Loan Request to Settle Judgement - $1,000 - 04-27-1936 kiwi) Li)
REgOLUTIO N.
.7HEREA: it has b - en made to the Town Counel
of the Town of Edzewater that the said Town can corero-
Mi30 the judgment against it held by the Hill Dredging
Ccm.„:any, a Cor;:ration; and
it is neceosary that the said Town borrow the
sum of One The and ($100.00) dollars to settle said judg-
ment; and
*IHEREL the First Atlantic National Bank of Daytona Beach,
has agreed to loan the said Town of Edgewater the sum of
One Thousand ($1000.00) dollars.
7o1 TIMaZFORL BE IT RESOLVED BY THE T0e-.L; Cee7CIL :It TOeT
OF 2DGE :2,12n, FLOLUD2.:
3ection 1. That the Town Council of the Town of Edze'ee.ter,
Florida does hereby request the said loan of One 'Thee-lee-el
('131000.00) dollars from the First :etlent4c Yeti ia.i Bank of
Daytona Beach, a cor:oraien oran:Teed end exietieg as such
under the laws of the United 3tateo ef America, in Daytona
Beach, Volusia County, Florida, and the 4ai4 TOWL
doe:, hereby authorize and a,17.2e.e'e . aid loan.
Section 2. That the 727ay-o.i. and Tcen Clerh of the Town of
Edgewater, Florida, be and they are hereby authorized: em-
powered and directel to make , eleecate and deliver to the said
First Atlantic National Bank. of Daytona Beach the promissory note
or notes of the Town of Edgewater, Florida, in the i)rinci;e1 sum
One Thousand (e'1002.00) dollars, with interest, and eayable
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in tho following mann,r: the sum of 74ve Hundr,2d (,500.00)
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dol 'ars rn or before January 1st, A. D. 1937 and t%.,=:, sum of
Five Hunr4-11 ( 5CC.00) dollars on o before .."-fril 1st) 1927;
and the said Mayor and TO. n C7o-k '..,,23 authorzod t- affix the
na.„Ie and the corporate seal of the Town of :dge.Tat'2.1', Florida,
to such .. romiosory note or notes.
Section 2 . That a coi,-; of this Resolution be sro.21,d upon and
made a part of the 7inutes of -lolls meeting and , co.. y be fur-
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nished t'..,- First Atl.nnt' c National Bank of 71a-,,-tona Peach.
foregoing Resolution was introducer', by Council-
man C . P. 8477-We who moved its adoption, and the
Motion was seconded by Counc-- ly L jyagyi‘/0..a
in adjourned regular session held this 27th da, of April, A. D.
1026# .7_1ssed by the unanimous vote of the Town Council of
tho To.:11. of .7..d,;ewat :*--42 Florida, the vote of the Council being
as
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