Fort Pierce Gas Co. v. City of Fort Pierce

TERRELL, Justice.

The City of Fort Pierce filed its complaint to validate an issue of revenue certificates, the proceeds of which were to be used for constructing and operating a gas distribution system to serve the residents of Fort Pierce and its environs. Interest and sinking fund on said revenue certificates were to be paid from the net revenues of the proposed gas distribution system. Appellant, a taxpayer of the city, answered the petition, contending that the proposed revenue certificates were bonds within the contemplation of Section 6, Article IX of the Constitution, F.S.A. and…