Florida Statute 180.08 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XII
MUNICIPALITIES

Chapter 180
MUNICIPAL PUBLIC WORKS

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F.S. 180.08

180.08 Revenue certificates; terms; price and interest; three-fifths vote of governing body required.—

(1) Any municipality which acquires, constructs or extends any of the public utilities authorized by this chapter and desires to raise money for such purpose, may issue mortgage revenue certificates or debentures therefor without regard to the limitations of municipal indebtedness as prescribed by any statute now in effect or hereafter enacted; provided, however, that such mortgage revenue certificates or debentures shall not impose any tax liability upon any real or personal property in such municipality nor constitute a debt against the municipality issuing the same, but shall be a lien only against or upon the property and revenues of such utility, including a franchise setting forth the terms upon which, in the event of foreclosure, the purchaser may operate the same, which said franchise shall in no event extend for a period longer than 30 years from the date of the sale of such utility and franchise under foreclosure proceedings.

(2) Such mortgage revenue certificates or debentures shall be sold for at least 95 percent of par value and shall bear interest not to exceed 7.5 percent per annum.

(3) No mortgage revenue certificates or debentures shall be issued except upon a three-fifths affirmative vote of the city council, or other legislative body of the municipalities by whatever name known; such mortgage revenue certificates or debentures shall provide that out of the revenues and income derived and obtained from the operation of the utility so constructed, such portion thereof as may be deemed sufficient after all operating costs have been paid, shall be set aside annually in a sinking fund for the payment of interest on said certificates or debentures and the principal thereof at the maturity of the same.

History.—s. 5, ch. 17118, 1935; CGL 1936 Supp. 3100(10); s. 18, ch. 73-302.

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Amendments to 180.08

Arrestable Offenses / Crimes under Fla. Stat. 180.08

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

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 180.08.

Annotations, Discussions, Cases:

Cases Citing Statute 180.08

Total Results: 9

O'Brien v. McMahon ex rel. Todd

Court: District Court of Appeal of Florida | Date Filed: 2010-10-07

Citation: 44 So. 3d 1273, 2010 Fla. App. LEXIS 15063, 2010 WL 3909644

Snippet: Harnett & Irving I. Lesnick, Appleman on Insurance § 180.08 (2d ed. 2006) (“[I]n most life insurance policies

Delgado v. State

Court: Supreme Court of Florida | Date Filed: 2006-11-16

Citation: 948 So. 2d 681, 2006 WL 3313734

Snippet: (citing Blockburger, 284 U.S. at 304, 52 S.Ct. 180). [8] The intent required for burglary is that the

Florida Bar

Court: Supreme Court of Florida | Date Filed: 1988-08-25

Citation: 536 So. 2d 178, 1988 Fla. LEXIS 1480, 1988 WL 143330

Snippet: 100, 8.110, 8.120, 8.130, 8.140, 8.150, 8.170, 8.180, 8.190, 8.200, 8.210, 8.220, 8.230, 8.240, and 8.270

Florida Bar

Court: Supreme Court of Florida | Date Filed: 1988-08-25

Citation: 530 So. 2d 920, 13 Fla. L. Weekly 506, 1988 Fla. LEXIS 1527, 1988 WL 90342

Snippet: 100, 8.110, 8.120, 8.130, 8.140, 8.150, 8.170, 8.180, 8.190, 8.200, 8.210, 8.220, 8.230, 8.240, and 8.270

Empire Tool Co. v. Wells

Court: District Court of Appeal of Florida | Date Filed: 1969-09-29

Citation: 227 So. 2d 76, 44 A.L.R. 3d 1327, 1969 Fla. App. LEXIS 5029

Snippet: Taxicabs of Tampa, Inc., Fla.App.1962, 147 So.2d 180; 8 Am. Jur.2d, Bailments, § 60. . Southern Industrial

State v. City of West Panama City Beach

Court: Supreme Court of Florida | Date Filed: 1961-03-08

Citation: 127 So. 2d 665, 1961 Fla. LEXIS 2351

Snippet: construction. It is then contended that under Section 180.08, Florida Statutes, F. S.A., the municipality is

State v. City of Fort Myers

Court: Supreme Court of Florida | Date Filed: 1945-12-14

Citation: 24 So. 2d 50, 156 Fla. 681, 1945 Fla. LEXIS 964

Snippet: Florida Statutes, 1941, F.S.A., where, in Section 180.08, there is given authority to municipalities to

Smith v. Guckenheimer & Sons

Court: Supreme Court of Florida | Date Filed: 1900-01-15

Citation: 42 Fla. 1

Snippet: Utah 60, 37 Pac. Rep. 90; Long v. Long, 96 Mo. 180, 8 S. W. Rep. 766; Spain v. Thomas, 49 Ill. App. 249;

Knox v. Spratt

Court: Supreme Court of Florida | Date Filed: 1883-01-15

Citation: 19 Fla. 817

Snippet: American Edition, 453; Sugden on Vendors, 179, 180, 8 Am. Ed.; Dwight vs. Cutler, 3 Mich., 567. Lord