Evening star., 1960-04-13
100000 WHEATON
PARKING LOT DISTRICT BONDS,
SERIES

These bonds are issued under the pro-
visions of Chapter o. the Laws OF
Mont t9Omery County G9lab and mature
| in the principal amount Of $4,000 IN
| each of the years 1861 TO 1865. in
elusive $4,000 in each of the years
| 1866 to 1870. inclusive. and $4,000 in
elusive The proceeds Of the sale Of
these bonds will be used for the pur-
| pose OF financing certain of-SUeet
| parking facility Improvements in the
| Wheaton Parking Lot District in the
County.
The principal and interest of these
| bonds Will he PAYABLE in lawful money
| time OF payment al the principal trust
office in New York City Of The Chase
Manhattan Bank. or at the option Of
6noh tn hoafT Trus at hn n'RS Of MarTan9 HfG d.
Baltimore ,. Maryland, or at the option
| OF the holder at The Montgomery
County National Bank. Rockville.
| in coupon form, in the denomination
OF One Thousand Dollars 81 .OOO each.
subject to registration as to principal
by the Director Of FINANCE, County
| Office Building. Rockville. Maryland.
! Bidders are requested to submit their
bids in a sealed envelope marked Pro
Alex x Hancock. Director of Finance,
! County Office Building. Rockville,
Maryland. such proposal to be accom-
panied by a certified. cashiers or
| treaSurer'S check upon an incorporated
bank or trust company, payable to the
order Of Montgomery County, Mary
land. for One Hundred Fifty Thousand
Dollars tSl5O.uuOj The check of the
successful bidder will be collected and
The proceeds thereof retained by the
County to be applied in part payment
for the bonds, and no intereS, will be
allowed uDon the amount thereof but
in the event the successful bidder shall
fail to complv with the terms of his
bid, the proceeds of such check shall
damages The checks Of the unSuccc.s-
tul bidders will be returned promptly.
The County Council viii not consider
and will reject any bid for, the pun
described bonds The right is reserved
to reject any and all bids
Bidders must bid at least par for the
bonds and must specify the rate or
not exceeding five per centUm '5',D
per annum, in multiples of one-auartcr
ga or one-tenth nIm of one pcr
centum 90. Bidders may not specify
more than one rate of interest for
bonds maturing on any single date
The award. If made, will he made
the bidder offering the lowest net
interest cost to the County. such in
tereSt cost TO be determined by COM
putting the tota' interest to maturity
thcrefrom the premium bid, il anv.
provided. however. that II two or more
bidders offer TO purchase said bonds
AT tho same lowest rate Of interest.
'hen such award will be- made to the
bidder Offering the highest premium
Upon Davn7en Of the amount Of the
successful bid or bids. together with
accrued interest. less the deposit there
tofore made. the bonds will be delivered
as soon a practicable. upon due notice
and a. the expense Of the County. to
the purchasers at the County Office
Bulding in Rockville Maryland or at
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-
ocable pledge of the full faith and credit
OF Montgomery County.
The issuance of these bonds viii be
subject to legal approval BY Alfred H.
Garter ESQ County Attorney for Mont
zompry County and by MesSrS Smith,
Scmervil'e & Case. Of Baltimore. Mary
and. and copies Of their opinion Will
bP delivered upon request. without
rharre, 10 the successful bidder for the
nonds There will also be furnished
no usual CLOSING papers including a
i'iraton pending affecting the validity
the bonds
Further information concerning this
lf Of bonds. together with the finan-
-lal statement Of Montgomery County.
ard other data in reference thereto.
zili be supplied to prospective bid6ers
aaon request made 70 the undeTsIEneJ
at he County Office Building, RockvhS
Maryland
ALEX K HANCOCK,
Director Of Finance