State v. Escambia County, Florida

14 So. 2d 576, 153 Fla. 282, 1943 Fla. LEXIS 606
CourtSupreme Court of Florida
DecidedJuly 8, 1943
StatusPublished
Cited by8 cases

This text of 14 So. 2d 576 (State v. Escambia County, Florida) is published on Counsel Stack Legal Research, covering Supreme Court of Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
State v. Escambia County, Florida, 14 So. 2d 576, 153 Fla. 282, 1943 Fla. LEXIS 606 (Fla. 1943).

Opinion

*283 CHAPMAN, J.:

The Boards of County Commissioners of Escambia and Santa Rosa Counties, Florida, pursuant to Chapter 12720, Special Acts of 1927, Laws of Florida, as amended by Chapter 14030, Special Acts of 1929, Laws of Florida, adopted a joint resolution, thereby granting an exclusive franchise to Johnson, Drake and Piper, Inc., a corporation, to build, construct, maintain, and operate a toll bridge, and upon its completion to be used in connection with the public roads and highways of the aforesaid counties. The contemplated bridge was to cross over a sheet of water commonly known as Pensacola Bay. It was to extend from Santa Rosa Peninsular in Santa Rosa County, Florida, to the mainland in Escambia County, Florida, at a point east of Muscogee Wharf in the City of Pensacola, Florida.

Johnson, Drake and Piper, Inc., sold, transferred and. assigned the franchise rights, powers and privileges possessed by it to the Pensacola Bridge Corporation. The plans of construction of the bridge were approved, recommended and subsequently authorized by the Secretary of War, pursuant to Act of Congress. The bridge was constructed by the Pensacola Bridge Corporation according to the proposed plans and specifications, and the title to the bridge and franchise, and all rights and privileges incidental thereto, rested in the Pensacola Bridge Corporation.

Section 5 of Chapter 21216, Special Acts of 1941, Laws of Florida, authorized the Board of County Commissioners of Escambia County to acquire by purchase or condemnation proceedings the aforesaid bridge, title to which rested in the Pensacola Bridge Corporation. Condemnation proceedings were instituted in the Circuit Court of Escambia County, Florida, against the Pensacola Bridge Corporation to acquire title and ownership of the aforesaid bridge. Trial was had and a verdict and judgment entered fxing the total compensation, with costs, of the bridge at the sum of $1,345,000.00. Counsel for Escambia County and the Pensacola Bridge Corporation, by stipulation filed in the lower court, agree that said sum should be paid within sixty days after May 18, 1943.

*284 On May 20, 1943, the Board of County Commissioners of Escambia County adopted a resolution authorizing the acquisition of the toll bridge across the Pensacola Bay, connecting Escambia County with Santa Rosa County, and the issuancé of bonds under the several provisions of Chapter 21216, Special Acts of 1941, Laws of Florida, known and cited as the Escambia County Bridge Revenue Bond Act, the title of said resolution is viz: “A resolution authorizing the acquisition of thé existing toll bridge across Pensacola Bay connecting Escambia County with Santa Rosa County, and the issuance, under the provisions of the Escambia County Bridge Revenue Act, of bridge revenue bonds of the county, payable solely from bridge revenues, to pay the cost of such acquisition; providing for the fixing and collecting of tolls a,nd charges for the use of the bridge; providing for the application of bridge revenues and for the creation of certain funds; and providing for the remedies of the holders of such bonds.”

Section 101 of Article I of the adopted resolution is viz:

“Section 101. Under the authority of the Escambia County Bridge Revenue Bond Act, the acquisition of the bridge is hereby authorized and, for the purpose of paying the cost of the bridge, there shall be issued bridge revenue bonds of the County of Escambia (hereinafter sometimes called the ‘bonds’) in the aggregate principal amount of One Million Four Hundred Fifty Thousand Dollars ($1,450,000.00).

“The principal of and the interest on all of the bonds shall be payable solely from the special fund hereinafter created and designated the ‘Pensacola Bay Bridge Sinking Fund’ and all of the covenants, agreements and provisions of this Resolution shall be for the benefit and security of all and singular the present and future holdérs of the bonds and interest coupons so issued, without preference, priority or distinction as to lien or otherwise, except as otherwise hereinafter provided, of any one bond over any other bond, by reason of priority in the .issue, sale or negotiation, or otherwise.”

Section 102 of Article I, in part, provides:

“. . . . The bonds shall mature in numerical order, lowest numbers first, as follows: $50,000 on May 1 in each of the *285 years 1948 to 1950, inclusive, and $100,000 on May 1 in each of the years 1952 to 1964, inclusive. The bonds which mature on and after May 1, 1955, shall be redeemable prior to their respective maturities at the prices and dates and upon the terms hereinafter set forth. ...”

Section 103 of Article I, in part provides:

“The bonds which mature in the years 1955 to 1959, inclusive, may be redeemed on May 1, 1954, or on any interest payment date thereafter prior to their respective maturities, at the option of the County, at the principal amount thereof and accrued interest together with a premium of 3%% of the principal amount thereof if redeemed in the year 1954, a premium of 3% if redeemed in the year 1955, a premium of 2 %% if redeemed in the year 1958. a premium of 2% if redeemed in the year 1957, a premium of 1%% if redeemed in the year 1958, and without premium if redeemed in the year 1959. The bonds which mature in the years 1960 to 1964, inclusive, may be redeemed on May 1, 1958, or on any interest payment date thereafter prior to their respective maturities, at the option of the County, at the principal amount thereof and accrued interest together with a premium of 3%% of the principal amount thereof if redeemed in the year 1958, a premium of 3% if redeemed in the year 1959, a premium of 2/% % if redeemed in the year 1960, a premium of 2% if redeemed in the year 1961, a premium of 1%% if redeemed in the year 1962 and a premium of 1% if redeemed in the year 1963.”

Section 103 of Article I also in part provides:

“This bond shall not be deemed to constitute a debt of the County or any other county, city or town in the State of Florida, and the County is not obligated to pay this bond or the interest thereon except from revenues, and neither the faith and creditor of the County or any other county, city or town in the State of Florida are pledged to the payment of the principal of or the interest on this bond, but the principal of this bond and the interest thereon are payable solely from the special fund provided therefor from tolls and revenues of the bridge hereinafter mentioned. No holder of this bond shall ever have the right to compel any exercise of taxing power on the part of the County or of any other *286 county, city or town of the State of Florida to pay this bond or the interest thereon, nor to enforce such payment against any property of the County or of any other county, city or town, and this bond shall not constitute a charge, lien or encumbrance, legal or equitable, upon any such property.”

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Bluebook (online)
14 So. 2d 576, 153 Fla. 282, 1943 Fla. LEXIS 606, Counsel Stack Legal Research, https://law.counselstack.com/opinion/state-v-escambia-county-florida-fla-1943.