Monticello Electric Light Co. v. City of Monticello

CULLEN, Commissioner.

In a declaratory judgment proceeding, the Wayne Circuit Court held that the City of Monticello and its Electric Plant Board are entitled to proceed, without further appraisal procedure, to acquire an electric plant under the “TVA Act,” KRS 96.550 to 96.900, either by condemning the existing facilities of the privately owned Monticello Electric Light Company or by constructing a new municipal plant. The electric company, on appeal, contends that the judgment is erroneous because the city and its electric plant board, by reason of having led the company to believe that…