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1981 <br />JAN 28 <br />0i1F <br />8f�01( 45 WAGE 690 <br />$210,000.00 <br />UNITED STATES OF AMERICA <br />STATE OF' FLORIDA <br />COUNTY Or INDIAN RIVER <br />WATER AND SEWER REVENUE FONDS, SECOND SERIES 1979 <br />ANTICIPATION NOTE <br />z <br />FOR VALUE RECEIVED, the county of Indian River, Florida, <br />(the "Issuer"), hereby promises to pay to the order of FIRST CITRUS BANK <br />OF INDIAN RIVER COUNTY, at its principal office in the City of Vero <br />Beach, Florida, on or before January 30, 1982, solely from the special <br />funds hereinafter mentioned, in lawful money of the United States of <br />America, the principal sum of W6O HUNDRED TEN THOUSAND DOLLARS <br />($210,000.00) and, quarterly from the date hereof, solely from such <br />funds, interest on such principal sum from the date hereof at the rate <br />of nine and one-half per centum (9.5%) per annum, until such principal <br />sum shall be paid. <br />This note is issued pursuant to the Constitution and laws of <br />the State of Florida, particularly Section 215.431, Florida Statutes <br />(1990), and a resolution duly adopted by the Issuer on January 4, 1979, <br />(the Resolution), in anticipation of the receipt by the Issuer of the <br />proceeds from the sale of not exceeding $236,000 principal amount of <br />Water and Sewer Revenue Bonds, Second Series 1979, of the -Issuer (the <br />Bonds). This Note and the interest due thereon are payable solely from <br />and secured by a.prior lien upon and a pledge of the proceeds to be <br />derived fromthesale of the Bonds and, if necessary, from and secured <br />by a prior lien upon and a pledge of the gross revenues to be derived <br />from the operation of the Issuer's water and sewer system, all in the <br />manner provided in the Resolution. <br />This Note shall not constitute a general obligation of the <br />Issuer, and the holder thereof_ shall never have the right to require <br />or compel the exercise of the powor of the Issuer to levy ad valorem <br />taxes for payment of the principal of and interest on this Note. <br />It is hereby certified, recited and declared that all acts, <br />conditions and things required to exist, to happen and to be performed <br />precedent to and in conncct.ion with the issuance of this Note, exist, <br />haul lrappene i and });ivc' L-wcr; j,crformed in regular and due form and time a. <br />-3- <br />