HomeMy WebLinkAbout2127 required by law, that said State Attorney has filed an Answer
as required by law, that no one except said State Attorney and
said Plaintiff has made any appearance or filed any p?eading or
paper of any kind whatever in said matter, and that the Court has
jurisdiction of this cause and of the subject matter hereof and of
the parties hereto, and evidence having been introduced and the cause
submitted for consideration and decision, the Court, having heard
and determined aIl of the questions of law and of fact in this cause,
finds the facts as follows; ~
(a) Al1 of the material allegations in said Complaint for
Validation are true, and the issuance of not exceeding $25,000,000
St. Lucie County Pollution Control Zevenue Bonds {Florida Power
& Light Company Project), Series A, of said County, has been ~uly
authorized.
(b) The County is authorized by the Florida Industrial
~evelopment Financing Act, being Chapter 159, Florida Statutes,
and particularly Sections.159.25 to 159.53, inclusive, of said
i
Chapter 159 (herein called the "Act") to finance and refinance
capital projects includin~ industrial and manufacturing plants and ~
:
air, water and other pollution and waste control faciliti~s with
appurtenant facilities far tre purpose of fostering the in~ustrial
and basiness development of St. Lucie County, Florida; and to
issue revenue bonds repayable solely from revenues derived from
the sale, operation or leasing of such capital projects.
(c) The Constitution of the State of Florida provides, in
Section 10 ot Artic~e VII, that neither the state nor any county,
~~;;~ol district, mur.icipality, specia]. district, or agency of any
of them, shall become a joint owner with, or stockholder of, or give,
~
lend or use its taxing po~:er or credit to aid any corporation, ~
~
association, partnership or person, but that this shall not prohibit
laws authorizing the issuance and sale ]~y any county, municipality, ~
special district or other local ~overrunental body of revenue bonds
to finance or refinance the cost of capital projects for industrial
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