Andrews v. City of Winter Haven

On May 1, 1933, the City of Winter Haven had a bonded debt of more than two million dollars, much of wbdeh was in default. For the purpose of refunding such indebtedness refunding bonds in the sum of $2,148,054.78, designated as City of Winter Haven General Refunding Bonds, Issue of 1933, Series “A” and “B” were authorized and issued.

Series “A” bonds were for the purpose of refunding the original bonds of the City bearing six per cent interest and Series “B” bonds were for the purpose of refunding the original bonds of the City bearing five and one half per cent interest. All bonds of both…