Montgomery County sentinel., 1961-01-12

SERIES I'll
100000 BETHESDA PARKING
LOT DISTRICT BONDS,
SERIES I'll
100000 WHEATON PARKING
LOT DISTRICT BONDS,
SERIES C
$29O,OOO KENSINCTON
FIRE AREA BONDS,
SERIES B
viii BE ss by the
(7th floor in Rockville Maryland, 1ioo O'clock AM
TUESDAY, JANUARY II, 1861
which time said bids will be opened for the purchase Of the
1861 maturing February years amounts below
s o II and e RsaS a DIVIDED G s as
$1O,41O,OOO SCHOOL BONDS, SERIES
These bonds issued provisions Chapter g.
ws Of ddtg s c9ny % s Laws Of Mont
Cs5s) Chapter Laws Of Montgomery County 6iSso and
s @ s f Of es 10 & IN es as Ha the o
inclusive and years 1881 1891 inclusive
pose Of financing improvements in the County
100000 SILVER SPRING PARKING LOT DISTRICT
BONDS, SERIES
These bonds provisions Chapter
the Laws Of County 1850 and mature the p
IN each the 1ss years o 1ss Te p
f % the ese 5 Of es OOn will BE used for e Of
Silver Spring Parking Lot District in the County
100000 BETHESDA PARKING LOT DISTRICT
BONDS, SERIES
These bonds issued under the provisions Of Chapter Of
@ e % II ese cG o the s s 1852 fT f 5 5 p
and 5000 % % in each P the 1887 1891 inclusive
g Lot srfg h hf eac co in the
100000 WHEATON PARKING LOT DISTRICT
BONDS, SERIES
These bonds issued under the provisions of Chapter Of
cps Of % in in each of @ 1862 1895 inclusive
ceds Of the sale these bonds Will be used for the purpose Of
PARKING Lot 9 The cOny IN 'e
$29O,OOO KENSINGTON FIRE AREA BONDS
SERIES
Montgomery County 1855 and Chapter 13 Laws
Montgomery County 1880 and in the principal
1886 inclusive and $1,000 in each Of
sss ScS I be Ted for the pos Of certain
in e % sa and int q ssiss win BE
Of the principal trust office York City
anns o Suburban f Company al ff %
Of ne 6Ssa: s1SRSp
o purpose he to pfa Of Doy co e% 1G os se
sassss ts1 S s s % sealed T
Maryland such proposal to be ascompsned sg by cered
pa ps tnefs o @ dre an of bank or
Mar Maryland md for Two 70 Hundred Twenty Thousand Dollars 500
the thereof retained BY County to be applied in part
payment for the bonds interest will
amount thereof but in the event the
to comply with the terms of his bid the proceeds
shall be retained and for full qudated damages
OF the unsuccessful bidders will be returned promptly.
The County Council will consider and
for the purchase of less than all
The right is reserved to reject bids
Bidders must bid at least must specify
the rate rates of interest be paid
i've per cenum (5%) annum, in mupes onequarter
not specify than rate of interest
any single date.
The award made will be made promptly
opened to the bidder offering the to the
County, such interest to be computing
total interest to maturity dedicting
herefrom the premium bid, any, provided however that
TWO or more oders offer to purchase said bonds the
lowest rate of interest then such will to
bidder offering the highest premium.
Upon payment of the of the or bids
together with accrued interest less the deposit
notice and at the of the County the
County Office Building Rockville Maryland or at the pIr
chasers request at the principal trust office of The Man
haitian Bank in New York City Delivery elsewhere win be
made at the expense of the purchaser.
These bonds will constitute rrevocabe pledge the full
faith and credit of Montgomery County.
The issuance of these bonds will be subject legal approval
by Alfred H. Carter, Esq, County Attorney Montgomery
County and by Messrs Smith, Somervie Baltimore
Maryland and copies of their opinion upon
request without charge to the successful bidder
each bond There will furnished closing
papers including certificate stating that there
pending affecting the validity of the bonds
Further information concerning this sale of together
data IN reference thereto will be supplied prospective
upon request made to the undersigned the County Office
ing, Rockville Maryland.
ALEX K. HANCOCK
Director of Finance
z-6Et113