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PROMISSORY NOTB
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or~"- o~ Daytona Beach, Florida
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v~ January 15, 1968
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~ FOR VALUB R~CEIVSD, the undersigned, SHAWNBB GROVSS CQtPOiRATION,
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a Florida Corporation, Haker herein, hereby promises to paq to T~
PBII~ADBLPflIA NATIOl~AL BANR as Trustee for the Aeaociated Coca-Cola
Bottling Co., Inc. Master Pensioa Trust, or order, the principal sum
of ZWBBTl'Y-BIGIiT THOOSAND FODR AUNDRSD DOLLARS ($28,400), with interest
fram date at the rate of SBVSN PER CSNT (7x) per year on the unpaid
balance until paid, at Philadelphia, Pennsylvania or such other
place as the holder may designate in writing, in sixteen (16) equal
quarter a~mual installments of T4T0 THOIISAI~ID FIFTY DOLLARS AND FQtTY-
SBVSN CSNTS ($2,050.47), including interest, beginning on April 15,
1968 and then on the fifteenth day of each July, October, January
and April ensuing until the principal and interest are fully paid,
~x! each payment being first applied to interest and the balance to
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i Va principal. Makers may pay all or any part of the unpaid principal
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= cto # J If aay payment is not made Within thirtq days after it is
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~~,4' ~ W due, the entire unpaid principal shall become due without notice at
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o ~ om the option of the holder, and.failure to exercise such option shall
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not waive the right to e~cercise it in event of a subsequent default. .
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31~t11 '1S In the event of default in payment, Maker will pay all cost of
,,,r collection including a reasonable attorney's fee. Protest is waived.
SHAWNSE QtONES CORPORATION
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`~~N~~u~?u~:,r,4~~ - President
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Prepared by : : ; 'f• -
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Dsvid C. Latham ` r
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P. 0. ~ Box 111 ; ~ _ • .
- Da toaa Beach Flori~a ~ ' r' ~ . . ~ _
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