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<br />$50.000.00
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<br />. 'l;AXAlfT;tCIPATION NOTE lOR
<br />t. ,~~1961 · 1962
<br />FtsC:ALYEAR BEGINNING
<br />JULY L. 1961.endina JUNE 30. 1962
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<br />~ .'ort.. Tl!ius,'Ma.Gh 15{ ~962
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<br />'lhe *:ty of' ~' Porte, Texas,' acting by and throushitl duly
<br />authorized oIUe,,_, for value received, on. or before the 30th day of
<br />June, 1962, proqafl-ee ~o' ,a, tQ th;,eorder, of Lia J~c$rte State Bau, at he
<br />office in LaPor., Texa",'tbe sub. of Ftfty Thoul&aftd Dollars ($50,000.00).
<br />wlthintere.t fr*- dat8unt:U. ID8tudty at the rate of three per cant (3'%.)
<br />per annum.
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<br />All ..at due, principal and interest Ihall bear interast at the
<br />rate :of six ~er a*'nt (6t) per aa.num.
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<br />It i~h.r.byspecially agreed that if this note i8 '1.... in
<br />the hand. of an .torneyfor collecUon. or if eollected by suit or tthrOulh
<br />the Probate or B.l'wp:tey Court. we agree to pay ten per cent (lOl) additional
<br />on the principal .nd interest then due hereon, asattorney's fees.
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<br />A co~ of the resolution authortz~n8 the borrowlna of the S~ of
<br />rifty Thousand D~l.rs ($50.000.00) and the t~luaDCe of this note is hereto
<br />attached.
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<br />ATTEST:
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<br />CITY OF LA PORTE, TEXAS
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