Evening star., 1960-04-18
100000 WHEATON
PARKING LOT DISTRICT BONDS,
SERIES ~

These bonds are issued under the BRO
MontsoEff,Sc MSisions Of chsptsr barter Z q the Laws y
The princpa TSqnsg amonnt S39 ., sga % uS ITO
each Of the years 1851 to 1855 an
Gusive, $1,000 in each Of the years
1865 to 1870. inclusive. and SO 900 in
e9sivs Of TRe ysa5s Hroc.egs a. ., to 3DI 1854 In
these bonds will be used for the buT-
pose OF financing certain off-strpet
nnatkinE nnE factlitv improvements trT the
County. -"
The principal and interest OF these
o9nns 20 th VII ne payable in lawful money
office in New York City Of The Chase
Manhattan Bank. or at the option sf
TTnioh The holder at the principal office Of
Baltimore 3 Maryland. or at the 6ptfoHni
SStGGnty CO Hr1,y National Bank Rockvfris:
co1pon form oGnqi in ths WI dep6mfnstsS Ss 5:sqs6
OF One Thousand Dollars CS1 .0OOl each. .
SUBJECT to REGISTRATION as 10 principsi
only on books kent for that puTposs
Sfice Building. Rockville, Marylshd'
Bidders are requested to submit VI1rlt
DIGS in sealed envelope marked "pr6-
4IsS ps foT H,1CGrt B"nd' n,aao. ,aadrssssa to MT
COUNTY Office Building. RookviIle,, 4,
MARYLAND. such pronoSal TO be accom-,
tpanleo nv certified. cashiers, or
bank or trust company. PAYABLE to the
order of Monteomery County. Mary-
Pr" PysTd; for One Hundred Fifty Thousand
Doiisrs Islho;o00l. The check Of the
the proceeds thereof retained by the
county to be applied in part payment
Inr The honds. and no interest will be
in the event the Succession bidder shslI
tan to complv with the terms Of his
old. the proceeds Of such check shall
Sr retained as snd, for full liouidated
III bidders will be returned promptly.
The County Council will not consider
an and viii reject any bid for the purs
described bonds. The right is IS reserved
N reject any and all bids
Bidders must bid At least par for the
ponds snd must specify the rata or
rates Of interest TO be paid thereon,
per annum. in multiples Of one-ousftsr
flAl or one-tenth II GTn) Of onp pbr
centum 1esl. Bidders may not specify
m2rs Rnn6. Than stn-,nH one rate Of interest for
promptlv after the bids are opened 10
ne bidder offering the Lowest net
tereSt cost to be determined by 'cor7-
putting the total interest 10 matnrifN
on all OF the bonds and deduCtinV
thereirom the premium bid. II any,
bidders offer 70 purchase said bonds
A. the same lowest rate Of interpgt
then such award will he made 10 the
bidder offering the highest premium
upon pavment Of the amount of the
successful bid or bids. together With
accrued interest. less the deDosit thefe-
tofors made. the bonds will be delivered
az soon as practicable. upon due notice
ana At the expense Of the COUNTY 10
the purchasers at the County office
the purchasers request. at the principal
trust office OF The Chase Manhattan
Bank. in New York City Delivery else
where will be made at the expense Of
the purchaser.
These bonds will constitute an irrev-
oea5ls pledge Of the fun faith and credit
The issuance Of these bonds will be
subject TO legal approval by Alfred u,
Carter. ESQ, County Attorney for Mont
Eomery County and by Messrs Smith
Somerville 4 Case. Of Baltimore. Mary
be delivered upon request. without
charge, to the successful bidder for the
bonds There will also be furnished
the usual closing papers. including 4
litiTstion pending affecting the validity
Further information concerning thts
sale Of bonds. together with the fnan-
cial statement Of MONTGOMERY County.
will be supplied 70 prospective biddsrt
upon request made 70 the undsrstEhsd
a. The County Office Building. Roekethe.
Maryland. #"
ALEX K. HANCOCK.
Director Of Finance :.