Florida Statute 159.35 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XI
COUNTY ORGANIZATION AND INTERGOVERNMENTAL RELATIONS

Chapter 159
BOND FINANCING

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F.S. 159.35

159.35 Trust agreement.—In the discretion of the local agency, any bonds issued under the provisions of this part may be secured by a trust agreement by and between the local agency and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or without the state. Such trust agreement or resolution providing for the issuance of such bonds may pledge or assign the fees, rents, charges, proceeds from the sale of any project or part thereof, insurance proceeds, condemnation awards, and other funds and revenues to be received therefor, and may provide for the mortgaging of any project or any part thereof as security for repayment of the bonds. Such trust agreement or resolution providing for the issuance of such bonds may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including covenants setting forth the duties of the local agency in relation to the acquisition of property and the construction, improvement, maintenance, repair, operation, and insurance of the project or projects in connection with which such bonds shall have been authorized, the fees, rents, and other charges to be fixed and collected, the sale of any project, or part thereof, or other property, the terms and conditions for the issuance of additional bonds, and the custody, safeguarding, and application of all moneys. It shall be lawful for any bank or trust company incorporated under the laws of the state which may act as depository of the proceeds of bonds, revenues, or other money hereunder to furnish such indemnifying bonds or to pledge such securities as may be required by the local agency. Any such trust agreement or resolution may set forth the rights and remedies of the bondholders and of the trustee, and may restrict the individual right of action by bondholders. In addition to the foregoing, any such trust agreement or resolution may contain such other provisions as the local agency may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out the provisions of such trust agreement or resolution may be treated as a part of the cost of the project or projects in connection with which bonds are issued or as an expense of administration of such project or projects, as the case may be.

History.—s. 11, ch. 69-104.

F.S. 159.35 on Google Scholar

F.S. 159.35 on Casetext

Amendments to 159.35

Arrestable Offenses / Crimes under Fla. Stat. 159.35

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 159.35.

Annotations, Discussions, Cases:

Cases Citing Statute 159.35

Total Results: 10

Nowlin v. State

Court: Supreme Court of Florida | Date Filed: 1977-05-26

Citation: 346 So. 2d 1020

Snippet: explanations as he may desire. Brown v. State, 46 Fla. 159, 35 So. 82 (1903); Rowe v. State, 128 Fla. 394, 174

Jones v. State

Court: District Court of Appeal of Florida | Date Filed: 1973-08-15

Citation: 281 So. 2d 398, 1973 Fla. App. LEXIS 7676

Snippet: 397, 68 So. 378; Brown v. State, 1903, 46 Fla. 159, 35 So. 82; Bright v. State, Fla.App.3d 1972, 250 So

State v. PUTNAM CTY. DEVELOP. AUTH.

Court: Supreme Court of Florida | Date Filed: 1971-05-27

Citation: 249 So. 2d 6

Snippet: an addition to, a service facility. Fla. Stat. § 159.35, F.S.A. provides for "the mortgaging of any project

Peninsular Naval Stores Co. v. Mathers

Court: Supreme Court of Florida | Date Filed: 1928-12-04

Citation: 119 So. 333, 96 Fla. 620

Snippet: him in the trial court. Brown v. State, 46 Fla. 159, 35 So. R. 82; Hoodlass v. Jernigan, 46 Fla. 213, 35

Nickels v. State

Court: Supreme Court of Florida | Date Filed: 1925-12-01

Citation: 106 So. 479, 90 Fla. 659

Snippet: proposed to impeach him. Brown v. State, 46 Fla. 159, 35 South. Rep. 82; Alford v. State, 47 Fla. 1, 36

Lewis v. State

Court: Supreme Court of Florida | Date Filed: 1924-01-19

Citation: 87 Fla. 37, 98 So. 917

Snippet: Carter’s Admrs., 20 Fla. 45; Brown v. State, 46 Fla. 159, 35 South. Rep. 82; Bennett v. State, 66 Fla. 369,

Ward v. State

Court: Supreme Court of Florida | Date Filed: 1918-01-15

Citation: 75 Fla. 756

Snippet: *77912 South. Rep. 653; Brown v. State, 46 Fla. 159, 35 South. Rep. 82. The thirty-fifth assignment of

Kilgore v. State

Court: Supreme Court of Florida | Date Filed: 1915-04-13

Citation: 69 Fla. 397, 68 So. 378

Snippet: properly overruled. See Brown v. State, 46 Fla. 159, 35 South. Rep. 82. The second ground of the motion

Sims v. State

Court: Supreme Court of Florida | Date Filed: 1907-06-15

Citation: 54 Fla. 100

Snippet: objections will be considered. Brown v. State, 46 Fla. 159, 35 South. Rep. 82; Hoodless v. Jernigan, supra. When

Hoodless v. Jernigan

Court: Supreme Court of Florida | Date Filed: 1903-06-15

Citation: 46 Fla. 213

Snippet: 26, 34 South. Rep. 220; Brown v. State, 46 Fla. 159, 35 South. Rep. 82; 8 Ency. Pl. & Pr. 223; Abbott’s