09/12/1990PROMISSORY NOTE
The undersigned, BOARD OF COUNTY COMMISSIONERS OF MONROE
COUNTY, FLORIDA, hereby promises to pay to the order of First State
Bank of the
Florida Keys , a banking corporation existing under the laws of
the United States, with offices in Key West , Monroe County,
Florida, at the offices of the said First State Bank , the sum of
not more than Three Hundred Fifty Thousand Dollars ($350,000.00),
together with interest thereon_ at the rate of 9.0 % per annum
in fiscal year 1990-91 (October 1, 1990 - September 30, 1991)
from the date hereof until fully paid as follows:
On or before the 30th day of September, 1991, the sum
of Three Hundred Fifty Thousand Dollars ($350,000.00)
with interest thereon at the rate of 9.0 % 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 1990-91.
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
September , 1990.
(Seal)
Attest:
r�
, this 12th_ day of
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, /FLORIDA
41
By_
ayor airman
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 United States, at its banking offices in
Key West _ , Monroe County, Florida, the sum of not
more than THREE HUNDRED FIFTY THOUSAND DOLLARS ($350,000.00) with
interest thereon at the rate of 9.0% 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 1990-91 for the use and benefit of the County.
This Warrant is issued in anticipation of said taxes so
levied for the fiscal year 1990-91 for the use and benefit of
the County, for the amount of principal and interest due for the
fiscal year 1990-91 only to provide addditional funding for the
West Summerland television translator project, and is payable,
both principal, and interest, and shall be paid solely from said
taxes when collected and not otherwise, which 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 12th day of September A.D. 1990.
(Seal)
Attest:
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA,
By
Y
Mayor/Chairman
1` i
PROMISSORY NOTE
The"undersigned, BOARD OF COUNTY COMMISSIONERS OF MONROE
COUNTY, FLORIDA, hereby promises to pay to the order of First
State Bank of the Florida 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 not more than Three Hundred
Fifty Thousand Dollars ($350,000.00), together with interest
thereon at the rate of 9% per annum in fiscal year 1990-91
(October 1, 1990 - September 30, 1991) from the date hereof until
fully paid as follows:
On or before the 30th day of September, 1991, the sum
of Three Hundred Fifty Thousand Dollars ($350,000.00)
with interest thereon at the rate of 9:0_ 1 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 1990-91.
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 3rd day of October, 1990.
(Seal)
le I
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By
ayor airman
APPROVED AS TO FORM
AND LEGAL SUFFICIENCY.
Attarney's Office
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 FIFTY THOUSAND DOLLARS ($350,000.00) 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 1990-91 for the use and benefit of the County.
This Warrant is issued in anticipation of said taxes so
levied for the fiscal year 1990-91 for the use and benefit of
the County, for the amount of principal and interest due for the
fiscal year 1990-91 only to provide addditional funding for the
West Summerland 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 3rd day of October, A.D. 1990.
(Seal)
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA,
By
ayor/Chairman
APPROVED AS TO F01W
AND LEGA"FF/C/EHCY. 7)
AttoMSY's Office