Carlton v. State Ex Rel. Smith

Pursuant to Chapter 15772, Acts of 1931, Hardee County issued its court house and jail refunding bonds, Series of 1938, maturing January 1, 1968, bearing interest at three per ceent and graduated to five and a half per cent in 1950. An' ad valorem tax sufficient to pay interest and principal as they mature was imposed on all the taxable values in the county.

A. G. Smith, the holder of original bonds which he refused to exchange for refunding bonds, brought this action in' mandamus against the Tax Collector and Board of County Commissioners of Hardee County seeking to coerce payment of interest…