R-1991-13 - Laserfiche WebLink

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. e City of La Porte La Porte, Texas TAX ANTICIPATION NOTE For the Fiscal Year Beginning October 1, 1991 Ending September 30, 1992 $65,000.00 La Porte, Harris County, Texas October 14, 1991 For the value received, the City of La Porte, a municipal corporation, of La Porte, Harris County, Texas, does hereby promise to pay to the order of NEAL HINSON and wife, SELMA JOYCE HINSON, and DARRELL WARDEN and wife, NIKI D'LAYNE HINSON, not to exceed the sum of SIXTY-FIVE THOUSAND DOLLARS ($65,000.00), in legal and lawful money of the United States of America, without interest thereon from date of advance or advances hereunder until maturity, matured unpaid principal and interest shall bear interest at the rate of ten percent (10%) per annum from date of maturity until paid. This note is due and payable in full on or before July 1, 1992. It is expressly provided that 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 percent (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, protest and notice of protest, as to this note. Payment hereof is secured by an appropriation from current tax revenues of the City of La Porte. A certified copy of the Resolution authorizing the borrowing of the sum of Sixty-five Thousand Dollars ($65,000.00) and the issuance of this Tax Anticipation Note, is hereto attached. City of La Porte BYI~b~~( No . .-L. Mal n , Mayor AT1ESTI. ~ ~~~-' Cher1e lack, C1ty Secretary