State v. City of Miami

February, 1940, the City of Miami adopted Resolution 15996 for the purpose of refunding the following bonds: $27,372,000 Refunding Bonds of 1940, Series GM; $392,000 Refunding Bonds of 1940, Series EH, and $396,000 Refunding Bonds of 1940, Series OM. This appeal is from a final decree validating the refunding bonds as authorized by said resolution.

The first question we are called on to answer is whether or not Chapter 15686, Acts of 1931, is sufficient authority to support the resolution and to refund the bonds as proposed.

This question must be answered in the affirmative. Chapter 15686 is a…