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