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12-month note, pledging almost the entire hotel site, "with buildings and appurtenances thereon." That note was not recorded as paid until may 29, 1925. GCD was also revisiting the financial markets, borrowing in 1917, $16,000 on a bond issue, with Whitney Bank being Trustee. The trust deed pledged lots 1 to 5 and 19 to 22, Block 37,	these	being
adjacent to the hotel	site,	and
themselves being the site of the dancing pavilion.	"Other" lots were also
included.
Two years later, in October 1919, the bondholders petitioned	for	a
substitution of the Whitney as trustee. This was approved, and E. J. Gex was named as trustee. At this time, Hopkins owned a majority of the	bonds.	In
February of the following year, Gex sold on a foreclosure to Joseph Rhodes. It is recorded that this transaction took place on the court house steps "after sundry bids, J. L. Rhodes bid of $4,000 being the highest, last, and best." It is interesting to note that Rhodes had been Secretary-Treasurer of GCD, and had been proxy for Hopkins in	the
substitution of trustee. Hopkins was then living in Newport News, Virginia.
In 1921, Rhodes sold his parcel to Clermont Harbor Land Co. which in turn sold the pavilion site to Hopkins in
1925.
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