State v. City of Lakeland

This appeal is from a final decree validating an issue of utility Tax Revenue Certificates by the City of Lakeland. The proposed issue is for street, sewer and other municipal improvements and will be hereafter referred to as revenue certificates. The sole pledge of the city for payment of principal and interest on said revenue certificates is the net proceeds of utilities service taxes imposed by the city.

It is first contended that the City of Lakeland was devoid of authority to pledge its utility service taxes for payment of the revenue certificates without an approving vote of the…