State v. Florida Development Commission

CALDWELL, Justice.

These cases, before us on appeals from the Chancellor’s Decree validating “Florida Development Commission Sunshine Skyway Revenue Bonds” dated March 1, 1966, in the principal amount of $26,500,000.00, were argued and considered together. The proceeds of the bonds are to be used to pay the cost of constructing certain roads and bridges in Pinellas, Hillsborough and Manatee Counties and to refund outstanding revenue bonds issued September 1, 1951, to finance the construction of the Lower Tampa Bay Bridge Project.

Petition for validation of the bonds was filed in the Circuit…