§ 131. Security for payment of such bonds or certificates.

The revenue or excise tax bonds or certificates shall be special obligations of the municipality and shall be payable from and secured by a lien upon the revenue of the enterprise or other pledged security, as more fully described in the resolution adopted, having due regard to the cost of operation and maintenance of the enterprise, and the amount of proportion, if any, of the revenue of the enterprise previously pledged. The city may by resolution pledge for the security of such bonds or certificates a fixed amount, without regard to any fixed proportion of the gross revenue of the enterprise.

(Laws of Fla. ch. 99-477, § 1)

Editor's note

This section has been superseded in part as the full authority for the issuance of bonds is contained in F.S. § 166.101 et seq. and other pertinent sections of Florida Statutes regarding bonds which are listed in the state law reference to this article.