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TOWN OF MEDLEY v. STATE

No. 32822.

162 So.2d 257 (1964)

TOWN OF MEDLEY, a municipal corporation of Florida, Appellant, v. The STATE of Florida, and the taxpayers, property owners, and citizens of the Town of Medley, Florida, including non-residents owning property or subject to taxation therein, Appellee.

Supreme Court of Florida.

March 23, 1964.

Attorney(s) appearing for the Case

Swink & Swink and Clyde A. Willard, Miami, for appellant.

Richard E. Gerstein, State Atty., and Glenn C. Mincer and Joan Elizabeth Odell, Asst. State Attys., for appellee.

O'CONNELL, Justice.

The petition of the Town of Medley for validation of $156,000 of "Public Improvement Revenue Bonds" was denied by the trial court and this appeal followed.

To retire the subject bonds the Town pledged revenues from a proposed water system, proceeds of the cigarette tax, franchise tax on electric power, utility taxes and occupational license taxes. No ad valorem taxes were pledged and the form of the proposed bond and the ordinance authorizing...

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