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$300,000.00 <br />UNITED STATES OF AMERICA <br />40 <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 (hereinaf.ter referred to as "County"), for value <br />received, hereby promises to pay to the 1>errrer, on December 22, <br />• 1981, the principal sum of THREE HUNDRED THOUSAND DOLLARS <br />($300,000.00), with interest 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 flue, the ad valorem taxing power of <br />the County for the fiscal year 1.980-81. at an annual rate not to <br />exceed ten (10) mills on the! dollar of aaessed valnr arc irrrvtu.tl,ly <br />pledged. <br />This Note is in the aticlrettat o print. i p.r 1. amount of. $300,000.00, <br />issued to idvancr! fund:; hi tin.tnrt• t.rnlin,—ri.rn1 cont.; .oil oth,•r <br />oo:;ts rel..tt.ed to the uxtk.u:;i.on nt Irnti,ut 16vt.r BUul(!v,trtl Olo,l.eirr <br />called the "Project"), under l.hc-tuLhority of and in tint <br />compliance_• with the ConstituLion and f;LaL1L1.e.,; of the SLate of <br />Florida, including Section 1253.01., Florid.t ;statutes, ;uul other <br />app l.icable provision:; of lwa, ;incl put:;u,int to a Resolution of <br />the. County duly ._rdopte1 on flit. 17th day of wxom,er, 1980 (ht:ruirr­ <br />after called the "Resolution"). This Note is subject to all the <br />terms and conditions of setid Resolution. <br />It is certified and recited that all acts, conditions, and <br />things required to happen, to exist and to be performed, precedent <br />to and in the issuance of this Note, have happened, exist, and <br />have been performed in due timo, form and manner as required by <br />the Con:;titution and Laws otthe State of Florida, applicable <br />thereto; that the total. indebtedness of the County, including <br />