State v. City of Fort Pierce

This appeal is taken from a final decree validating $170,000.00 of revenue certificates authorized by an ordinance of the City of Fort Pierce, for the payment of which the future net revenues of the City’s electric light and water system were pledged. The proceeds of the certificates when sold are to be used in paying-for needed extensions of the electric light plant.

The only new question presented by this record is whether the pledging of the net revenues of both plants — the waterworks plant as well as the electric plant — can be validly made without approval at an election held pursuant to…