HomeMy WebLinkAbout10/09/1991PROMISSORY NOTE
The undersigned, BOARD OF COUNTY COMMISSIONERS OF MONROE
COUNTY, FLORIDA, hereby promises to pay to the order of First_
State Bank of the Floridan Keys,, a banking corporation existing
under the laws of the State of Florida, with offices in Key West,
Monroe County, Florida, at the offices of the said First State
Bank of the Florida Keys, the sum of Three Hundred Sixty Thousand
Dollars ($360,000.00), together with interest thereon at the rate
of r�9% per annum in fiscal year 1991-1992 (October 1, 1991 -
September 30, 1992) from the date hereof until fully paid as
follows:
On or before the 30th day of September, 1992, the sum
of Three Hundred Sixty Thousand Dollars ($360,000.00)
with interest thereon at the rate of 9% per annum.
This promissory note is secured by a Tax Anticipation
Warrant of even date herewith pledging taxes imposed and collect-
ed by the Board for fiscal year 1991-92.
IN WITNESS WHEREOF the BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, has caused this Promissory Note to be
signed by the Chairman of said Board, attested to by its Clerk
and delivered to the said First State Bank of the Florida Keys,
this .!Zd� day of O I.21,2r, A.D. 1991.
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By '
(Seal) mayor/chairman
Attest:
By / APPRovto ns rn FORM _
er
AN^
Data
TAX ANTICIPATION WARRANT
KNOW ALL MEN BY THESE PRESENTS, that the BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA, will pay First State
Bank of the Florida_ Keys, a banking corporation existing under
the laws of the State of Florida, at its banking offices in Key
West, Monroe County, Florida, the sum of not more than THREE
HUNDRED SIXTY THOUSAND DOLLARS ($360,000.00) with interest
thereon at the rate of 9% per annum from date hereof until
fully paid.
Principal hereof and interest thereon will be paid in lawful
money of the United States of America from the first proceeds of
taxes when received, which will be levied by the County of
Monroe, State of Florida, on all taxable property in Monroe
County, excluding the cities of Layton and Key Colony Beach, in
fiscal year 1991-92 for the use and benefit of the County.
This Warrant is issued in anticipation of said taxes so
levied for the fiscal year 1991-92 for the use and benefit of the
County, for the amount of principal and interest due for the
fiscal year 1991-92 only to provide addditional funding for the
Grassey Key television translator project, and is payable, both
principal and interest, and shall be paid solely from the income
as a result of said taxes when collected and not otherwise, which
income of said taxes are hereby assigned and pledged to the
payment of this Warrant.
IN WITNESS WHEREOF, the BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, FLORIDA, has issued this Warrant and has caused
same to be signed by its Chairman and attested to by its Clerk as
of the , day of October, A.D. 1991.
(Seal)
Attest:
i
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
APPROVF_D AS TO r0PU
AA") '. !7,; at SUFFICIENCY,
Date
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