State v. the City of Miami

THOMAS, J.:

Water revenue bonds of the City of Miami were issued and validated by decree of the circuit judge which was affirmed on appeal to this Court. State, et al., v. City of Miami, 146 Fla. 266, 200 So. 535. Some of the bonds were to mature in each of the years 1941 to 1969, and all those which have fallen due have been retired.

Now, to obtain the advantage of reduced interest, it is proposed to refund all bonds of the original issue remaining after payment of those maturing 1 December 1944. The circuit judge confirmed the plan, and we are asked to decide whether the city is authorized by…