§ 258-150. Mortgage or pledge of property of revenue not in existence; recording notice of mortgage and pledge liens.  


Latest version.
  • Any mortgage or conveyance of property and any pledge of revenues, whether contained in a resolution of the board or in a mortgage or indenture of trust, to secure the bonds of the district shall be valid and binding from the time when such mortgage or conveyance is delivered or such pledge made, and the system, properties, revenue, income, and monies so mortgaged, conveyed, or pledged and thereafter received by such district shall immediately be subject to the lien of such mortgage, conveyance, or pledge without any physical delivery thereof or further act, and the lien of any such mortgage conveyance or pledge, shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise, against the district, irrespective of whether such parties have notice thereof from the time when a statement thereof is filed in the county court of Brevard County, or other office where deeds and mortgages of real property are recorded and in the proper public office in any other county or counties where any part of the system or systems or properties of the district are located. Such notice shall be sufficient if it states the date of the resolution authorizing the issuance of the bonds, the date of the bonds, the principal amount thereof, the maturity dates thereof and whether the system is one or more gas transmission systems or one or more gas distribution systems or both. The county judge or other officer in charge of the recording office shall file and index such notice in the record of mortgages in their offices.

(Laws of Fla. ch. 57-1174, § 15)