§ 242-3. Bonds.

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The board of county commissioners may issue bonds in an amount determined by the board to be necessary for the purpose of financing the cost of constructing recreational facilities. The bonds shall mature at such time not exceeding 30 years from the date of issuance and shall bear a rate of interest not exceeding six percent per annum. The board shall determine the form of such bonds, the manner of executions, the denomination thereof and the place of payment.

(Laws of Fla. ch. 61-1909, § 4)

                    
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