[Download] "Town of South Hill v. Allen" by Supreme Court of Wyoming * Book PDF Kindle ePub Free
eBook details
- Title: Town of South Hill v. Allen
- Author : Supreme Court of Wyoming
- Release Date : January 13, 1941
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
Prior to July, 1927, the town of South Hill owned and operated a municipal electric light and power plant which served the town and its inhabitants with electricity for domestic and commercial uses. The town determined that it was for the best interest of its inhabitants to sell and dispose of this plant. Accordingly it made a contract with the Virginia Public Service Company whereby the town agreed to sell the plant and distribution system for the sum of $90,000. This sale was conditioned upon the purchaser becoming the successful bidder for a franchise to be awarded in the form provided by section 125 of the Constitution. The Virginia Public Service Company was the successful bidder and obtained a franchise for thirty years from August 8, 1927. Immediately after the town was connected with the new system, the company dismantled the municipal generating plant and sold the same for $3,450, thereby indicating that approximately $85,000 was the consideration paid for the franchise. Since that date the Virginia Public Service Company has spent more than $11,000 in improving, repairing and rebuilding the distribution system in the town of South Hill.