Supreme Court of Florida March 1, 1937 (Board of Public Instruction v. State Ex Rel. Beers)

Davis, J.

Chapter 8166, Special Acts 1919, authorized the Board of Public Instruction for Pinellas County to borrow money and issue interest-bearing time warrants in a total amount not exceeding $35,000.00, for the purpose of paying its then outstanding indebtedness, theretofore evidenced by warrants or other obligations issued by it.

M. S. Beers, as the

bona fide

holder for value of $3,000.