Evening star., 1961-08-09

DEPosTT REQUIRED. lPhone
Ma. $4,000, Ext, 44s. SEALED
BIDS to be opened 3 pm. EDIT,
August IA, 1861, in Room 424.
499 Pa, Ave. NV.
100000
COUNTY coMMIssIoNERs OF OF
IS c HooL CONS rRUCrION
BONDS OF CHARLES COUNTY
or 961.-Sealed bids will be re-
ceived BY the County Commission
ers Of Charles County in their
offices in the Court House, La
Plata, Maryland, until l1:00
O'Clock am, Eastern Daylight Saw
inss Iime, on Wednesday, August
IL. 1861, for the purchase OF
.SoQ0.000;00 aggregate par value
serial maturity general obligation
missioners Of Charles County,
bearing interest payable semi
annually on the 1st days Of March
and September in each year until
the maturity thereof. The bids will
be opened in said offices immedi-
ately after said time and the
award will be made in said offices
on the same day. The bonds will
be in the denomination of $1,000
each and will mature in numerical
order in each year on September
l as follows: $4,000 in each OF
the years 1852 TO 1866, inclusive:
$4,000 in each Of the years 1867
to- 1875. inclusive: and will bear
interest at such rate or rates not
exceeding 40 per annurn IS are
specified in the successful bid.
on the bonds will be PAYABLE at the
principal office of Mercantile-Safe
Deposit and Trust Company, Bal
timore, Maryland, In any coin or
currency of the United States OF
America, which. at the respective
dates Of payment thereof. is legal
tender for the payment Of public
and private debts. The bonds Will
be issued subject TO registration
as to principal only By said Mer.
cantile-Safe deposit and Trust
Company, as Registrar. None Of
the bonds may be redeemed
prior to maturity, The proceeds
Of the bonds will be used for
alteration. remodelinE and equip.
ping Of schools In Charles County.
BIDDERS are requested, to name
70 be borne by the bonds, not sx-
ceeding 40 per annun. In multi
Piles Of bth or 1/1Oth Of 10
and each bidder must specify in
his bid the interest rate for the
bonds Of each maturity. Bidders
may specify more than one In
terest 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 bid
bonds at the lowest Interest cost
to- the County. such cost to be
determined by deducting the total
amount of the premium paid, il
any, from the aggregate amount
of interest upon all Of the bonds
until their respective maturities.
No bid Of less than par and ac-
crued interest to the date Of de-
livery will be entertained. No
bid for less than all of the $780,
10000 of bonds now offered will
be accepted; If two or more re-
sponsible bidders have made bids,
the lowest interest cost, then such
bonds may be awarded In q rata
BILE proportion among such re-
sponsible bidders, but II this
should prove unacceptable, the
County Commissioners Of Charles
County may determine to which
said bidders said bonds will
be awarded. Bids must be for
cash upon delivery, and must be
enclosed in a sealed envelope, ad-
dressed to the County Commits:
there must be indicated on the
outside of the envelope: Bid for
School Construction Bonds Of
Charles County Of 1851" Each
bid must be accompanied by q cer-
titled check upon, or treasurer's
or cashiers check Of, o RESPONSE
BILE banking institution, drawn to
the order Of the Treasurer Of
Charles County, MARYLAND, in the
amount Of $4,000, as a .guaran-
tee Of good faith, to be forfeited
cessful bidder should he fail 70
when ready. Checks deposited by
unsuccessful bidders will be re-
turned to them when the bonds
are awarded to the successful bid
der. No interest will be allowed on
the amount Of the above required
deposit. The bonds will be issued
pursuant to the authority of
Chapter 725 Of the Laws Of 1857
Of Maryland, and pursuant to the
initial resolution Of the Board of
County Commissioners of Charles
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 sat-
isfaction Of the Board of County
before opening Of the BIDS, 4 BID
conditioned upon approval Of the
bidder or Of counsel, whether
named or unnamed, viii be regard:
ed as Q conditional bid; The full
faith and credit Of the County
Commissioners Of Charles County
the payment Of the principal Of
and the interest on said bonds.
The County Is directed by the En-
abling Act annually to levy ad
valorem taxes upon kll property
subject to assessment for unlimited
taxation within the County suffi-
c1ent in rate and amount to pay
the principal Of and the interest
on the bonds as they respectively
become due and payable. Under
existing law. these bonds are ex-
empt from State. County and Mu:
nicipal taxation in the State Of
Bond Counsel. on the basis OF ex-
isting legislation, the interest
thereon will be exempt from Fed
be delivered to the purchaser
within reasonable time after the
sale thereof, at the office of the
County Commissioners of Charles
County, La Plata, Maryland, or at
any incorporated bank or trust
company. in the City Of Baltimore,
Maryland. without expense to the
purchaser; II the purchaser shall
specify any othe, place of delivery,
expense Of the purchaser. The
County Commissioners of Charles
County reserve the right to reject
Of this issue will be approved By
Messrs. Piper & Marbury, Bslti-
more. MARYLAND, Bond Counsel
and Louis 2. Jenkins. Esquire,
sioners of Charles County, La
Plata MARYLAND. and the approv-
ing legal opinion Of said ATTORNEYS,
papers. will Be delivered to the
purchaser without charge. PERTH
nent information concerning the
finances Of Charles County and
other appropriate data will be fur
nished upon request by B. D,
Morgan. Clerk to the Board OF
County Commissioners of Charles
County. Court House, La Plata,
Maryland. JOHN L. SULLIVAN,
Chairman and President: w. Ed
WARD BERRY, JOHN 8. COOK
SEY. County Commissioners Of
Charles County. au2.o