Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1963-01-10

A@AN~A 49, Roy wv
on the first days of August and
February until maturity, divid.
ed as follows:
$12,10O,O0O SCHOOL BONDS,
SERIES o
These bonds are issued under
the provisions of Chapter 8,
Laws of Montgomery County
Q955), Chapter 9, Laws of
Montgomery County (1960) and
Chapter a, Laws Of Montgom.
cry County (196D, and mature
in the principal amount of
S4S5,000 in each of the years
1864 to 1885, inclusive, $3.50, 900
in each of the years 1886 and
1887, and $470,000 in the year
1888. The proceeds of the sale
of these bonds will be used for
the purpose of financing school
improvements in the County.
$S,5OO,OOO GENERAL
IMPROVEMENT BONDS,
SERIES /
These bonds are issued under
the provisions of Chapter 8 Of
the Laws of Montgomery Coun-
ty (1955), Chapter 5 of the
Laws of Montgomery County
(1958), Chapter 10 of the Laws
Of Montgomery County 1890,
Chapter II of the Laws Of Mont
gomery County 1880 and
Chapter 3 Of the Laws of
Montgomery County 1882 i,
and mature in the principal
amount of $4,000 in each of
the years 1864 to 1888, inclusive.
The proceeds Of the sale of
these bonds will be used for the
purpose of financing the con-
struction of road improve
ments, public buildings and an
incinerator in the County.
$4,000 ROCKVILLE
FIRE AREA BONDS
These bonds are issued under
the provisions of Chapter 8,
Laws of Montgomery County
(1955) and Chapter II, Laws Of
Montgomery County 1882, and
mature in the principal amount
of $1,000 in each of the years
1864 to 1885, inclusive, and
$4,000 I'm each of the years
1886 to 1888, 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
Rockville 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 Of
flee of Suburban Trust Com
pany at Silver Spring, Mary
land.
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-
fy, in designation delivered to
the Director OF Finance at or
prior to HOO O'Clock AM.
(E.S.T) on january 16, 1868,
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
such designation from the sue
cessful bidder, all of the above
decribed bonds will be Of the
denomination of $1,000 each and
will thereafter not be exchange
able for bonds of the denomi-
nation Of 81 900 each.
All of the bonds will be sub
ject to registration as to prin-
cipal only on books kept for
that purpose by the Director OF
Finance, County Office Build
ing, Rockville, Maryland.
Bidders are requested TO sub
nit their bids In q sealed enve-
lope marked Proposal for
Bonds" addressed to Mr.. Alex
X. Hancock, Director Of Fl.
nance, County Office Building,
Rockville, Maryland, such pro-
posal to be accompanied by q
certified, cashiers, or treas
urer's check upon an incorpor-
ated bank or trust company,
payable to the order Of Mont
gomery County, Maryland, for
Three Hundred Fifteen Thou
sand Dollars ($315,0O0). The
check OF the successful bidder
will be collected and the pro-
ceeds thereof retained by the
County to be applied In part
payment for the bonds, and no
interest will be allowed upon
the amount thereof, but in the
event the successful bidder shall
fail to comply with the terms
OF his bid, the proceeds OF such
check shall be retained as and
for full hquidated damages.
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