State v. Northeast Tampa Special Road & Bridge District

Petition was filed to validate refunding bonds under the refunding Act of 1931 and Section 6, Article 9, Florida Constitution.

The ultimate facts revealed to the Court by petition and exhibits attached are that the petitioner has outstanding road and bridge bonds with accrued interest aggregating $955,000.00; the rate of interest ranging from 3% to 6% on a graduated scale. It is alleged, as a conclusion, that it is for the best interest of the district and taxpayers that said bonds be refunded; that all acts and things have been done as required by law to do so.

The refunding bonds are to be…