Resolution 104-1970
RESOLUTION NO. 104 -1970
WHEREAS, the Governing Board of Monroe General Hospital has
authorized the borrowing of $200,000.00, from the Key West State Bank as
an emergency measure, and has issued its Tax Anticipation Warrant to said
bank, payable out of taxes levied for the year 1970, for the use and benefit of
said hospital, and,
WHEREAS, the Board of County Commissioners of Monroe County,
Florida, has levied the taxes on the Monroe County Tax Roll for the year
1970, for the use and benefit of said hospital to cover said Tax Anticipation
Warrant, and said Board has been requested to approve, ratify and confirm
the above action and to direct the T ax Collector to pay to the Key West State
Bank out of taxes levied for the year 1970, for the use and benefit of said
hospital in an amount sufficient to pay said Tax Anticipation Warrant, now,
therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA, that the action of the Governing Board of
Monroe General Hospital, in issuing its Tax Anticipation Warrant, dated
September 22, 1970, payable to the Key West State Bank, a Florida banking
corporation, in the amount of $200,000.00, and with interest thereon at the
rate of 5 per cent per annum from date until fully paid, be, and the same is
hereby approved, ratified and confirmed, and the Monroe County Tax Col-
lector be, and he is hereby authorized to pay to the said Key West State
Bank, from the proceeds of taxes levied by Monroe County, Florida, on all
taxable property in the County of Monro e, State of Florida, for the year
1970, for the use and benefit of Monroe General Hospital, when said taxes
have been collected and received by said Tax Collector, an amount sufficient
to repay the principal sum of $200,000.00, and any interest that may be due
thereon.
Dated
November 10th
,1970.