STATE v. CLAY COUNTY DEVELOPMENT AUTHORITY

No. 31354.

140 So.2d 576 (1962)

STATE of Florida et al., Appellants, v. CLAY COUNTY DEVELOPMENT AUTHORITY, a Body Corporate and Political Subdivision of the State of Florida, Appellee.

Supreme Court of Florida.

Rehearing Denied March 22, 1962.


Attorney(s) appearing for the Case

William A. Hallowes, III, Jacksonville, for appellants.

Scruby & Yonge, Orange Park, and Patterson, Freeman, Richardson & Watson, Jacksonville, for appellee.


DREW, Justice.

This appeal by the State of Florida (hereafter referred to as the State) questions a final decree validating $500,000 of revenue anticipation certificates proposed to be issued by the Clay County Development Authority (hereafter referred to as the Authority)1.

In 1958, the Authority acquired a surplus airfield consisting of approximately 1300 acres of land located in Clay County and known as Fleming's Island Satellite...

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