(http://www.tampabay.com/multimedia/archive/00014/b4s_oldloan031708_14313c.jpeg)
Tampa issued a promissory note for $299.58 to pioneer storekeeper Thomas Pugh Kennedy on June 21, 1861. And his great granddaughter Joan Kennedy Biddle, 77, who has known about the note since she was a little girl, wants to collect with interest. Joan Kennedy Biddle, now claims with 8% interest included, the City of Tampa owes her $22.7 million.
Quote"Obviously we came at a bad time because the city seems like they're trying to cut their budget," she said. "On the other hand, they're building the Riverwalk."
full article: http://www.tampabay.com/news/localgovernment/article419897.ece
Holly cow! Where can I get one of those notes!
That's interesting. She will be lucky if she gets the original $300 back though.
The note itself is probably worth more as a historic document than as evidence of indebtedness. See what the local history museum will pay for it.
I am almost positive the debt is no longer valid because she and the previous owners of the instrument took WAY too long to attempt to collect it. So, I am pretty sure the statute of limitations has run. She should donate it to the museum of Tampa history and claim a $22.7 million charitable write off on her 2008 taxes. :D
^ Not a bad idea Gator.