State Ex Rel. First State Sav. Bank of Morenci, Mich. v. Dupuis
Decision Date | 12 December 1935 |
Citation | 165 So. 66,122 Fla. 216 |
Parties | STATE ex rel. FIRST STATE SAV. BANK OF MORENCI, MICH., et al. v. DUPUIS et al. |
Court | Florida Supreme Court |
Error to Circuit Court, Dade County; Paul D. Barns, Judge.
Proceedings by the State, on the relation of the First State Savings Bank of Morenci, Mich., and others, against J. E. Dupuis and others, as and constituting the Board of Supervisors of the Little River Valley Drainage District. Peremptory writ of mandamus was denied, and relators bring error.
Affirmed.
COUNSEL C. L. Chancey, of Ft. Lauderdale, for plaintiffs in error.
Brown & Wood and John E. Holland, all of Miami, for defendants in error.
Plaintiffs in error were relators in the court below wherein they were denied a peremptory writ of mandamus directed to defendants in error, J. E. Dupuis, John E. Holland and F. M. Soar, as and constituting the board of supervisors of Little River Valley Drainage District, requiring and commanding said supervisors to advertise for sale and sell, as provided by section 12 of chapter 12078, Acts 1927, General Laws of Florida ( ), all of the lands in said Little River Valley Drainage District, the title to which had become vested in said district for, or because of, the nonpayment of drainage taxes levied and assessed by said district for the outstanding bonds of said district, of which relator was a holder to the extent of $20,000 worth of said bonds, part matured and part unmatured, but all in default as to either principal or interest. On writ of error they seek a reversal of the judgment, with directions to the court below to award the peremptory writ as prayed for.
Little River Valley Drainage District was created and established under the general drainage laws of Florida, being article 1 of chapter 3, title 7, of the First Division of the 1927 Comp.Gen.Laws, chapter 12078, Laws of Florida Acts of 1927.
Under the authority of the foregoing statutes, the district issued its series of $275,000 of negotiable coupon bonds dated June 1, 1927. Relators became the holders and owners of $20,000 of these bonds, $5000 of which matured on June 1, 1932, $5,000 of which matured on June 1, 1933, the remaining $10,000 of bonds being yet unmatured at the time this proceeding was instituted. No interest has been paid on the past-due bonds since maturity. The interest coupons which matured June 1, 1933, on the five bonds due upon that date, as well as interest coupons which matured on and subsequent to December 1, 1932, on the unmatured bonds, remained unpaid when the petition for alternative writ of mandamus was filed.
Section 12 of chapter 12078 provides:
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