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<br />. <br /> <br />. <br /> <br />. <br /> <br />-- <br /> <br />TAX ANTICIPATION NOTE <br />FOR THE !EAR 1961-1962 <br />FISCAL YEAR BEGINNn;o. <br />JULY 1. 1961. ENDING JUNE 30. 1962 <br /> <br />e40,ooo.oo <br /> <br />La Porte, Texas, July 1st, 1961 <br /> <br />The City of La Porte, Texas; actdDg by and through its duly authorized <br />Officers, tor value received, promises to pay' to the order of the La Porte State <br />B~of La Porte, Texas, the awn of Forty Thousand Dit11ars (e4o,ooo.oO), with <br />interest at the rate of three per cent (3%) per annum; on 9r before the 15th <br />dq of Februar.v, 1962. <br /> <br />.All past due principal and interest shall bear interest at the rate of <br />six per cent. (6%) per annum. <br /> <br />It is hereby specially agreed that if' this note is placod in. the hands <br />of an attorney for collection, or if' collected by suitor thl'Oue;h the Probate <br />~r Bankruptcy Court, we agree to pay ten per cent. (10%) additional on the <br />principal and interest then due bereon, as attorney's fees. <br /> <br />A cOPT of the resolution authorizing the borrowing of the sum of <br />Forty Thousand Dollars (~40,ooo.oo) and tho ilJsuance of this note is hereto <br />attached. <br /> <br /> <br />BY. <br /> <br />ATTEST. <br /> <br />. ~~~'T_ <br /> <br />. <br />