Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1954-05-13
MAYOR AND COUNCIL
OF ROCKVILLE, MARYLAND
SALE OF

SERIES AND SERIES
dated May 1, 1954J
M 5 be @ s BY s ana fs
O'Clock Noon Eastern Daylight Time on
TUESDAY, MAY 25 1854
e par of Is n MUn THREE Dollars
bonds OF sald munepay all dated May 1854 all the denom
payable mia tS the first May
veil be attached Tor which semi
Ro M ne fP e 6onds ne
the highest responsible bidder therefor
The right is municipality reject any or all
d Sond ssss divided into designated
1 $50 b9nds numbered
Eight Hundred Three sos ponds numbered Con-
nc a one Both F sd bon sr o
payable in the order of their consecutive numbers varying
S sy sef GfsfHeeG
Of said bonds
SPEC IF e
W Sa @ yar @ f nne ee S
sfn%s a asc on the the 49, % a and said
Of c in e ss St @ s n7 T
e e0nd the a Sea s s d a bonds said SH
tie tie 5s5s
Both the principal and interest of the bonds will
n e Sa e eo S Bsn At the nS
land and the bonds will be issued subject registration prn
Ia Rockville Maryland will be issued Without opon
Bidders requested submit proposals for
the purchase both Series Of the bonds above described No bid
Bidders requested specify
are based and submitted The of
SS d f9 Of on aaq cent e d
By e. 5sa Sc
specify interest for any annual maturity Of
combined n rates interest named legally acceptable
thy S a s@ Pa6 5 O Of a e be-
Posa OF the bidder offering the largest
Identical I the bonds win apporoned equally
and and Souae Of Rockville determine which
determined the basis Of interest cost to the mu
@0Of @ t bS a6
under deducng thereof the amount
6ar offered BE paid for such bonds such
the the amount Interest pay
quest shall constitute sale M '"' '"' i
SF snd a6 SGS of a oil @ ess on and e B
saeSh sFiT% t. s
6sug o e e of s bH
bdge me shs Ten the
on f Gf The be
to the date OF delivery Of the bonds and payment therefor
Section and tPf the au fs o@e
msnIn s G Gn999sa 81 s
DE e Anedaea code to Of MaaSS @ D Of
Of 1854 The sua asn of aS
by e RG of
land with the approval Attorney General of
Maryland Both Series said
of the Mayor and Council of Rockville adopted May g. 1854
The full faith and credit of the Council of Rockville
has been revocaby pledged the maturing pr
cpa interest of said bonds by the Ordinance mentioned
Both said principal and interest payable from the
valorem taxes which said municipality
above mentioned to levy annually all assessabe property
in its corporate limits in rates and
for SAID principal and interest payments and which said
ncpay has levied by the Ordinance
Series are additionally secured by the pledge Of the proceeds
against all property specially benefited by the
mentioned ordinance provides that the
special benefit front foot shall
account of the maturing principal
that ad
purpose shall be coespondngy municipality
legally empowered impose such
and such has been exercised
bonds hereby offered is also
without limitation to
within its limits subject
certain of tangible and intangible
Under existing these bonds
municipal taxation in the State
derived therefrom is exempt from income
bonds will be delivered purchases
within reasonable time after the Washington
Baltimore Maryland Delivery elsewhere will expense
of the purchaser.
The legality of the issue will be by MeSSrS Niles
Yo Dankmeyer of Baltimore Maryland and the APP
the purchaser of the bonds without charge Customary
t