Boatright v. City of Jacksonville

In the present case the City of Jacksonville, acting under the authority of Chapter 15772, Acts 1931, Laws of Florida, and Section 6 of Article IX of the Constitution of Florida as amended in 1930, proposed -to extend and continue the obligation of certain of its outstanding bonded indebtedness by the issuance of a series of refunding bonds described as “City of Jacksonville Refunding Bonds, Third Issue of 1934,” which it designed to be sold and the proceeds used to retire the outstanding indebtedness or, at the option of the existing bondholders, taken in exchange for the bonds to be…