Bonifay is a city in Holmes County, Florida, United States. Bonifay was given its name from a prominent family that had a brick making factory in Pensacola, FL. Frank Bonifay, the man behind the town's name, bought a stake in the L%N, now CSX, Railroad. As W. D. Chipley connected the rural Florida Panhandle, along the way he came up with names for certain communities the railroad bisected. http://dhr. dos. state. fl. us/facts/reports/names/index.