State v. Florida State Improvement Commission

TERRELL, J.:

This appeal is from a decree validating revenue certificates issued by the Florida State Improvement Commission to finance the construction of an office building in Tallahassee, sometimes referred to as the Florida Industrial Commission building. Said certificates are payable over a period of twenty-two years in equal installments from the income or rental or such portion of the proposed building as the lessee, may see fit to rent, but may be discharged on any interest payment date ten years from date of issue.

Before the certificates were issued there was a finding by the Board of…