Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1962-01-04
Legal Advertisement
Sealed Bids
S13,150,OOO

S13,15O,0OO
MONTGOMERY COUNTY,
MARYLAND
General Obligation Bonds
$9,500,000 SCHOOL BONDS,
SERIES N
100000 ROAD BONDS,
SERIES F
S500,000 BETHESDA PARKING
LOT DISTRICT BONDS,
SERIES l
$150,000 HILLANDALE FIRE
AREA BONDS, SERIES B
SEALED BIDS will be receiv-
ed by the County Council for
Montgomery County, Maryland,
at the County Office Building
9th floor in Rockville, Mary
land, until
HOO O'CLOCK AM. (E. S. To-
TUESDAY, JANUARY IS, 1862
at which time said bids will be
opened, for the purchase of the
above bonds, being four sep
arate series, all dated February
1, 1862, all maturing February
l in the years and amounts
below stated, and all bearing
interest payable semi-annually
on the first days of August and
February until maturity, divided
as follows:
$9,500,000 SCHOOL BONDS,
SERIES N
These bonds are issued under
the provisions of Chapter 9,
Laws of Montgomery County
(1955), and Chapter 8, Laws of
Montgomery County (1960), and
mature in the principal amount
of $350,O0O in each of the years
1868 to 1874, inclusive, 100000
in each of the years 1875 to
1882, inclusive, and $420,000 in
each of the years 1883 to 1887,
inclusive. The proceeds of the
sale of these bonds will be used
for the purpose of financing
school improvements in the
County.
100000 ROAD BONDS,
SERIES F
These bonds are issued under
the provisions of Chapter 8 of
the Laws of Montgomery Coun-
ty (1955) and Chapter 5 of the
Laws of Montgomery County
(1958) and mature in the prin-
cipal amount of $125,000 in
each of the years 1868 to 1882,
inclusive, and 100000 in each
of the years 1883 to 1887. inclu-
sive. The proceeds of the sale
Of these bonds will be used for
the purpose Of financing road
construction In the County.
$5OO,000 BETHESDA PARKING
LOT DISTRICT BONDS,
SERIES 1
These bonds are issued under
the provisions of Chapter ID of
the Laws of Montgomery Coun-
ty (196D and mature in the
principal amount of $4,000 in
each of the years 1868 to 1887,
inclusive. The proceeds Of the
sale of these bonds will be used
for the purpose of financing
certain off-street parking facili-
ty improvements in the Bethes-
da Parking Lot District in the
County.
$150,000 HILLANDALE FIRE
AREA BONDS, SERIES B
These Bonds are issued under
the provisions of Chapter 9,
Laws Of Montgomery County
1855 and Chapter 3, Laws of
Montgomery County (196D,
and mature In the principal
amount of $4,000 in each Of the
years 1868 to 1882, inclusive,
and $4,000 in each of the years
1883 to 1887, inclusive. The pro-
ceeds Of the sale Of these bonds
will be used for the purpose of
financing certain fire-fighting
facility improvements in the
Hillandale Fire Area In the
County.
The principal and interest Of
these bonds will be payable in
lawful money OF the United
States of America at the time
of payment at the principal
trust office in the Borough Of
Manhattan, City and State Of
New York, of The Chase Man.
haitian Bank, or, at the option
Of the holder, at the banking
office Of Farmers Banking and
Trust Company Of Montgomery
County at Rockville, Maryland,
or, at the option Of the holder,
at the principal office of Union
Trust Company of Maryland at
Baltimore, Maryland.
The bonds will be issued in
coupon form in the denomina.
ton OF $1,000 each; provided,
however, that the successful
bidder for the bonds may speci-
fly, in a designation delivered to
the Director Of Finance at or
prior to HOO o'clock Am.
&c. S. To on January II, 1862,
that the principal amounts of
all Of the bonds shall be Of the
denomination of $1,000 each. In
the event Of timely receipt Of