Resolution 056-1971
RESOLUTION NO. 56- 1971
WHEREAS, the Governing Board of Monroe General Hospital has
authorized the borrowing of $250, 000. 00 from The First National Bank of the
Upper Keys 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 First National Bank of the
Upper Keys out of taxes levied for the year 1911, 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 June 30, 1971
payable to The First National Bank of the Upper Keys, a banking corporation
organized and existing under the Laws of the United States of America, in the
amount of $250, 000. 00, and with interest thereon at the rate of 50/n per 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 First National Bank of the Upper Keys, 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 $250,000.00, and any interest that may be due thereon.
DATED:
July 1st, 1971.