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DEC 171980 Box 4& PtGE 432 <br />$300,000.00 <br />UNITED STATES OF AMERICA <br />STATE OF FLORIDA <br />COUNTY OF INDIAN RIVER <br />GENERAL OBLIGATION NOTE <br />KNOW ALL MEN BY THESE PRESENTS, that Indian River County, <br />County, Florida (he.reinafter referred to as "County"), for value <br />received, hereby promises to pay to the bearer, on December 22, <br />1981, the principal sum of TIiREE HUNDRED THOUSAND DOLLARS <br />($300,000.00), with inter(:st thereon at the rate of nine and <br />one-half percentum per annum, payable at the maturity hereof or <br />before, at County's option, upon presentation and surrender of <br />this Note. Both principal and interest on this Note are payable <br />in lawful money of the United States of America at The First <br />Citrus Bank of Indian River County, Vero Beach, Florida. For <br />the prompt payment of the principal of and interest on this Note <br />as the same shall become due, the ad valorem taxing power of <br />the County for the fiscal year 1980-81 at an annual rate not to <br />exceed ten (10) mills on the dollar of assessed value are irrevocahly <br />pledged. <br />This Note is in the aggregate principal amount of $300,000.00, <br />issued to advance funds to finance engineering costs and other <br />costs related to the extension of Indian. River Boulevard (herein <br />called the "Project"), under the authority of and in full <br />compliance with the Constitution and Statutes of the State of <br />Florida, including Section 125.01, Florida Statutes, and other <br />applicable provisions of law, and pursuant to a Resolution of <br />the County duly adopted on the 17th day of December, 1980 (herein- <br />after called the "Resolution"). This Note is subject to all the <br />terms and conditions of said Resolution. <br />It is certified and recited that all acts, conditions, and <br />things required to happen, tc exist and to be performed, precedent <br />to and in the issuance of this Note, have happened, exist, and <br />have leen perfc>r:jeci in due t.ii-a,, form arca manner as required by <br />thr' C'on.'�titut_io�t, an,? Laws oI t:',i( StliLe of Florida, applicable <br />thereto; that +_-!-le -ota1 in,11J)te(iness of the County, including <br />