City of Fort Lauderdale v. Kraft

TERRELL, J.:

In March, 1936, the City Commission of Fort Lauderdale pursuant to Chapter 17118, Acts of 1935, adopted an ordinance to construct and-operate a' sewerage system, the estimated cost of which was $136,363.00. Part of this sum was paid with a P.W.A. grant and the balance, $89,000.00 in “Sewer Revenue Debentures,” bearing interest at four per cent, payable from the net revenues of sewerage system. The sewer revenue debentures were validated by the circuit court and approved at an election as provided by Section 6, Article IX of the Constitution.

In 1939, the Legislature enacted Chapter…