Inhabitants of Tisbury v. Vineyard Haven Water Co.
Massachusetts Supreme Judicial Court
Bill in-equity, filed in the Supreme Judicial Court on October 11, 1905, under St. 1887, c. 157, § 6, to ascertain and ■fix the total cost of the franchise, corporate rights and privileges of the Vineyard Haven Water Company taken by the town of Tisbury under that statute.
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Bill in-equity, filed in the Supreme Judicial Court on October 11, 1905, under St. 1887, c. 157, § 6, to ascertain and ■fix the total cost of the franchise, corporate rights and privileges of the Vineyard Haven Water Company taken by the town of Tisbury under that statute. The section in question is as follows: “ Section 6. The said town of Tisbury or any fire district that is or may hereafter be legally organized therein shall have the right at any time to take, by purchase or otherwise, the franchise, corporate property and all the rights and privileges of said corporation, on payment to…
1Opinion of the CourtKnowlton, C. J.
Acting under St. 1887, c. 157, § 6, the plaintiff took the franchise, corporate property, and all the rights and privileges of the defendant, and being unable to agree with the defendant upon the amount of the total cost of that which was taken, it brings this bill for an ascertain*198ment and fixing of this total cost in accordance with the provisions of the statute. The bill calls for a construction of the statute in that part which states the terms of the payment to be made. The language of a part of § 6 giving these terms is as follows : “ On payment to said corporation of the total cost of…
2Cases cited2 opinions
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