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No. 1 $50,000.00 UNITED STATES OF AMERICA -STATE OF FLORIDA COUNTY OF INDIAN RIVER MATER AND SEWER REVENUE BONDS, SERIES 1979 ANTICIPATION NOTE FOR VALUE RECEIVED, the County of Indian River, Florida, (the "Issuer"), hereby promises to pay to the order of THE FIRST CITRUS BANK OF INIDAN RIVER COUNTY, at its principal office in the City of Vero Beach, Florida, on or before July 6, 1979, solely from the special funds hereinafter mentioned, in lawful money of the United States of America, the principal sum of FIFTY THOUSAND DOLLARS ($50,000.00) and, quarterly from the date hereof, solely from such special funds, interest on such principal sum from the date hereof at the rate of six per centum (6;) per annum, until such principal sum shall be paid. This note is issued pursuant to the Constitution and laws of the State of Florida, particularly Section 215.431, Florida Statutes (1975), and a resolution duly.adopted by the Issuer on January 23, 1978, (the "Resolution"), in anticipation of the receipt by the Issuer of the proceeds from the sale'of not exceeding $402,500 principal amount of Water and Sewer Revenue Bonds, Series 1979, of the Issuer (the "Bonds"). This"Note and the interest due thereon are payable solely from and.secured by a prior lien upon and a pledge of the proceeds to be derived from the sale of the Bonds and, if necessary, from and secured by a prior lien upon and a pledge of the gross revenues to be derived from.the operation of the Issuer's water and sewer system, .all.in the manner provided in the Resolution. This Note shall not constitute a general obligation of the Issuer, and the holder thereof shall never have the right to require or compel the exercise of the power of .the Issuer to .levy -ad valorem taxes for the payment of the principal of and interest on this Note. JUL 05 1978 `