R-1962-05 - Laserfiche WebLink

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,'?0: Re~c;I~(.;t;::}~ ,~.). 2",52 Pctgo 1 '0 ~ ;,: .., "., .' I~ i _) "'--- @ @ /.'\ ~ TAX ANTICIPATION NOTE rOR THE YEAR 1962-1963 FISCAL YBAa BEGINNING JULY 1. 1962. ENDING JUNE 30. 1963 $1,601.13 LA PORTE, TEXAS July...j( tit. ,1962 The City of La Porte, Texas, acting by and throush its duly authorized. officers, for value received, promises to pay to the order of t'ile La Porte State Bank at La Porte, Texas, the sum of ONE THOUSAND SIX 8UNDRED ONI AND 13/100 DOLLARS ($1,601.13), with interest at the rate of four percent (4~) per annum, .aid note due and payable in eisht (8) monthly installments, the first seven (7) of which shall be in the sum of Tuo Hundred Six and'25/100 Dollars ($206.25) each, including accrued interest on the unpaid balance to the date of such payments, the first of sucb instalLments shall become due and payable on or beforc Ausust 10, 1962, and like installments in the sum of Two Hundred Six and 25/100 Dollars ($206.25) shall become due and payable on or before tbe 10th day of the next six (6) succeed ins calendar months, and the last and final instalbDent for tbe balance then owing on said note shall become due and payable on or before March 29, 1963. and All past due principal and interest shall bear interest at the rate of six percent (61) per annum. It is bereby specially agreed that if this note 1s placed in tbe hands of an attorney for collection, or if collected by suit or through the Probace or Bankruptcy Court, we asree to pay ten percent (101) additional on the principal and inter('~.t then due hereon, as attorney's fees. In addition to the appropriation from current tax rdvenues, this note 1s f'Jrther secured 'by a Chattel Mortsase on that one certain 1961 Model B275 Intemational Diesel Tractor with standard equipment, and that cne certain Peco 60L Cutter attached to Tractor, tosether with all other equipment attached to and located thereoD as described in the Chattel Mortsase (>f even date herewith. ~