CopyCited 8 times | Published | Supreme Court of Florida | 1966 Fla. LEXIS 3179
...esignating interest costs on the certificates during construction, and a reasonable time thereafter, as an item of the cost of the improvements and authorized payment of such costs out of the proceeds of the special assessment. The 1959 amendment to Section 170.15 is cited as the basis for this contention....
...In this case the court held that since this was omitted the Florida special disability fund could not have such an independent entity; in other words, the courts could not supply what the Legislature had omitted in enacting the law. In the case at bar the deleted portions of Section 170.15 are illustrative of what improvements are considered proper; it attempts to elaborate in some detail on what is considered proper expenses; however, in the amended section the municipality still is empowered to pay the "cost of any improvement as it may deem proper"....
CopyPublished | Court of Appeals for the Eleventh Circuit
...position when determining whether to sell or retain the stock they
cannot appraise the problem with the same detachment with which
they approach the sale of other securities. IIA Austin W. Scott &
William F. Fratcher, The Law of Trusts § 170.15, p....
...A beneficiary may,
however, authorize the trustee to retain as an investment its own
stock (or the stock of an affiliate) received from the trustor.
Without authority to retain ownership the trustee must sell within
a reasonable time. IIA Scott, § 170.15, at p....
