State v. Jacksonville Port Authority

The enabling “project” essential to the validation of the bonds in question is plainly inconsistent with the purpose for the creation of the Jacksonville Port Authority, thereby prohibiting that Authority from acting pursuant to Fla.Stat. Ch. 159, Part II and under Fla.Const. art. VII, § 10(c). Further defect barring approval here is the fact that there is not a direct leasing of the facility to the using agency, namely the National Distributing Company. Instead, the agreement by the Port Authority is with C & D Realty Corp. which will in turn later, it says, lease to National for operation.…