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STATE v. OCEAN HIGHWAY AND PORT AUTHORITY

No. 37529.

217 So.2d 103 (1968)

The STATE of Florida et al., Appellants, v. OCEAN HIGHWAY AND PORT AUTHORITY, Appellee.

Supreme Court of Florida.

December 13, 1968.

Attorney(s) appearing for the Case

William A. Hallowes, 3rd, State Attorney, for appellants.

Herbert Wm. Fishler, Fernandina Beach, and Bryant, Freeman, Richardson & Watson, Jacksonville, for appellee.

THORNAL, Justice.

We have for review on appeal a decree validating an issue of revenue bonds.

We must decide whether the proposed bond issue constitutes a pledge of the public credit for the benefit of a private enterprise in violation of Fla. Const. art. IX § 10, F.S.A.

The appellee Port Authority was initially created by Ch. 21418, Laws of Florida, 1941. Thereafter Ch. 67-1748, Laws of Florida, 1967, was enacted. It provided in part:

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