§ 262-130. Borrowing funds, notes.  


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  • That said board is hereby authorized and empowered, in order to provide for the work prescribed by this article, to borrow money temporarily from time to time for periods of time not exceeding two years at any one time, and to issue its promissory notes therefor upon such terms and at such rates of interest, not exceeding eight percent per annum, as said board may deem advisable. Any notes so made and issued may be paid out of the proceeds of the bonds authorized to be issued under this Act, or out of any other revenues or funds of said board, and said notes shall be a charge upon all of the revenues and property of said board not theretofore pledged. All such promissory notes so issued shall bear the name of Naples Harbor District, and be signed by the chairman of said board and countersigned by the secretary of said board.

(Laws of Fla. ch. 14766 (1931), § 10; Laws of Fla. ch. 18036 (1937), § 7)