R-1982-18 - Laserfiche WebLink

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. . . . e e CITY OF LA PORTE La Porte, Texas TAX ANTICIPATION NOTE For the Fiscal Year Beginning October 1, 1982, Ending September 30, 1983. $30,816.29 La Porte, Harris County, Texas, October 1, 1982 For value rece ived, the CITY OF LA PORTE, a munic ipal corpora tion, Harris County, Texas, does hereby promise to pay to the order of BAYSHORE NATIONAL BANK OF LA PORTE, a national banking association, at its banking offices in the City of La porte, Harris County, Texas, not to exceed the sum of THIRTY THOUSAND EIGHT HUNDRED SIXTEEN DOLLARS AND TWENTY-NINE CENTS ($30,816.29), in legal and lawful money of the Uni ted States of America, with interest thereon from date hereof until maturity at the rate of seven and one-half per cent (7-1/2%) per annum; the interest payable with principal; matured unpaid prin- cipal and interest shall bear interest at the rate of ten per cent (10%) per annum from date of maturity until paid. This note is due and payable as follows, to-wit: The entire principal balance, plus interest thereon at the rate of seven and one-half per cent (7-1/2%) per annum on the unpaid balance of principal, shall be due and payable on or before September 30, 1983. In the event default is made in the prompt payment of this note when due or declared due, and the same is placed in the hands of an attorney for collection, or suit is brought on same, or the same is collected through Bankruptcy or other judicial proceedings, then the makers agree and promise to pay ten per cent (10%) additional on the amount of principal and interest then owing, as attorney's fees. Each maker, surety and endorser of this note expressly waives all notices, demands for payment, presentations for payment, notices of intention to accelerate the maturity, protest and notice of pro- test, as to this note, as to this note and as to each, every and all installments hereof. EXHIBIT IIAII page 1 of 2