State v. City of Clermont

The record in this case discloses that during the years 1924, 1925 and 1926 the City of Clermont issued several thousand dollars of its bonds and on July 1, 1939, bonds of the par value of $884,300.00 were then outstanding and unpaid, with accrued interest to the aforesaid date in the amount of $440,117.00. The City of Clermont had defaulted in the payment of these bonds and interest for approximately ten years, and while tax levies had been made by the city for the purpose of payment of the bonds and interest, the said tax levies as made were delinquent for a period of time from 1928 to…