Montgomery County sentinel., 1956-02-09

$500 Georgia Avenue
Silver Spring Md. 1881
Notice of Sale
$6,SOO,OOO
MONTGOMERY COUNTY, MD.
GENERAL OBLIGATION
BONDS
$5,000,O00 SCHOOL BONDS,
SERIES l
$1,200,000 GENERAL
IMPROVEMENT BONDS,
SERIES E
$350,000 SILVER SPRING
PARKING LOT
DISTRICT BONDS, SERIES D
$250,000 BETHESDA
PARKING LOT DISTRICT
BONDS, SERIES d
Sealed bids will be received by
the County Council of Montgom.
cry County, Maryland, at the
County Office Building in Rock
vile, Maryland, until
u:00 O'CLOCK AM. (E.S.T.)
TUESDAY, FEBRUARY 2I, 1856
at which time said bids will be
opened, for the purchase of the
above bonds, being four separate
series, all dated April 1, 1856, all
maturing on April 1st in the years
and amounts below stated, and
all bearing interest payable semi
annually on the first days of
October and April until maturity,
divided as follows:
$5,000,000 SCHOOL BONDS,
SERIES l
These bonds are issued under
the provisions of Chapter 9, Laws
of Montgomery County 1955)
and mature in the principal
amount of $163,000 in each of the
years 1857 to 1866, inclusive,
$101 900 in the year 1867, $176,.
600 in each of the years 1868 to
1870, inclusive, $101,000 in the
year 1871, and $4,000 in each
of the years 1872 to 1886, in.
elusive. The proceeds of the sale
of these bonds will be used for
the purpose of financing school
improvements in the County.
$1,200,000 GENERAL
IMPROVEMENTS BONDS,
SERIES E
These bonds are issued under
the provisions of Chapter 8, Laws
of Montgomery County (1955)
and mature in the principal
amount of $4,000 in each of the
years 1857 to 1880, inclusive. The
proceeds of the sale of these
bonds will be used for the pur-
pose of financing the acquisition
and Improvement of land in the
County and financing road i'm
provements in the County.
$350,000 SILVER SPRING
PARKING LOT DISTRICT
BONDS, SERIES D
These bonds are issued under
the provisions of Chapter 16 of
the Laws of Montgomery Coun-
ty t1955) and mature in the prin-
cipal amount of $1,000 in each
of the years 1857 to 1866, inclu-
sive, and $4,000 in each of the
years 1867 to 1886, inclusive. The
proceeds of the sale of these
bonds will be used for the pur-
pose of financing certain off
street parking facility improve
ments In the Silver Spring Park
ing Lot District in the County.
$250,000 BETHESDA PARKING
LOT DISTRICT BONDS,
SERIES D
These bonds are issued under
the provisions of Chapter II of
the Laws of Montgomery County
(1955) and mature in the princi-
pal amount of $1,000 in each of
the years 1857 to 1866, inclusive.
and $4,000 in each of the years
1867 to 1886, inclusive. The pro.
ceedS of the sale of these bonds
will be used for the purpose of
financing certain off-street park.
ing facility Improvements in the
Bethesda Parking Lot District in
the County.
The principal and interest of
these bonds will be payable in
lawful money of the United
States of America at the time of
payment at the principal trust
office in New York City of The
Chase Manhattan Bank of the
City of New York, or, at the op-
ton of the holder at the prin.
cipal office of Union Trust Com.
pany of Maryland, Baltimore 3.
Maryland, or, at the option of
the holder, at the office of The
Montgomery County National
Bank, Rockville, Maryland. The
bonds will be issued in coupon
form, in. the denomination of One
Thousand Dollars $1,000 each,
subject TO registration as to prin.
cipal only on books kept for that
purpose by the Director of Fl.
nance, County Office Building
Rockville, Maryland.
Bidders are requested to sub
NIT their bids in a sealed envel
ope marked Proposal for Bonds
addressed to Mr.. Alex. X. Han
| cock Dirncfnr Of Einn,,nn g..