Evening star., 1955-11-22

WuIkh OepArtMtnIs 10QU MApie
Avenue. Takoma Park, MARYLAND.
half-ton dump truck. Serial number
BIB 1S-656.51s9-3l. Truck may be
seen at above address, and said
truck is TO be sold as Is, and Is
to be hauled away at owners ex-
pense within ~. hours after bid Is
awarded. No bids will be accepted
after 4 pm. on November 80. 1855,
with bids TO he opened on this date.
tratiYe Assistant. PUBLIC WORKS
DEPT. 1900. Maple Avenue. IA
koma PARK IL. Md.
no1s.1p.20,2i.22.53
MARY LOAN NOTES Of at pistrict
OF Columbia Redeyelopment Land
Agency washington, b. C.l. No
vember e2. 1965.-Sealed pro-
posals win be received By the Bis
triet. Of Columbia RedeveIopment
Land Agency Hereinafter called
the Local Public Agency''l at
Room 223, 499 Pennsylvania Ave-
nue.. NV, In Washington, D. c.,
unnL. anS publicly opened at Il
Der 8. 1855. for the purchase Of
$4;3S0,000 Of notes OF the Local
preliminary Loan Notes (Thtrd
Seriesl," being issued TO aid in
financing its Sium clearance and
urban redevelopment project. des-
ignated Project No. uR DC. l-I,
Tor which the. United States OF
Housing and Home Finance kd-
ministrator has agreed 70 make
loan under Title / Of the Hous.
ing Act Of 1919 public Law III
Slst Congress. approved July l6,
l949l to the Local Public Agency
70 assist In the latter's undertak-
ing and carrying out thereof. The
Notes Will be dated January 8,
july IS. 1850, wiz vii bear sT Dshass sntsrest az
st the rate. or rates per annum
faxed in. the proposal OF proposals
accepted for the purchase OF such
notes, win be Issued In such de-
nominations, and both principal and
interest thereof will be PAYABLE at
such incorporated Bank having
Tust powers OF Incorporated Trust
mates In his proposal. such Baik
or Trust Company must be 4 mem-
Der Of the Federal Reserve system
or Of the Federal Deposit fnsur.
ance Corporation. and must have
~ untmpatred capital and sur
plus Of not less than the aggregate
principal amount Of notes desig.
mated in the proposal or proposals
vided, however, that Such ur,in-
paired capital and surplus need
not exceed One Million Dollars
The notes will provide that they
are not valid until after such Bank
or Trust Company has signed the
agreement: appearing on each
note. TO act IS paying agent. The
notes viii be transmitted to such
livery 70 the purchaser upon re-
cetpt and disbursement by such
Bank or Trust Company Of the
purchase price thereof in Accord
ance with instructions from thel
Local Public Agency. After taking
delivery OF the notes the purchaser
Shan obtain the SIGNATURE Of such
Bank or Trust Company upon the |
not Iotss - a. Aforesaid Al fees orl
Trust Company shall Be paid byl
such purchaser. Said notes win
be special obligations Of the Local
Public Asency secured by . fequi-
sftion agreement between the Local
Public Agency. and the United
states Of America under. the terms
81 which Agreement the United
chase . Project Temporary Loan
Note Of the Local Public Agency
prior TO the maturity OF said notes
and in an amount sufiieient 10 pay
the, principal and interest OF all
said notes ana agrees to cause so
much Of the proceeds Of such
frolect Temporary Loan Note as
shall be sufncient to. pay the prin-
Rsfd SnfeE "a ~ darnvftsl - AZ
respective Bank or Trust Company
at which said notes are payable
for the benefit Of the holder or
holders OF said notes. Under the
proceedings authorizing said notes. |
the proceeds Of such Protect
Temporary Loan Note viii be ir-
revocably pledged 1ifst. % the pay
me msint; Z, at IT, 1ms;tgsrity, ;Itssity, q the prinei-
The validity Of the Preliminary
Loan Notes and Of said YeauisitIonI
Caldwell, Marshall. Trimbie |
& Mitchell. LIS Broadway. New
York 8, N. T., and such attorneys'l |
opinions VIII be furnished by the
Local Public Agency to the sue |
esssi1l 81 n1o,,os;f pnsenassr ;s yithous eharge
said notes shall be submitted in a |
form approved by the Local Public |
Agency. Copies OF such form OF |
proposal may be obtained from
the Local Public Agency at theI
address indicated above or from
the General Counsel Housing and
Home Finance AGENCY, Washing
so9 so1 sil n y D. .Cv 6; Prepossis ~, may be
and separate proposals pos vii III Be ose. te.
quired for each part Of said notes |
for which . separate interest rate |
Is bid. said notes will be awarded |
At the lowest interest rate or
rates offered In the proposals, with.
out reference 10 premium: provided, |
however. that % among proposals. |
specifying me same lowest interest
bssi: 81 fhs hishsss prem premium IN perII ses
dolleI principal amount Of notes
FOR less than $4,000 prineinsil |
amount Of said notes or for less |
than par and accrued Interest,"
(which interest shall be computed |
on . 360-day basisl will be enter
tsined a1a the Local Public Agencyl
bidder al or any part OF the notes |
which such bidder offers TO pur-
chase in his proposal, upon the |
basis Of such proposal. II only 4
part. Of the notes bid for In q pro-
po9al are awarded by the LOCAL.
Public Agency, the premium. I'll
any. offered In such proposal shall
be prorated, and said notes will
be issued In denominations in the
order OF the lowest denominations
spectfied In such proposal; pro.
Yided, that one note may be issued
n. smaller denomination than Is
Otherwise specified. The further
right Is reserved to reject any or
al, 81 ] Pre- proposals. as1 Title Title I oi said
follows: Civilizations, including In
terest thereon. isued by local pub
pursuant to this title. and income income
derived by such agencies from
such projects, shall be exempt from
all taxation now or hereafter. i'm
posed by the United States IN
the event that prior TO the de-
livery Of any OF the notes TO the
successful bidder therefor the in
come received by private holders
from obligations of the same type
and character shall be taxable BY
the terms of any Federal income
tax law hereafter enacted. the
ton. Be relieved 81 his obligations
under the contract TO purchase
EuMBI2 REDEvRLoPMENT REDEvVIRL I sSi LAND
AGENCY, By: JOHN r. 6EARLES.