Fort Walton Beach Resolution — 65-23-Note from American Nat'l Bank-Mobile — reading text

n.otes and shall be repay to the terms of said- ~; of which is attached here.to and prolSSOry aecording , the fOrm. made apart h~~. ang".the said notes shall be G Uy a pledge in the SeCU1": of the City of the collection of the ' utility tax are not I .~ Court, was published in said newspaper in the issues of etherwise pledge. ~.~. of the promisso "' revei' note' or notes and- or the proceeds qtM.the the de,te , sale. of any future sewer cetQ.ncates vrlOr to the retirement of "the indebted- AUGUST 6, 1965 ness evidenced by the promissory notes, SECTION 3. That the City Man- Fort ager on behalf of the City of says that the said Playground Daily News is a newspaper Affiant further Walton Beach is authorized to ex- Beach, in sa'id Okaloosa County, Florida, and that the ecute such instruments as may be published at Fort Walton necessary to effectuate the borrow- said newspa,per has heretofore been continuously published in said Okaloosa ing and repayment of the monies to ( American Nat- County, Florida, each day ( Saturday and Sunday excepted) and has been ional Bank and Trust Company rf second. class mail matter at the post office in Fort Walton Beach, Mobile, Alabama, if local sources entered as not available). in said Okaloosa County, Florida, for a period of one yea,r next preceding the SECTION 4. That this Resolution being of an administrative nature firstpublication of the attached copy of advertisement; and affiant further shall take full force and effect im- says that ( s) he has neither paid nor promised any person, firm or corporation mediately upon its passage and approval by the Mayor. refund for the purpose of securing this ADOPTED: J:uly 27, 1965 any discount, rebate, commission or MAYOR: W. W. Thompson advertisement for publication in the said newspaper.- ATTEST: CHARLES H. Evans I/I~ tf). d3.v~ ... City Clerk 3622: AUgust 6. 1965. Sworn to and subscribed before me this fi6 T H day of A UG US T A D 19 6S . j/ . (;/; ,,' .' 7 /' /' jJ'; U ~~/ L' f",;'; Yd-<-<< j Notary PUblic, State of Florida at Large My Commission Expires  PROMISSORY NOTE Fort Walton Beach~ Florida 1965 FOR VALUE RECEIVED, The City of Fort Walton Beach, Florida~ a municipal corporation, promises to pay to The American National Bank and Trust Company of Mobile, Alabama~ or bearer, the of principal sum payable on or before with interest from date at the rate of 4 1/ 2% per annum which interest shall be paid semi- annually commencing six ( 6) months from date. The said principal nd interest shall be payable in lawful money of the United States of the main office of The American National Bank and Trust Company such place as may hereafter be designated by wri maker hereof. ment of principal or interest mentioned herein, then the entire principal sum and accrued interest shall be at the option of the ho~ r hereof b once due and collectible without notice, time being of the essence; and said principal sum and accrued interest ~ both bear i terest at the rate aforesaid from such time until aid. ~ ilure to ~ ercise this option shall not constitute a waiver of the to exerc~ se t esame in the event of a subsequent I defau~ Thi'~",? bligation is a p~ rt ~f an aggregate principal debt of 50 ~000. 00 repre'~ ted by '_ notes all being secured by a by the CIty of the qollection of the utility tax that are not ledges as," Q.f thiS\\ dat~ and/ or proceeds of the sale of any . ficat~~,pr~or tb the retirement of this indebtedness, all as more particularly aut zed b~ the City Resolution Number dated 1965.