and marked OF
the outside Bid for Water anS
sewer Bonds Of 1853" Each Sucl
bid must be accompanied BY Q Ger
tined check drawn TO the order o
the Mayor and Council Of Rockville
for Seven .1 T aS c9 rive .o MHnd e: