Seaton Mountain Electric Light, Heat & Power Co. v. Idaho Springs Investment Co.

Quasi-public corporations are required to serve the inhabitants of the territory in which they operate, in the capacity for which they are organized, and in which they have secured a franchise, but have the right to prescribe for their convenience and security and the protection of the public such rules and regulations, with which their patrons must comply, as are reasonable and just. The reason for this rule is, that although gmsi-public corporations operating in cities, under a franchise obtained from municipal authorities, are organized for private gain, the consideration for permitting…