Pacific Gas & Electric Co. v. Shasta Dam Area Public Utility District

Appellant corporation filed the instant action, as a taxpayer, against the respondent public utility district to enjoin the issuance of $150,000 in bonds for the construction of an electrical distribution system. A temporary restraining order was issued, and thereafter a full hearing was held on the merits of the case. Judgment was entered in favor of respondent district, and the temporary injunction was dissolved and a permanent injunction denied. This appeal is from said judgment.

Appellant makes two major contentions upon this appeal: (1) The issuance of $150,000 in bonds would exceed the…