Evening star., 1953-03-16
To Place . Star Classified Ad
Call
Sterling $4,000
And Ask for Ad Taker
OFFICIAL NOTICES lcont.D
~ MAyoR RoSNv1A4SP ANP s2gy; coyNGH 4s,,

$275, 10000
Water and Sewer Bonds Of 1868
dated January /, 1859
Sealed bids will be received by the
Mayor and Council Of Rockville.
municipaiity,- 11o Commerce Lane.
Rockville, MARYLAND, until 1900
Time. on WEDNESDAY. MARCH rs.
1853, for the purchase Of Two
lars psr Saae serial PG
maturity general obligation coupon
bonds OF said municipality, all dated
january /, 1868. and all bearing
interest payable SEMI annually on
tp.rsos r each year until the maturity
At 1905 PM. on said date, said
bids will be opened in the presence
Of Of the Mayor and Council Of Rock.
highest Responsible SD % bidder therefor
on the basis hereinafter set forth.
The right Is reserved to the munich
pality to reject any or all bids.
Said bonds will be numbered consecu-
Hundred Seventy-five (275), both
numbers inclusive and will mature
and be payable in the order Of their
consecutive numbers in consecutive
annual serial installments over q
ming with the year 1854 to and in
cluding the year 1883, on January
1st Of each of such years, five (5) of
said bonds maturing on January 1st
in each of the years 1854 to 1858.
ond an ssn @ 1st Sae saeS snf
the years 1859 to 1888, inclusive,
when all Of said bonds will have
matured and been paid.
Both the principal and interest Of the
money Of the United States Of Amer
lea at the time Of payment at the
Farmers Banking and Trust Com
pany Of MONTGOMERY County, Rock:
vile, Maryland, and the bonds will
e ss9s pTncipsi spOssSs ony Sy ths cispR
the Mayor and Council OF Rockville,
11O Commerce Lane, Rockville.
MARYLAND. The bonds will be issued
without option Of prior payment,
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 sub
est shall not exceed the annual rate
Of four per cent (4b) and must be
in multiples of one-eighth (Ml or
one.tenth (IT) Of one per cent u%).
Bidders may specify more than one
interest rate to be borne by said
than one rate for any bond Of sny
annual series Of said bonds. The
bonds will be awarded to the bidder
quoting the lowest rate or combined
eally 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 offering
to pay the largest premium for said
bids Of two or more bidders are iden::
tical in interest cost the bonds viii
be apportioned equally between said
bidders, but If this should prove un-
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
the municipality OF the money bor-
bonds to the last date Of maturity
thereof by adding the dollar amount
Of interest payable on each bond to
maturity under any proposal and
the amount Of premium offered to be
paid for such bonds in any such pro-
posal. Each bidder is requested to
show on his bid the average interest
cost to the municipality and the
total dollar amount Of interest, pay
produced by said bid, but this re-
quest shall not constitute q condi-
tion of the sale.
Each bid must be enclosed in a sealed
envelope addressed to the Mayor and
Council of Rockville, and marked on
SEWER sss oqssd soads d o s5 S Wsti EasS sacS aeS
bid must be accompanied By q cer-
tified check drawn to the order Of
the Mayor and Council Ct Rockville
for Seven Thousand Five Hundred
Dollars ($7.500.0O. to secure the
,sulting from the failure. Of the par
ticular bidder to comply with the
terms Of his bid. Checks deposited
by unsuccessful bidders will be re-
turned asS to them when the bonds S,ss are
No interest will be allowed on the
amount Of the above required de-
posit. but accrued interest on said
bonds shall be adjusted to the date
Old OF deiiyery tysEs,Sa Of the bonds and pay
The bonds are issued pursuant to the
authority of Section 1892, Mont
gomery County Code Of 1850.
The full faith and credit Of the
been irrevocably pledged to the pay
ment Of the maturing principal and
interest Of said bonds, which such
principal and interest are payable
primarily from special benefit as
ssanst Sropeey Oy sypecaa eee beneegS
by the water and sewer line extern
stons installed from the proceeds Of
the sale of said bonds and, Sec
ondarily from the AID VALOREM
taxes t,;S,.IIs hsreinafter described; The mu;
Assembly above mentioned, annually
to levy AID VALOREM taxes upon
all assessahle property within its
corporate limits sufficient in rate
payments % or any dsficiency vi in the the
proceeds Of said special benefit as
sessments. This direction has been
complied with in the ordinance
above mentioned: The municipality
special benefit assessments and to
levy AID VALOREM taxes, with
out limitation as to rate or amount,
on all real property within its cor
porate limits subject to assessment
of tangible and Intangible personal
Under existing laws, these bonds are
exempt from State, County and
Municipal taxation in the State of
therefrom is exempt from Federal
income tax. In the event that prior
to the delivery Of the bonds the in
come received by private. holders
character shah be declared to be
taxable under present Federal In
come tax laws, either by q ruling
Of the Bureau OF Internal Revenue
or by . decision Of any Federal
the terms Of any Federal income tax
law, the successful bidder may, at
his election, be relieved Of his obi.
cation under his contract to pur-
chase. the bonds, and In such cases
iis, ne &c deposit estt,-ns aceompanyins his bid
Information concernins the financial
condition Of Rockville viii be sup
Piled to any prospective bidder upon
request made to John q. Mcdonald,
City Manager Of Rockville, 11O
Commerce Lane, Rockville. Mary
The bonds will be delivered to the
purchaser without charge, within Q
reasonable time after the sale there
Of IN washington, p; C.. or Balti-
win be at the expense Of the pur-
The legality Of the issue viii be ap-
proved by Messrs. Niles. Barton.
Yost q Dankmeyer Of Baltimore,
lon Of these gentlemen will be de-
nvered, upon request, to the pur-
chaser Of the bonds, without charge,
Customary closing documents, In
cluding Q mobilization certificate
viii accompany the bonds ct de-
livery.
BY order Of:
MAYOR AND COUNCIL
OF ROCKVILLE,
DANIEL r. WEDDLE,
mh16,1S Mayor
LEGAL NOTICES