Evening star., 1962-12-04

thereof between the date fixed for redemption and
the stated maturity date of such bond provided
that in no event shall such premium exceed 3% of
such principal amount.
Each bidder must submit separate proposal for
each of the above described Series of bonds and
must bid for both Series, but no bidder may
condition acceptance of his proposal for Series
upon acceptance Of his proposal for both. The
bonds of each Series will be awarded to the bidder
naming the lowest net interest cost to the Commis
sion for such Series, determined with respect to
each proposal, by subtracting any premium offered
from the total amount Of interest payable on the
bonds of such Series from their date to their
respective maturities at the rate or rates named in
such proposal.
In their proposals for each Series, bidders are
requested to specify the annual rate or rates of
interest to be borne by the bonds Of such Series.
The rates so specified must be in multiples of
one-eighth ~ or one-twentieth Q/20) of one per
cent and shall not exceed five per cent More than
one rate of interest may be specified for the bonds
Of each Series and the rates named for the bonds
OF both Series maturing in the same year may
differ, but not more than one rate may be named
for the bonds of single maturity Of each Series.
No proposal to purchase either Series at price less
than par and accrued interest will be entertained.
Each proposal must be on the appropriate form
furnished by the undersigned. Both proposals
must be enclosed in single sealed envelope,
addressed to the Commission and marked Proposal
for Open Space Bonds" Each proposal must be
accompanied by separate certified, bank cashiers
or treaSurer's check drawn upon an incorporated
bank or trust company and made payable to
the order Of: JESSE F. NICHOLSON, Secretary
Treasurer, The Maryland-National Capital Park
and Planning Commission" Checks accompanying
the proposals for the bonds of Series JJ must be in
the amount of $4,000, and checks accompanying
proposals for the bonds of Series XIX must be in
the amount of $4,000. Upon the making of the
awards, checks submitted by unsuccessful bidders
will be returned to them. The proceeds of each
check submitted by successful bidder will be
retained as fully Iquidated damages in case such
bidder shall fail to take up and pay for the bonds
awarded; otherwise, such proceeds will be applied
on account of the purchase price of the applicable
Series at the time of delivery. No interest will be
allowed on such amounts
The right to reject any and all bids is reserved.
The legality Of both Series of bonds will be
Internationally approved by separate opinions
rendered by MESSRS NILES, BARTON, CANS g.
MARKELL, of Baltimore, Maryland, and said
opinions will be delivered upon request, to the
purchasers of the bonds without charge A certified
text of the applicable opinion will be printed on
the bonds of each Series.
Delivery of said bonds. without expense, will be
made by the Commission to the purchaser or
purchasers within thirty 800 days from the date
of sale, as practicable thereafter at the
place or places designated by the purchaser or
purchasers and, thereupon, said purchaser or
purchasers will be required to accept delivery of
the bonds purchased and pay the balance of the
purchase price due thereon The bonds Of each
Series will be accompanied by the customary
clOSinp re Of tha of daliu ipolu
ing notification certificate effective as of the
date of delivery.
An official statement, together with this notice
and the required forms of proposal may be
obtained from JESSE F. NICHOLSON, Secretary
Treasurer, The Maryland National Capital Park
and Planning Commission, Montgomery Regional
Office, 8787 Georgia Avenue, Silver Spring, Nd
THE NEUTRALITY-SUSPICIOUS. CAPITAL PARK
AND PLANNING COMMISSION
BY: HERBERT w. WELLS Chairman. de4lI