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o~ . ,«,,i- S~CU~~D P~OTE ~ - ~
Oate Prepared By CAecked By
BORRQWEtI
NAME ~ ~
ApDkESS
Bank Gl Account Numbe~ Comrn. Nae Numbe~ FACE AMOUNT OF NOTE
C UM19pN
DATA
s . ~ ~ •
Tlme
ISSt1E DATE Class M/?TURfTY p/1TE
~ ~ 1. Te~~n
- _ 2. Time / /
3. Demand
DUE MAKER
DUE ON DEMAND IF ~TO bEMAN~~'" O~I~~m, Louisian~, MARCH 1~ ~Q 75
For value received_ON F~BRIJARY 2~~ 1976 ~t~7~~~~o~~}~r~ ~tverally and in solido, promise to pay !o
th• order o~ FicSt National Bank Of Commeree ('h~r~inalk~? call~d !6e 8ank'), a! i!~ banking hous~, core~r Common and Bsronne Sts.,
uv VEw OR1~.Ahs
in NewO?leans,la. THRE~ MILLION AND NO~l00ths ($3,000,000.00) OOLLARS~
..ikh inleres! at t6c ra4e o1 ~.Q~ p~r tenE per annum irom d S t e uolil paid.
inte~est ~a~able~ at maturit~r. '
A ps~t~ef ne o severs ly wswe presen~menf r peymen~, demand, protest and nohce o/ protcst end non paymen~ and alw all pleas of drvision and d~s- i
c~ss:on, a~d ayree ~he~ ~he paymen~ hereol may be e¦eended Irom nme ~o nme, o~e or mo~e ~imes, w~ihout nouce, he~eby b~nd~ng themulves m aoLdo un-. ~
cur,d~~ronally and as ongmal m~ken •nd p~om~sors 1or the psymen~ he~eot m pnnapal, mterest, costs and attomey's /ces
7he parnes here~o b~nd themselvet to pey the lees ol a~y atlomey a~ law who may be employed to recover ~he •mou~t hereol, or any part hereof; in
pnnc~pAl or iMer 3t, or to protect the ~nferes~s of the holder hereoi or to comprom~~e or ~o take sny othe~ ~dwn w~th ~ega~d AerHO, wh~ch (ees are hereby hwed
et ~j per eent of the •mou~t fhen ow~nq hercon •nd souqht to be cpllecled, protected or prexrved
7h~s note. ~n pnnupnl, ~ntr~es?, cosls •nd a~tomey's lees, end any eatens~on or renewal hereol, and any •nd every other debt, I~bb~L~y and obGgN~on, 3
d,recr or ~nJ~roc~, abwlute or co~nnqe~t, I~qu~dated o~ u~hpwdated, due or to become duc, whether now e¦~shng or here~fte? arn~nq, ol ~he parl~es herNo, or
en~ 01 ~hem, 1o fhe Bank, up io the ivm ol ~wen~y-(~ve m~ll~on (s?S.OOO,OOppp) dotlsrs, are and shall be ucured by 1he pledge o1 all secunnes and/or property
I s~rd enJ descr~bed on ~he reverse hercol •r•d a!1 add~hons ~he~eto •nd/or subst.iu?~ons therelor, and •11 osher secu?~~~es •ndlw p~opertr ol every nsture wh~r-
soc~c~ th~e~ are now pledqed w ~ha~ m~y be 1 erealter pledged to the Bank by the parues here~o or •ny o( them •nd •11 add~nons endior s~bsh~ut~ons ~o or tor
s~,ch iecuni~es end/or prot.e.ty, end all o+he• secunnes andlor pro~x.ty of every n~ture wha~soeyer, mdvd~nq •11 money, r.egot~ahle ~nstruments, commncial
peFe. nores, bonds, stocts, credns. choses m stt~on, tla~ms, demands, oi any ~~tere~t m anv thereol, ~ha~ m~~ now or herea(ter ~,n t.ans~t to or from ~he Bank
o~ ~hnr mey now or hereafter be held br or le(e ~n possess~on or under cont.ot o~ ~he Benk tor •ny pu~pose whatsoever by any ol the par~~es herc~o, whether said
I, ~t `~r~i~es and/or p~operly bt held by or undr rhe conual ol the Benk alone or w~~h oiAers or by my such o~her person o~ corpo~anon lor acco~nt o( the Bsnk r
i .er solely or w~th p~hers, •nd by ~he bsler: e ol every depos~~ eccoon? wh~ch Ihe perhe here~o end any o~ them may at any hme have w~~h ~he Bank 3
i tf a~ any nme rhe secvr.y held by thr Rant lor ~h~s note or lo~ any of ~he s(oresa~d other debts. 6ab~I~Ges or obl,qabuns o! ft:e parhes here~o o~ any ol i
' ~I er~~ }o ~he Bank dec~~~es ~n vel~e o. becon:es ~mrie~.ed or lur any uther .eswn be o. txcomes unsshaleUory ~o the BanA, the p~rues ~e.e~o +grce ~o f~rn~sh on 3
f derra~~d such I~riF.er secunty o~ ma~e such paymenr on account •s shall ~ sahsfactory ~o the Bsnk i
E V~wn fh~ ~~I?~, SuSyeni~on, Ie~lure o~ ~nsolvency. however ev~denced, o~ eny par~y hereto, or ~1 hroceed~nqs 1or voluntsry or mvol~niary banl~upKy or i
f:.~ n~y ~eed~vi~ment of .ndehtedness, m:iqanr~ahon. com~s~~~on or estens~on under any bsnlrupKy or ~nwlvency I~w be brovght by or aga~~s~ a~y parly hereto,
~1 e~~y par~y hereto ldes p~o:eed~ngs •or a resp~te or makes a yener~l •ss~4nment (or Ihe benel~t o1 cred~~ors, or ~I a~ecerver of all or sny per! o( the prope~ty ~
o! a.,y parry Aere~o be eppl,ed 1or o. eNpc~n-rd, or ~t proceed~nqs lor rhe d~saotunon or the eppo~Nmem o( a Lqwdator ol eny pe.ty herero e~e commenced, or if
a•~r v~'~v ~~erNO be ~n de~ev~r w~th ~r.nect ~o •~y prom~se herem tonts~ned or w~th respec~ ~o eny of Ihe •forese~d other debts. 6ab~hnes o. ob6yai~ons ol Ihe ~
~ ~ e~•,ri I:ere~o o~ any o~ ~1•em ~u ~he F!,n'.., thcn, end ~n any ol sa~d e~enes ~h~s note end eech ~nd every one o! the aforese~d othe~ debts, I~ab~Lnes and obl~qanuns
Ben~ of the pames h~reto, an•• ee~h o~ tF.em, shall, w~thout eny not~ce, demend or putung ~n de(ault wh~tsoever, unless IAe Bank sAall od~e~w~se elect, be
for!~,wnh due and payable '
In cese u1 00.~ peymem of th~~ nnte a~ m~tvn~y, or when otherw~x due, ~hc Bank is hereby urevoc+bly avtAorired to sell, ass~gn, t~ansle. and el(ccn~ely ~
~ de!..c~ tt~e •lo~esa~d secvn~~es and.'o~ .o
p perty, or any pert or perts thereol, •t pvbLc or pnw~e sele o~ o~ or through sny e¦c~ange or broke~'s hoa~d and et such
~ o~ tmes as the Ban? may, m~~s s,.~e d~s~ ret~on, elec?, w~~ho~i rtto~rse to ~ud~u~l proceed~ngs and w~thout e~ther demand (or payr.~ent, appro~iemem, adver•
~:e~~~nr o~ not~ce ol any k~nd, all 01 rv~.~ch ere herehy e+pressly wawed At any svch sele the Bank may ~tulf p~rchau ~he whole or •ny pan o( ~~e securmes
a^j p~oper~y sold f~ee from sny nqhr ol redempl~c~ on tht part o~ Ihe part~es hereto, or an y o( ~hem, which n qht ~ s h e~ e b y e i p r e s s l y w a~ v e d a n d r N e s s e d.
1~: c~sr o f •ny se le or ot her d~spos~~~on o! an: or all ol the a(oresa~d secur~t~es •nd/or prope~ty, e(Itr deduchng ~11 costs, attomey"s lee: and er~,enses of all k~nds,
c fl.,n1. mey epply ~he rrs~due o1 ~he proce .di u1 such sale or sefes pro tsnto to the psymeN ol th~s note and/or any or all ol the a(u.esa~d other debes, Lab~Lnes
o; o!~i~9nhons ot ~he pernes ~e.e~o or any o! ihem, whethe~ then due or not due, up ~o ~he ~mo~M o( twemybve mrlhon (=?5.000,00000) dollars, ~etu.n~ng ~he
c,~~ylus, ~t eny, lo ~he perh~~ hereto
lhe B~nk is hereby author~ied, et any hme •~d Irom nme to ~~me, •t ~ts opnon, to apply sny part or ell 01 ~he taalance o( every depos~t sccount of the psrUes
I.~~~+o, or eny ol thcm, ~nd/u. eny or etl mo~~es now or herealte. ~n ti~e hands ol the Bank, or ~n hens~t lo or Irom the Bank and t,clong~ng ?o she parties hereto,
c e•., ef ~hem, io Ihe paymenr, ~n whole or ~n pari, 01 ~h~s notc, ~n pnnc~pal, ~nrerest, cosrs and atlomey's fees, snd/or of aoy of the afo~esa~d urhe~ debts,
I rt .l~+,cs and obl~genom ~f ~he parhea hcreto o~ aoy of ~hcm. whc~her ihen due or no~ dve, up ~o the amoun~ oi Iwenty (~ve mdhon (S'15.000.QOC 00) dollers
lhc BsnF ~s furfher authonieJ, et any t~me e+ ~ts opnon, ~o transtc~ or uuse to tx trenstcrred to or reqntered ~n the nsme ol ~tsel( or ~ts nommee o? nom,-
rrrs eny or •11 of Ihe •(orese.d securA~es and~or p~ojxrty and, whether or nol so Irens}erred or req~stered, lo rcc~~ve the ~ntume ar~d d~v~dends the~ton and lo
1,', it~r snme •s psr~ 01 rhe alo.esa~d secur~hes end:'or property or, as ~ri opr~on, to ~pply tt~e tiame, es Aere~nsbove pr~v~ded, to the paymen~ of th~s nole end/o~
o~ e~~, of ~he •foresa~d other deb:s, t~eb~i~ues snd oGl~ns~~ons ol ~he parnes hereto or •ny ol tbem.
lhc Bs~k may, m~~s d~sue~~on, whe~her o. no~ ~h~s .wfe tx d~e. eny nmc snd l~om nme ~o hme. ~n ds n~me ar ~n fhe name o! ~he pa~t~es hereto, or any
c' demsnd, sue for, cnllecf snd/o~ rece~ve eny muney a..Aior prope.ty ar any ~~me due, payeble or rece~wbte upon or o~ ~ccount of or ~n e,c~anye foi,
c:,n~~ any romprom~se or set~lemenr d derms d~a~reble wnh ~f~l~MCC to. •nd/or otherw~ie real~re upon, w~ih vr waho~i sui~, any or all o/ the a(oiea~d securi•
~ t r~ e~~d o~ prope~~y and, msotar •s s~~d setvn~its •nd/or prop~rry shell cons~si o( obLqahons loi the p~ymcm ol money, Ihe &enk may e~~end ~he hme (or
~ p~,. ,e~~~ ~hc.eut as to an~ per~y or part~es Lsbl~ Ihereon, w~~ho~t ~nr~rrmq respon~rb~Lty to any pariy heielo
~ ih~ ~an{, mey heriller ~h~s note and n~ay del.ver a~y or ail ol tbe •`~ne~e~d sewnnet enA~nr property to the.transleree thereol and sh~ll he ~herea(1er tuily
~ d ti ~ a~y~d f~om •II t~ab~bfy end respons~L~t~~y w~~h respec~ to ~he se~ur~r~es •nd/or p~oper~y so translened anct the frsnsfe~ee ~he~eol ~Lell be vea~ed ~+•~th all ~F~e
~ ;..~~s end r~ql~~s oi the Bank w~~A respeU io such ut~nr~es ?ru!/or p.otxrty so nsnsfured, tw~ the flenl sh~ll ~~iain, w~~h ~espec~ ro eny secw~~~es andior
~ t' c; r.t~ n~t so t.~ns(ened. •tl of the n~ht• and powers I~ereby gwen •nd cunlerred.
Thr Bsnk rniy et eny 1,me ~eleese •~y o1 the parf~es here!o m whole or ~n part, 1~om Ihen obhyaf~o~s he~evnde~ wdt.out m any msnritr allechng or ~mpair-
~;~hr ~~qhti ol rhe Denl rye~ns+ •II urher pa.hcs h~reto r.o~ w rclerscd All p~~t~cs ?~ereio sever~lty conxN ~nd sq~ee that eny or •iI ol the •}ores~~d xcur.tres
~ e~~.i o~ ~~roperty mey be e.cheny~d or surrendered or urhe~w~se deelt w~~h Irom t~me ~o ~~me w~t?but nohce to or sssem from ~ny pmly hercro and w~iho~t m•ny
} r~~n~,ner relt~s~np or •Iteru,q Iheu ob6qafw~n hcreu~der
No delsy on th~ pe~t pf th~ penl ~r. e•rruf~ en we~ or n ht he~tunder ehell o y power or nght npr S~all •ny sin9le oI
~ ~~i ~l e.~.ofc ol •n "9 v W q pcrote •s a waiver of ~n s~ch
~ { y puwr~ ur nyM hrrc~ndrr prcclvde other or I~~Iht~ t¦ercise d~erto~ or thc tacrt~ft ol •ny pthtr qiwer or r~SPub hertvndei.
As uvd here~n, th~ ~e~m 'pert~!s herero"' shell tx cfeemed /o ~nclude not only ~he rnnker or ms?e~s hereo( bu~ •Iso ~ny enJarse~ or endorsers, surety or
i_~~~~~s, anA qwr~nfor or q~~~rnMOrs
~ All pernes nereru Ivr+her ;ever~lly aqr~e th~t th~s no~e ev~de~ces •nd sers Ior~A the~r enbre •qr~ertxnt w~th Ihe hotder hercol •nd th~t no mod~l~~~bpn
r..,r„( ~hall be bu~dmq ~nlrss ~n wnhnq •nd s~yned by th~ pa~nes h~~eio ,
TH~ CARI.TON CORPORATION ~
o~R 1 .
No. 800K pq~F __g y_ 1's / I. C. De a 1 t
Presiden~f- '
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