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NORTH FLORIDA WATER COMPANY v. CITY OF MARIANNA

No. K-517.

225 So.2d 450 (1969)

NORTH FLORIDA WATER COMPANY, a Florida Corporation, Appellant, v. CITY OF MARIANNA, a Florida Municipal Corporation, Frank Hudnall, As Mayor and City Commissioner of the City of Marianna, John L. McFarlin, Jr., W.E. Sherrel, James E. Harkins and H.E. Porter, As City Commissioners of the City of Marianna, Alex H. Lewis, As City Manager of the City of Marianna, Appellees.

District Court of Appeal of Florida. First District

Rehearing Denied August 28, 1969.

Attorney(s) appearing for the Case

Thomas C. Wilkinson, Marianna, Gibbons, Tucker, McEwen, Smith & Cofer, Tampa, Ross, Hardies, O'Keefe, Babcock, McDugald & Parsons, Chicago, Ill., for appellant.

Barnes & Grant, Chicago, Ill., for appellees.

JOHNSON, Chief Judge.

This is an appeal from a final judgment denying appellant's request for an increase in the maximum rates it is entitled to charge for furnishing water to the City of Marianna and its inhabitants.

The record discloses that the appellant purchased the utility in toto for $750,000 to $800,000, and made a tax return to local tax assessor for ad valorem tax purposes at $300,000 or $400,000. There...

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