Hillsborough County v. Henderson

Citations

• 45 Fla. 356

Syllabus

<p>1. Counties desiring to issue bonds must comply with the statutory' provisions regulating such issue.</p> <p>2. A resolution for the issuance of bonds by a county, which stipulates that the bonds shall bear not more than four per cent, interest per annum, without fixing a definite rate, is not in compliance with the statutory requirement that the resolution determine the rate of interest to be paid.</p> <p>3. Assuming that a resolution for county bonds for two designated purposes, under section 591 of the Revised Statutes, should state the amount of bonds required for each purpose, a resolution providing for a gross amount of bonds for the two purposes is sufficient in this respect where one of the purposes is the funding of the indebtedness of the county.</p> <p>4. The statutory authority' to issue bonds given counties by sections 591 et seq. Rev. Stats, includes the right to make the bonds payable in gold coin of the United States of the present standard weight and fineness. •</p>