Florida National Building Corp. v. Miami Beach First National Bank

This appeal is from a decree rendered March 10, 1942, by the Circuit Court which in effect enjoins the removal of a trustee in a county bond trust agreement. The removal is made by a majority of the bondholders under authority conferred upon such majority. The suit is by the trustee alone. The county is made a defendant and does not seek or resist the removal of the trustee.

The trust agreement executed by the county and by the Miami Beach First National Bank, as trustee, has relation to the issue, sale, and future payment of county bonds for the construction of a public causeway. The bonds…