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<br />. <br /> <br />. <br /> <br />. <br /> <br />TAX ANTICIPATION NOTE <br /> <br />FOR THE FISCAL YEAR BEGINNING <br /> <br />OCTOBER 1, 1977 AND ENDING SEPTEMBER 30, 1978 <br /> <br />$350,000.00 <br /> <br />July 3, 1978 <br /> <br />The City of LaPorte, Texas, acting by and through its <br /> <br />duly authorized officers, for value received, promises to <br /> <br />pay to the order of the FIRST CITY BANK OF LaPORTE, at LaPorte, <br /> <br />Harris'County, Texas, the sum of THREE HUNDRED FIFTY THOUSAND <br /> <br />AND NO/100 DOLLARS '($350,000.00), with interest at the rate <br />~ of Five per cent (5%) per annum, on or before Sixty (60) days <br /> <br />from the date hereof. <br /> <br />All past due principal and interest shall bear interest <br /> <br />at the rate of Six per cent (6%) per annum. <br /> <br />, It is hereby specially agreed that if this note is <br /> <br />placed in the hands of an attorney for collection, or if <br /> <br />collected by suit or through Probate or Bankruptcy Court, we <br /> <br />agree to pay Ten per cent (10%) additional on'the principal <br /> <br />and interest then due hereon, as attorney's fees. <br /> <br />A copy of the Resolution authorizing the borrowing of <br /> <br />e <br /> <br />the sum of 'THREE H(TNDRED FIFTY THOUSAND, AND NO/I00 DOLLARS <br /> <br />($350,000.00) and the issuance of this Note is hereto attached. <br /> <br />ATTEST: <br /> <br /> <br />CITY OF LaPORTE <br /> <br /> <br />~::~ ~ <br /> <br />LaPorte, Texas <br /> <br />rator <br /> <br />Texas <br /> <br />. <br />