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<br />e <br /> <br />e <br /> <br />CITY OF LA PORTE <br /> <br />La Porte, Texas <br /> <br />TAX ANTICIPATION NOTE <br /> <br />For the Fiscal Year Beginning October 1, 1983 <br />Ending September 30, 1984 <br /> <br />$ 21,235.77 <br /> <br />La Porte, Harris County, Texas, <br /> <br />October 5, .;1983 <br /> <br />For value received, the CITV OF LA PORTE, a municipal corporation, <br />Harris County, Texas, does hereby promise to pay to the order of <br />BAYSHORE NATIONAL BANK OF LA PORTE, a national banking association, at <br />its banking offices in the City of La Porte, Harris County, Texas, not <br />to exceed the ,sum of'TWENTY-ONE THOUSAND TWO HUNDRED THIRTY FIVE DOLLARS <br />AND SEVENTY SEVEN CENTS ($21,235.77), in legal and lawful money of the <br />United States of America, with, interest thereon "from date hereof until <br />maturity at the rate of seven and one-half per cent (7-1/2%) interest <br />per annum; the interest payable with principal; matured unpaid principal <br />and interest shall bear interest at the rate of ten per cent (10%), per <br />annum from date of maturity until paid. <br />This note is due and payable as follows, to-wit: <br />The entire principal balance, plus interest <br />thereon at the rate of seven and one-half per cent (7-1/2%) <br />per annum on the unpaid balance of principal, shall <br />be due and payable on or before September 30, 1984 <br />In the event default is made in the prompt payment of this note <br />when due or declared due, and the same is placed in the hands of an <br />attorney for colleciton, or suit is brought on same, or the same is <br />collected through Bankruptcy or other judicial proceedings, then the <br />makers agree and promise to pay ten per cent (10%) additional on the <br />amount of principal and interest then owing, as attorney's fees. <br />Each maker, surety and endorser of this note expressly waives all <br />notices, demands for payment, presentations for payment, notices of <br />intention to accelerate the maturity, protest and notice of protest, as <br />to this note, as to this note and as to each, every and all installments <br />hereof. <br />Payment hereof ,is secured by an appropriation from current tax <br />," <br /> <br />revenues and cash on deposit of the City of La Porte. A certified copy <br />of the Resolution authorizing the borrowing of the sum'of TWENTY~ONE <br />THOUSAND TWO HUNDRED THIRTY FIVE DOLLARS AND SEVENTY SEVEN CENTS <br />($21,235.77) and the issuance of this Tax Anticipation Note, is hereto <br />attached. <br /> <br />CITY OF LA PORTE <br /> <br />By <br /> <br />Virginia Cline, Mayor <br /> <br />ATTEST: <br /> <br />Cherie Black Assistant City Secretary <br /> <br />~ <br />