State v. City of Lakeland

On March 2, 1938, the City of Lakeland filed its petition in the Circuit Court for Polk County pursuant to Section 5106, et seq., Compiled General Laws of 1927, to validate $6,557,000.00 thirty year callable refunding bonds to be dated July 1, 1936, and to be exchanged at par for outstanding municipal bonds issued by the city at various times from 1904 to 1932, also approximately $1,000,000.00 in delinquent tax notes payable ten years from date in exchange for delinquent interest on said bonds refunded and accrued prior to July, 1936.

The petition recites that the refunding bonds are to be…