Evening star. [volume] (Washington, D.C.) 1854-1972, 1960-03-09
PROPOSALS

MARYLAND, HOSPITAL FHcIIi.
COUNTY oP 1seS.rseSi ndN BIDS
will be received by the County
Commissioner Of Charles County
in their ofiices in the Court House.
LaPlata, Maryland. until 11:0O
O'Clock am, Eastern Standard
Time, on Tuesday. March 90,
1850, for the purchase Of $780,
600 90 aggregate par value serial
maturity general obligation eou-
missioners Of Charles County,
dated April /. 1860. and all bear
ing interest payable semi-annual-
ly on the LIST days Of April and
October in. each year until the
maturity thereof. The bids will
be opened in said offices imme-
diatelv after said time and the
sward will be made in said Offices
on the same day.-The bonds will
be in the denomination OF 1000
each and win mature in numeri-
cal order in each year on April
as follows: $4,000 in each OF
100000 in each Of the years 1871
to 1878, inclusive: and viii bear
interest at such rate or rates not
exceeding AZ per annum as are
specified in the successful bid.
Both the principal Of and inter-
est on the bonds will be payable
at the principal once Of Mercan-
tile-Safe Deposit and Trust Com
pany, Baltimore. Maryland, in
any coin or currency Of the
United States Of America which.
at the respective dates Of pay
ment thereof. is legal tender for
vats debts. The bonds will be
issued subject to registration as
TO principal only BY said Mercan-
tile-Safe Deposit and Trust Com
pany, as REGISTRAR. None Of the
bonds may be redeemed prior to-
maturity. The proceeds Of the
bonds win be used to purchase
property and erect thereon add
tional hospital facilities in Charles
County on or adjacent to the
present hospital site. Bidders are
requested to name the interest
rate or rates to be borne by the
mum, in multiples Of 1 18th or
1i10th Of 10, and each bidder
must specify in his bid the inter-
est rate for the bonds Of each
maturity. Bidders may specify
more than one interest rate to be
borne by the bonds, but may not
specify more than one interest
rate for the bonds Of any one
maturity. The bonds will be
awarded to the bidder Offering to
purchase the bonds at the lowest
interest cost to the County, such
cost to be determined by deduct
MUM paid, II any, from the
aggregate amount Of interest upon
all Of the bonds until their re-
spective maturities. No bid Of less
than par and accrued interest to
the date Of delivery will be enter
tanned. No bid for less than all
OF the S400,0O0.O0 of bonds now
offered will be accepted. II two
or more responsible bidders have
made bids, each Of which Is the
highest at the lowest interest cost
then such bonds may be awarded
in Q ratable proportion among
this should prove unacceptable.
the County Commissioners Of
Charles County may determine to
which of said bidders said bonds
will be awarded. Bids must be
for cash upon delivery. and must
be enclosed in . sealed envelope.
addressed to the County Commits
sioners OF Charles County, and
there must be indicated on the
outside of the envelope: Bid for
Hospital Facilities Bonds Of
Charles County Of 1850" Each
bid must be accompanied by 81
certified check upon. or treasurer's
or cashiers check Of, respon-
sible banking institution, drawn
to the order Of the Treasurer OF
Charles County, Maryland. in the
amount Of $4,000, as Q guaran-
tee Of good faith, to be forfeited
rs liquidated damages BY the sue
eessful bidder should he fail to
take up and pay for the bonds
when ready, Checks deposited by
unsuccessful bidders will be re-
turned to them when the bonds
are awarded to the successful
bidder. No interest will be. al
required deposit. The bonds will
be issued pursuant TO the author
ity Of Chapter S13 OF the Laws Of
1857 Of Maryland, and pursuant to
the initial resolution Of the Board
Of County Commissioners Of Charles
County and q final resolution Of
said Board awarding the bonds
and fixing the rate or rates Of
interest. No conditional bid will
be accepted unless such condition
is waived BY. the bidder to the
T. cemmis 81 s1 00I q u cSSf Ie
County before opening Of the
bids. AH~ bid conditioned upon
approval Of the bidder or Of
counsel, whether named or un-
named, will be REGARDED as q con-
ditional bid. The full faith and
credit Of the County Commits
sioners Of Charles County has
been irrevoeably pledged to the
payment Of the principal Of and
the interest on said bonds. The
SSG nS AZ Y a IsSsv By the lew En a.
vaiorsm taxes upon all property
subject to assessment for un-
limited taxation within the Coun-
ty sufflcient in rate and amount
to pay the principal Of and the
interest on the bonds as they re-
spectively become due and pay
abe. Under existing law, these
bonds are exempt from State,
County and Municipal taxation in
the state of Maryland. and in
the opinion OF Bond Counsel; on
the basis Of existing legislation.
from Federal income taxes. The
bonds will be delivered to the
purchaser within Q reasonable
time after the sale thereof, at
the once Of the County Commits
sioners OF Charles County, La
Plata. Maryland. or at any in
corporated bank or trust COM
pany in the City Of Baltimore.
Maryland, without expense to the
purchaser; II the purchaser shall
cry. such delivery will be made
at the expense OF the purchaser.
The County Commissioner Of
Charles County reserve the right
to reject any and all bids. The
legality of this issue will be APP
proved by Messrs. Piper a. Mar
bury. Baltimore. Maryland. Bond
Counsel and Louis P. jenkins,
Esquire. Counsel to the County
Commissioners OF Charles County,
LaPlata, Maryland, and the ap-
proving legal opinion Of said
attorneys, accompanied BY the
usual closing papers. will be de-
livered to the purchaser without
charge. Pertinent information
concerning the finances of Charles
County and other appropriate
data will be furnished upon re-
quest by NJ. c. Blackmon, Clerk
TO tina Board Of County Commits.
sioners Of Charles County, Court
House, LaPlata, Maryland. JOHN
I. SULLIVAN, Chairman: W. ED
WARD BERRY, JOHN 8. COOK
eEY,. County Commissioners Of
Charles County. mhe.ll