State v. Southeast Volusia Hospital District

CARLTON, Justice.

The State has directly appealed from a final judgment of the Circuit Court, Volusia County, validating a $3,000,000.00 bond issue sponsored by appellee Hospital District. Article V, Section 4(2), Florida Constitution, F.S.A., vests this Court with jurisdiction. Oral argument was not requested. We affirm the validation.

In their briefs, the litigants have concentrated upon the following issue: Whether it was error for the Circuit Court to validate a bond issue which carried a higher rate of interest than was possible at the time of the freeholder’s election.

In September, 1968,…