Evening star. [volume] (Washington, D.C.) 1854-1972, 1956-07-06
PROPOSALS
Notice of Sale
The Maryland ationa

Inc OBSERVATION-DISCLOSURES
Capital Park and
Planning Commission
$l,750 Bonds of Series T,
Series z and Series &C
Guaranteed by Montgomery
County, Maryland
100000 Bonds of Series U
Guaranteed by Prince
Georges County, Maryland
Sealed proposals will be received
by the Maryland-National Capital
Park and Planning Commission at
4S11 Riverdale Road, Riverdale,
Maryland. until 1900 O'Clock Noon.
Eastern Daylight Saving Time. on
Tuesday, July "a, 1856
For the purchase, as a unit,
of the four series of bonds
described below:
All OF said bonds will be dated
July 1, 1856. will be in the denomi-
nation Of 81 900, will bear interest
phydDle SculldHlluduy vi llle AilsS
days of January and July until
maturity. will be in coupon. form,
registrable as to principal only. and
will be issued to mature in serial
installments on July ! in each OF
the years or 1872 to 1875 inSlTsgs
Principal and interest will be pay
able at the principal ONCE Of Clti-
zens Bank OF Maryland, Riverdale,
MARYLAND. All of said bonds, will
constitute general obligations Of the
be exempt from taxation BY the
state Of Maryland and by the
counties and municipalities OF said
State.
The bonds hereby offered
are:
100000 Advance Park Acoui-
sition Bonds. Series T, uncondition-
ally guaranteed as to payment OF
principal and interest by Montgom;;
from No. / upward. and maturing
in numerical order, $4,000 on July
! in each of the years 1857 to
1876, inclusive.
100000. Advance Park Acaui-
sition Bonds, Series U, uncondition-
ally guaranteed as to payment Of
Georges County. Maryland, num-
bered from No. | upward. and ma
turing in numerical order. $4,000
on July l in each of the years 1857
to 1875. inclusive.
S5OO.OOO. REGIONAL once Build
ing Bonds, Series z, Internationally
cipal and interest by Montgomery
County, Maryland. numbered from
No. / upward, and maturing in nu-
merical order, $4,000 on July ! in
each OF the years 1857 to 1875.
$3.50, 600. Little Falls Branch
Park Development Bonds, Series &C,
Internationally guaranteed as to
payment Of principal and interest by
Montgomery County. Maryland. num-
bered from No. ] upward. and ma
on July in each Of the years 1857
to 1866. and $4,000 on July l
in each Of the years 1867 to 1876
The above issues of bond will
Bidders Msf0 are 'O reGuired to ot make a
proposal for the issues guaranteed
by Montgomery County, and a sep
arate proposal for the issue guar
anteed by Prince Georges County,
prescribed form accompanying the
Ofncial Statement. No proposal for
said issues Of bonds. Offering to
purchase less. than all thereof or
offering a price less than par and
The right is reserved to reject any
and all bids. Each proposal must
be enclosed in a sealed envelope,
marked Proposal fol-. The Maryland
National Capital Park and Planning
j. Series z and Series &C." Each
proposal must be accompanied by
a certified. cashiers or treasurer's
check upon an incorporated bank
or trust company, drawn to the
Forty-five Thousand Dollars (S45.-
O00) as good faith deposit to
secure the Commission against any
loss resulting from the failure OF the
bidder to comply with the terms Of
allowed on the amount Of the de-
post Of the successful bidder, which
will be credited on account OF the
total purchase price OF the bonds:
Cheeks deposited BY unsuccessful
when the bonds are awarded to the
successful bidder.
The bonds will be awarded on
the date above stated for receipt Of
proposals and well be delivered to
time thereafter. without additional
charge in Washington. D c., Balti-
more, Maryland or New York. N. y
as DESIGNATED by the purchasers.
Accrued interest will be adjusted TO
the, date Of delivery Of the bonds
Bidders are requested to name
the interest rate or rates, not
exc sxceedinE four p per e,sntum9 go
1/10. OF III. on which their bids
are based and each bidder must
specify in his bid the interest rate
maturities Of the bonds. Bidders may
specify a different rate OF interest for
each year Of maturity but may not
specify more than one interest rate
for any serial maturity Of the bonds
guaranteed by Montgomery County,
Maryland, or more than one in
Of ne Bonds .0r gu n BY Prince
Georees County, Maryland.
No bid Of less than par ard
accrued interest or for less than all
OF the bonds offered will be enter
tanned. The bonds will be awarded
e the bidder offering rn, to purchase s.
TO the Commission, such cost to
be determined by deducting the
amount OF any premium bid from
the aggregate dollar amount of
interest payable upon all Of the
bonds from their date Of issue until
their respective maturities, Where
the same lowest Interest cost, the
Commission may divide the bonds
between said bidders, but II this
should prove unacceptable or un-
feasible, the Commission shall have
the right TO determine 70 which
81 Oil said 81 , Sisdsrs all Of said bonds
All Of said bonds are authorized