Alabama Power Co. v. Ickes
Supreme Court of the United States
1Opinion of the CourtJustice Sutherland
These cases involve certain “loan-and-grant agreements” made by the Federal Emergency Administrator of Public Works with four municipal-corporations located in the State of Alabama. The bills of complaint sought to enjoin the execution of these agreements. Each agreement contemplates the construction of an electricity-distribution system by the designated municipality, and, to that end, the purchase, by the administrator, of bonds to be issued by the municipality and secured by a first pledge of the revenues derived from the operation of the system. In No. 84 thirty and in No. 85 forty-five…
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