Section 131.02, Florida Statutes 2003
131.02 Refunding bonds; issuance; delivery; cancellation of refunded obligations.--Said refunding bonds may be issued within 3 months prior to the date of maturity of the obligations proposed to be refunded, or if said outstanding obligations shall be callable, within 3 months prior to the callable date. Refunding bonds may be delivered under the provisions of this chapter at any time regardless of the date of maturity or optional dates of the obligations refunded, upon the surrender by the holder of a like amount of the obligations refunded. All obligations refunded under the provisions of this chapter shall be immediately canceled in such manner as the governing authority shall prescribe.
History.--s. 2, ch. 11855, 1927; CGL 2379.