Hess v. City of Orlando

—On the twelfth day of September, 1938, the City of Orlando adopted an ordinance proposing to issue seven hundred ninety-eight thousand dollars in Utility Revenue Certificates for the pu’rpose of securing a loan from the Federal Emergency Administration of Public Works to improve and extend its sewer system, the said loan to be amortized in stated annual payments over a period of thirty years and to bear interest at four per cent, per annum.

The ordinance expressly provides that the certificates will not constitute a lien upon any property or give any right for the appointment of a receiver or…