Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1954-05-20
MAYOR AND COUNCIL
OF ROCKVILLE, MARYLAND
SALE OF

Dated May l. 1854
M S the be @ BY the an Of FS
clock Noon Eastern Daylight lime
TUESDAY, MAY 25, 1854
for the purchase of One Million Three Hundred Thousand Dollars
ali dated May 1884, all IN the deno@
mar @ on the f Gays Of May and
annual interest coupons vii be aacned 0r WINCH SEMI
se e pm on sa date sad bids viii be opened the
the highest responsible bidder therefor the basis hereinafter
The right reserved the municipality reject any
Said bonds divided into Series designated
No one q ny
IN s both rn aes and Series
from One
payable in of their varying
in ee Of tAs 5S aS Ss a.
On Series & so Of mature as the 1883
d sP IN ss on the sS to g @ Of s
3 S saa DG mature "a 6n each g. the 1865 5
Of said bonds IN maturing The 49, thirty said bonds
year fore as Of said bonds maturing in each
Both the principal interest bonds payable
tine ge eo Bn o e S Of Pa
land and the bonds will be issued subject registration
Hall Rockville Maryland The viii option
requested written proposals for
the of both Series Of the bonds above described No bid
are requested to specify with their bids the rate
and Of 5
p % aS d@ Of one per- cent d
boae G y not and no more rates bs Of r est
of interest to be borne by the bonds Series but they
either of said SERIES - -0' all" ANNUAL maturity OIL
combined named any legally acceptable pro-
Poa and Offering to pay not less than par for the bonds be-
G as MRs s e e said
Identical in interest cost the bonds will be apporoned equally be-
assSS
be the basis Of the lowest interest the
the s he @0O %
tine aOaT and d a e each bond
Of premium offered to be paid for such bonds such
amount interest psy
@ 5 said Did, but this
Each bid must be ENCLOSED sealed envelope addressed the
Water and Sewer 1857 Series Each
@ syiT" t. s
Re cop ~ GsS
d. e e the bd y a the
bidder No interest will be allowed the noun Of the above
to the date of delivery payment
s5 and tf the
chapter Of Maryland G is47 the re
Be ssa S nj S sBoe q said s Of
s5 Edon "a By
Six aHndSsd
Of Rs s0d attorney
of the Mayor and Council of Rockville adopted May
The full faith credit of the Mayor Rockville
has been revocaby pledged the
cpa and interest of said bonds Ordinance
Both said principal and interest payable
Vaorem taxes which said municipality
above mentioned levy annually
its corporate limits in
for said principal and interest
ncpay has levied by the Ordinance
of Series additionally secured
benefit
against all property specially the
with the
mentioned ordinance provides that
special benefit front foot shall
of the maturing principal
Series and that the ad valorem
said shall be correpondngy municipality
legally empowered to impose such special
such has been exercised prior
hereby offered 1t is also
without limitation to rate
corporate limits subject
of tangible intangible
Under existing laws these bonds State County
municipal in the Maryland
derived thererom is exempt from Federal income
within reasonable time after the sale thereof Washington D. c.
Baltimore Maryland Delivery elsewhere will be at the
of the purchaser.
legality of the issue will be approved by MessS Miles,
Barton Yost Dankmeyer OF Baltimore Maryland and the
opinion of these gentlemen will be delivered
the purchaser of the bonds without charge Customary closing
documents including litigation certificate will the
bonds at delivery.