Resolution 054-1971RESOLUTION NO.54- 1971
WHEREAS, the Governing Board of Monroe General Hospital has
authorized the borrowing of $400, 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 1971, for the use and benefit of
said hospital, and ,
WHEREAS, the Board of County Commissioners of Monroe County,
Florida, will levy taxes on the Monroe County Tax Roll for the year 1971, 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 Tax Collector to pay to the Key West State Bank out of
taxes levied for the year 1971, 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
April 16, 1971, payable to the Key West, State Bank, a Florida banking
corporation, in the amount of $400, 000. 00, and with interest thereon at the
rate of 5 per cent annum from date until fully paid, be, and the same is
hereby approved, ratified and confirmed, and the Monroe County Tax Collector
be, and he is hereby authorized to pay to the said Key West State Bank, from
the proceeds of taxes assessed and to be levied by Monroe County, Florida, on
all taxable property in the County of Monroe, State of Florida, for the year 1971,
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 $400, 000. 00, and any interest that may be due thereon,
Dated June 22, A.D. 1971.